other material
confidence high
sentiment positive
materiality 0.60
PSTL: 2021 acquisitions $118M, Q4 rent collections 100%, occupancy 99.6%
Postal Realty Trust, Inc.
- Full-year 2021: acquired 239 properties for ~$118M at 7–7.5% cap rate; Q4 alone 55 properties for $42.8M.
- Year-end owned portfolio: 966 properties, 99.6% occupied, 4.5M sq ft, weighted avg rent $8.09/sq ft.
- Q4 2021 rent collection at 100%.
- CEO: exceeded acquisition target, robust pipeline, but industry cap rate compression anticipated.
- $13M drawn on $150M unsecured credit facility at year-end.