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- Agreed to New Rents on all 2023 & 2024 Negotiated Leases -
- Increased Term Loan Commitments by $50 Million -
- Acquired 35 USPS Properties for $13.3 Million at a Weighted Average Capitalization Rate of 7.5% -
CEDARHURST, N.Y., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 2,000 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.24 per share. This represents a 1.1% increase from the third quarter 2023 dividend. The dividend will be payable on November 29, 2024 to stockholders of record as of the close of business on November 4, 2024.
CEDARHURST, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,950 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today an update on its ongoing lease negotiations with the USPS.
CEDARHURST, N.Y., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,950 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that Andrew Spodek, Chief Executive Officer, Jeremy Garber, President, and Robert Klein, Chief Financial Officer, will present at the 2024 Midwest IDEAS Investor Conference at The Gwen in Chicago, IL on Wednesday, August 28, 2024 at 9:15 AM Central Time. A live webcast of the presentation will be available on the Investors section of Postal Realty Trust’s website Postal Realty Trust - Investors - Events & Presentations. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event. The Company will also host meetings with the investment community during the conference, which runs from Wednesday, August 28 to Thursday, August 29, 2024.
CEDARHURST, N.Y., July 23, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,950 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.24 per share. This represents a 1.1% increase from the second quarter 2023 dividend. The dividend will be payable on August 30, 2024 to stockholders of record as of the close of business on August 2, 2024.
CEDARHURST, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,900 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that Andrew Spodek, Chief Executive Officer, Jeremy Garber, President, and Robert Klein, Chief Financial Officer, will present at Nareit’s REITweek: 2024 Investor Conference on Tuesday, June 4, 2024, at 9:30 AM ET. A live audio webcast of the presentation will be available on the Investors section of Postal Realty’s website Postal Realty Trust - Investors - Events & Presentations. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event. The Company will also host meetings with the investment community during the conference, which runs from Monday, June 3 to Thursday, June 6, 2024.
- Acquired 29 USPS Properties for $18.5 Million -
- Acquired at a Weighted Average Capitalization Rate of 7.8% -
- Raised $14 Million from ATM Program & OP Units to Fund Acquisitions -
- Collected 100% of Contractual Rents -
CEDARHURST, N.Y., April 30, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,900 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.24 per share. This represents a 1.1% increase from the first quarter 2023 dividend. The dividend will be payable on May 31, 2024 to stockholders of record as of the close of business on May 8, 2024.