Postal Realty Trust Declares Third Quarter 2023 Dividend

Rhea-AI Summary

Postal Realty Trust, Inc. announces a 1.1% increase in quarterly dividend on its Class A common stock.

Positive

• Postal Realty Trust, Inc. has approved a 1.1% increase in its quarterly dividend on Class A common stock. The dividend will be $0.2375 per share. This increase is positive news for investors as it indicates the company's commitment to rewarding shareholders.

Negative

• None.

CEDARHURST, N.Y., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,800 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to larger industrial facilities, announced today that 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 1.1% increase from the third quarter 2022 dividend. The dividend will be payable on November 30, 2023 to stockholders of record as of the close of business on November 1, 2023.

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,800 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.

Contact:
Investor Relations and Media Relations
Email: Investorrelations@postalrealtytrust.com

 

FAQ

What is the dividend increase announced by Postal Realty Trust, Inc.?

Postal Realty Trust, Inc. has announced a 1.1% increase in its quarterly dividend on Class A common stock.

When will the dividend be payable?

The dividend will be payable on November 30, 2023.

Who will receive the dividend?

The dividend will be paid to stockholders of record as of the close of business on November 1, 2023.

What is the amount of the dividend per share?

The dividend will be $0.2375 per share.

What does the dividend increase indicate for investors?

The dividend increase indicates Postal Realty Trust, Inc.'s commitment to rewarding shareholders.