Postal Realty Trust Declares Third Quarter 2022 Dividend

Rhea-AI Summary

Postal Realty Trust, Inc. (NYSE:PSTL) has announced a 4.4% dividend increase to $0.2350 per share, marking the thirteenth consecutive quarter of dividend growth. This dividend payment is scheduled for November 28, 2022, with a record date of November 7, 2022. The company operates over 1,600 properties predominantly leased to the United States Postal Service (USPS), indicating a stable revenue stream derived from essential postal services. The announcement underscores the company's commitment to rewarding shareholders while navigating potential risks associated with USPS operations.

Positive

• 4.4% increase in quarterly dividend to $0.2350 per share.
• Thirteenth consecutive quarter of dividend growth.
• Stable revenue stream from over 1,600 properties leased to USPS.

Negative

• Dependence on USPS's financial health and lease renewals could pose risks.
• Potential changes in demand for postal services may affect revenue.

– Increases Dividend for Thirteenth 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 1,600 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 $0.2350 per share. This represents a 4.4% increase from the third quarter 2021 dividend. The dividend will be payable on November 28, 2022 to stockholders of record as of the close of business on November 7, 2022.

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,600 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/20221026005783/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 PSTL?

The new dividend amount for Postal Realty Trust (PSTL) is $0.2350 per share.

When is the dividend payment date for PSTL?

The dividend payment date for Postal Realty Trust (PSTL) is November 28, 2022.

What is the record date for the PSTL dividend?

The record date for the Postal Realty Trust (PSTL) dividend is November 7, 2022.

How many consecutive quarters has PSTL increased its dividend?

Postal Realty Trust (PSTL) has increased its dividend for thirteen consecutive quarters.

What risks are associated with PSTL's dividend sustainability?

PSTL's dividend sustainability may be impacted by the financial health of the USPS and potential changes in demand for postal services.