Postal Realty Q3 2021: FFO $0.25/sh; acquired 59 USPS properties for $19.2M

Postal Realty Trust, Inc.

2021-Q3 EPS reported $0.06 revenue$28,805,000

Net income $0.5M ($0.03/diluted); FFO $4.4M ($0.25/diluted); AFFO $4.8M ($0.27/diluted).
Acquired 59 USPS properties for $19.2M in Q3; subsequent to quarter end, acquired 15 properties for $18M.
Quarterly dividend raised to $0.2250/sh ($0.90 annualized); ninth consecutive increase since 2019 IPO.
New $150M unsecured revolver and $50M term loan; interest rate swap fixed $50M at 2.291% through Jan 2027.
Portfolio 99.6% occupied, 911 properties across 49 states; 70% rental income growth YoY.

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