earnings
confidence high
sentiment positive
materiality 0.75
Postal Realty Trust Q4/FY2021: FFO $0.24/$0.95 per share, acquired 239 properties in 2021
Postal Realty Trust, Inc.
- Q4 net income $0.8M ($0.04 diluted EPS); rental income up 49% vs Q4 2020.
- Full year 2021: acquired 239 USPS properties for $118M; rental income up 64% YoY.
- Q4 FFO $4.8M ($0.24/diluted share), AFFO $4.9M ($0.25); full year FFO $16.5M ($0.95), AFFO $18.2M ($1.05).
- Raised quarterly dividend to $0.2275/sh ($0.91 annualized); tenth consecutive quarterly increase.
- Post-year-end acquired 38 properties for $11.8M and postal consulting business Real Estate Asset Counseling.