secwatch.observer — SEC 8-K summary
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Issuer:     Postal Realty Trust, Inc. (PSTL)
CIK:        0001759774
Form:       8-K
Filed at:   2024-01-10T23:59:59+00:00
Accession:  0001628280-24-001047
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Postal Realty acquires 223 USPS properties for $78M in 2023 at 7.7% cap rate
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- FY 2023: acquired 223 properties leased to USPS for $78M (excl. closing costs) at 7.7% weighted avg cap rate.
- Q4 2023: acquired 75 properties for $20.7M at 7.7% cap rate; collected 100% of contractual rents.
- Portfolio 99.7% occupied with 1,509 properties; 5.9M sq ft; weighted avg rent $9.37/sq ft.
- 96% of debt fixed rate; $141M undrawn on credit facility; weighted avg interest rate 4.14%.
- Settled 198,847 forward shares at $15.02; issued 227,256 ATM shares at $14.32 avg; 450,818 OP units at $14.01.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759774/000162828024001047/0001628280-24-001047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759774/000162828024001047/pstl-20240110.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-001047

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