Postal Realty Trust(US:PSTL)2021-03-24 03:41Company Overview - Postal Realty Trust believes it is the nation's largest owner and manager of properties leased to the USPS[6] - The company has deployed $212 million into 505 postal properties since its IPO[6] - The company owns 775 postal properties in 47 states[6,10] - The company manages 399 additional postal properties[6] - The weighted average lease renewal rate between 2010 and 2020 is 980%[6,16] - 967% of the company's revenue is from the U S Government independent agency tenant[6] Portfolio Growth - Since its IPO, the company has grown its property count from 270 to 775, an increase of 187%[7,8] - The company's square footage has grown from 871843 to 3338646, an increase of 283%[6,8] - The company's annualized rental income has grown from $8348003 to $28559318, an increase of 242%[8,12] - The company's dividend has grown by 55% since initiation[7,8] Lease Information - The company's historical weighted average lease retention rate is 980% from 2010 to 2020[6,16] - 40% of the company's total rent comes from leases expiring "Thereafter" (after 2025), totaling $11124964[19]