Postal Realty Trust Declares Fourth Quarter 2024 Dividend
Rhea-AI Summary
Postal Realty Trust (NYSE: PSTL) has announced a quarterly dividend increase of 1.0% to $0.2425 per share for Q4 2024, marking its seventh consecutive year of dividend growth. The dividend will be paid on February 28, 2025, to stockholders of record as of February 14, 2025.
The company, which owns and manages over 2,000 properties primarily leased to the United States Postal Service, also provided the tax characteristics of its 2024 dividends. For the tax year 2024, PSTL distributed total dividends of $0.96 per share, consisting of $0.6552 in ordinary dividends, $0.0088 in qualified dividends, $0.0088 in capital gain distributions, and $0.2960 in non-dividend distributions.
Positive
- Increased quarterly dividend by 1.0% to $0.2425 per share
- Seventh consecutive year of dividend growth
- Maintains stable dividend distribution pattern throughout 2024
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, PSTL gained 1.46%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
– Increases Dividend for Seventh Consecutive Year –
– Provides Tax Characteristics of 2024 Dividends –
CEDARHURST, N.Y., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 2,000 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of
Tax Treatment of 2024 Dividends
The following table summarizes, for income tax purposes, the nature of the cash dividends paid to the Company’s Class A common stockholders during the tax year ended December 31, 2024:
| Record Date | Payment Date | Distribution per Share | Ordinary Dividends | Qualified Dividends (1) | Capital Gain Distributions (2) | Unrecaptured Sec 1250 Gain (3) | Section 897 Capital Gain | Non-Dividend Distributions (4) | Section 199A Dividends (1) | ||||||||
| 2/16/2024 | 2/29/2024 | ||||||||||||||||
| 5/8/2024 | 5/31/2024 | ||||||||||||||||
| 8/2/2024 | 8/30/2024 | ||||||||||||||||
| 11/4/2024 | 11/29/2024 | ||||||||||||||||
| Total | |||||||||||||||||
| (1) (2) (3) (4) | Qualified and Section 199A dividends are a subset of, and included in, the taxable ordinary dividends amount. Unrecaptured Section 1250 gains are a subset of, and included in, the total capital gains amount. Represents a return of stockholders’ original investment. |
The information in the table above is based on the preliminary results of work on the tax filings of the Company and is subject to correction or adjustment when the filings are completed. No material change in these classifications is expected. The tax information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Stockholders are encouraged to consult with their own tax advisors regarding the specific federal, state, local, foreign and other tax consequences of ownership of the Company’s Class A common stock and the specific tax treatment of distributions on the Company’s Class A common stock.
About Postal Realty Trust, Inc.
Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,000 postal properties leased primarily to the USPS.
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements.” Forward-looking statements include statements that are based on various assumptions (some of which are beyond the Company’s control) and may be identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the USPS’s terminations or non-renewals of leases, changes in demand for postal services delivered by the USPS, the solvency and financial health of the USPS, competitive, financial market and regulatory conditions, general real estate market conditions, the Company’s competitive environment and other factors set forth under “Risk Factors” in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Contact:
Investor Relations and Media Relations
Email: Investorrelations@postalrealtytrust.com
Phone: (516) 232-8900
FAQ
What is Postal Realty Trust's Q4 2024 dividend amount and payment date?
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