Postal Realty Trust, Inc. (PSTL) Q4 2024 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2025
0mins
Source: SeekingAlpha
AFFO per share $1.16, an increase of 8.4% year-over-year due to strong re-leasing performance and improved efficiency in the re-leasing process.
Funds from Operations (FFO) $0.30 per diluted share, no year-over-year change mentioned.
Adjusted Funds from Operations (AFFO) $0.35 per diluted share, no year-over-year change mentioned.
Quarterly dividend $0.2425 per share, up 1% from Q4 2023's dividend, marking the 7th consecutive year of dividend increase.
Debt outstanding Weighted average interest rate of 4.35% with a weighted average maturity of 3 years, no significant debt maturities until 2027.
Net debt to annualized adjusted EBITDA ratio 5.2x at the end of the year, improved due to successful re-leasing.
Same-store cash NOI growth for 2023 5.5%, updated due to additional executed leases.
Same-store cash NOI growth for 2024 4.4%, updated due to additional executed leases.
Recurring CapEx for Q4 2024 $184,000, with an anticipated figure of around $100,000 for Q1 2025.
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Analyst Views on PSTL
Wall Street analysts forecast PSTL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSTL is 15.50 USD with a low forecast of 15.00 USD and a high forecast of 16.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
3 Hold
0 Sell
Moderate Buy
Current: 17.670
Low
15.00
Averages
15.50
High
16.50
Current: 17.670
Low
15.00
Averages
15.50
High
16.50
About PSTL
Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,100 properties leased primarily to the United States Postal Service (USPS). The Company conducts its business through a traditional UPREIT structure in which its properties are owned by its Postal Realty LP (Operating Partnership) directly or through limited partnerships, limited liability companies or other subsidiaries. The Company is focused on acquiring and managing properties ranging from last-mile post offices to industrial facilities. Its portfolio includes Featured Properties and Dedicated Properties. The Company's Featured Properties are located in Bishopville, South Carolina; Gray, Louisiana; Pauline, Kansas; Reedville, Virginia; Warrendale, Pennsylvania, and others. Its Dedicated Properties are located in Pleasanton, Texas; Alpha, Illinois; Providence, Rhode Island; Roanoke Rapids, North Carolina; Baltimore, Maryland; Staten Island, New York, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Postal Realty Trust Acquires 216 Properties for $123 Million in 2025
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- Asset Growth: The acquisitions in 2025 resulted in a 20% increase in the company's asset base, thereby enhancing its competitiveness in the postal service market and further solidifying its market position.
- Financial Stability: By the end of 2025, 89% of the company's debt was at fixed rates with no maturities until 2028, ensuring financial stability and reducing interest rate risk, with an average rate of 4.38%.
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