Postal Realty Trust ( (PSTL) ) has released its Q4 earnings. Here is a breakdown of the information Postal Realty Trust presented to its investors.
Postal Realty Trust, Inc. is an internally managed real estate investment trust that specializes in owning and managing properties leased primarily to the United States Postal Service, including last-mile post offices and industrial facilities.
In its latest earnings report, Postal Realty Trust announced strong financial results for the year ending December 31, 2024, highlighting significant acquisitions and a consistent increase in rental income. The company also introduced its 2025 AFFO guidance, projecting a range of $1.20 to $1.22 per diluted share.
Key financial highlights include a 20% increase in rental income from 2023 to 2024, with net income attributable to common shareholders reaching $6.6 million, or $0.21 per diluted share. The company acquired 197 properties for approximately $91 million throughout the year and successfully executed new leases with 3% annual rent escalations and ten-year terms. Postal Realty Trust also raised its dividend per share for the seventh consecutive year.
The company’s portfolio remains robust, with a 99.6% occupancy rate across 1,703 properties. The strategic financial maneuvers, including adding $50 million to its term loan and increasing its credit facilities, position Postal Realty Trust for continued growth. The company also announced a stock repurchase program, allowing for the acquisition of up to $25 million in shares.
Looking ahead, Postal Realty Trust is optimistic about its growth prospects, supported by its strong partnership with the USPS and strategic financial planning. The company remains focused on internal and external growth opportunities, aiming to maintain its positive trajectory in the coming year.