earnings
confidence high
sentiment positive
materiality 0.65
Postal Realty Trust reports FY2022 AFFO $1.01/share; acquired 320 USPS properties for $123M
Postal Realty Trust, Inc.
2022-FY EPS reported
$0.15
revenue$53,330,000
- Net income attributable to common shareholders $3.9M ($0.15 diluted EPS); FFO $22.4M ($0.96); AFFO $23.5M ($1.01).
- Rental income up 33% YoY; acquired 320 properties for $123M in 2022, including 54 for $20.2M in Q4.
- Quarterly dividend raised ~4.4% to $0.2375/share ($0.95 annualized), 14th consecutive increase since IPO.
- Collected 100% of contractual rents; portfolio 99.7% occupied with 1,286 properties across 49 states.
- No floating-rate debt; $150M revolver undrawn; net debt $196.2M at 3.74% weighted avg interest rate.