Postal Realty Trust Declares Second Quarter 2024 Dividend
Rhea-AI Summary
Postal Realty Trust (NYSE: PSTL) has declared a quarterly dividend of $0.24 per share on its Class A common stock, representing a 1.1% increase from the second quarter 2023 dividend. The dividend will be payable on August 30, 2024 to stockholders of record as of August 2, 2024. Postal Realty Trust is an internally managed real estate investment trust that owns and manages over 1,950 properties leased primarily to the United States Postal Service, ranging from last-mile post offices to industrial facilities.
Positive
- Increased quarterly dividend by 1.1% compared to Q2 2023
- Owns and manages over 1,950 properties leased primarily to USPS
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, PSTL declined 0.14%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CEDARHURST, N.Y., July 23, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,950 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
About Postal Realty Trust, Inc.
Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,950 properties leased primarily to the USPS. More information is available at postalrealtytrust.com.
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 Q2 2024 dividend amount?
When will Postal Realty Trust (PSTL) pay its Q2 2024 dividend?
How much did Postal Realty Trust increase its dividend compared to Q2 2023?
How many properties does Postal Realty Trust (PSTL) own and manage?
