secwatch.observer — SEC 8-K summary
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Issuer:     Postal Realty Trust, Inc. (PSTL)
CIK:        0001759774
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001628280-23-035511
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759774/000162828023035511/0001628280-23-035511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759774/000162828023035511/pstl-20231030.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035511

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