secwatch.observer — SEC 8-K summary
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Issuer:     Postal Realty Trust, Inc. (PSTL)
CIK:        0001759774
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001213900-25-002829
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Postal Realty Trust reports 2024 acquisitions of $91M, 99.6% occupancy, new leases with 3% annual escalations
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- Acquired 197 properties in 2024 for ~$91M (excl. closing costs) at a weighted avg cap rate of 7.6%.
- Q4 2024: acquired 63 properties for $30.7M at 7.5% cap rate; owned portfolio 99.6% occupied with 1,703 properties across 49 states.
- Received 88 new leases covering 85% of 2023 expired rent and 118 leases covering 95% of 2024 expired rent; 9% of leases ten-year, 27% have 3% annual escalations.
- Drew $10M on term loan, fixed rate at 5.55% via swap; 95% of debt fixed; $136M undrawn on revolver as of Dec 31, 2024.
- Issued 185,445 shares via ATM at avg $14.57; fully diluted shares 29,924,517 as of Dec 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759774/000121390025002829/0001213900-25-002829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759774/000121390025002829/ea0227469-8k_postal.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-002829

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