other material
confidence high
sentiment positive
materiality 0.55
Postal Realty Q2: 100% rent, 71 properties for $30M, portfolio 100% occupied
Postal Realty Trust, Inc.
- Collected 100% of rents in Q2 2021; portfolio 100% occupied as of June 30, 2021.
- Acquired 71 properties for ~$30M in Q2; YTD acquired 125 properties for ~$56M.
- Weighted average portfolio rental rate $8.68/sq ft; expanded geographic reach to 50 states with Hawaii acquisition.
- Definitive agreements to acquire 40 properties for ~$16M, expected to close by Q3 2021.
- Issued 319,702 shares via ATM at avg $20.02 for net proceeds ~$6M; also issued 481,517 OP units.