Welcome to our dedicated page for Postal Realty Trust news (Ticker: PSTL), a resource for investors and traders seeking the latest updates and insights on Postal Realty Trust stock.
Postal Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages properties leased primarily to the United States Postal Service, including last-mile post offices, flex properties and industrial facilities. Its news commonly centers on rental income, occupancy, lease renewals, USPS property acquisitions and portfolio expansion across a national postal real estate base.
Company updates also cover quarterly results, AFFO and acquisition guidance, Class A common stock dividends, at-the-market equity activity, unsecured credit facilities and credit ratings for Postal Realty LP. These releases connect operating performance to a USPS-leased portfolio and the capital sources used to fund acquisitions.
Postal Realty Trust, Inc. (NYSE: PSTL) will report its financial results for the year ended December 31, 2021, on March 10, 2022, after market close. The company, managing over 1,350 properties primarily leased to the United States Postal Service, will host a conference call at 5:00 P.M. EST on the same day to discuss these results. Investors can access the live webcast on the company's investor website. A replay of the call will be available from 8:00 P.M. EST on March 10 until March 24, 2022, using specified dialing options.
Postal Realty Trust, Inc. (NYSE: PSTL) has announced a quarterly dividend increase of $0.2275 per share, marking a 4.6% rise from the previous quarter. This dividend will be payable on February 28, 2022 to stockholders of record by February 15, 2022. The company manages over 1,350 properties leased primarily to the United States Postal Service (USPS). Additionally, tax treatment details for 2021 dividends were provided, showing a total dividend distribution of $0.885 per share for the year ended December 31, 2021.
Postal Realty Trust (NYSE: PSTL) reported significant growth in 2021, acquiring 239 properties valued at over $118 million, with a weighted average cap rate between 7% and 7.5%. In Q4 2021, the company achieved 100% rent collection and acquired 55 properties for $42.8 million. The firm’s portfolio was 99.6% occupied, comprising approximately 4.5 million net leasable square feet. CEO Andrew Spodek highlighted a robust acquisition pipeline, albeit anticipating continued cap rate compression in the market as they expand further in 2022.
Postal Realty Trust, Inc. (NYSE: PSTL) has successfully completed its public offering of 4,887,500 shares of Class A common stock, raising approximately $83 million. This marks a total of about $147 million raised through common equity in 2021. The funds will be used for general corporate purposes, including property acquisitions and capital expenditures. The company continues to focus on expanding its portfolio, primarily consisting of properties leased to the United States Postal Service.
Postal Realty Trust, Inc. (NYSE: PSTL) has announced a public offering of 4,250,000 shares of Class A common stock priced at $17.00 per share. The underwriters have a 30-day option to purchase an additional 637,500 shares. The offering is expected to close on November 19, 2021. The proceeds will be used for general corporate purposes, which may include property acquisitions, dividends, capital expenditures, working capital, and debt repayment. J.P. Morgan, Stifel, and other firms are managing the offering.
Postal Realty Trust (NYSE: PSTL) has announced a public offering of 4,250,000 shares of its Class A common stock, with an option for underwriters to purchase an additional 637,500 shares. The proceeds will be used for general corporate purposes, including property acquisitions, dividend payments, capital expenditures, working capital, and debt repayment. J.P. Morgan and Stifel are serving as bookrunning managers for this offering. The offering is part of the Company’s strategy to manage over 1,300 properties leased primarily to the USPS.
Postal Realty Trust (NYSE:PSTL) reported significant growth for the quarter ended September 30, 2021, acquiring 59 USPS properties for $19.2 million, boosting rental income by 70% year-over-year. The firm's net income was $0.5 million ($0.03 per diluted share), while Funds from Operations reached $4.4 million ($0.25 per diluted share). The company raised its quarterly dividend by 4.7% to $0.2250 per share, marking the ninth consecutive increase. PSTL's owned portfolio is 99.6% occupied, with plans for continued expansion and a strong balance sheet to support future acquisitions.
Postal Realty Trust, Inc. (NYSE: PSTL) announced a quarterly dividend increase to $0.2250 per share, marking a 4.7% rise compared to the previous quarter. This represents the ninth consecutive quarter of dividend growth. The dividend will be payable on November 30, 2021, to shareholders of record by November 15, 2021. The company, which manages over 1,300 properties leased mainly to the United States Postal Service (USPS), continues to demonstrate its commitment to returning value to shareholders.
Postal Realty Trust, Inc. (NYSE:PSTL) announced it will report its financial results for the period ending September 30, 2021, on November 8, 2021, after market close. The company manages over 1,300 properties leased mainly to the United States Postal Service (USPS), including post offices and industrial facilities. A conference call to discuss the financial results will occur the same day at 5:00 PM Eastern Time, with a live audio webcast available on the company's investor website. Replay details for the call will be provided.
Postal Realty Trust (NYSE:PSTL) announced strong second quarter 2021 results, achieving 70% growth in rental income year-over-year. The company completed acquisitions of 71 USPS-leased properties for ~$30 million. Net income was $671,000 ($0.04/share), while Funds from Operations were $4 million ($0.25/share). An 8.5% increase in quarterly dividends to $0.2225 per share was declared. The portfolio remains fully occupied with an average rental rate of $8.68/sq ft. Following a new credit facility, the company aims to further expand its holdings nationwide.