Postal Realty Trust acquires 320 properties for $123M in 2022, 100% debt fixed-rate at year-end

Postal Realty Trust, Inc.

Acquired 320 properties for ~$123M in 2022; weighted average cap rate of 6.8%.
Owned portfolio 99.7% occupied with 1,286 properties across 49 states as of Dec 31, 2022.
Entire $150M revolver undrawn; 100% of debt fixed-rate at weighted avg 3.74%.
Exercised $40M term loan accordion, swapped to fix rate at 4.95% through Feb 2028.
Q4 rent collections 100%; issued 523,909 shares via ATM at avg $15.54/share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Postal Realty Trust, Inc. reported preliminary financial results for the fourth quarter of 2022.

Period: the fourth quarter of 2022
Result: preliminary results

Exact text from the filing

Postal Realty Trust, Inc. (the “Company”) issued a press release on January 11, 2023 that provided an update on the Company’s portfolio, collections, acquisitions, capital markets activity and financial position for the quarter ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Postal Realty Trust, Inc. reported preliminary financial results for full year 2022.

Period: full year 2022
Result: preliminary results

Exact text from the filing

For the full year 2022, the Company acquired 320 properties for approximately $123 million, excluding closing costs.

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59 earnings releases filed in the last 30 days. Browse all earnings releases →

Postal Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001759774-23-000001

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