secwatch.observer — SEC 8-K summary
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Issuer:     Postal Realty Trust, Inc. (PSTL)
CIK:        0001759774
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001759774-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759774/000175977422000016/0001759774-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759774/000175977422000016/pstl-20220511.htm
  HTML page:      https://secwatch.observer/filing/0001759774-22-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer