- July 7, 2021
- Posted by: Stratford Team
- Category: Business
CEDARHURST, N.Y.–(BUSINESS WIRE)–Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,250 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last mile post offices to larger industrial facilities, provided an update on the Company’s collections, occupancy, acquisitions and equity activity for the second quarter of 2021.
Collections, Occupancy and Acquisitions
For the three months ended June 30, 2021, the Company collected 100% of its rents and completed the acquisition of 71 properties for approximately $30 million, excluding closing costs. These acquisitions comprised approximately 246,000 net leasable interior square feet and have a weighted average rental rate of $10.47 per leasable square foot based on rents in place as of June 30, 2021. During the quarter, the Company achieved another milestone,…