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Stock impact report

Postal Realty Trust, Inc. Provides Leasing Update

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: GlobeNewswire
CEDARHURST, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,950 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today an update on its ongoing lease negotiations with the USPS. Leasing Update Agreed to new rents on all expired 2023 leases and the majority of the expired and scheduled to expire 2024 leases.As of September 25, 2024, the Company had received 162 fully executed new leases from the USPS, representing 2023 and 2024 leases that have expired and are scheduled to expire. The 2023 leases received represent nearly 57% of the aggregate 2023 expired rent and the 2024 leases received represent 51% of the aggregate 2024 expired and scheduled to expire rent. This excludes leases subject to renewal options and leases negotiated by prior ownership.These e Show less Read more
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