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Sep 30, 2021
Postal Realty Trust Q3 2021 Earnings Report
Reported third quarter results with significant rental income growth and strategic acquisitions.
Key Takeaways
Postal Realty Trust reported a strong third quarter, marked by a 70% increase in rental income compared to the same period last year and the acquisition of 59 USPS properties for $19.2 million. The company also raised its quarterly dividend for the ninth consecutive quarter and entered into a new $150 million senior unsecured revolving credit facility and a $50 million senior unsecured term loan.
Completed acquisitions of 59 properties for approximately $19.2 million.
Experienced 70% growth in rental income compared to the third quarter of 2020.
Net income attributable to common shareholders was $0.5 million, or $0.03 per diluted share.
Raised quarterly dividend by approximately 4.7% from the prior year to $0.2250 per share.
Forward Guidance
Company expects to continue expanding its portfolio in the coming years through the addition of last mile, flex and industrial USPS properties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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