Postal Realty Trust(US:PSTL)2024-11-05 17:41Company Overview - As of September 30, 2024, Postal Realty Trust (PSTL) owned 1,642 properties across 49 states and one territory, totaling approximately 63 million net leasable interior square feet[7] - Subsequent to quarter-end and through October 21, 2024, PSTL closed on thirteen additional properties comprising approximately 29,000 net leasable interior square feet[7] Financial Performance (Q3 2024) - Net income attributable to common stockholders was $1071 thousand, or $003 per share[9] - Funds From Operations (FFO) totaled $7078 thousand, or $024 per share on a fully diluted basis[9] - Adjusted Funds From Operations (AFFO) reached $8757 thousand, or $030 per share on a fully diluted basis[9] - Net Operating Income (NOI) amounted to $14688 thousand[9] Debt and Capitalization (Q3 2024) - Total equity market capitalization (fully diluted) was $432919 thousand[10] - Net debt stood at $276831 thousand[10] - Enterprise value was $709750 thousand[10] - Net debt to enterprise value ratio was 390%[10] Portfolio Composition (as of October 21, 2024) - Annualized total owned cash base rent was $63927 thousand[10] - Total owned square footage was 6295 thousand[10] - Weighted average rent per square foot was $1019[10] - Total owned property count was 1,653[10] Lease Expiration Schedule (as of October 21, 2024) - Leases expiring in 2024 account for 24 leases, 550,599 square feet, and $2,978,052 in annual rent, representing 47% of total rent[42] - Leases expiring in 2025 account for 245 leases, 675,670 square feet, and $7,788,611 in annual rent, representing 122% of total rent[42]