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Jun 30, 2021
Postal Realty Trust Q2 2021 Earnings Report
Reported strong results driven by consistent in-place rent and growth realized through the acquisition platform.
Key Takeaways
Postal Realty Trust reported strong second quarter results, marked by strategic acquisitions and a strengthened capital structure. The company acquired 71 USPS properties for $30 million and expanded its geographic reach to 50 states. They also entered into new unsecured credit facilities to bolster future growth and enhance financial flexibility.
Acquired 71 USPS properties for $30 million during the quarter.
Increased the dividend for the eighth consecutive quarter.
Entered into new upsized unsecured credit facilities.
Portfolio is 100% occupied across 49 states.
Forward Guidance
Postal Realty Trust is in a favorable position to accretively add additional industrial, flex and last mile USPS properties to grow its portfolio and cash flow.
Positive Outlook
- Opportunity to add industrial, flex and last mile USPS properties.
- Potential to grow the portfolio.
- Opportunity to grow cash flow.
- Expansion into Hawaii.
- Strengthened capital structure.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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