Postal Realty Trust Q1 net income $0.6M; revenue up 35%; adds $75M credit facility

Postal Realty Trust, Inc.

2022-Q1 EPS reported $0.02 revenue$11,931,000

Q1 2022 net income $0.6M ($0.02/sh); FFO $4.8M ($0.21/sh); AFFO $5.4M ($0.24/sh).
Revenue grew 35% YoY; acquired 50 USPS properties for $26.9M during Q1.
Subsequently acquired 24 properties for $7.3M; 123 properties under contract for ~$40M.
Amended credit facilities: $75M delayed draw term loan maturing Feb 2028; $50M funded to repay revolver.
Quarterly dividend raised ~4.5% to $0.23/sh ($0.92 annual); paid May 27, 2022.

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