Postal Realty Trust(PSTL)
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Postal Realty Trust (PSTL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-07 00:31
Postal Realty Trust (PSTL) reported $18.05 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 16.8%. EPS of $0.26 for the same period compares to $0.03 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $17.78 million, representing a surprise of +1.55%. The company delivered an EPS surprise of +4.00%, with the consensus EPS estimate being $0.25. While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...
Postal Realty Trust, Inc. Reports Second Quarter 2024 Results
GlobeNewswire News Room· 2024-08-06 20:05
- Acquired 70 USPS Properties for $28.3 Million - - Acquired at a Weighted Average Capitalization Rate of 7.6% - - Collected 100% of Contractual Rents - CEDARHURST, N.Y., Aug. 06, 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, today announced results for ...
Postal Realty Trust, Inc. to Report Second Quarter 2024 Financial Results on August 6, 2024
Newsfilter· 2024-07-24 11:30
Company Overview - Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,950 properties leased primarily to the United States Postal Service (USPS), including last-mile post offices and industrial facilities [3][4]. Financial Results Announcement - The Company will report its financial results for the period ended June 30, 2024, on Tuesday, August 6, 2024, after market close [4]. - A webcast and conference call to discuss the second quarter 2024 financial results will be held on the same day at 4:30 P.M. Eastern Time [1][4]. Call Participation Details - Callers from the United States and Canada should dial in ten minutes prior to the scheduled call time at 1-844-825-9789, while international callers should dial 1-412-317-5180 [1]. - A telephonic replay of the call will be available starting at 8:30 P.M. Eastern Time on August 6, 2024, through 11:59 P.M. Eastern Time on August 20, 2024 [2].
Postal Realty Trust, Inc. to Report Second Quarter 2024 Financial Results on August 6, 2024
GlobeNewswire News Room· 2024-07-24 11:30
CEDARHURST, N.Y., July 24, 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 that it will report its financial results for the period ended June 30, 2024, on Tuesday, August 6, 2024, after market close. Webcast and Call Information: The Comp ...
Postal Realty Trust: A Steady Dividend Payer, Yielding Over 7%
Seeking Alpha· 2024-07-09 12:00
Core Viewpoint - Postal Realty Trust (PSTL) is currently undervalued despite its strong dividend yield of over 7% and stable cash flows from leasing to the U.S. Postal Service (USPS) [3][4][9] Company Overview - PSTL holds approximately 6% of the leased market in the postal property industry, significantly outpacing the next 20 largest owners who collectively hold 11% [2] - As the only publicly traded operator in this niche market, PSTL is well-positioned to capture additional market share in the future [2] Financial Performance - PSTL has maintained a near 100% occupancy rate since its IPO, with a historical average lease retention rate that supports its stable cash flows [5][14] - The company has a conservative debt profile, with 94% of its debt being fixed rate and no significant debt maturities until 2027 [7][17] Dividend Information - PSTL has a history of reliable dividend payments, having previously increased its payout quarterly, though it now increases annually [8][18] - The dividend payout ratio is approximately 96%, which is higher than the sector average of 75% [18] Market Position and Valuation - PSTL's shares are currently trading at a cap rate of about 8.2%, while the company expects to acquire properties at a cap rate of 7.5% or above [7][20] - The stock is viewed as a "buy" due to its competitive moat, cash flow strength, and stable dividend payout, with a fair price estimated at $15.75 per share, indicating a potential upside of 16% from current levels [20]
Postal Realty to Present at Nareit's REITweek 2024
Newsfilter· 2024-05-16 16:24
Core Viewpoint - Postal Realty Trust, Inc. will present at Nareit's REITweek: 2024 Investor Conference on June 4, 2024, at 9:30 AM ET, highlighting its focus on properties leased to the USPS [1] Group 1 - Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,900 properties primarily leased to the United States Postal Service [2] - The properties range from last-mile post offices to industrial facilities, indicating a diverse portfolio [1][2] - A live audio webcast of the presentation will be available on the company's website, with a replay accessible shortly after the event [1]
Postal Realty to Present at Nareit's REITweek 2024
globenewswire.com· 2024-05-16 16:24
Core Viewpoint - Postal Realty Trust, Inc. is actively engaging with the investment community by participating in the Nareit's REITweek: 2024 Investor Conference, showcasing its strategic focus on properties leased to the USPS [1] Company Overview - Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,900 properties primarily leased to the United States Postal Service [2] - The properties range from last-mile post offices to industrial facilities, indicating a diverse portfolio within the real estate sector [1][2] Upcoming Events - The company's executives, including the CEO, President, and CFO, will present at the Nareit's REITweek: 2024 Investor Conference on June 4, 2024, at 9:30 AM ET [1] - A live audio webcast of the presentation will be available on the company's website, with a replay accessible shortly after the event for those unable to attend live [1] - The conference will take place from June 3 to June 6, 2024, providing opportunities for the company to meet with the investment community [1]
Postal Realty Trust(PSTL) - 2024 Q1 - Earnings Call Transcript
2024-05-08 15:57
Postal Realty Trust Inc (NYSE:PSTL) Q1 2024 Results Conference Call May 8, 2024 9:00 AM ET Company Participants Jordan Cooperstein - IR Andrew Spodek - CEO Jeremy Garber - President Robert Klein - CFO Conference Call Participants Anthony Paolone - JP Morgan Stephen Dumanski - Janney Montgomery Scott Jon Petersen - Jefferies Operator Ladies and gentlemen, greetings and welcome to the Postal Realty Trust First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A q ...
Postal Realty Trust(PSTL) - 2024 Q1 - Quarterly Report
2024-05-07 21:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-38903 POSTAL REALTY TRUST, INC. (Exact name of registrant as specified in its charter) | Maryland | 83-2586114 ...
Postal Realty Trust(PSTL) - 2024 Q1 - Quarterly Results
2024-05-07 21:11
Exhibit 99.1 POSTAL REALTY TRUST, INC. REPORTS FIRST QUARTER 2024 RESULTS - Acquired 29 USPS Properties for $18.5 Million - - Acquired at a Weighted Average Capitalization Rate of 7.8% - - Raised $14 Million from ATM Program & OP Units to Fund Acquisitions - - Collected 100% of Contractual Rents - Cedarhurst, New York, May 7, 2024 (GLOBE NEWSWIRE) — Postal Realty Trust, Inc. (NYSE: PSTL) (the "Company"), an internally managed real estate investment trust that owns and manages over 1,900 properties leased pr ...