NYSE$PSTL
Postal Realty Trust Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Postal Realty Trust reported its fourth quarter and full-year 2024 financial results, highlighting strong operational performance, successful re-leasing efforts, and increased dividends.
Postal Realty Trust, Inc. announced a strong operational year in 2024, driven by successful re-leasing with 3% annual rent escalations and 10-year lease terms. The company reported a fourth-quarter AFFO of $10.6 million and full-year AFFO of $33.7 million, an 8.4% increase from 2023. They also provided 2025 AFFO guidance of $1.20 to $1.22 per diluted share.
- Acquired 63 USPS properties for approximately $30.7 million in Q4 2024.
- Reported Q4 2024 net income attributable to common shareholders of $4.5 million, or $0.17 per diluted share.
- Achieved Q4 2024 Adjusted Funds from Operations (AFFO) of $10.6 million, or $0.35 per diluted share.
- Raised the quarterly dividend to $0.2425 per share, a 1.0% increase over Q4 2023.
Headline financials
Revenue & EPS history
Postal Realty Trust · Revenue · Quarterly
$21.4M
Forward guidance
The Company expects 2025 AFFO per share on a fully diluted basis to be within a range of $1.20 to $1.22, with an estimated investment volume of $80 million to $90 million and Cash G&A expense of $10.5 million to $11.0 million.
Tailwinds
- Introduction of 2025 AFFO guidance, indicating confidence in future performance.
- Expected AFFO per share growth from 2024 to 2025.
- Continued internal growth fueled by successful re-leasing with 3% annual rent escalations and 10-year lease terms.
- Well-positioned for continued internal and external growth.
- Confidence in the strength of partnership with the Postal Service.
Headwinds
- Guidance does not provide reconciliation to GAAP due to inherent difficulty in forecasting certain amounts.
- Potential for impairments of assets, gains and losses from sales of assets, and depreciation and amortization from new acquisitions to affect net income.
- Certain non-recurring items may significantly affect net income but are generally adjusted for in AFFO.
- The dollar amounts of these items could be significant and materially impact GAAP results.
- No specific negative factors were highlighted in the guidance summary, but general market risks apply.
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 2024
+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
| Quarter | Report date | Reaction (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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