secwatch.observer — SEC 8-K summary
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Issuer:     Postal Realty Trust, Inc. (PSTL)
CIK:        0001759774
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001759774-22-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Postal Realty Trust Q2 2022: AFFO $0.24, acquired $55.1M of USPS properties, dividend up 4.5%
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- Net income attributable to common shareholders $1.0M ($0.04 diluted EPS); FFO $5.4M ($0.23); AFFO $5.5M ($0.24).
- Acquired 150 USPS properties for ~$55.1M; YTD acquisitions total $87M for 216 properties; portfolio 99.7% occupied.
- Revenue grew 35% YoY; weighted average rental rate $8.53/sq ft; net debt $170.3M at 3.42% interest.
- Declared $0.2325 quarterly dividend (annual $0.93), 4.5% increase from prior year; twelfth consecutive increase since IPO.
- Post-quarter end acquired 16 more properties for $4.6M; 36 properties under definitive contract for $14M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759774/000175977422000024/0001759774-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759774/000175977422000024/pstl-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001759774-22-000024

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