Postal Realty Trust Declares Second Quarter 2022 Dividend

Rhea-AI Summary

Postal Realty Trust (PSTL) has announced a quarterly dividend of $0.2325 per share, reflecting a 4.5% increase from the previous quarter. This marks the twelfth consecutive quarter of dividend increases for the company. The dividend will be payable on August 26, 2022, to shareholders recorded as of August 8, 2022. The company primarily invests in properties leased to the United States Postal Service (USPS).

Positive

• Quarterly dividend increased by 4.5% to $0.2325 per share.
• Twelfth consecutive quarter of dividend increases.
• Stable business model leasing to USPS.

Negative

• Dependence on USPS raises risks related to lease terminations.
• Potential uncertainties linked to USPS financial health.

– Increases Dividend for Twelfth 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 1,500 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 $0.2325 per share. This represents a 4.5% increase from the second quarter 2021 dividend. The dividend will be payable on August 26, 2022 to stockholders of record as of the close of business on August 8, 2022.

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,500 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/20220727005802/en/

Investor Relations and Media Relations

Email: Investorrelations@postalrealtytrust.com

Phone: (516) 232-8900

Source: Postal Realty Trust, Inc.

FAQ

What is the latest dividend amount announced by Postal Realty Trust (PSTL)?

The latest dividend amount announced by Postal Realty Trust (PSTL) is $0.2325 per share.

When is the dividend payable for PSTL shareholders?

The dividend for PSTL shareholders is payable on August 26, 2022.

What percentage increase does the new dividend represent for PSTL?

The new dividend represents a 4.5% increase from the previous quarter.

How often does Postal Realty Trust (PSTL) increase its dividends?

Postal Realty Trust (PSTL) has increased its dividends for twelve consecutive quarters.

Who are the primary tenants of Postal Realty Trust (PSTL) properties?

The primary tenants of Postal Realty Trust (PSTL) properties are the United States Postal Service (USPS).