NYSE$PSTL

Postal Realty Trust Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported fourth quarter and year end results, highlighted by acquisitions and dividend increase.

Postal Realty Trust reported a strong fourth quarter and year-end for 2021, marked by significant acquisitions of USPS properties and a continued increase in dividends. The company acquired 55 USPS properties during the quarter for $42.8 million and raised approximately $83.1 million through the sale of Class A common stock.

  • Acquired 55 USPS properties for approximately $42.8 million in Q4 2021.
  • Rental income increased 49% compared to Q4 2020.
  • Net income attributable to common shareholders was $0.8 million, or $0.04 per diluted share.
  • Raised approximately $83.1 million in gross proceeds from the sale of approximately 4.9 million shares of Class A common stock.

Headline financials

Total Revenue

$11.1M

Previous: $7.58M+46.9%
EPS (adj)

$0.25

Previous: $0.28-10.7%
Net Income

$933K

Previous: $491K+90.0%
Operating Income

$1.71M

Previous: $1.4M+22.3%
Gross Profit

$8.33M

Previous: $5.96M+39.9%
Cash & Equivalents

$5.86M

Previous: $2.2M+166.2%
Total Assets

$378M

Previous: $259M+45.9%
Stock-Based Comp

$968K

Previous: $538K+79.9%

Revenue & EPS history

Postal Realty Trust · Revenue · Quarterly

$11.1M

Q4 2021+46.9%vs Q4 2020
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

The company will continue to invest in its platform to support its efforts to more effectively scale the business and maximize long-term value for shareholders.

Tailwinds

  • Continuing to invest in platform to support scaling the business.
  • Positioned as a leading consolidator in the industry.
  • Taking advantage of a large, fragmented logistics network.
  • Building out pipeline of opportunities.
  • Aiming to maximize long-term value for shareholders.

Headwinds

  • USPS terminations or non-renewals of leases.
  • Changes in demand for postal services delivered by the USPS.
  • The solvency and financial health of the USPS.
  • Disruption in market, economic and financial conditions as a result of the ongoing COVID-19 pandemic.
  • General real estate market conditions.

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 Q4 2021

Historical avgQ4 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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