Postal Realty Trust Declares Fourth Quarter 2019 Dividend
CEDARHURST, N.Y.--(BUSINESS WIRE)--Jan 30, 2020--
Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns properties leased to the United States Postal Service (the “USPS”), announced today that its board of directors has approved a quarterly dividend on the Company’s Class A common stock in the amount of $0.17 per share. The dividend will be payable on February 28, 2020 to stockholders of record as of the close of business on February 14, 2020. The dividend represents a 21.4% increase over the previous declared dividend of $0.14 per share.
Tax Treatment of 2019 Dividends
The following table summarizes, for income tax purposes, the nature of the cash dividends paid to the Company’s common shareholders for the tax year ended December 31, 2019:
|Common Stock (CUSIP # 73757R 102)|
|Total Distribution |
|Total Distribution |
Attributable to 2019
|2019 Taxable |
About Postal Realty Trust, Inc.
Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns properties leased to the United State Postal Service. The Company believes it is one of the largest owners and managers measured by net leasable square footage of properties that are leased 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 our 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, including statements regarding the Company’s ability to close on any pending transactions on the terms or timing it expects, if at all, 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.
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CONTACT: Investor Relations and Media Relations
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY REIT BANKING
SOURCE: Postal Realty Trust, Inc.
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PUB: 01/30/2020 07:00 AM/DISC: 01/30/2020 07:01 AM