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Dec 31, 2021
Postal Realty Trust Q4 2021 Earnings Report
Reported fourth quarter and year end results, highlighted by acquisitions and dividend increase.
Key Takeaways
Postal Realty Trust reported a strong fourth quarter and year-end for 2021, marked by significant acquisitions of USPS properties and a continued increase in dividends. The company acquired 55 USPS properties during the quarter for $42.8 million and raised approximately $83.1 million through the sale of Class A common stock.
Acquired 55 USPS properties for approximately $42.8 million in Q4 2021.
Rental income increased 49% compared to Q4 2020.
Net income attributable to common shareholders was $0.8 million, or $0.04 per diluted share.
Raised approximately $83.1 million in gross proceeds from the sale of approximately 4.9 million shares of Class A common stock.
Forward Guidance
The company will continue to invest in its platform to support its efforts to more effectively scale the business and maximize long-term value for shareholders.
Positive Outlook
- Continuing to invest in platform to support scaling the business.
- Positioned as a leading consolidator in the industry.
- Taking advantage of a large, fragmented logistics network.
- Building out pipeline of opportunities.
- Aiming to maximize long-term value for shareholders.
Challenges Ahead
- USPS terminations or non-renewals of leases.
- Changes in demand for postal services delivered by the USPS.
- The solvency and financial health of the USPS.
- Disruption in market, economic and financial conditions as a result of the ongoing COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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