Core Viewpoint - Postal Realty Trust, Inc. will report its financial results for the period ended March 31, 2025, on April 30, 2025, after market close [1] Group 1: Financial Reporting - The financial results will be discussed in a webcast and conference call on May 1, 2025, at 9:00 A.M. Eastern Time [2] - A telephonic replay of the call will be available from May 1, 2025, at 1:00 P.M. Eastern Time until May 15, 2025, at 11:59 P.M. Eastern Time [3] Group 2: Company Overview - Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,100 properties leased primarily to the United States Postal Service [4]

CEDARHURST, N.Y., April 21, 2025 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 2,100 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to 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 $0.2425 per share. This represents a 1.0% incr ...

Postal Realty Trust, Inc. (NYSE:PSTL) Q4 2024 Earnings Conference Call February 28, 2025 9:00 AM ET Company Participants Jordan Cooperstein - Vice President of FP&A, Capital Markets Andrew Spodek - Chief Executive Officer Jeremy Garber - President Robert Klein - Chief Financial Officer Conference Call Participants Barry Oxford - Colliers Securities Steven Dumanski - Janney Montgomery Scott Michael Gorman - BTG Pactual Jonathan Petersen - Jefferies Operator Greetings, and welcome to Postal Realty Trust fourt ...

Corporate Information & Analyst Coverage | Key Management | | | --- | --- | | Andrew Spodek | Chief Executive Officer | | Jeremy Garber | President, Treasurer & Secretary | | Robert Klein | Chief Financial Officer | | Board of Directors | Board Responsibilities | | Patrick Donahoe | Chair of the Board, Member - Audit Committee | | Andrew Spodek | Chief Executive Officer, Director | | Barry Lefkowitz | Chair of Audit Committee, Member - Corporate Governance & Compensation Committee | | Anton Feingold | Chair ...

Portfolio and Acquisitions - Postal Realty Trust, Inc. provided an update on its portfolio, collections, acquisitions, and financial position for Q4 2024[4] - The company reported significant acquisitions throughout 2024, enhancing its overall portfolio[4] Financial Position - The press release includes a detailed analysis of the company's balance sheet at year-end 2024[4]

Real Estate Investments - As of December 31, 2024, the company had net investments of approximately $606.0 million in 1,703 real estate properties, with an occupancy rate of 99.6%[24] - In 2024, the company acquired 197 properties leased primarily to the USPS for approximately $90.8 million, totaling about 560,895 net leasable interior square feet[27] - The company sold two real estate properties for net proceeds of $6.0 million, recording a net gain of $2.4 million[27] - The company manages an additional 360 properties owned by its CEO and affiliates, with a right of first offer to purchase 214 of these properties[24] - As of December 31, 2024, the company owned a portfolio of 1,703 properties across 49 states and one territory, totaling approximately 6.4 million net leasable interior square feet[209] Financial Performance - The quarterly dividend increased from $0.2375 for Q4 2023 to $0.2425 for Q4 2024, continuing a pattern of annual increases since the IPO[28] - The company issued 1,420,791 shares of Class A common stock under its ATM Program during 2024, raising approximately $20.4 million in gross proceeds[27] - The company may incur significant maintenance and capital expenses under its leases, which could reduce cash available for distribution and impact financial performance[78] - The ability to pay dividends may be adversely affected by various factors, including financial performance and economic conditions[132] - The company must distribute at least 90% of its REIT taxable income annually to maintain its REIT qualification, which may limit its ability to fund future capital needs[106] USPS Dependency and Risks - The company is substantially dependent on the demand for leased postal properties, with nearly all revenue derived from properties leased to the USPS[49] - The USPS has been implementing operational reforms and cost reduction measures under its Ten-Year Plan, which may lead to facility consolidations and affect lease renewals[49] - The USPS has significant outstanding debt obligations and is subject to rising expenses, which could impact its ability to meet financial obligations and affect lease agreements[54][57] - The Postal Service Reform Act has alleviated some obligations for the USPS, but significant underfunded liabilities remain, particularly regarding retiree health benefits[55] - The company may experience adverse effects if the USPS becomes unable to meet its lease payments or defaults on its obligations[62] Competition and Market Conditions - Competition from package delivery service providers like FedEx, Amazon, and UPS is increasing, potentially diverting volume away from the USPS and impacting demand for leased properties[61] - The company faces significant competition for USPS-leased properties, which may hinder its ability to acquire desired properties at competitive prices[71] - The USPS's operational changes and potential litigation could lead to reputational harm and reduced demand for USPS services, adversely affecting the company's business[68] - Rising property taxes due to rate changes or reassessments could negatively impact the company's financial condition and ability to make distributions to stockholders[85] - An increase in USPS or U.S. government-owned real estate could lead to challenges in renewing leases and expanding the company's portfolio[84] Regulatory and Compliance Risks - Changes in U.S. federal government policies or USPS restructuring could materially affect lease renewal opportunities and overall business operations[59] - The company must comply with various covenants in its debt instruments, and failure to do so could result in defaults that adversely affect its financial condition and liquidity[91] - The company is required to monitor its investments in TRS to ensure compliance with ownership limitations[173] - Compliance with various federal, state, and local laws may incur significant costs and affect the timing and cost of future developments[119] - The company may incur additional costs to bring properties into compliance with the ADA and FHAA, which could adversely impact financial condition and cash flow[120] Economic and Market Risks - Inflation has significantly increased, impacting operating expenses, interest expenses, and real estate acquisition costs, which could adversely affect financial performance[186] - Rising interest rates may lead to decreased real estate valuations and negatively impact the company's market capitalization and trading price[187] - The company may face increased costs and reduced cash flow if it has to fund distributions from working capital or asset sales due to insufficient cash from operations[195] - An increase in market interest rates may adversely affect the market price of the company's Class A common stock, as investors may seek higher dividend yields[185] - The company may be forced to borrow funds during unfavorable market conditions to meet its distribution requirements, potentially affecting its financial condition[180] Cybersecurity and Technology Risks - The company may face risks related to cybersecurity and environmental, social, and governance factors that could affect its operations and market perception[60] - Cybersecurity risks pose a threat to the company's operations and financial condition, with potential disruptions and increased costs for protection measures[197] - The Audit Committee oversees cybersecurity and information technology risk exposures, holding quarterly meetings and receiving periodic reports from management and the managed service provider (MSP)[205] - The company employs a multidisciplinary Technology Committee to assess and manage cybersecurity threats and risks, meeting at least quarterly[205] - The company has not identified any material cybersecurity risks that have affected or are likely to affect its business, financial condition, or results of operations[204] Management and Governance - The company relies on key personnel for its growth strategies, and the loss of these individuals could negatively impact its business and market perception[96] - The company’s Board of Directors can change strategies and policies without stockholder approval, increasing the risk of default under debt obligations[153] - The company is classified as a "smaller reporting company," allowing it to rely on reduced disclosure requirements, which may affect investor perception of its common stock[152] - The company may issue additional OP Units to third parties without stockholder consent, which could dilute ownership and affect distributions to stockholders[156] - Certain provisions in the partnership agreement may delay or prevent unsolicited acquisitions, which could discourage potential offers[148] Environmental and Social Risks - Environmental liabilities could result in significant costs, including investigation and remediation of hazardous substances, which may exceed the value of the properties[109] - The company is exposed to risks from natural disasters and climate change, which could result in physical damage to properties and increased operational costs[113] - The company may face reputational damage and additional costs related to environmental, social, and governance (ESG) expectations from investors[199] - Increased use of AI and automation by tenants may lead to unforeseen changes in space requirements, potentially impacting revenues and operating margins[124] - The company may struggle to compete effectively in a rapidly changing marketplace due to competitors' access to advanced technology[129]

Postal Realty Trust (PSTL) came out with quarterly funds from operations (FFO) of $0.35 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to FFO of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 29.63%. A quarter ago, it was expected that this company would post FFO of $0.26 per share when it actually produced FFO of $0.30, delivering a surprise of 15.38%.Over the last four quarters, the compa ...

Core Insights - Postal Realty Trust, Inc. announced a strong operational year for 2024, with an AFFO of $1.16 per share, representing an 8.4% increase from 2023, and provided 2025 AFFO guidance of $1.20 to $1.22 per diluted share [4][15] Financial Performance - For the year ended December 31, 2024, total revenues increased to $76.4 million from $63.7 million in 2023, driven by a 20% increase in rental income [28] - Net income attributable to common shareholders for 2024 was $6.6 million, or $0.21 per diluted share, compared to $3.7 million, or $0.12 per diluted share in 2023 [28] - The Company raised its quarterly dividend to $0.2425 per share, marking the seventh consecutive year of dividend increases [12] Property Portfolio & Acquisitions - The Company's portfolio was 99.6% occupied, consisting of 1,703 properties across 49 states and one territory, with a weighted average rental rate of $10.60 per leasable square foot [5] - In 2024, the Company acquired 197 properties for approximately $91 million at an average capitalization rate of 7.6% [6][7] Leasing Activity - As of February 14, 2025, the Company executed 89 new leases representing 95% of the aggregate 2023 expired rent and 119 new leases representing 99% of the aggregate 2024 expired rent, all subject to 3% annual rent escalations [7][8] Balance Sheet & Capital Markets - As of December 31, 2024, the Company had approximately $2.4 million in cash and property-related reserves, with net debt of approximately $296 million at a weighted average interest rate of 4.35% [9] - The Company amended its credit facilities to add $50 million in commitments to a term loan maturing in February 2028 [10] Subsequent Events - Subsequent to the quarter end, the Company acquired 18 properties for approximately $8.4 million and had another 14 properties under definitive contracts totaling approximately $8.9 million [13]

CEDARHURST, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 2,000 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that it will report its financial results for the period ended December 31, 2024, on Wednesday, February 26, 2025, after market close. Webcast and Call Information: ...

Core Points - Postal Realty Trust, Inc. has announced a quarterly dividend of $0.2425 per share, marking a 1.0% increase from the previous quarter's dividend [3] - The dividend will be payable on February 28, 2025, to stockholders of record as of February 14, 2025 [3] - The company has provided tax characteristics for its 2024 dividends, detailing the nature of cash dividends paid to Class A common stockholders [4] Dividend Details - The quarterly dividend for 2024 was consistently $0.2400 per share across four payments, with a total of $0.9600 for the year [4] - The breakdown of the 2024 dividends includes ordinary dividends of $0.6552, qualified dividends of $0.0088, and capital gain distributions totaling $0.2960 [4] Company Overview - Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,000 properties leased primarily to the United States Postal Service [6]