Postal Realty Trust - PSTL STOCK NEWS

Postal Realty Trust (NYSE:PSTL) reported its Q1 2022 results, achieving a revenue increase of 35% year-over-year, driven by robust property collections and strategic acquisitions. The company acquired 50 USPS properties for approximately $26.9 million, adding 179,000 net leasable square feet at a rental rate of $10.75 per square foot. Its net income was $0.6 million with FFO and AFFO at $4.8 million and $5.4 million, respectively. The quarterly dividend was raised by 4.5% to $0.23 per share. Additionally, the company has plans for further acquisitions totaling approximately $40 million.

Postal Realty Trust, Inc. (NYSE: PSTL) announced that it will report its financial results for the period ended March 31, 2022, on May 11, 2022, after market close. A conference call to discuss these results will be held on May 12, 2022, at 8:30 A.M. Eastern Time. This internally managed real estate investment trust owns over 1,400 properties primarily leased to the United States Postal Service (USPS), showcasing its strategic focus on postal-related real estate investments.

Postal Realty Trust (NYSE: PSTL) has announced a 4.5% increase in its quarterly dividend to $0.23 per share, marking the eleventh consecutive quarter of dividend increases. This dividend will be payable on May 27, 2022, to shareholders on record as of May 13, 2022. The company manages over 1,400 properties primarily leased to the United States Postal Service.

This continued increase reflects the company's commitment to delivering income to its shareholders amidst evolving market conditions.

Postal Realty Trust (NYSE:PSTL) reported strong financial results for the fourth quarter and full year 2021. The company acquired 55 USPS properties for approximately $42.8 million in Q4, contributing to a total of 239 properties acquired for around $118 million in 2021. Rental income surged 64% year-over-year, bolstering net income attributable to common shareholders to $2.1 million for the year. The company raised its dividend by 4.6%, marking the tenth consecutive increase. With a portfolio occupancy rate of 99.6%, PSTL demonstrates robust growth potential and commitment to shareholder returns.

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.