Postal Realty Trust, Inc. Announces Consolidated Unaudited Earnings Results for the Quarter Six Months Ended June 30, 2020
August 10, 2021 at 04:20 pm EDT
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Postal Realty Trust, Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported total revenues of $9,528,000 compared to $5,605,000 a year ago. Income from operations was $1,615,000 compared to $435,000 a year ago. Net income was $823,000 compared to loss of $230,000 a year ago. Net income per share was $0.04 compared to Net loss per share was $0.05 per share a year ago.
For the six months, the company reported total revenues of $18,393,000 compared to $10,802,000 a year ago. Income from operations was $2,743,000 compared to $247,000 a year ago. Net income was $948,000 compared to loss of $1,260,000 a year ago. Net income per share was $0.04 compared to net loss per share was $0.19 per share a year ago.
Postal Realty Trust, Inc. is an internally managed real estate investment trust (REIT). The Company conducts its business through an Umbrella Partnership REIT (UPREIT) structure in which its properties are owned by its Postal Realty LP (Operating Partnership) directly or through limited partnerships, limited liability companies or other subsidiaries. It is focused on acquiring and managing properties leased primarily to the United States Postal Service (the USPS), ranging from last-mile post offices to industrial facilities. The Company owns and manages over 1,509 properties leased primarily to the USPS. Its property types include flex, industrial and last mile. The properties are located in 49 states and one territory, totaling approximately 5.9 million net leasable interior square feet in the aggregate. The Company provides fee-based third-party property management services for an additional 397 properties. Its properties include Bishopville, Gray, Michigamme, Pauline, and others.
POSTAL REALTY TRUST, INC. 
