Postal Realty Trust Declares Fourth Quarter 2022 Dividend

Rhea-AI Summary

Postal Realty Trust, Inc. (NYSE:PSTL) has announced a quarterly dividend increase of $0.2375 per share, marking a 4.4% rise from Q4 2021. This increase reflects the company's commitment to returning value to shareholders, with dividends payable on February 28, 2023, to stockholders of record by February 15, 2023. Additionally, the press release provides tax treatment information for the 2022 dividends, totaling $0.9250 for the year. Investors are advised to consult tax professionals for specific implications. The company continues to manage over 1,650 postal properties primarily leased to the USPS.

Positive

• Quarterly dividend increased by 4.4% to $0.2375 per share.
• Dividend reflects continued confidence in financial performance.
• Total dividends for 2022 amounted to $0.9250 per share.

Negative

• None.

– Increases Dividend for Fourteenth Consecutive Quarter –

– Provides Tax Characteristics of 2022 Dividends –

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 1,650 postal 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 $0.2375 per share. This represents a 4.4% increase from the fourth quarter 2021 dividend. The dividend will be payable on February 28, 2023 to stockholders of record as of the close of business on February 15, 2023.

Tax Treatment of 2022 Dividends

The following table summarizes, for income tax purposes, the nature of the cash dividends paid to the Company’s Class A common stockholders for the tax year ended December 31, 2022:

Record Dates	Payable Dates	Distribution per Share	Ordinary Dividends	Non-Dividend Distributions	Section 199A Dividends
2/15/2022	2/28/2022	$0.2275	$0.1483	$0.0792	$0.1483
5/13/2022	5/27/2022	$0.2300	$0.1499	$0.0801	$0.1499
8/8/2022	8/26/2022	$0.2325	$0.1515	$0.0810	$0.1515
11/7/2022	11/28/2022	$0.2350	$0.1532	$0.0818	$0.1532
Total		$0.9250	$0.6029	$0.3221	$0.6029

The information in the table above is based on the preliminary results of work on the tax filings of the Company and is subject to correction or adjustment when the filings are completed. No material change in these classifications is expected. The tax information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Stockholders are encouraged to consult with their own tax advisors regarding the specific federal, state, local, foreign and other tax consequences of ownership of the Company’s Class A common stock and the specific tax treatment of distributions on the Company’s Class A common stock.

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,650 postal properties leased primarily to the USPS. More information is available at postalrealtytrust.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/20230131006153/en/

Investor Relations and Media Relations

Email: Investorrelations@postalrealtytrust.com

Phone: (516) 232-8900

Source: Postal Realty Trust, Inc.

Source: Postal Realty Trust, Inc.

FAQ

What is the new dividend amount for Postal Realty Trust (PSTL)?

The new dividend amount is $0.2375 per share.

When is the dividend payment date for Postal Realty Trust (PSTL)?

The dividend will be payable on February 28, 2023.

What was the total dividend paid in 2022 for Postal Realty Trust (PSTL)?

The total dividends paid in 2022 amounted to $0.9250 per share.

What are the tax implications of the 2022 dividends from Postal Realty Trust (PSTL)?

Investors should consult tax advisors regarding the specific tax treatment of distributions.

How many properties does Postal Realty Trust (PSTL) manage?

Postal Realty Trust manages over 1,650 postal properties.