Postal Realty Trust(US:PSTL)2025-11-04 21:18Financial Performance - Increased 2025 AFFO guidance by $0.06 to a range of $1.30 to $1.32 per diluted share[1] - Revenue growth of 24% from Q3 2024 to Q3 2025[5] - Net income attributable to common shareholders was $3.8 million, or $0.13 per diluted share[5] - Funds from Operations (FFO) of $11.0 million, or $0.34 per diluted share[5] - Adjusted Funds from Operations (AFFO) of $10.8 million, or $0.33 per diluted share[5] - Total revenues for the three months ended September 30, 2025, were $24,326,000, an increase of 23.4% compared to $19,667,000 for the same period in 2024[31] - Net income attributable to common stockholders for the three months ended September 30, 2025, was $3,810,000, compared to $1,071,000 for the same period in 2024, representing a 254.3% increase[31] - Funds from Operations (FFO) for the three months ended September 30, 2025, were $10,964,000, with FFO per common share of $0.34[36] - Adjusted Funds from Operations (AFFO) for the three months ended September 30, 2025, were $10,765,000, with AFFO per common share of $0.33[36] - The company experienced a net income before income tax expense of $4,889,000 for the three months ended September 30, 2025, compared to $1,378,000 for the same period in 2024[31] Property and Asset Management - Company acquired 47 USPS properties for $42.3 million at a weighted average capitalization rate of 7.7%[5] - Property portfolio was 99.8% occupied, with a weighted average rental rate of $11.62 per leasable square foot[4] - The company owns and manages over 2,200 properties leased primarily to the USPS, reflecting its strong market position[28] Financial Position - As of September 30, 2025, net debt was approximately $347 million with a weighted average interest rate of 4.37%[12] - Total assets as of September 30, 2025, were $735,190,000, an increase from $646,818,000 as of December 31, 2024[34] - Total liabilities as of September 30, 2025, were $386,713,000, compared to $329,320,000 as of December 31, 2024, indicating a 17.4% increase[34] - Cash and cash equivalents as of September 30, 2025, were $1,902,000, slightly up from $1,799,000 as of December 31, 2024[34] Capital and Dividend - Company raised $26.0 million from ATM program during Q3 to fund acquisitions[1] - Quarterly dividend announced at $0.2425 per share, equating to $0.97 on an annualized basis[14] - The company reported a total of 24,627,866 weighted average common shares outstanding for the three months ended September 30, 2025[31]