Postal Realty Trust, Inc. Provides Fourth Quarter and Full Year 2023 Update - Seite 2

At the end of 2023, 96% of the Company’s debt outstanding was set to fixed rates and $141 million of the Company’s senior unsecured revolving credit facility was undrawn. The weighted average interest rate of the Company’s total debt outstanding was 4.14%.

During the fourth quarter, the Company settled 198,847 shares of common stock under previous forward sales transactions at a gross sales price of $15.02 per share and issued 227,256 additional shares of common stock at an average gross sales price of $14.32 per share through its at-the-market equity offering program. In addition, the Company issued 450,818 common units in its operating partnership at an average price of $14.01 per unit as part of the consideration for properties acquired during the quarter.

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,900 postal properties leased primarily to the USPS.

Forward-Looking and Cautionary Statements

This press release contains “forward-looking statements.” Forward-looking statements include statements 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, including, among others, statements regarding the Company’s anticipated growth and acquisition activity, are based on the Company’s current expectations and assumptions regarding capital market conditions, its acquisition pipeline, 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 and the Company’s other tenants, competitive, financial market and regulatory conditions, disruption in market, general real estate market conditions, the Company’s competitive environment and other factors set forth under “Risk Factors” in the Company’s most recent filings with the U.S. 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.