secwatch.observer — SEC 8-K summary
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Issuer:     Postal Realty Trust, Inc. (PSTL)
CIK:        0001759774
Form:       8-K
Filed at:   2023-01-11T23:59:59+00:00
Accession:  0001759774-23-000001
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759774/000175977423000001/0001759774-23-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759774/000175977423000001/pstl-20230111.htm
  HTML page:      https://secwatch.observer/filing/0001759774-23-000001

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