Postal Realty Trust

May 11, 2021

•

Mar 31, 2021

Postal Realty Trust Q1 2021 Earnings Report

Reported a strong start to 2021 with lease renewals, property acquisitions, and a strengthened balance sheet.

Key Takeaways

Postal Realty Trust reported its Q1 2021 results, highlighting the acquisition of 54 USPS properties for $25.8 million, maintained 100% rent collection and occupancy, and strengthened its capital structure. The company also executed early renewal notice for 135 properties.

Acquired 54 USPS properties for $25.8 million.

Collected 100% of rents and maintained 100% occupancy.

Executed an early renewal notice for 135 properties.

Raised approximately $57.0 million in gross proceeds from the sale of approximately 3.7 million shares of its Class A common stock.