secwatch.observer — SEC 8-K summary
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Issuer:     Postal Realty Trust, Inc. (PSTL)
CIK:        0001759774
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001628280-23-028252
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Postal Realty Q2 net income $1.0M; AFFO $0.27/share; acquires $15.8M USPS properties
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- Net income $1.0M ($0.03 diluted EPS); FFO $6.0M ($0.24/diluted); AFFO $6.8M ($0.27/diluted).
- Revenue grew 21% YoY; portfolio 99.7% occupied with 1,364 properties leased to USPS.
- Acquired 39 USPS properties for $15.8M in Q2; subsequent to quarter end, acquired 11 more for $5.3M.
- Increased ATM offering capacity from $50M to $150M; issued 780,222 shares for $11.7M in Q2.
- Quarterly dividend $0.2375 per share ($0.95 annualized); 100% debt fixed rate at 3.95% as of Aug 2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759774/000162828023028252/0001628280-23-028252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759774/000162828023028252/pstl-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028252

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