Postal Realty Trust

Postal Realty Trust, Inc. is an internally managed real estate corporation. It owns and manages properties leased to the United States Postal Service. The company was founded in 2004 and is headquartered in Cedarhurst, NY.

Earnings data Q1 2024

Postal Realty Trust (PSTL) reports strong Q1 performance and eyes growth opportunities with new renewals

Postal Realty Trust (PSTL) delivered a robust performance in Q1 2023, marked by successful property acquisitions, strong rent collection, and solid financial results. While the company faces challenges in managing debt and sustaining high retention rates, it also has opportunities for growth through planned acquisitions and potential renewals with the Postal Service.

Postal Realty Trust (PSTL) reports strong Q2 performance and outlines growth opportunities

Postal Realty Trust's Q2 2023 earnings call highlighted strong financial performance, proactive financial management, and opportunities for growth. However, challenges related to deal activity, cap rates, and lease expirations were also acknowledged, signaling the need for strategic navigation in these areas.

Postal Realty Trust reports robust Q3 performance and eyes acquisitions

Postal Realty Trust's Q3 earnings call showcased strong performance, high retention and occupancy rates, and prudent financial management. While the company faces potential challenges in lease negotiations and economic uncertainty, it also has opportunities for acquisitions and growth through equity financing and postal service investments.

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Postal Realty Trust, Inc. engages in owning and managing properties leased to the United States Postal Service. The company was founded in 2004 and is headquartered in Cedarhurst, NY.

CEDARHURST, N.Y., April 19, 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 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 March 31, 2024, on Tuesday, May 7, 2024, after market close.

Postal Realty Trust, Inc. to Report First Quarter 2024 Financial Results on May 7, 2024

Postal Realty Trust (PSTL) owns mission-critical properties leased to the USPS, representing 6% of the leased market. PSTL had a strong year with double-digit growth in FFO and revenue, and expects to continue acquiring properties in the future. The company's high payout ratio and slower dividend growth are concerns, but its solid balance sheet and current valuation make it a speculative buy.

Postal Realty Trust: Collect Steady Dividend Checks From The Mailman

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CEDARHURST, N.Y., March 05, 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 primarily to the United States Postal Service, ranging from last-mile post offices to industrial facilities, announced today that Andrew Spodek, Chief Executive Officer, Jeremy Garber, President, and Robert Klein, Chief Financial Officer, will present at the Sidoti Virtual Investor Conference on Wednesday, March 13, 2024, at 10:45 AM ET. A live webcast of the presentation will be available on the Investors section of Postal Realty's website Postal Realty Trust - Investors - Events & Presentations. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event. The Company will also host meetings with the investment community during the conference, which runs from Wednesday, March 13 to Thursday, March 14, 2024.

Postal Realty Trust to Present at Sidoti Virtual Investor Conference March 13

Postal Realty Trust, Inc. (PSTL) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Postal Realty Trust (PSTL) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Postal Realty Trust (PSTL) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Postal Realty Trust (PSTL) came out with quarterly funds from operations (FFO) of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to FFO of $0.28 per share a year ago.

Postal Realty Trust (PSTL) Q4 FFO and Revenues Surpass Estimates

- Acquired 75 USPS Properties for $20.7  Million in Fourth Quarter 2023 - - Net Income Attributable to Common Shareholders of $0.12 and Adjusted Funds from Operations of $1.07 Per Diluted Share for the Year Ended 2023 - - Raised Dividend Per Share for Fifth Consecutive Year - - Collected 100% of Contractual Rents -

Postal Realty Trust, Inc. Reports Fourth Quarter and Year End 2023 Results

CEDARHURST, N.Y., Feb. 12, 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 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 and year ended December 31, 2023, on Monday, February 26, 2024, after market close.

Postal Realty Trust, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on February 26, 2024

– Increases Quarterly Dividend to $0.24 Per Share – – Provides Tax Characteristics of 2023 Dividends – CEDARHURST, N.Y., Feb. 02, 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 postal properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company's Class A common stock in the amount of $0.24 per share.

Postal Realty Trust Declares Fourth Quarter 2023 Dividend

CEDARHURST, N.Y., Jan. 10, 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 postal properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, provided an update on its portfolio, collections, acquisitions, and capital markets activity for the fourth quarter of 2023. The Company also provided an update on its portfolio and balance sheet at year-end as well as on its acquisitions for the full year of 2023.

Postal Realty Trust, Inc. Provides Fourth Quarter and Full Year 2023 Update

Postal Realty Trust offers investors the opportunity to buy into mission-critical real estate leased to the U.S. Postal Service. PSTL benefits from high retention and occupancy rates, and mark-to-market opportunities on expiring leases in this inflationary environment. Despite potential risks, PSTL's strategic investments and prudent balance sheet management make it an attractive stock for reliable growth and income.

Postal Realty: Buy The Dip On This Mission-Critical REIT

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Postal Realty Trust (PSTL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Postal Realty Trust (PSTL) Upgraded to Strong Buy: What Does It Mean for the Stock?

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CEDARHURST, N.Y., Nov. 28, 2023 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL), an internally managed real estate investment trust that owns and manages over 1,800 properties leased primarily to the United States Postal Service, ranging from last-mile post offices to industrial facilities, announced today that Andrew Spodek, Chief Executive Officer, and Robert Klein, Chief Financial Officer, will participate in the 2023 Jefferies Real Estate Conference in Miami Beach, Florida. Postal Realty Management will host meetings with the investment community during the conference, which runs from Monday, December 4, 2023 through Tuesday, December 5, 2023.

Postal Realty to Participate in Jefferies Real Estate Conference

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CEDARHURST, N.Y., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL), an internally managed real estate investment trust that owns and manages over 1,800 properties leased primarily to the United States Postal Service, ranging from last-mile post offices to industrial facilities, announced today that Andrew Spodek, Chief Executive Officer, and Robert Klein, Chief Financial Officer, will attend Nareit's REITworld: 2023 Annual Conference in Los Angeles, California. PSTL Management will host meetings with the investment community during the conference, which runs from Tuesday, November 14, 2023 through Wednesday, November 15, 2023.

Postal Realty to Present at Nareit's REITworld 2023

Postal Realty Trust, Inc. (NYSE:PSTL ) Q3 2023 Earnings Conference Call November 1, 2023 9:00 AM ET Company Participants Jordan Cooperstein - Vice President of FP&A Capital Markets Andrew Spodek - Chief Executive Officer Jeremy Garber - President Robert Klein - Chief Financial Officer Matt Brandwein - Senior Vice President and Chief Accounting Officer Conference Call Participants Eric Borden - BMO Capital Markets Robert Stevenson - Janney Montgomery Scott Ki Bin Kim - Truist Securities Jonathan Petersen - Jefferies Anthony Paolone - JPMorgan Operator Greetings, and welcome to Postal Realty Trust Third Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode.

Postal Realty Trust, Inc. (PSTL) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Postal Realty Trust (PSTL) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Postal Realty Trust (PSTL) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Postal Realty Trust (PSTL) came out with quarterly funds from operations (FFO) of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to FFO of $0.26 per share a year ago.

Postal Realty Trust (PSTL) Surpasses Q3 FFO and Revenue Estimates

- Acquired 70 USPS Properties for $24.2  Million - - 100% of Debt Set to Fixed Rates - - Collected 100% of Contractual Rents -

Postal Realty Trust, Inc. Reports Third Quarter 2023 Results

Postal Realty Trust offers a unique opportunity for investors seeking a recession-resistant and inflation-protected income stream. PSTL stock has underperformed due to market concerns about high interest rates, but PSTL offers a durable income stream with high retention and inflation protection. PSTL has opportunities for rent increases, demonstrated growth, and a strong liquidity position, making it an attractive investment option with long-term value at its discounted price.

Postal Realty: Take Delivery Of This 7.2% Yield On The Cheap

CEDARHURST, N.Y., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,800 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to larger industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company's Class A common stock in the amount of $0.2375 per share. This represents a 1.1% increase from the third quarter 2022 dividend. The dividend will be payable on November 30, 2023 to stockholders of record as of the close of business on November 1, 2023.

Postal Realty Trust Declares Third Quarter 2023 Dividend

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News for Postal Realty Trust Stock (PSTL)