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Sep 30, 2020
Postal Realty Trust Q3 2020 Earnings Report
Reported third quarter results, acquiring 123 USPS properties and increasing rental income.
Key Takeaways
Postal Realty Trust reported a successful third quarter, acquiring 123 USPS properties for $27.6 million and increasing rental income by 13.6% quarter-over-quarter. The company's portfolio is 100% occupied and they have received 100% of its rents. They also raised the dividend for the third time in 2020, increasing it by 5% compared to the prior quarter.
Acquired 123 USPS properties for $27.6 million during the quarter.
Increased rental income 13.6% quarter-over-quarter.
Raised dividend for the third time in 2020 and over 54% in the past year.
Executed agreements to acquire $10.1 million in postal properties.
Forward Guidance
Postal Realty Trust anticipates reaching its $100 million target for acquisitions in 2020 within its stated average cap rate range of 7-9%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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