Portfolio and Acquisitions - As of September 30, 2024, Postal Realty Trust acquired 134 properties leased to the USPS for approximately $61.4 million, increasing its portfolio to 1,642 owned properties[155]. - The company acquired 13 properties for an aggregate of approximately $4.2 million after September 30, 2024[227]. Financial Performance - Rental income increased by $3.4 million to $18.8 million for the three months ended September 30, 2024, representing a 21.6% increase compared to $15.4 million for the same period in 2023[179]. - Total revenues for the three months ended September 30, 2024, were $19.7 million, an increase of $3.6 million or 22.1% from $16.1 million in the prior year[179]. - For the nine months ended September 30, 2024, rental income reached $52.7 million, an increase of $8.0 million or 18.0% from $44.7 million in the same period of 2023[191]. - Total revenues for the nine months ended September 30, 2024, were $55.0 million, up $8.3 million or 17.8% from $46.7 million in the prior year[190]. - Net income for the three months ended September 30, 2024, was $1.3 million, a decrease of $0.1 million or 6.1% from $1.4 million in the prior year[179]. Expenses and Costs - General and administrative expenses increased by $0.5 million to $3.9 million for the three months ended September 30, 2024, a rise of 15.9% from $3.4 million in the previous year[184]. - General and administrative expenses increased by $1.0 million to $12.1 million for the nine months ended September 30, 2024, from $11.1 million for the same period in 2023[195]. - Property operating expenses increased by $2.0 million to $7.0 million for the nine months ended September 30, 2024, reflecting a 41.4% increase from $5.0 million in the same period of 2023[194]. - Total interest expense, net, rose to $3.4 million for the three months ended September 30, 2024, compared to $2.6 million for the same period in 2023, marking a 30.5% increase[188]. - Total interest expense increased to $9.3 million for the nine months ended September 30, 2024, up from $7.3 million for the same period in 2023, primarily due to additional borrowings and increased interest rates[199]. Operational Challenges - The USPS is facing financial and operational challenges that could impact its ability to meet leasing obligations, which may adversely affect Postal Realty Trust's business[165]. - The company anticipates renewing leases that have expired, but there is no guarantee of success, which could impact occupancy and rental income[178]. Debt and Liquidity - As of September 30, 2024, the company had approximately $278.3 million of outstanding consolidated principal indebtedness[214]. - The company had $244.0 million of aggregate principal amount outstanding under its Credit Facilities as of September 30, 2024[205]. - The company expects to meet its short-term liquidity requirements through net cash provided by operations, cash, borrowings under Credit Facilities, and potential issuance of securities[209]. - As of September 30, 2024, total indebtedness was approximately $278.3 million, with $244.0 million in variable-rate debt and $34.3 million in fixed-rate debt[230]. Cash Flow and Dividends - Net cash provided by operating activities increased by $3.0 million to $24.3 million for the nine months ended September 30, 2024, compared to $21.3 million for the same period in 2023[201]. - Cash dividends paid were $0.24 per share for Q3 2024 and $0.72 per share for the nine months ended September 30, 2024[225]. Interest Rate Management - As of September 30, 2024, the company had seven interest rate swaps with a total notional amount of $200.0 million to manage interest rate risk[208]. - If the one-month Adjusted Term SOFR changes by 1.0%, cash flows would increase or decrease by approximately $0.4 million on an annualized basis[230]. - Approximately $200.0 million of the variable-rate debt is related to Term Loans, which have been fixed through Interest Rate Swaps[230]. - The company manages market risk on variable-rate debt through interest rate swaps and may consider using interest cap agreements in the future[231]. Company Structure and Classification - The company is classified as an "emerging growth company," allowing it to take advantage of certain reporting exemptions under the JOBS Act[161]. - The company is required to pay dividends at least equal to 90% of its REIT taxable income to maintain its REIT status[225].

- Agreed to New Rents on all 2023 & 2024 Negotiated Leases -- Increased Term Loan Commitments by $50 Million -- Acquired 35 USPS Properties for $13.3 Million at a Weighted Average Capitalization Rate of 7.5% - CEDARHURST, N.Y., Nov. 04, 2024 (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 offi ...

Exhibit 99.1 - Agreed to New Rents on all 2023 & 2024 Negotiated Leases - - Increased Term Loan Commitments by $50 Million - - Acquired 35 USPS Properties for $13.3 Million at a Weighted Average Capitalization Rate of 7.5% - Cedarhurst, New York, November 4, 2024 (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 fro ...

Compounding Chef combines a business education background with professional experience in a variety of industries to find opportunities across the investing universe including… Media, Marketing, and Public Relations Travel, Tourism, Hospitality, Corporate Events, and Software as a Service. I have been managing the growth of personal and family assets for 15 years with the goal of building wealth that compounds for multiple generations. While I occasionally find short term opportunities in undervalued assets ...

CEDARHURST, N.Y., Oct. 24, 2024 (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 September 30, 2024, on Monday, November 4, 2024, after market close. Webcast and Call Information: Th ...

CEDARHURST, N.Y., Oct. 22, 2024 (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 its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.24 per share. This represents a 1.1% increas ...

CEDARHURST, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the "Company"), an internally managed real estate investment trust that owns and manages over 1,950 properties leased primarily to the United States Postal Service (the "USPS"), ranging from last-mile post offices to industrial facilities, announced today an update on its ongoing lease negotiations with the USPS. Leasing Update Agreed to new rents on all expired 2023 leases and the majority of the expired and schedu ...

traveler1116/E+ via Getty Images It helps to have a portfolio of mission-critical properties that can stand the test of time. While cell tower REITs like American Tower (AMT) and Crown Castle Inc. (CCI) or even gaming REIT VICI Properties (VICI) may come to mind, postal properties should also be near the top of the list. This brings me to Postal Realty Trust (NYSE:PSTL), which I last covered in January, highlighting its strategic property portfolio, quality fundamentals, and undervaluation. While the stock ...

Kelvin Murray/DigitalVision via Getty Images A few days ago, I wrote on Realty Income (O) and Agree Realty (ADC), two of the most popular net lease REITs. As I explained, At times, it seemed to me that every second article and piece we worked on had some connection to Realty Income, Agree Realty, or both of them. It's true, these two net lease REITs seem to be the most popular names in the net lease REIT sector. There's also VICI Properties (VICI), a gaming REIT that's also highly followed, as I explained i ...

Postal Realty Trust Inc (NYSE:PSTL) Q2 2024 Results Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Jordan Cooperstein - Vice President, FP&A, Capital Markets Andrew Spodek - Chief Executive Officer Jeremy Garber - President Robert Klein - Chief Financial Officer Conference Call Participants Eric Borden - BMO Capital Markets Nahom Tesfazghi - JPMorgan Chase & Co. Steven Dumanski - Janney Montgomery Scott Operator Greetings and welcome to the Postal Realty Trust Second Quarter 2024 Ea ...