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Stock impact report

Postal Realty Trust Closes on $8.7 Million Portfolio

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
- Provides Acquisition Activity Update for 2019 and 2020 - CEDARHURST, N.Y.--(BUSINESS WIRE)--Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns properties leased to the United States Postal Service (“USPS”), today announced it has closed on a $8.7 million portfolio with an unrelated third party owner of 42 properties leased to the USPS.The portfolio is comprised of approximately 108,000 net leasable interior square feet generating a weighted average rent per net leasable interior square foot of $7.75.Andrew Spodek, Chief Executive Officer of Postal Realty Trust stated, “We have begun 2020 with two sizable acquisitions, closing a 21-property portfolio to start the year and closing out the month of January with this 42-property portfolio. We were also able to increase our credit facility to $150 million in order to provide additional financial capacity. We continue to uncover a wide variety of opportunities and have po Show less Read more
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