Postal Realty Trust Declares First Quarter 2022 Dividend

Rhea-AI Summary

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.

Positive

• Quarterly dividend increased by 4.5% to $0.23 per share.
• Eleventh consecutive quarter of dividend increases.
• Strong management of over 1,400 properties leased to USPS.

Negative

• Dependence on USPS for lease agreements may pose risks.
• Economic uncertainties could affect USPS's financial health.

– Increases Dividend for Eleventh Consecutive Quarter –

CEDARHURST, N.Y.--(BUSINESS WIRE)-- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,400 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to larger industrial facilities, announced today its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.23 per share. This represents a 4.5% increase from the first quarter 2021 dividend. The dividend will be payable on May 27, 2022 to stockholders of record as of the close of business on May 13, 2022.

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,400 properties leased primarily to the USPS. More information is available at postalrealty.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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220427005434/en/

Investor Relations and Media Relations

Email: Investorrelations@postalrealtytrust.com

Phone: (516) 232-8900

Source: Postal Realty Trust, Inc.

FAQ

What is the new dividend amount for PSTL?

The new dividend amount for Postal Realty Trust (PSTL) is $0.23 per share.

When will the dividend for PSTL be paid?

The dividend will be payable on May 27, 2022.

What is the significance of the dividend increase for PSTL?

The 4.5% increase marks the eleventh consecutive quarter of dividend growth for Postal Realty Trust.

What are the risks associated with PSTL's dependence on USPS?

PSTL's reliance on USPS for lease agreements could expose the company to risks related to USPS's financial health and lease renewals.