Postal AG真人官方ty Trust, Inc. Reports Second Quarter 2025 Results
Postal AG真人官方ty Trust (NYSE:PSTL) reported strong Q2 2025 results with significant portfolio growth and improved guidance. The company achieved 29% year-over-year revenue growth and reported net income of $3.6 million ($0.12 per diluted share).
Key highlights include the acquisition of 68 USPS properties for $35.9 million at a 7.8% weighted average cap rate, and maintaining a 99.8% occupied portfolio across 1,806 properties. The company increased its 2025 AFFO guidance to $1.24-$1.26 per diluted share, up $0.04 from previous guidance, and raised $12.8 million through its ATM program to fund acquisitions.
The company declared a quarterly dividend of $0.2425 per share ($0.97 annualized) and maintains a strong balance sheet with $328 million in net debt at a 4.51% weighted average interest rate.
Postal AG真人官方ty Trust (NYSE:PSTL) ha riportato risultati solidi nel secondo trimestre del 2025, con una crescita significativa del portafoglio e una guida migliorata. La societ脿 ha registrato una crescita dei ricavi del 29% su base annua e un utile netto di 3,6 milioni di dollari (0,12 dollari per azione diluita).
I punti salienti includono l'acquisizione di 68 propriet脿 USPS per 35,9 milioni di dollari con un tasso di capitalizzazione medio ponderato del 7,8%, mantenendo un portafoglio con un'occupazione del 99,8% su 1.806 propriet脿. La societ脿 ha aumentato la guidance per l'AFFO 2025 a 1,24-1,26 dollari per azione diluita, in crescita di 0,04 dollari rispetto alla precedente previsione, e ha raccolto 12,8 milioni di dollari tramite il programma ATM per finanziare acquisizioni.
La societ脿 ha dichiarato un dividendo trimestrale di 0,2425 dollari per azione (0,97 dollari su base annua) e mantiene un bilancio solido con 328 milioni di dollari di debito netto a un tasso di interesse medio ponderato del 4,51%.
Postal AG真人官方ty Trust (NYSE:PSTL) report贸 s贸lidos resultados en el segundo trimestre de 2025 con un crecimiento significativo de su cartera y una gu铆a mejorada. La compa帽铆a logr贸 un crecimiento de ingresos interanual del 29% y report贸 un ingreso neto de 3.6 millones de d贸lares (0.12 d贸lares por acci贸n diluida).
Los aspectos destacados incluyen la adquisici贸n de 68 propiedades de USPS por 35.9 millones de d贸lares con una tasa de capitalizaci贸n promedio ponderada del 7.8%, y mantener una cartera ocupada al 99.8% en 1,806 propiedades. La compa帽铆a aument贸 su gu铆a de AFFO 2025 a 1.24-1.26 d贸lares por acci贸n diluida, un incremento de 0.04 d贸lares respecto a la gu铆a anterior, y recaud贸 12.8 millones de d贸lares a trav茅s de su programa ATM para financiar adquisiciones.
La compa帽铆a declar贸 un dividendo trimestral de 0.2425 d贸lares por acci贸n (0.97 d贸lares anualizados) y mantiene un balance s贸lido con 328 millones de d贸lares en deuda neta a una tasa de inter茅s promedio ponderada del 4.51%.
Postal AG真人官方ty Trust (NYSE:PSTL)電� 2025雲� 2攵勱赴鞐� 臧曤牓頃� 鞁れ爜鞚� 氤搓碃頃橂┌ 韽姼韽措Μ鞓り皜 韥矊 靹膘灔頃橁碃 臧�鞚措崢鞀るゼ 臧滌劆頄堨姷雼堧嫟. 須岇偓電� 鞝勲厔 霃欔赴 雽�牍� 29% 毵れ稖 靹膘灔鞚� 雼劚頄堨溂氅�, 靾滌澊鞚� 360毵� 雼煬(頋劃 欤茧嫻 0.12雼煬)毳� 旮半頄堨姷雼堧嫟.
欤检殧 雮挫毄鞙茧電� 68臧滌潣 USPS 攵�霃欖偘鞚� 3,590毵� 雼煬鞐� 鞚胳垬頄堨溂氅�, 臧�欷戫弶攴� 鞛愲掣頇橃洂鞙潃 7.8%鞓�鞀惦媹雼�. 1,806臧� 攵�霃欖偘鞐愳劀 99.8%鞚� 鞛勲寑鞙�鞚� 鞙犾頄堨姷雼堧嫟. 須岇偓電� 2025雲� AFFO 臧�鞚措崢鞀るゼ 頋劃 欤茧嫻 1.24~1.26雼煬搿� 靸來枼 臁办爼頄堨溂氅�, 鞚措姅 鞚挫爠 臧�鞚措崢鞀る炒雼� 0.04雼煬 靸侅姽頃� 靾橃箻鞛呺媹雼�. 霕愴暅 鞚胳垬 鞛愱笀 毵堧牗鞚� 鞙勴暣 ATM 頂勲攴鸽灗鞚� 韱淀暣 1,280毵� 雼煬毳� 臁半嫭頄堨姷雼堧嫟.
攵勱赴氤� 氚半嫻旮堨潃 欤茧嫻 0.2425雼煬(鞐绊櫂靷� 0.97雼煬)搿� 靹犾柛頄堨溂氅�, 3鞏� 2,800毵� 雼煬鞚� 靾滊秬毂�鞕� 4.51%鞚� 臧�欷戫弶攴� 鞚挫瀽鞙 瓴碃頃� 鞛甑“毳� 鞙犾頃橁碃 鞛堨姷雼堧嫟.
Postal AG真人官方ty Trust (NYSE:PSTL) a annonc茅 de solides r茅sultats pour le deuxi猫me trimestre 2025, avec une croissance significative de son portefeuille et des pr茅visions am茅lior茅es. La soci茅t茅 a r茅alis茅 une croissance du chiffre d'affaires de 29 % en glissement annuel et a d茅clar茅 un b茅n茅fice net de 3,6 millions de dollars (0,12 dollar par action dilu茅e).
Les points cl茅s incluent l'acquisition de 68 propri茅t茅s USPS pour 35,9 millions de dollars avec un taux de capitalisation moyen pond茅r茅 de 7,8 %, et le maintien d'un portefeuille occup茅 脿 99,8 % sur 1 806 propri茅t茅s. La soci茅t茅 a relev茅 ses pr茅visions d'AFFO 2025 脿 1,24-1,26 dollar par action dilu茅e, en hausse de 0,04 dollar par rapport aux pr茅visions pr茅c茅dentes, et a lev茅 12,8 millions de dollars via son programme ATM pour financer des acquisitions.
La soci茅t茅 a d茅clar茅 un dividende trimestriel de 0,2425 dollar par action (0,97 dollar annualis茅) et maintient un bilan solide avec 328 millions de dollars de dette nette 脿 un taux d'int茅r锚t moyen pond茅r茅 de 4,51 %.
Postal AG真人官方ty Trust (NYSE:PSTL) meldete starke Ergebnisse f眉r das zweite Quartal 2025 mit erheblichem Portfoliowachstum und verbesserter Prognose. Das Unternehmen erzielte ein Umsatzwachstum von 29 % im Jahresvergleich und meldete einen Nettogewinn von 3,6 Millionen US-Dollar (0,12 US-Dollar pro verw盲sserter Aktie).
Wesentliche Highlights sind der Erwerb von 68 USPS-Immobilien f眉r 35,9 Millionen US-Dollar bei einer gewichteten durchschnittlichen Kapitalisierungsrate von 7,8 % sowie die Aufrechterhaltung eines 99,8 % belegten Portfolios mit 1.806 Immobilien. Das Unternehmen erh枚hte seine AFFO-Prognose f眉r 2025 auf 1,24-1,26 US-Dollar pro verw盲sserter Aktie, was eine Steigerung von 0,04 US-Dollar gegen眉ber der vorherigen Prognose darstellt, und sammelte 12,8 Millionen US-Dollar 眉ber sein ATM-Programm zur Finanzierung von Akquisitionen ein.
Das Unternehmen erkl盲rte eine Quartalsdividende von 0,2425 US-Dollar pro Aktie (0,97 US-Dollar auf Jahresbasis) und verf眉gt 眉ber eine solide Bilanz mit 328 Millionen US-Dollar Nettoverschuldung zu einem gewichteten durchschnittlichen Zinssatz von 4,51 %.
- 29% year-over-year revenue growth in Q2 2025
- Portfolio occupancy remains extremely high at 99.8%
- Acquired 68 USPS properties at attractive 7.8% cap rate
- Increased 2025 AFFO guidance by $0.04 per share
- Successfully executed 161 new USPS leases for 2025
- 86% of debt is fixed-rate, providing interest rate protection
- Net debt increased to $328 million
- Potential dilution from ATM equity issuance of 867,083 shares
- Increased cash G&A expense guidance to $10.5-$11.5 million
Insights
PSTL raises 2025 AFFO guidance after strong Q2 performance with 29% revenue growth and strategic USPS property acquisitions at 7.8% cap rate.
Postal AG真人官方ty Trust has delivered impressive second quarter results with
The REIT acquired 68 USPS properties for
Portfolio metrics show excellent fundamentals with
The company's leasing activities with the USPS appear robust, with 161 fully executed new leases for 2025 expirations already completed. This lease renewal success is crucial for maintaining steady cash flows and demonstrates the strength of their relationship with their primary tenant.
From a balance sheet perspective, PSTL has maintained financial discipline with
The acquisition pipeline remains strong with 24 properties under contract for
- Increased 2025 AFFO Guidance
- Acquired 68 USPS Properties for
- Raised
CEDARHURST, N.Y., Aug. 04, 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 2,150 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 June听30, 2025.
Highlights for the Quarter Ended June听30, 2025
29% growth in revenues from second quarter 2024 to second quarter 2025- Net income attributable to common shareholders of
$3.6 million , or$0.12 per diluted share - Funds from Operations ("FFO") of
$10.8 million , or$0.35 per diluted share - Adjusted Funds from Operations ("AFFO") of
$10.4 million , or$0.33 per diluted share - Acquired 68 USPS properties for approximately
$35.9 million , excluding closing costs, at a weighted average capitalization rate of7.8% - Subsequent to quarter end, the Company announced a quarterly dividend of
$0.24 25 per share
"We are very pleased with our results for the second quarter and year to date," said Andrew Spodek, Chief Executive Officer. "Our continued success in executing 10-year leases with annual rent escalations, adding mission critical postal properties to our portfolio, and maintaining a strong balance sheet has enhanced the clarity of our earnings power and cash flows, positioning us to increase our inaugural AFFO per share guidance. Our relationship with our tenant, the U.S. Postal Service, remains stronger than ever. We remain committed to executing our strategy of disciplined growth through the prudent scaling of our platform, delivering consistent internal and external growth, and we believe we are well positioned to drive long-term shareholder value in the quarters ahead."
Property Portfolio & Acquisitions
The Company鈥檚 owned portfolio was
During the second quarter, the Company acquired 68 last-mile and flex properties leased to the USPS for approximately
Leasing
As of July 18, 2025, the Company received a total of 161 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. The total lump sum catch-up payment received from the USPS was approximately
Balance Sheet & Capital Markets Activity
As of June听30, 2025, the Company had approximately
During the second quarter and through July 18, 2025, the Company issued 867,083 shares of common stock through its at-the-market equity offering program at an average price of
Dividend
On July 21, 2025, the Company announced a quarterly dividend of
Subsequent Events
Subsequent to quarter end and through July 18, 2025, the Company acquired 23 properties comprising approximately 60,000 net leasable interior square feet for approximately
Full Year 2025 Guidance
| Full Year 2025 Guidance | ||||||||||
| 听 | Prior Guidance | Current Guidance | ||||||||
| 听 | Low | 听 | High | Low | 听 | High | ||||
| AFFO per Diluted Share | to | to | ||||||||
| Acquisition Volume | to | Meet or exceed | ||||||||
| Cash G&A Expense | to | to | ||||||||
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 second quarter 2025 financial results on Tuesday, August 05, 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 1-844-825-9789. International callers should dial 1-412-317-5180.
Replay
A telephonic replay of the call will be available starting at 1:00 P.M. Eastern Time on Tuesday, August 05, 2025, through 11:59 P.M. Eastern Time on Tuesday, August 19, 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 10201892.
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's 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's 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, non-real estate depreciation and amortization, non-cash components of compensation expense and casualty losses (recoveries) (which beginning in Q2 2025, includes income (expenses) on insurance recoveries from casualties) and, for periods prior to Q2 2025, income (expenses) on insurance recoveries from casualties. 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's 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's ability to make capital investments. Other REITs may not define AFFO in the same manner as the Company does and therefore the Company's 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 June听30, 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 2,150 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.听 | |||||||||||||||
| Consolidated Statements of Operations | |||||||||||||||
| (Unaudited) | |||||||||||||||
| (in thousands, except share and per share data) | |||||||||||||||
| 听 | |||||||||||||||
| 听 | For the Three Months Ended June 30, | 听 | For the Six Months Ended June 30, | ||||||||||||
| 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 | 听 | 听 | 2025 | 听 | 听 | 听 | 2024 | 听 |
| Revenues: | 听 | 听 | 听 | 听 | 听 | ||||||||||
| Rental income | $ | 22,730 | 听 | 听 | $ | 17,364 | 听 | 听 | $ | 44,210 | 听 | 听 | $ | 33,969 | 听 |
| Fee and other | 听 | 621 | 听 | 听 | 听 | 686 | 听 | 听 | 听 | 1,291 | 听 | 听 | 听 | 1,369 | 听 |
| Total revenues | 听 | 23,351 | 听 | 听 | 听 | 18,050 | 听 | 听 | 听 | 45,501 | 听 | 听 | 听 | 35,338 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Operating expenses: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| AG真人官方 estate taxes | 听 | 2,773 | 听 | 听 | 听 | 2,385 | 听 | 听 | 听 | 5,422 | 听 | 听 | 听 | 4,687 | 听 |
| Property operating expenses | 听 | 1,984 | 听 | 听 | 听 | 2,118 | 听 | 听 | 听 | 4,445 | 听 | 听 | 听 | 4,471 | 听 |
| General and administrative | 听 | 4,316 | 听 | 听 | 听 | 3,920 | 听 | 听 | 听 | 9,252 | 听 | 听 | 听 | 8,213 | 听 |
| Casualty and impairment losses (gains), net | 听 | (345 | ) | 听 | 听 | 鈥� | 听 | 听 | 听 | (195 | ) | 听 | 听 | 鈥� | 听 |
| Depreciation and amortization | 听 | 5,914 | 听 | 听 | 听 | 5,518 | 听 | 听 | 听 | 11,538 | 听 | 听 | 听 | 10,819 | 听 |
| Total operating expenses | 听 | 14,642 | 听 | 听 | 听 | 13,941 | 听 | 听 | 听 | 30,462 | 听 | 听 | 听 | 28,190 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Loss on sale of real estate assets | 听 | 鈥� | 听 | 听 | 听 | 鈥� | 听 | 听 | 听 | (49 | ) | 听 | 听 | 鈥� | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Income from operations | 听 | 8,709 | 听 | 听 | 听 | 4,109 | 听 | 听 | 听 | 14,990 | 听 | 听 | 听 | 7,148 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Other income | 听 | 鈥� | 听 | 听 | 听 | 15 | 听 | 听 | 听 | 30 | 听 | 听 | 听 | 65 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Interest expense, net: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Contractual interest expense | 听 | (3,817 | ) | 听 | 听 | (2,888 | ) | 听 | 听 | (7,254 | ) | 听 | 听 | (5,525 | ) |
| Write-off and amortization of deferred financing fees and amortization of debt discount | 听 | (211 | ) | 听 | 听 | (181 | ) | 听 | 听 | (422 | ) | 听 | 听 | (362 | ) |
| Interest income | 听 | 1 | 听 | 听 | 听 | 5 | 听 | 听 | 听 | 7 | 听 | 听 | 听 | 6 | 听 |
| Total interest expense, net | 听 | (4,027 | ) | 听 | 听 | (3,064 | ) | 听 | 听 | (7,669 | ) | 听 | 听 | (5,881 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Income before income tax expense | 听 | 4,682 | 听 | 听 | 听 | 1,060 | 听 | 听 | 听 | 7,351 | 听 | 听 | 听 | 1,332 | 听 |
| Income tax expense | 听 | (10 | ) | 听 | 听 | (28 | ) | 听 | 听 | (24 | ) | 听 | 听 | (44 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Net income | 听 | 4,672 | 听 | 听 | 听 | 1,032 | 听 | 听 | 听 | 7,327 | 听 | 听 | 听 | 1,288 | 听 |
| Net income attributable to operating partnership unitholders鈥� non-controlling interests | 听 | (1,058 | ) | 听 | 听 | (215 | ) | 听 | 听 | (1,631 | ) | 听 | 听 | (265 | ) |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Net income attributable to common stockholders | $ | 3,614 | 听 | 听 | $ | 817 | 听 | 听 | $ | 5,696 | 听 | 听 | $ | 1,023 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Net income per share: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Basic and Diluted | $ | 0.12 | 听 | 听 | $ | 0.02 | 听 | 听 | $ | 0.19 | 听 | 听 | $ | 0.01 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Weighted average common shares outstanding: | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Basic and Diluted | 听 | 23,509,083 | 听 | 听 | 听 | 22,339,245 | 听 | 听 | 听 | 23,375,607 | 听 | 听 | 听 | 22,192,277 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||||||||
| Postal AG真人官方ty Trust, Inc. | |||||||
| Consolidated Balance Sheets | |||||||
| (Unaudited) | |||||||
| (In thousands, except par value and share data) | |||||||
| 听 | |||||||
| 听 | June 30, 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 | $ | 140,831 | 听 | 听 | $ | 128,457 | 听 |
| Building and improvements | 听 | 554,644 | 听 | 听 | 听 | 512,248 | 听 |
| Tenant improvements | 听 | 7,874 | 听 | 听 | 听 | 7,501 | 听 |
| Total real estate properties, at cost | 听 | 703,349 | 听 | 听 | 听 | 648,206 | 听 |
| Less: Accumulated depreciation | 听 | (66,023 | ) | 听 | 听 | (58,175 | ) |
| Total real estate properties, net | 听 | 637,326 | 听 | 听 | 听 | 590,031 | 听 |
| Investment in financing leases, net | 听 | 15,897 | 听 | 听 | 听 | 15,951 | 听 |
| Total real estate investments, net | 听 | 653,223 | 听 | 听 | 听 | 605,982 | 听 |
| Cash | 听 | 1,080 | 听 | 听 | 听 | 1,799 | 听 |
| Escrow and reserves | 听 | 1,007 | 听 | 听 | 听 | 744 | 听 |
| Rent and other receivables | 听 | 5,237 | 听 | 听 | 听 | 6,658 | 听 |
| Prepaid expenses and other assets, net | 听 | 9,848 | 听 | 听 | 听 | 14,519 | 听 |
| Goodwill | 听 | 1,536 | 听 | 听 | 听 | 1,536 | 听 |
| Deferred rent receivable | 听 | 3,880 | 听 | 听 | 听 | 2,639 | 听 |
| In-place lease intangibles, net | 听 | 13,123 | 听 | 听 | 听 | 12,636 | 听 |
| Above market leases, net | 听 | 251 | 听 | 听 | 听 | 305 | 听 |
| Assets held for sale, net | 听 | 637 | 听 | 听 | 听 | 鈥� | 听 |
| Total Assets | $ | 689,822 | 听 | 听 | $ | 646,818 | 听 |
| 听 | 听 | 听 | 听 | ||||
| Liabilities and Equity | 听 | 听 | 听 | ||||
| Liabilities: | 听 | 听 | 听 | ||||
| Term loans, net | $ | 249,012 | 听 | 听 | $ | 248,790 | 听 |
| Revolving credit facility | 听 | 46,000 | 听 | 听 | 听 | 14,000 | 听 |
| Secured borrowings, net | 听 | 33,823 | 听 | 听 | 听 | 33,918 | 听 |
| Accounts payable, accrued expenses and other, net | 听 | 17,367 | 听 | 听 | 听 | 16,441 | 听 |
| Below market leases, net | 听 | 19,066 | 听 | 听 | 听 | 16,171 | 听 |
| Total Liabilities | 听 | 365,268 | 听 | 听 | 听 | 329,320 | 听 |
| Commitments and Contingencies | 听 | 听 | 听 | ||||
| Equity: | 听 | 听 | 听 | ||||
| Class A common stock, par value | 听 | 242 | 听 | 听 | 听 | 235 | 听 |
| Class B common stock, par value | 听 | 鈥� | 听 | 听 | 听 | 鈥� | 听 |
| Additional paid-in capital | 听 | 318,914 | 听 | 听 | 听 | 310,031 | 听 |
| Accumulated other comprehensive income | 听 | 1,744 | 听 | 听 | 听 | 5,230 | 听 |
| Accumulated deficit | 听 | (70,098 | ) | 听 | 听 | (64,211 | ) |
| Total Stockholders鈥� Equity | 听 | 250,802 | 听 | 听 | 听 | 251,285 | 听 |
| Operating partnership unitholders鈥� non-controlling interests | 听 | 73,752 | 听 | 听 | 听 | 66,213 | 听 |
| Total Equity | 听 | 324,554 | 听 | 听 | 听 | 317,498 | 听 |
| Total Liabilities and Equity | $ | 689,822 | 听 | 听 | $ | 646,818 | 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 June 30, 2025 | ||
| 听 | 听 | 听 | ||
| Net income | 听 | $ | 4,672 | 听 |
| Depreciation and amortization of real estate assets | 听 | 听 | 5,887 | 听 |
| Impairment charges | 听 | 听 | 193 | 听 |
| FFO | 听 | $ | 10,752 | 听 |
| Recurring capital expenditures | 听 | 听 | (127 | ) |
| 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 | (775 | ) |
| Fair value lease adjustments | 听 | 听 | (913 | ) |
| Acquisition-related and other expenses | 听 | 听 | 158 | 听 |
| Casualty losses (gains), net | 听 | 听 | (538 | ) |
| Non-real estate depreciation and amortization | 听 | 听 | 27 | 听 |
| Non-cash components of compensation expense | 听 | 听 | 1,593 | 听 |
| AFFO | 听 | $ | 10,388 | 听 |
| FFO per common share and common unit outstanding | 听 | $ | 0.35 | 听 |
| AFFO per common share and common unit outstanding | 听 | $ | 0.33 | 听 |
| Weighted average common shares and common units outstanding, basic and diluted | 听 | 听 | 31,088,102 | 听 |
FAQ
What were Postal AG真人官方ty Trust's (PSTL) key financial results for Q2 2025?
How many properties did PSTL acquire in Q2 2025 and at what cap rate?
What is PSTL's updated AFFO guidance for 2025?
What is PSTL's current dividend and when is it payable?
What is the occupancy rate and size of PSTL's portfolio as of Q2 2025?
