Postal Realty Q3: net income $1.2M, AFFO $0.27, acquires $24.2M in USPS properties

Postal Realty Trust, Inc.

2023-Q3 EPS reported $0.08 revenue$46,711,000

Net income $1.2M ($0.04 diluted); FFO $6.3M ($0.25); AFFO $6.9M ($0.27); revenue up 17% YoY.
Acquired 70 USPS properties for $24.2M; portfolio 99.7% occupied; collected 100% of contractual rents.
Debt fully fixed-rate (post-hedges); $150M revolver undrawn; closed $25M and $10M term loan accordions at 5.736% and 6.049%.
Quarterly dividend of $0.2375 declared ($0.95 annualized), payable Nov 30 to holders of record Nov 1.
Issued 1,313,844 shares via ATM for $19.7M gross proceeds at $15.02 avg; also 240,511 OP units for acquisitions.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Postal Realty Trust, Inc. reported quarter ended September 30, 2023 results: revenue 17% growth in revenues from third quarter 2022 to third quarter 2023, net income Net income attributable to common shareholders was $1.2 million, or $0.04 per diluted share, EPS $0.04 per diluted share.

Period: quarter ended September 30, 2023
Revenue: 17% growth in revenues from third quarter 2022 to third quarter 2023
Net income: Net income attributable to common shareholders was $1.2 million, or $0.04 per diluted share
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

Postal Realty Trust, Inc. (the "Company") issued a press release on October 30, 2023 announcing its financial results for the quarter ended September 30, 2023.

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Postal Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-035511

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