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Postal Realty Trust, Inc. Reports Third Quarter 2025 Results
Globenewswire· 2025-11-04 21:05
Core Insights - The company increased its 2025 Adjusted Funds from Operations (AFFO) guidance by $0.06 to a range of $1.30 to $1.32 per diluted share [1][16] - The company amended, extended, and expanded its unsecured credit facilities to $440 million [1][10] - The U.S. Postal Service operations remain unaffected by the government shutdown [1] - The company acquired 47 USPS properties for $42.3 million at a weighted average capitalization rate of 7.7% [1][5] - The company raised $26.0 million from its ATM program during Q3 to fund acquisitions [1] Financial Performance - The company reported a 24% growth in revenues from Q3 2024 to Q3 2025 [8] - Net income attributable to common shareholders was $3.8 million, or $0.13 per diluted share [8] - Funds from Operations (FFO) for the quarter were $11.0 million, or $0.34 per diluted share [8] - Adjusted Funds from Operations (AFFO) were $10.8 million, or $0.33 per diluted share [8] Property Portfolio & Acquisitions - The company's owned portfolio was 99.8% occupied, consisting of 1,853 properties across 49 states and one territory, with approximately 6.9 million net leasable interior square feet [4] - The weighted average rental rate was $11.62 per leasable square foot, with $13.81 for last-mile and flex properties, and $4.23 for industrial properties [4] - The company acquired 47 last-mile and flex properties leased to the USPS for $42.3 million, with a weighted average rental rate of $21.59 per leasable square foot [5] Leasing Activity - As of October 17, 2025, the company executed 196 new leases with the USPS for leases that expired or were scheduled to expire in 2025 [6] - The total lump sum catch-up payment received from the USPS was approximately $0.3 million for leases executed during Q3 2025 [6] Balance Sheet & Capital Markets - The company closed on the recast of its credit facilities, expanding commitments to $440 million and extending maturity dates [7][10] - As of September 30, 2025, the company had approximately $2.3 million in cash and property-related reserves, and approximately $347 million in net debt with a weighted average interest rate of 4.37% [12] - 93% of the company's outstanding debt was set to fixed rates, and $125 million of the revolving credit facility was undrawn [12] Dividend Announcement - The company announced a quarterly dividend of $0.2425 per share, equating to $0.97 per share on an annualized basis, to be paid on November 28, 2025 [14]
Postal Realty Trust Declares Third Quarter 2025 Dividend
Globenewswire· 2025-10-22 20:10
Core Points - Postal Realty Trust, Inc. announced a quarterly dividend of $0.2425 per share on its Class A common stock, marking a 1.0% increase from the previous quarter's dividend [1] - The dividend is scheduled to be paid on November 28, 2025, to stockholders of record as of November 4, 2025 [1] Company Overview - Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,200 properties primarily leased to the United States Postal Service (USPS) [2]
Postal Realty Trust, Inc. Reports Second Quarter 2025 Results
GlobeNewswire News Room· 2025-08-04 21:20
Core Insights - Postal Realty Trust, Inc. has increased its 2025 Adjusted Funds from Operations (AFFO) guidance by $0.04 to a range of $1.24 to $1.26 per diluted share [1][13] - The company acquired 68 properties leased to the USPS for approximately $35.9 million at a weighted average capitalization rate of 7.8% [1][5] - The company raised $12.8 million from its at-the-market (ATM) equity offering program during the second quarter to fund acquisitions [1] Financial Performance - The company reported a 29% growth in revenues from the second quarter of 2024 to the second quarter of 2025, with total revenues of $23.4 million [10] - Net income attributable to common shareholders was $3.6 million, or $0.12 per diluted share [10] - Funds from Operations (FFO) for the quarter were $10.8 million, or $0.35 per diluted share, while Adjusted Funds from Operations (AFFO) were $10.4 million, or $0.33 per diluted share [10][27] Property Portfolio & Acquisitions - The company's owned portfolio was 99.8% occupied, consisting of 1,806 properties across 49 states and one territory, with approximately 6.8 million net leasable interior square feet [4] - The weighted average rental rate for the portfolio was $11.11 per leasable square foot, with $13.24 for last-mile and flex properties and $4.14 for industrial properties [4] - In addition to the 68 properties acquired, the company announced the acquisition of 23 more properties for approximately $8.4 million subsequent to the quarter end [12] Leasing Activity - As of July 18, 2025, the company received 161 fully executed new leases from the USPS for leases expiring in 2025, with a total lump sum catch-up payment of approximately $0.2 million [6] Balance Sheet & Capital Markets - As of June 30, 2025, the company had approximately $2.0 million in cash and property-related reserves, with net debt of approximately $328 million at a weighted average interest rate of 4.51% [7] - 86% of the company's outstanding debt was at fixed rates, and $104 million of its revolving credit facility was undrawn [7] Dividend Announcement - The company announced a quarterly dividend of $0.2425 per share, equating to an annualized rate of $0.97 per share, payable on August 29, 2025 [11]
Postal Realty Trust Declares Second Quarter 2025 Dividend
Globenewswire· 2025-07-21 20:05
Core Points - Postal Realty Trust, Inc. announced a quarterly dividend of $0.2425 per share, marking a 1.0% increase from the previous quarter's dividend [1] - The dividend is scheduled to be paid on August 29, 2025, to stockholders of record as of July 31, 2025 [1] Company Overview - Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,150 properties primarily leased to the United States Postal Service (USPS) [2]
Postal Realty Trust, Inc. to Report First Quarter 2025 Financial Results on April 30, 2025
Newsfilter· 2025-04-21 20:10
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]