February 27, 2025 - 13:16
Postal Realty Trust, Inc. has reported impressive results for the fourth quarter and the year ending 2024, highlighting its robust growth and strategic initiatives. The company introduced its 2025 Adjusted Funds from Operations (AFFO) guidance, projecting between $1.20 to $1.22 per diluted share, signaling confidence in its operational performance.
In a notable achievement, Postal Realty executed new leases featuring 3% annual rent escalations with a ten-year term, ensuring stable revenue growth. The company also made significant acquisitions in 2024, totaling $91 million at an average capitalization rate of 7.6%, further expanding its portfolio of over 2,000 properties primarily leased to postal service operators.
Additionally, Postal Realty Trust has raised its dividend per share for the seventh consecutive year, demonstrating its commitment to returning value to shareholders. These developments reflect the company's strategic focus on long-term growth and stability in the competitive real estate market.
