secwatch.observer — SEC 8-K summary
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Issuer:     Postal Realty Trust, Inc. (PSTL)
CIK:        0001759774
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001628280-24-035187
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Postal Realty Trust Q2 2024 FFO $0.23/sh; acquired 70 USPS properties for $28.3M
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- Q2 net income $0.8M ($0.02 EPS); FFO $6.5M ($0.23/sh); AFFO $7.5M ($0.26/sh).
- Revenue grew 17% YoY; portfolio 99.6% occupied; collected 100% contractual rents.
- Acquired 70 USPS properties for $28.3M at 7.6% weighted avg cap rate.
- Declared $0.24/sh quarterly dividend (annualized $0.96), payable Aug 30 to holders of record Aug 2.
- Balance sheet: $3M cash, $272M net debt (4.48% avg rate), $108M undrawn credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759774/000162828024035187/0001628280-24-035187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759774/000162828024035187/pstl-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035187

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