NYSE$PSTL

Postal Realty Trust Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported third quarter results with significant rental income growth and strategic acquisitions.

Postal Realty Trust reported a strong third quarter, marked by a 70% increase in rental income compared to the same period last year and the acquisition of 59 USPS properties for $19.2 million. The company also raised its quarterly dividend for the ninth consecutive quarter and entered into a new $150 million senior unsecured revolving credit facility and a $50 million senior unsecured term loan.

  • Completed acquisitions of 59 properties for approximately $19.2 million.
  • Experienced 70% growth in rental income compared to the third quarter of 2020.
  • Net income attributable to common shareholders was $0.5 million, or $0.03 per diluted share.
  • Raised quarterly dividend by approximately 4.7% from the prior year to $0.2250 per share.

Headline financials

Total Revenue

$10.5M

Previous: $6.3M+67.2%
EPS (adj)

$0.27

Previous: $0.24+12.5%
Capital Expenditures

-$1.07M

Previous: -$549K-94.7%
Free Cash Flow

-$538K

Previous: -$564K+4.6%
Net Income

$531K

Previous: -$15.2K+3597.1%
Operating Income

$1.58M

Previous: $617K+156.5%
Gross Profit

$10.5M

Previous: $6.3M+67.2%
Cash & Equivalents

$4M

Previous: $7.79M-48.7%
Total Assets

$332M

Previous: $200M+66.1%
Stock-Based Comp

$836K

Previous: $570K+46.7%

Revenue & EPS history

Postal Realty Trust · Revenue · Quarterly

$10.5M

Q3 2021+67.2%vs Q3 2020
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Forward guidance

Company expects to continue expanding its portfolio in the coming years through the addition of last mile, flex and industrial USPS properties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+2.6%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+1.8%

Avg return

30 days after

68%

19 / 28 earnings

Positive

+22.6%

Q4 2019

Best reaction

-4.9%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.7%+6.6%+3.6%
Q4 2025+3.6%+7.7%-5.9%
Q3 2025+3.3%+5.6%+2.4%
Q1 2025-3.7%-4.1%+4.5%
Q4 2024+13.0%+11.8%+13.1%
Q3 2024+1.6%+1.2%-2.4%
Q2 2024+2.3%+1.7%+2.6%
Q1 2024-1.5%-1.5%-4.6%
Q4 2023+0.9%+2.3%+1.9%
Q3 2023-0.7%+4.0%+4.8%
Q2 2023+0.0%-0.4%-2.9%
Q1 2023-0.1%-2.0%-4.7%
Q4 2022+0.9%+3.6%+4.0%
Q3 2022+0.8%+1.1%-1.3%
Q2 2022+2.0%-2.6%-11.7%
Q1 2022-4.9%-5.0%-5.1%
Q4 2021-0.8%-2.1%-4.8%
Q3 2021+0.3%-3.6%-10.1%
Q2 2021+2.6%+1.2%-3.1%
Q1 2021+1.6%+0.0%+4.3%
Q4 2020+4.2%+8.6%+19.0%
Q3 2020+4.1%+5.3%+8.5%
Q2 2020-2.5%-4.5%-4.3%
Q1 2020+12.7%+20.5%+11.7%
Q4 2019+22.6%+22.8%+28.5%
Q3 2019-2.2%-1.3%-1.7%
Q2 2019+2.8%+4.6%+2.5%
Q1 2019+8.5%+8.7%+1.5%
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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