Postal Realty Trust increases quarterly dividend to $0.2425, marking the seventh consecutive year of growth.
Quiver AI Summary
Postal Realty Trust, Inc. has announced a 1.0% increase in its quarterly dividend for its Class A common stock, raising it to $0.2425 per share, marking the seventh consecutive year of dividend increases. The dividend will be paid on February 28, 2025, to stockholders recorded as of February 14, 2025. The press release also provides detailed tax characteristics of the dividends distributed in 2024, including various classifications for tax purposes. Postal Realty Trust operates over 2,000 properties leased primarily to the United States Postal Service and emphasizes the uncertainty of future results due to various risk factors, including potential lease terminations and market conditions. Stockholders are encouraged to consult tax advisors regarding their specific circumstances.
Potential Positives
- Increased dividend for the seventh consecutive year, demonstrating consistent financial performance and shareholder value enhancement.
- 1.0% dividend increase from the previous quarter, indicating a commitment to growing returns for investors.
- Clear communication of tax characteristics for 2024 dividends, providing transparency and aiding shareholders in their financial planning.
Potential Negatives
- While the press release announces a dividend increase, the 1.0% rise is relatively modest, which may not meet investor expectations for significant growth, potentially impacting market perception.
- The warning regarding forward-looking statements highlights uncertainties that could affect the Company's future performance, particularly concerning the USPS's financial health and lease agreements, which may deter potential investors.
- The necessity for shareholders to consult their own tax advisors for understanding the tax treatment of dividends signals complexity and potential confusion, which could diminish investor confidence.
FAQ
What is the latest dividend announced by Postal Realty Trust?
The latest quarterly dividend approved is $0.2425 per share, marking a 1.0% increase from the previous quarter.
When will the dividend be paid?
The dividend will be payable on February 28, 2025, to stockholders of record as of February 14, 2025.
What are the tax characteristics of 2024 dividends?
The tax characteristics include ordinary dividends, qualified dividends, and capital gain distributions, among others, as summarized in the article.
How many properties does Postal Realty Trust manage?
Postal Realty Trust manages over 2,000 properties, primarily leased to the United States Postal Service (USPS).
What should stockholders know about tax planning?
Stockholders are encouraged to consult their tax advisors regarding the specific tax consequences of owning the Company’s Class A common stock.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PSTL Insider Trading Activity
$PSTL insiders have traded $PSTL stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $PSTL stock by insiders over the last 6 months:
- ANDREW SPODEK (CEO and Director) purchased 7,968 shares for an estimated $103,584
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PSTL Hedge Fund Activity
We have seen 67 institutional investors add shares of $PSTL stock to their portfolio, and 46 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DAKOTA WEALTH MANAGEMENT removed 109,799 shares (-69.7%) from their portfolio in Q4 2024, for an estimated $1,432,876
- NUVEEN ASSET MANAGEMENT, LLC added 108,159 shares (+56.0%) to their portfolio in Q3 2024, for an estimated $1,583,447
- MORGAN STANLEY added 71,037 shares (+14.9%) to their portfolio in Q3 2024, for an estimated $1,039,981
- TWO SIGMA INVESTMENTS, LP added 68,988 shares (+inf%) to their portfolio in Q3 2024, for an estimated $1,009,984
- VANGUARD GROUP INC added 48,881 shares (+4.4%) to their portfolio in Q3 2024, for an estimated $715,617
- FMR LLC added 46,439 shares (+1.4%) to their portfolio in Q3 2024, for an estimated $679,866
- NVWM, LLC added 44,332 shares (+inf%) to their portfolio in Q4 2024, for an estimated $578,532
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
– Increases Dividend for Seventh Consecutive Year –
– Provides Tax Characteristics of 2024 Dividends –
CEDARHURST, N.Y., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 2,000 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, announced today that its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.2425 per share. This represents a 1.0% increase from the fourth quarter 2023 dividend. The dividend will be payable on February 28, 2025 to stockholders of record as of the close of business on February 14, 2025.
Tax Treatment of 2024 Dividends
The following table summarizes, for income tax purposes, the nature of the cash dividends paid to the Company’s Class A common stockholders during the tax year ended December 31, 2024:
Record Date | Payment Date | Distribution per Share | Ordinary Dividends |
Qualified
Dividends (1) |
Capital Gain Distributions (2) | Unrecaptured Sec 1250 Gain (3) | Section 897 Capital Gain | Non-Dividend Distributions (4) | Section 199A Dividends (1) | ||||||||
2/16/2024 | 2/29/2024 | $0.2400 | $0.1638 | $0.0022 | $0.0022 | $0.0001 | $0.0022 | $0.0740 | $0.1638 | ||||||||
5/8/2024 | 5/31/2024 | $0.2400 | $0.1638 | $0.0022 | $0.0022 | $0.0001 | $0.0022 | $0.0740 | $0.1638 | ||||||||
8/2/2024 | 8/30/2024 | $0.2400 | $0.1638 | $0.0022 | $0.0022 | $0.0001 | $0.0022 | $0.0740 | $0.1638 | ||||||||
11/4/2024 | 11/29/2024 | $0.2400 | $0.1638 | $0.0022 | $0.0022 | $0.0001 | $0.0022 | $0.0740 | $0.1638 | ||||||||
Total | $0.9600 | $0.6552 | $0.0088 | $0.0088 | $0.0004 | $0.0088 | $0.2960 | $0.6552 |
(1)
(2) (3) (4) |
Qualified and Section 199A dividends are a subset of, and included in, the taxable ordinary dividends amount.
100% of the capital gain relates to assets held for more than three years. Unrecaptured Section 1250 gains are a subset of, and included in, the total capital gains amount. Represents a return of stockholders’ original investment. |
The information in the table above is based on the preliminary results of work on the tax filings of the Company and is subject to correction or adjustment when the filings are completed. No material change in these classifications is expected. The tax information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Stockholders are encouraged to consult with their own tax advisors regarding the specific federal, state, local, foreign and other tax consequences of ownership of the Company’s Class A common stock and the specific tax treatment of distributions on the Company’s Class A common stock.
About Postal Realty Trust, Inc.
Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,000 postal properties leased primarily to the USPS.
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements.” Forward-looking statements include statements that are based on various assumptions (some of which are beyond the Company’s control) and may be identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the USPS’s terminations or non-renewals of leases, changes in demand for postal services delivered by the USPS, the solvency and financial health of the USPS, competitive, financial market and regulatory conditions, general real estate market conditions, the Company’s competitive environment and other factors set forth under “Risk Factors” in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Contact:
Investor Relations and Media Relations
Email: [email protected]
Phone: (516) 232-8900