Postal Realty Trust ( (PSTL) ) has released its Q1 earnings. Here is a breakdown of the information Postal Realty Trust presented to its investors.
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Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,100 properties leased primarily to the United States Postal Service (USPS), ranging from last-mile post offices to industrial facilities.
In its first quarter of 2025, Postal Realty Trust reported a 28% increase in revenues compared to the same period in 2024, and net income attributable to common shareholders reached $2.1 million. The company also announced the acquisition of 36 USPS properties for $15.8 million at a weighted average capitalization rate of 7.6%.
Key financial metrics for the quarter included Funds from Operations (FFO) of $8.4 million and Adjusted Funds from Operations (AFFO) of $9.8 million. The company also declared a quarterly dividend of $0.2425 per share. Postal Realty Trust’s portfolio was 99.8% occupied with a weighted average rental rate of $10.90 per leasable square foot.
Looking ahead, Postal Realty Trust remains focused on securing new lease agreements and expanding its property portfolio. The company anticipates continued growth supported by long-term leases and rent escalations, aiming for an acquisition volume between $80 million and $90 million for the year.