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Stock impact report

KBRA Assigns BBB Issuer Rating to Postal Realty LP

Postal Realty Trust, Inc. Class A (PSTL) 
Last postal realty trust, inc. class a earnings: 3/25 04:05 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--KBRA assigns its BBB issuer rating to Postal Realty LP (NYSE: PSTL). The Outlook is Stable.PSTL is an equity REIT focused on the acquisition, ownership, and management of properties leased to the United States Postal Service (USPS). All the company’s operations are conducted through a subsidiary, Postal Realty LP, which is 79% owned by the public REIT.Founded in 2004 and public since 2019, Postal Realty Trust, Inc. is a REIT focused on USPS-leased properties. USPS operates from more than 31,000 locations, with approximately 23,000 facilities leased from third parties. Postal is the largest single owner of USPS properties, with 1,917 owned properties (about 8% of all leased facilities).Key Credit ConsiderationsThe issuer rating reflects Postal’s consistent cash flow generation from a highly diversified portfolio of USPS-leased properties, a long-standing record of nearly 100% lease renewal and portfolio occupancy, predictable operating margins and recurri Show less Read more
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