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 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
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.
Postal Realty Trust, Inc. (NYSE: PSTL) will release its financial results for the second quarter ended June 30, 2021, on August 10, 2021, following market close. This real estate investment trust primarily owns properties leased to the USPS, totaling over 1,250 locations. A conference call will take place at 5:00 P.M. Eastern Time on the same day to discuss the results, with a live audio webcast accessible on the investor website. The replay of the call will be available until August 24, 2021.
Postal Realty Trust, Inc. (NYSE: PSTL) announced a quarterly dividend of $0.2225 per share on its Class A common stock, representing an 8.5% increase from the previous quarter. The dividend is set to be payable on August 27, 2021, to stockholders of record by August 13, 2021. The Company owns and manages over 1,250 properties leased primarily to the United States Postal Service (USPS), which includes a diverse range of facilities from last mile post offices to larger industrial properties.
Postal Realty Trust, Inc. (NYSE: PSTL) reported 100% rent collection for Q2 2021 and acquired 71 properties for approximately $30 million. The total portfolio, now encompassing 852 properties, stands at 3.6 million net leasable square feet with a weighted average rental rate of $8.68 per square foot. In 2021, the Company has acquired 125 properties for $56 million. As of July 6, agreements are in place for an additional 40 properties totaling $16 million. The equity activity includes issuing 319,702 shares at an average price of $20.02, generating about $6 million in net proceeds.
Postal Realty Trust (NYSE: PSTL) announced its addition to the Russell 2000® Index and the Russell 3000® Index, effective June 28, 2021. This inclusion highlights the Company's growth since its IPO over two years ago, focusing on properties leased to the USPS. The Russell 2000® Index is a key benchmark for small-cap companies and affects roughly $9 trillion in assets. CEO Andrew Spodek expressed optimism about the milestone, emphasizing the Company's commitment to delivering value to investors.
Postal Realty Trust (NYSE: PSTL) announced that executives will present at the Janney Montgomery Scott Virtual Real Estate & Lodging Conference on May 25, 2021, at 3:15 p.m. ET. A live audio webcast will be available on the company's investor website, with an archive accessible for 90 days post-event.
Additionally, PSTL will present at Nareit's REITweek: 2021 Investor Conference on June 9, 2021, at 8:45 a.m. ET, with a similar webcast arrangement. The company owns approximately 1,200 properties leased to USPS, focusing on last-mile and industrial facilities.
