Postal Realty Trust, Inc. announced a strong operational year in 2024, driven by successful re-leasing with 3% annual rent escalations and 10-year lease terms. The company reported a fourth-quarter AFFO of $10.6 million and full-year AFFO of $33.7 million, an 8.4% increase from 2023. They also provided 2025 AFFO guidance of $1.20 to $1.22 per diluted share.
Acquired 63 USPS properties for approximately $30.7 million in Q4 2024.
Reported Q4 2024 net income attributable to common shareholders of $4.5 million, or $0.17 per diluted share.
Achieved Q4 2024 Adjusted Funds from Operations (AFFO) of $10.6 million, or $0.35 per diluted share.
Raised the quarterly dividend to $0.2425 per share, a 1.0% increase over Q4 2023.
The Company expects 2025 AFFO per share on a fully diluted basis to be within a range of $1.20 to $1.22, with an estimated investment volume of $80 million to $90 million and Cash G&A expense of $10.5 million to $11.0 million.
Analyze how earnings announcements historically affect stock price performance