Postal AG真人官方ty Trust, Inc. Reports First Quarter 2025 Results
Postal AG真人官方ty Trust reported strong Q1 2025 results, showcasing 28% year-over-year revenue growth. The REIT, which manages over 2,100 properties primarily leased to the United States Postal Service, acquired 36 USPS properties for $15.8 million at a 7.6% capitalization rate.
Key financial highlights include:
- Net income of $2.1 million ($0.06 per diluted share)
- FFO of $8.4 million ($0.28 per diluted share)
- AFFO of $9.8 million ($0.32 per diluted share)
- Quarterly dividend of $0.2425 per share declared
The company's portfolio maintains a 99.8% occupancy rate across 1,738 properties in 49 states. Notable achievements include securing new lease terms through 2026 with 3% annual escalations and a weighted average rental rate of $10.90 per square foot. For 2025, Postal AG真人官方ty projects AFFO per share of $1.20-$1.22 and acquisition volume of $80-90 million.
Postal AG真人官方ty Trust ha riportato solidi risultati nel primo trimestre del 2025, con una crescita dei ricavi del 28% rispetto all'anno precedente. Il REIT, che gestisce oltre 2.100 propriet脿 principalmente affittate al Servizio Postale degli Stati Uniti, ha acquisito 36 propriet脿 USPS per 15,8 milioni di dollari con un tasso di capitalizzazione del 7,6%.
I principali dati finanziari includono:
- Utile netto di 2,1 milioni di dollari (0,06 dollari per azione diluita)
- FFO di 8,4 milioni di dollari (0,28 dollari per azione diluita)
- AFFO di 9,8 milioni di dollari (0,32 dollari per azione diluita)
- Dividendo trimestrale dichiarato di 0,2425 dollari per azione
Il portafoglio dell鈥檃zienda mantiene un tasso di occupazione del 99,8% su 1.738 propriet脿 in 49 stati. Tra i risultati pi霉 significativi, si evidenzia la stipula di nuovi contratti di locazione fino al 2026 con incrementi annuali del 3% e un canone medio ponderato di 10,90 dollari per piede quadrato. Per il 2025, Postal AG真人官方ty prevede un AFFO per azione tra 1,20 e 1,22 dollari e un volume di acquisizioni tra 80 e 90 milioni di dollari.
Postal AG真人官方ty Trust report贸 s贸lidos resultados en el primer trimestre de 2025, mostrando un crecimiento interanual de los ingresos del 28%. El REIT, que administra m谩s de 2.100 propiedades principalmente arrendadas al Servicio Postal de los Estados Unidos, adquiri贸 36 propiedades USPS por 15,8 millones de d贸lares con una tasa de capitalizaci贸n del 7,6%.
Los principales aspectos financieros incluyen:
- Ingreso neto de 2,1 millones de d贸lares (0,06 d贸lares por acci贸n diluida)
- FFO de 8,4 millones de d贸lares (0,28 d贸lares por acci贸n diluida)
- AFFO de 9,8 millones de d贸lares (0,32 d贸lares por acci贸n diluida)
- Dividendo trimestral declarado de 0,2425 d贸lares por acci贸n
La cartera de la compa帽铆a mantiene una tasa de ocupaci贸n del 99,8% en 1.738 propiedades en 49 estados. Logros destacados incluyen asegurar nuevos t茅rminos de arrendamiento hasta 2026 con incrementos anuales del 3% y una tasa de alquiler ponderada promedio de 10,90 d贸lares por pie cuadrado. Para 2025, Postal AG真人官方ty proyecta un AFFO por acci贸n de 1,20 a 1,22 d贸lares y un volumen de adquisiciones de 80 a 90 millones de d贸lares.
Postal AG真人官方ty Trust電� 2025雲� 1攵勱赴 臧曤牓頃� 鞁れ爜鞚� 氤搓碃頃橂┌ 鞝勲厔 雽�牍� 28%鞚� 毵れ稖 靹膘灔鞚� 旮半頄堨姷雼堧嫟. 鞚� 毽笭電� 欤茧 氙戈淡 鞖办泊甑�(USPS)鞐� 鞛勲寑頃� 2,100臧� 鞚挫儊鞚� 攵�霃欖偘鞚� 甏�毽晿氅�, 7.6% 鞛愲掣頇旍湪搿� 1,580毵� 雼煬鞐� USPS 攵�霃欖偘 36瓯挫潉 鞚胳垬頄堨姷雼堧嫟.
欤检殧 鞛 頃橃澊霛检澊韸鸽姅 雼れ潓瓿� 臧欖姷雼堧嫟:
- 靾滌澊鞚� 210毵� 雼煬(頋劃 欤茧嫻 0.06雼煬)
- FFO 840毵� 雼煬(頋劃 欤茧嫻 0.28雼煬)
- AFFO 980毵� 雼煬(頋劃 欤茧嫻 0.32雼煬)
- 欤茧嫻 0.2425雼煬 攵勱赴 氚半嫻旮� 靹犾柛
須岇偓鞚� 韽姼韽措Μ鞓る姅 49臧� 欤检棎 瓯胳硱 1,738臧� 攵�霃欖偘鞐愳劀 99.8%鞚� 鞝愳湢鞙潉 鞙犾頃橁碃 鞛堨姷雼堧嫟. 欤检殧 靹标臣搿滊姅 2026雲勱箤歆� 鞐� 3% 鞚胳儊 臁绊暛鞚� 韽暔霅� 鞁犼窚 鞛勲寑 瓿勳暯 觳搓舶瓿� 韽夑蛋 鞛勲寑耄岅皜 韽夒癌頂柬姼雼� 10.90雼煬霛茧姅 鞝愳澊 鞛堨姷雼堧嫟. 2025雲� Postal AG真人官方ty電� 欤茧嫻 AFFO毳� 1.20~1.22雼煬, 鞚胳垬 攴滊毳� 8,000毵寏9,000毵� 雼煬搿� 鞓堨儊頃橁碃 鞛堨姷雼堧嫟.
Postal AG真人官方ty Trust a annonc茅 de solides r茅sultats pour le premier trimestre 2025, affichant une croissance des revenus de 28 % en glissement annuel. Le REIT, qui g猫re plus de 2 100 propri茅t茅s principalement lou茅es au United States Postal Service, a acquis 36 propri茅t茅s USPS pour 15,8 millions de dollars avec un taux de capitalisation de 7,6 %.
Les principaux points financiers sont :
- Un b茅n茅fice net de 2,1 millions de dollars (0,06 dollar par action dilu茅e)
- FFO de 8,4 millions de dollars (0,28 dollar par action dilu茅e)
- AFFO de 9,8 millions de dollars (0,32 dollar par action dilu茅e)
- Dividende trimestriel d茅clar茅 de 0,2425 dollar par action
Le portefeuille de la soci茅t茅 affiche un taux d鈥檕ccupation de 99,8 % sur 1 738 propri茅t茅s r茅parties dans 49 脡tats. Parmi les r茅alisations notables, la s茅curisation de nouveaux termes de bail jusqu鈥檈n 2026 avec des augmentations annuelles de 3 % et un loyer moyen pond茅r茅 de 10,90 dollars par pied carr茅. Pour 2025, Postal AG真人官方ty pr茅voit un AFFO par action entre 1,20 et 1,22 dollar ainsi qu鈥檜n volume d鈥檃cquisitions compris entre 80 et 90 millions de dollars.
Postal AG真人官方ty Trust meldete starke Ergebnisse f眉r das erste Quartal 2025 mit einem Umsatzwachstum von 28 % im Jahresvergleich. Der REIT, der 眉ber 2.100 Immobilien verwaltet, die haupts盲chlich an den United States Postal Service vermietet sind, erwarb 36 USPS-Immobilien f眉r 15,8 Millionen US-Dollar bei einer Kapitalisierungsrate von 7,6 %.
Wichtige finanzielle Eckdaten umfassen:
- Nettoeinkommen von 2,1 Millionen US-Dollar (0,06 US-Dollar je verw盲sserter Aktie)
- FFO von 8,4 Millionen US-Dollar (0,28 US-Dollar je verw盲sserter Aktie)
- AFFO von 9,8 Millionen US-Dollar (0,32 US-Dollar je verw盲sserter Aktie)
- Quartalsdividende von 0,2425 US-Dollar je Aktie erkl盲rt
Das Portfolio des Unternehmens weist eine Auslastungsrate von 99,8 % 眉ber 1.738 Immobilien in 49 Bundesstaaten auf. Bemerkenswerte Erfolge sind die Sicherung neuer Mietvertr盲ge bis 2026 mit j盲hrlichen Steigerungen von 3 % sowie eine gewichtete durchschnittliche Miete von 10,90 US-Dollar pro Quadratfu脽. F眉r 2025 prognostiziert Postal AG真人官方ty ein AFFO je Aktie von 1,20 bis 1,22 US-Dollar und ein Akquisitionsvolumen von 80 bis 90 Millionen US-Dollar.
- 28% revenue growth YoY in Q1 2025
- 99.8% portfolio occupancy rate across 1,738 properties
- Acquired 36 USPS properties at 7.6% cap rate for $15.8M
- Secured 3% annual rent escalations for 2025-2026 leases
- 92% of debt is fixed-rate, protecting against interest rate risk
- Strong liquidity with $126M undrawn from credit facility
- $0.4M lump sum catch-up payment received from USPS in Q1
- Low net income of $0.06 per diluted share
- Increased debt position to $307M with 4.41% weighted average interest rate
- Ongoing equity dilution through ATM program with 249,000 new shares issued
- Additional dilution through 73,137 operating partnership units issued
Insights
PSTL reports strong Q1 with 28% revenue growth, solid AFFO of $0.32/share, and secures valuable 3% annual rent escalations through 2026.
Postal AG真人官方ty Trust delivered impressive Q1 2025 results with
The acquisition engine continues running efficiently, with 36 USPS properties acquired for
Perhaps most significant is the agreement on new lease terms with USPS for 2025-2026 leases incorporating
Balance sheet management remains prudent with
Management's reaffirmed 2025 AFFO guidance of
- Agreed to New Rents on all 2025 & 2026 Negotiated Leases -
- Acquired 36 USPS Properties for
CEDARHURST, N.Y., April 30, 2025 (GLOBE NEWSWIRE) -- Postal AG真人官方ty Trust, Inc. (NYSE: PSTL) (the 鈥淐ompany鈥�), an internally managed real estate investment trust that owns and manages over 2,100 properties leased primarily to the United States Postal Service (the 鈥淯SPS鈥�), ranging from last-mile post offices to industrial facilities, today announced results for the quarter ended March听31, 2025.
Highlights for the Quarter Ended March听31, 2025
28% growth in revenues from first quarter 2024 to first quarter 2025- Net income attributable to common shareholders of
$2.1 million , or$0.06 per diluted share - Funds from Operations ("FFO") of
$8.4 million , or$0.28 per diluted share - Adjusted Funds from Operations ("AFFO") of
$9.8 million , or$0.32 per diluted share - Subsequent to quarter end, the Company announced a quarterly dividend of
$0.24 25 per share - Acquired 36 USPS properties for approximately
$15.8 million , excluding closing costs, at a weighted average capitalization rate of7.6% - Agreed to new lease terms on 2025 and 2026 negotiated leases with the USPS, which include
3% annual escalations
"2025 is off to a strong start, with continued momentum in our re-leasing efforts and a healthy pace of acquisitions," said Andrew Spodek, Chief Executive Officer. "We've agreed to new rents for leases through 2026 and are turning our attention to 2027 re-leasing. Our secure and increasingly visible cash flows are supported by long-term leases and rent escalations that further strengthen our internal organic growth profile."
Property Portfolio & Acquisitions
The Company鈥檚 owned portfolio was
During the first quarter, the Company acquired 36 last-mile and flex properties leased to the USPS for approximately
Leasing
As of April 16, 2025, the Company received 38 fully executed new leases from the USPS for leases expired in 2025. We have been working diligently with the Postal Service to have fully executed leases in hand prior to upcoming expirations and are fully up to date for 2025 leases, aside for a lease at one asset that was recently acquired. The total net lump sum catch-up payment received from the USPS was approximately
Balance Sheet & Capital Markets Activity
As of March听31, 2025, the Company had approximately
During the first quarter and through April 16, 2025, the Company issued 249,000 shares of common stock through its at-the-market equity offering program at an average price of
Dividend
On April 21, 2025, the Company declared a quarterly dividend of
Subsequent Events
Subsequent to quarter end and through April 16, 2025, the Company acquired 25 properties comprising approximately 73,000 net leasable interior square feet for approximately
2025 Guidance
| 2025 Guidance | |||
| 听 | Low | 听 | High |
| AFFO per Diluted Share | to | ||
| Acquisition Volume | to | ||
| Cash G&A Expense | to | ||
| 听 | 听 | 听 | 听 |
Note: The Company does not provide guidance with respect to the most directly comparable GAAP financial measure or provide reconciliations to GAAP from its forward-looking non-GAAP financial measure of AFFO per share guidance due to the inherent difficulty of forecasting the effect, timing and significance of certain amounts in the reconciliation that would be required by Item 10(e)(1)(i)(B) of Regulation S-K. Examples of these amounts include impairments of assets, gains and losses from sales of assets, and depreciation and amortization from new acquisitions or developments. In addition, certain non-recurring items may also significantly affect net income but are generally adjusted for in AFFO. Based on our historical experience, the dollar amounts of these items could be significant, and could have a material impact on the Company's GAAP results for the guidance period.
Webcast and Conference Call Details
The Company will host a webcast and conference call to discuss the first quarter 2025 financial results on Thursday, May 1, 2025, at 9:00 A.M. Eastern Time. A live audio webcast of the conference call will be available on the Company鈥檚 investor website at https://investor.postalrealtytrust.com/Investors/events-and-presentations/default.aspx. To participate in the conference call, callers from the United States and Canada should dial-in ten minutes prior to the scheduled call time at 1-877-407-9208. International callers should dial 1-201-493-6784.
Replay
A telephonic replay of the call will be available starting at 1:00 P.M. Eastern Time on Thursday, May 1, 2025, through 11:59 P.M. Eastern Time on Thursday, May 15, 2025, by dialing 1-844-512-2921 in the United States and Canada or 1-412-317-6671 internationally. The passcode for the replay is 13750500.
Non-GAAP Supplemental Financial Information
An explanation of certain non-GAAP financial measures used in this press release, including, FFO, AFFO and net debt, as well as reconciliations of those non-GAAP financial measures, to the most directly comparable GAAP financial measure, is included below.
The Company calculates FFO in accordance with the current National Association of AG真人官方 Estate Investment Trusts (鈥淣AREIT鈥�) definition. NAREIT currently defines FFO as follows: net income (loss) (computed in accordance with GAAP) excluding depreciation and amortization related to real estate, gains and losses from the sale of certain real estate assets, gains and losses from change in control, and impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by an entity. Other REITs may not define FFO in accordance with the NAREIT definition or may interpret the current NAREIT definition differently than the Company does and therefore the Company鈥檚 computation of FFO may not be comparable to such other REITs.
The Company calculates AFFO by starting with FFO and adjusting for recurring capital expenditures (defined as all capital expenditures and leasing costs that are recurring in nature, excluding expenditures that (i) are for items identified or existing at the time a property was acquired or contributed (including through the Company鈥檚 formation transactions), (ii) are part of a strategic plan intended to increase the value or revenue-generating ability of a property, (iii) are for replacements of roof or parking lots, (iv) are considered infrequent or extraordinary in nature, or (v) for casualty damage), acquisition-related expenses (defined as expenses that are incurred for investment purposes and business acquisitions and do not correlate with the ongoing operations of the Company鈥檚 existing portfolio, including due diligence costs for acquisitions not consummated and certain professional fees incurred that were directly related to completed acquisitions or dispositions and integration of acquired business) that are not capitalized, and certain other non-recurring expenses and then adding back non-cash items including: write-off and amortization of deferred financing fees, straight-line rent and other adjustments (including lump sum catch up amounts for increased rents, net of any lease incentives), fair value lease adjustments, casualty losses (recoveries) and income (expenses) on insurance recoveries from casualties, non-real estate depreciation and amortization and non-cash components of compensation expense. AFFO is a non-GAAP financial measure and should not be viewed as an alternative to net income calculated in accordance with GAAP as a measurement of the Company鈥檚 operating performance. The Company believes that AFFO is widely used by other REITs and is helpful to investors as a meaningful additional measure of the Company鈥檚 ability to make capital investments. Other REITs may not define AFFO in the same manner as the Company does and therefore the Company鈥檚 calculation of AFFO may not be comparable to such other REITs.
The Company calculates its net debt as total debt less cash and property-related reserves. Net debt as of March听31, 2025 is calculated as total debt of approximately
These metrics are non-GAAP financial measures and should not be viewed as an alternative measurement of the Company鈥檚 operating performance to net income. Management believes that accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values have historically risen or fallen with market conditions, many industry investors and analysts have considered the presentation of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. As a result, the Company believes that the additive use of FFO and AFFO, together with the required GAAP presentation, is widely-used by the Company鈥檚 competitors and other REITs and provides a more complete understanding of the Company鈥檚 performance and a more informed and appropriate basis on which to make investment decisions.
Forward-Looking and Cautionary Statements
This press release contains 鈥渇orward-looking statements.鈥� Forward-looking statements include statements identified by words such as 鈥渃ould,鈥� 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥渨ill,鈥� 鈥渓ikely,鈥� 鈥渁nticipates,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥渟eeks,鈥� 鈥渂elieves,鈥� 鈥渆stimates,鈥� 鈥渆xpects,鈥� 鈥渃ontinues,鈥� 鈥減rojects鈥� and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements, including, among others, statements regarding the Company鈥檚 anticipated growth and ability to obtain financing and close on pending transactions on the terms or timing it expects, if at all, are based on the Company鈥檚 current expectations and assumptions regarding capital market conditions, the Company鈥檚 business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company鈥檚 actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the USPS鈥檚 terminations or non-renewals of leases, changes in demand for postal services delivered by the USPS, the solvency and financial health of the USPS, competitive, financial market and regulatory conditions, disruption in market, general real estate market conditions, the Company鈥檚 competitive environment and other factors set forth under 鈥淩isk Factors鈥� in the Company鈥檚 filings with the Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
About Postal AG真人官方ty Trust, Inc.
Postal AG真人官方ty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,100 properties leased primarily to the USPS. More information is available at postalrealtytrust.com.
Contact:
Investor Relations and Media Relations
Email: [email protected]
Phone: 516-232-8900
| Postal AG真人官方ty Trust, Inc. Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share data) | |||||||
| 听 | 听 | ||||||
| 听 | For the Three Months Ended March 31, | ||||||
| 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| Revenues: | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Rental income | $ | 21,480 | 听 | 听 | $ | 16,604 | 听 |
| Fee and other | 听 | 670 | 听 | 听 | 听 | 683 | 听 |
| Total revenues | 听 | 22,150 | 听 | 听 | 听 | 17,287 | 听 |
| Operating expenses: | 听 | 听 | 听 | ||||
| AG真人官方 estate taxes | 听 | 2,649 | 听 | 听 | 听 | 2,302 | 听 |
| Property operating expenses | 听 | 2,461 | 听 | 听 | 听 | 2,353 | 听 |
| General and administrative | 听 | 4,936 | 听 | 听 | 听 | 4,292 | 听 |
| Casualty and impairment losses, net | 听 | 150 | 听 | 听 | 听 | 鈥� | 听 |
| Depreciation and amortization | 听 | 5,624 | 听 | 听 | 听 | 5,301 | 听 |
| Total operating expenses | 听 | 15,820 | 听 | 听 | 听 | 14,248 | 听 |
| 听 | 听 | 听 | 听 | ||||
| Loss on sale of real estate assets | 听 | (49 | ) | 听 | 听 | 鈥� | 听 |
| 听 | 听 | 听 | 听 | ||||
| Income from operations | 听 | 6,281 | 听 | 听 | 听 | 3,039 | 听 |
| Other income | 听 | 30 | 听 | 听 | 听 | 50 | 听 |
| Interest expense, net: | 听 | 听 | 听 | ||||
| Contractual interest expense | 听 | (3,437 | ) | 听 | 听 | (2,637 | ) |
| Write-off and amortization of deferred financing fees and amortization of debt discount | 听 | (211 | ) | 听 | 听 | (181 | ) |
| Interest income | 听 | 6 | 听 | 听 | 听 | 1 | 听 |
| Total interest expense, net | 听 | (3,642 | ) | 听 | 听 | (2,817 | ) |
| Income before income tax expense | 听 | 2,669 | 听 | 听 | 听 | 272 | 听 |
| Income tax expense | 听 | (14 | ) | 听 | 听 | (16 | ) |
| Net income | 听 | 2,655 | 听 | 听 | 听 | 256 | 听 |
| Net income attributable to operating partnership unitholders鈥� non-controlling interests | 听 | (573 | ) | 听 | 听 | (50 | ) |
| Net income attributable to common stockholders | $ | 2,082 | 听 | 听 | $ | 206 | 听 |
| Net income (loss) per share: | 听 | 听 | 听 | ||||
| Basic and Diluted | $ | 0.06 | 听 | 听 | $ | (0.01 | ) |
| Weighted average common shares outstanding: | 听 | 听 | 听 | ||||
| Basic and Diluted | 听 | 23,216,150 | 听 | 听 | 听 | 22,045,310 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Postal AG真人官方ty Trust, Inc. | |||||||
| 听 | |||||||
| Consolidated Balance Sheets (Unaudited) (In thousands, except par value and share data) | |||||||
| 听 | March 31, 2025 | 听 | December 31, 2024 | ||||
| 听 | 听 | 听 | 听 | ||||
| Assets | 听 | 听 | 听 | ||||
| Investments: | 听 | 听 | 听 | ||||
| AG真人官方 estate properties, at cost: | 听 | 听 | 听 | ||||
| Land | $ | 132,297 | 听 | 听 | $ | 128,457 | 听 |
| Building and improvements | 听 | 524,490 | 听 | 听 | 听 | 512,248 | 听 |
| Tenant improvements | 听 | 7,609 | 听 | 听 | 听 | 7,501 | 听 |
| Total real estate properties, at cost | 听 | 664,396 | 听 | 听 | 听 | 648,206 | 听 |
| Less: Accumulated depreciation | 听 | (61,961 | ) | 听 | 听 | (58,175 | ) |
| Total real estate properties, net | 听 | 602,435 | 听 | 听 | 听 | 590,031 | 听 |
| Investment in financing leases, net | 听 | 15,923 | 听 | 听 | 听 | 15,951 | 听 |
| Total real estate investments, net | 听 | 618,358 | 听 | 听 | 听 | 605,982 | 听 |
| Cash | 听 | 639 | 听 | 听 | 听 | 1,799 | 听 |
| Escrow and reserves | 听 | 926 | 听 | 听 | 听 | 744 | 听 |
| Rent and other receivables | 听 | 4,961 | 听 | 听 | 听 | 6,658 | 听 |
| Prepaid expenses and other assets, net | 听 | 12,032 | 听 | 听 | 听 | 14,519 | 听 |
| Goodwill | 听 | 1,536 | 听 | 听 | 听 | 1,536 | 听 |
| Deferred rent receivable | 听 | 3,154 | 听 | 听 | 听 | 2,639 | 听 |
| In-place lease intangibles, net | 听 | 12,140 | 听 | 听 | 听 | 12,636 | 听 |
| Above market leases, net | 听 | 272 | 听 | 听 | 听 | 305 | 听 |
| Total Assets | $ | 654,018 | 听 | 听 | $ | 646,818 | 听 |
| 听 | 听 | 听 | 听 | ||||
| Liabilities and Equity | 听 | 听 | 听 | ||||
| Liabilities: | 听 | 听 | 听 | ||||
| Term loans, net | $ | 248,901 | 听 | 听 | $ | 248,790 | 听 |
| Revolving credit facility | 听 | 24,000 | 听 | 听 | 听 | 14,000 | 听 |
| Secured borrowings, net | 听 | 33,820 | 听 | 听 | 听 | 33,918 | 听 |
| Accounts payable, accrued expenses and other, net | 听 | 15,580 | 听 | 听 | 听 | 16,441 | 听 |
| Below market leases, net | 听 | 16,812 | 听 | 听 | 听 | 16,171 | 听 |
| Total Liabilities | 听 | 339,113 | 听 | 听 | 听 | 329,320 | 听 |
| Commitments and Contingencies | 听 | 听 | 听 | ||||
| Equity: | 听 | 听 | 听 | ||||
| Class A common stock, par value | 听 | 237 | 听 | 听 | 听 | 235 | 听 |
| Class B common stock, par value | 听 | 鈥� | 听 | 听 | 听 | 鈥� | 听 |
| Additional paid-in capital | 听 | 310,131 | 听 | 听 | 听 | 310,031 | 听 |
| Accumulated other comprehensive income | 听 | 3,001 | 听 | 听 | 听 | 5,230 | 听 |
| Accumulated deficit | 听 | (67,890 | ) | 听 | 听 | (64,211 | ) |
| Total Stockholders鈥� Equity | 听 | 245,479 | 听 | 听 | 听 | 251,285 | 听 |
| Operating partnership unitholders鈥� non-controlling interests | 听 | 69,426 | 听 | 听 | 听 | 66,213 | 听 |
| Total Equity | 听 | 314,905 | 听 | 听 | 听 | 317,498 | 听 |
| Total Liabilities and Equity | $ | 654,018 | 听 | 听 | $ | 646,818 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Postal AG真人官方ty Trust, Inc. Reconciliation of Net Income to FFO and AFFO (Unaudited) (In thousands, except share and per share data) | ||||
| 听 | ||||
| 听 | 听 | For the Three Months Ended March 31, 2025 | ||
| Net income | 听 | $ | 2,655 | 听 |
| Impairment charges | 听 | 听 | 65 | 听 |
| Loss on sale of real estate assets | 听 | 听 | 49 | 听 |
| Depreciation and amortization of real estate assets | 听 | 听 | 5,597 | 听 |
| FFO | 听 | $ | 8,366 | 听 |
| Recurring capital expenditures | 听 | 听 | (168 | ) |
| Write-off and amortization of deferred financing fees and amortization of debt discount | 听 | 听 | 211 | 听 |
| Straight-line rent and other adjustments | 听 | 听 | (326 | ) |
| Fair value lease adjustments | 听 | 听 | (830 | ) |
| Acquisition-related and other expenses | 听 | 听 | 122 | 听 |
| Income on insurance recoveries from casualties | 听 | 听 | (30 | ) |
| Casualty losses, net | 听 | 听 | 85 | 听 |
| Non-real estate depreciation and amortization | 听 | 听 | 27 | 听 |
| Non-cash components of compensation expense | 听 | 听 | 2,351 | 听 |
| AFFO | 听 | $ | 9,808 | 听 |
| FFO per common share and common unit outstanding | 听 | $ | 0.28 | 听 |
| AFFO per common share and common unit outstanding | 听 | $ | 0.32 | 听 |
| Weighted average common shares and common units outstanding, basic and diluted | 听 | 听 | 30,293,528 | 听 |
FAQ
What is Postal AG真人官方ty Trust's (PSTL) dividend yield and payment for Q1 2025?
How many properties did PSTL acquire in Q1 2025 and at what cap rate?
What is PSTL's AFFO guidance for full year 2025?
What is the occupancy rate of PSTL's property portfolio in Q1 2025?
How much did PSTL's revenue grow from Q1 2024 to Q1 2025?
What are the new lease terms PSTL negotiated with USPS for 2025-2026?
