Postal Realty Trust Declares Fourth Quarter 2024 Dividend
31 January 2025 - 11:05AM
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 |
QualifiedDividends (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:
Investorrelations@postalrealtytrust.com
Phone: (516) 232-8900
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