Postal Realty Trust Announces Inclusion in the Russell 2000 Index
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.
- Inclusion in the Russell 2000® Index represents a significant milestone for PSTL.
- Reflects the Company's growth trajectory since its IPO over two years ago.
- Dependence on USPS for property leases may pose risks if USPS experiences financial instability.
- Potential lease terminations or non-renewals could adversely affect revenue.
Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages approximately 1,200 properties leased to the USPS, ranging from last mile post offices to larger industrial facilities, today announced it was added to the Russell 2000® Index and the broad-market Russell 3000® Index effective after the market opens on June 28, 2021.
“We are pleased to be included in the Russell 2000® Index, one of the most widely cited performance benchmarks for emerging companies,” said Andrew Spodek, CEO of Postal Realty Trust. “This is another milestone for Postal Realty Trust after completing our IPO a little over two years ago. With our growing platform focused on the USPS, we look forward to continuing to successfully execute our business model to provide increased value for investors.”
The Russell 2000® Index measures the performance of the small cap segment of the U.S. equity market. The Russell 2000® is widely used by institutional investors and investment managers for index funds and as benchmarks for active investment strategies. Approximately
About Postal Realty Trust, Inc.
Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages approximately 1,200 properties leased to the USPS, ranging from last mile post offices to larger industrial facilities. More information is available at postalrealty.com.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements.” Forward-looking statements include statements 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, including, among others, statements regarding 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, disruption in market, economic and financial conditions as a result of the ongoing COVID-19 pandemic, 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 U.S. 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.
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FAQ
What does it mean for PSTL to be added to the Russell 2000® Index?
When did Postal Realty Trust join the Russell 2000® Index?
How does the Russell 2000® Index impact PSTL's stock performance?
What is the significance of the Russell 3000® Index for PSTL?
