Latest news with #AndrewSpodek
Yahoo
19-05-2025
- Business
- Yahoo
Postal Realty Trust to Present at Nareit's REITweek 2025
CEDARHURST, N.Y., May 19, 2025 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the 'Company'), an internally managed real estate investment trust that owns and manages over 2,150 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: 2025 Investor Conference on Wednesday, June 4, 2025, at 11:00 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 2 to Wednesday, June 4, 2025. About Postal Realty Trust, Inc. Postal Realty 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 Contact:Investor Relations and Media RelationsEmail: Investorrelations@ (516) 232-8900
Globe and Mail
19-05-2025
- Business
- Globe and Mail
Postal Realty Trust to Present at Nareit's REITweek 2025
CEDARHURST, N.Y., May 19, 2025 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the 'Company'), an internally managed real estate investment trust that owns and manages over 2,150 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: 2025 Investor Conference on Wednesday, June 4, 2025, at 11:00 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 2 to Wednesday, June 4, 2025. About Postal Realty Trust, Inc. Postal Realty 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
Yahoo
19-05-2025
- Business
- Yahoo
Postal Realty Trust to Present at Nareit's REITweek 2025
CEDARHURST, N.Y., May 19, 2025 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the 'Company'), an internally managed real estate investment trust that owns and manages over 2,150 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: 2025 Investor Conference on Wednesday, June 4, 2025, at 11:00 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 2 to Wednesday, June 4, 2025. About Postal Realty Trust, Inc. Postal Realty 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 Contact:Investor Relations and Media RelationsEmail: Investorrelations@ (516) 232-8900Sign in to access your portfolio
Yahoo
20-03-2025
- Business
- Yahoo
Here's How You Can Earn $100 In Passive Income By Investing In Postal Realty Trust Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Postal Realty Trust (NYSE:PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the U.S. Postal Service. It will report its Q1 2025 earnings on May 6. Wall Street analysts expect the company to post EPS of $0.01, down from $0.25 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $18.17 million, up from $17.29 million a year earlier. The 52-week range of Postal Realty Trust stock price was $12.26 to $15.15. Postal Realty Trust's dividend yield is 6.89%. It paid $0.97 per share in dividends during the last 12 months. Don't Miss: If there was a new fund backed by Jeff Bezos offering a ? Many don't know there are tax benefits when buying a unit as an investment — On Feb. 26, the company announced its Q4 2024 earnings, posting FFO of $0.35, compared to the consensus estimate of $0.23, and revenues of $21.37 million, compared to the consensus of $18.32 million, as reported by Benzinga. 'Our success during 2024 has provided us with the visibility to provide AFFO guidance for the first time as a public company of $1.20 to $1.22 per diluted share for 2025. Postal Realty is well positioned for continued internal and external growth, and we remain confident in the strength of our partnership with the Postal Service,' said CEO Andrew Spodek. Trending: CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast — If you want to make $100 per month — $1,200 annually — from Postal Realty Trust dividends, your investment value needs to be approximately $17,417, which is around 1,224 shares at $14.23 each. Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (6.89% in this case). So, $1,200 / 0.0689 = $17,417 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock. The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find Postal Realty Trust stock an attractive option for making a steady income of $100 per month by owning 1,224 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Postal Realty Trust has raised its dividend consecutively for the last seven years. Check out this article by Benzinga for three more stocks offering high dividend yields. Real estate is a great way to diversify your portfolio and earn high returns, but it can also be a big hassle. Luckily, there are other ways to tap into the power of real estate without owning property. Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, Looking for fractional real estate investment opportunities? The features the latest offerings. This article Here's How You Can Earn $100 In Passive Income By Investing In Postal Realty Trust Stock originally appeared on Sign in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
Postal Realty Trust Inc (PSTL) Q4 2024 Earnings Call Highlights: Strong AFFO Growth and Robust ...
Release Date: February 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Postal Realty Trust Inc (NYSE:PSTL) reported a strong AFFO per share of $1.16 for 2024, marking an 8.4% increase year-over-year and exceeding street consensus by over 9%. The company successfully acquired 197 properties in 2024 for $91 million at a weighted average cap rate of 7.6%, demonstrating robust acquisition activity. Postal Realty Trust Inc (NYSE:PSTL) maintained a high occupancy rate of 99.8% and a lease retention rate of 99% with the postal service over the past decade. The company increased its term loan commitments by $50 million and expanded its term loan accordion by another $50 million, reflecting strong lender support. Postal Realty Trust Inc (NYSE:PSTL) announced a quarterly dividend increase to $0.25 per share, marking the seventh consecutive year of dividend growth. The company faces potential risks from the postal service's cost-cutting measures, which include eliminating unnecessary facilities, though it currently believes its properties are not affected. Postal Realty Trust Inc (NYSE:PSTL) anticipates a slight increase in cash GNA expenses for 2025, which could impact overall profitability. The company's debt has a weighted average maturity of three years, with significant maturities beginning in 2027, which may pose refinancing risks. Despite a strong acquisition pipeline, the projected acquisition volume for 2025 is slightly lower than 2024, ranging from $80 to $90 million. The company has one remaining vacancy across its portfolio, indicating a need for continued focus on maintaining full occupancy. Warning! GuruFocus has detected 9 Warning Signs with PSTL. Q: With the change in Postmaster General, will there be any changes to the lease agreements for Postal Realty Trust? A: Andrew Spodek, CEO, stated that the change in Postmaster General does not affect the lease documents. The company continues to work effectively with the postal service to stay ahead of lease agreements, and the leases represent only 1.5% of the postal service's total operating expenses, making it a low priority for change. Q: The postal service plans to save $36 billion over the next decade, partly by eliminating unnecessary facilities. Does this include post offices? A: Andrew Spodek, CEO, clarified that the postal service's cost-cutting measures do not target the facilities Postal Realty Trust invests in. The postal service has indicated no changes to their retail network, which includes the properties owned by Postal Realty Trust. Q: How does the postal service's regional transportation optimization initiative affect Postal Realty Trust's acquisition strategy? A: Andrew Spodek, CEO, explained that the acquisition strategy considers the critical nature of properties to the postal service's operations. Any shifts in postal service logistics are factored into the decision-making process when acquiring new properties. Q: What are the main offsets to internal growth and growth through acquisitions for 2025? A: Robert Klein, CFO, mentioned that the primary factors include recurring capital expenditures and adjustments from FFO to AFFO. Acquisitions also impact both the top and bottom lines, but the main drivers have been outlined in their guidance. Q: How do properties in Postal Realty Trust's portfolio compare to those before acquisition? A: Andrew Spodek, CEO, emphasized that the platform adds value through economies of scale, operational efficiencies, and effective lease negotiations, enhancing the properties' performance once they are part of the portfolio. Q: What is the impact of catch-up rent payments on the fourth quarter's top-line revenue, and what is the expected run rate for next year? A: Robert Klein, CFO, explained that the company is now caught up with 95% of 2023 and 99% of 2024 leases. The run rate for the year is based on these executed leases, and the contractual rent escalators are outlined in their presentation. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
