P
ostal Realty Trust, Inc. Announces Strong 2024 Performance and Provides 2025 AFFO Guidance
The company reported a successful year in 2024, marked by significant operational achievements and financial growth. Key highlights include:
* Acquiring 197 USPS properties for approximately $91 million
* Achieving 20% increase in rental income from 2023 to 2024
* Executing new leases with 3% annual rent escalations and 10-year terms
* Increasing dividend per share for the seventh consecutive year
The company also provided AFFO guidance for 2025, targeting $1.20 to $1.22 per diluted share. This represents an increase from the 2024 AFFO of $1.16 per share.
"We are pleased with our operational performance in 2024 and believe it has positioned us well for continued growth," said Andrew Spodek, Chief Executive Officer. "Our partnership with the USPS remains strong, and we are confident in our ability to deliver value to shareholders."
