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Sep 30, 2024
Postal Realty Trust Q3 2024 Earnings Report
Reported solid results with progress on re-leasing and capital raising.
Key Takeaways
Postal Realty Trust reported solid Q3 2024 results, marked by progress in re-leasing efforts and successful capital raising. The company acquired 35 USPS properties for $13.3 million and saw 21% of its portfolio benefit from rent escalations. Subsequent to quarter end, they increased term loan commitments by $50 million.
Agreed to new rents on all 2023 & 2024 negotiated leases.
Increased term loan commitments by $50 million.
Acquired 35 USPS properties for $13.3 million at a weighted average capitalization rate of 7.5%.
The Company’s owned portfolio was 99.6% occupied, comprised of 1,642 properties across 49 states and one territory.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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