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. (NYSE: PSTL) operates as a specialized real estate investment trust managing properties leased to the United States Postal Service. This page serves as the definitive source for PSTL's corporate announcements, financial disclosures, and strategic developments within its niche postal property portfolio.
Investors and analysts will find curated press releases covering quarterly earnings, property acquisitions, lease renewals, and management updates. The repository also features operational milestones related to PSTL's fee-based third-party management services and portfolio expansion strategies.
Key content categories include financial results, USPS lease agreements, acquisition announcements, and governance updates. All materials are sourced directly from company filings and official communications to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to Postal Realty Trust's latest developments in government-leased commercial real estate. Check back regularly to monitor how PSTL maintains its position as a leading operator of mission-critical postal properties nationwide.
Postal Realty Trust (NYSE: PSTL) has declared a quarterly dividend of $0.24 per share on its Class A common stock for the third quarter of 2024. This represents a 1.1% increase from the third quarter 2023 dividend. The dividend will be payable on November 29, 2024 to stockholders of record as of the close of business on November 4, 2024.
Postal Realty Trust is an internally managed real estate investment trust that owns and manages over 2,000 properties leased primarily to the United States Postal Service (USPS). These properties range from last-mile post offices to industrial facilities.
Postal Realty Trust (NYSE: PSTL) has provided an update on its lease negotiations with the United States Postal Service (USPS). The company has agreed to new rents on all expired 2023 leases and most of the expired and scheduled to expire 2024 leases. As of September 25, 2024, PSTL received 162 fully executed new leases from the USPS, representing 57% of 2023 expired rent and 51% of 2024 expired and scheduled to expire rent.
Key highlights include:
- 3% annual rent escalations on new leases
- Mix of five and ten-year lease terms
- $1.2 million net lump sum catch-up payment received in Q3
- Total net lump sum catch-up payments of $1.5 million
The company is pleased with the negotiations and believes these changes will enhance internal growth and maximize long-term shareholder value. Discussions for 2025 lease expirations are in progress.
Postal Realty Trust (NYSE: PSTL), an internally managed REIT owning over 1,950 properties primarily leased to the USPS, has announced its participation in the 2024 Midwest IDEAS Investor Conference. The event will take place at The Gwen in Chicago, IL on August 28-29, 2024.
Key details:
- CEO Andrew Spodek, President Jeremy Garber, and CFO Robert Klein will present on August 28, 2024, at 9:15 AM Central Time
- A live webcast will be available on the company's website
- A replay will be accessible shortly after the event
- The company will host meetings with investors during the conference
This presentation offers an opportunity for investors to gain insights into Postal Realty Trust's operations and strategy.
Postal Realty Trust (NYSE: PSTL) reported its second quarter 2024 results. The company acquired 70 USPS properties for $28.3 million at a 7.6% capitalization rate and achieved 17% revenue growth compared to Q2 2023.
Net income attributable to common shareholders was $0.8 million ($0.02 per diluted share). Funds from Operations (FFO) were $6.5 million ($0.23 per diluted share), while Adjusted Funds from Operations (AFFO) were $7.5 million ($0.26 per diluted share). The portfolio was 99.6% occupied, with a weighted average rental rate of $9.67 per square foot.
Subsequent to quarter-end, the company declared a quarterly dividend of $0.24 per share. The balance sheet showed $3 million in cash and $272 million in net debt. The company also issued 364,701 shares through its equity offering program, raising $6.1 million.
Postal Realty Trust, Inc. (NYSE: PSTL), an internally managed REIT owning over 1,950 properties primarily leased to the USPS, has announced it will report its Q2 2024 financial results on August 6, 2024, after market close. The company will host a webcast and conference call at 4:30 P.M. Eastern Time on the same day to discuss the results.
Investors can access the live audio webcast on the company's investor website. To participate in the call, US and Canadian callers should dial 1-844-825-9789, while international callers should use 1-412-317-5180. A telephonic replay will be available from 8:30 P.M. Eastern Time on August 6 until August 20, 2024.
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.
Postal Realty Trust will present at Nareit's REITweek 2024 in New York.
CEO Andrew Spodek, President Jeremy Garber, and CFO Robert Klein will present on June 4 at 9:30 AM ET.
The company, which manages over 1,900 properties leased to the USPS, will also hold meetings with investors during the event from June 3 to June 6.
A live webcast will be available on Postal Realty's website, with a replay accessible shortly after.
Postal Realty Trust, Inc. reported its first quarter 2024 results, highlighting the acquisition of 29 USPS properties for $18.5 million, a 14% revenue growth, and positive net income figures. The company also raised funds through an ATM program and OP units, maintained 100% rental collection, and declared a quarterly dividend of $0.24 per share. The CEO expressed optimism about the company's performance and acquisition goals for the year.
Postal Realty Trust, Inc. (NYSE: PSTL) will participate in the BMO Annual Real Estate Conference and Janney Montgomery Scott Virtual Real Estate Conference. The company's CEO, President, and CFO will meet with the investment community to discuss the company's real estate investments primarily leased to the USPS.
Postal Realty Trust, Inc. declared a quarterly dividend of $0.24 per share for the first quarter of 2024, marking a 1.1% increase from the previous year. The dividend will be paid on May 31, 2024, to stockholders of record as of May 8, 2024.