earnings
confidence high
sentiment positive
materiality 0.75
Postal Realty Q2 AFFO $0.26; acquires 71 USPS properties; upsizes credit facilities
Postal Realty Trust, Inc.
2021-Q2 EPS reported
$0.04
revenue$18,393,000
- Q2 net income $671K ($0.04 diluted EPS); FFO $4.0M ($0.25/sh); AFFO $4.3M ($0.26/sh).
- Acquired 71 USPS properties for ~$30M; rental income up 70% YoY.
- Quarterly dividend raised 8.5% to $0.2225/sh ($0.89 annualized); 8th consecutive increase.
- Entered new $150M revolver + $50M term loan (maturities 2026/2027) replacing prior $150M facility.
- Post-quarter end, acquired 32 properties for ~$11M; 26 properties under contract for $7.6M.