February 27, 2025 - 13:16
Postal Realty Trust, Inc. has reported impressive results for the fourth quarter and the year ending 2024, highlighting its robust growth and strategic initiatives. The company introduced its 2025 Adjusted Funds from Operations (AFFO) guidance, projecting between $1.20 to $1.22 per diluted share, signaling confidence in its operational performance.
In a notable achievement, Postal Realty executed new leases featuring 3% annual rent escalations with a ten-year term, ensuring stable revenue growth. The company also made significant acquisitions in 2024, totaling $91 million at an average capitalization rate of 7.6%, further expanding its portfolio of over 2,000 properties primarily leased to postal service operators.
Additionally, Postal Realty Trust has raised its dividend per share for the seventh consecutive year, demonstrating its commitment to returning value to shareholders. These developments reflect the company's strategic focus on long-term growth and stability in the competitive real estate market.
June 21, 2025 - 01:13
North Carolina Real Estate Office Resumes Operations Post-HurricanePremier Sotheby’s International Realty has successfully reopened its doors following extensive recovery efforts after a devastating hurricane impacted the area. Despite facing significant damage...
June 20, 2025 - 12:22
Hawaii's Real Estate Commission Rates Increase but Remain CompetitiveHawaii`s real estate agent commission rate has seen a rise to 5.22%, yet it continues to fall below the national average. This adjustment in commission rates reflects the evolving dynamics of the...
June 19, 2025 - 18:29
Unique Hollywood Hills Home Near Iconic Sign Hits Market for $2.25 MillionA rare opportunity has emerged for those seeking a piece of Hollywood history, as a home located in close proximity to the iconic Hollywood sign is now on the market for $2.25 million. Christopher...
June 19, 2025 - 03:07
A Shift in the Housing Market: Homebuyers Regain ControlAfter a prolonged period of soaring prices and intense bidding wars, the housing market is witnessing a significant shift that favors homebuyers. For the past few years, prospective homeowners...