Earnings Call Summary | Postal Realty Trust(PSTL.US) Q2 2024 Earnings Conference
Earnings Call Summary | Postal Realty Trust(PSTL.US) Q2 2024 Earnings Conference
The following is a summary of the Postal Realty Trust Inc (PSTL) Q2 2024 Earnings Call Transcript:
以下是Postal Realty Trust Inc (PSTL) Q2 2024 業績會記錄摘要:
Financial Performance:
金融業績:
Q2 2024 Funds from Operations (FFO) of $0.23 and adjusted Funds from Operations (AFFO) of $0.26 per diluted share.
No significant near-term debt maturities with a net debt to annualized adjusted EBITDA of 6.1 times, under the target maximum of 7 times.
Issued approximately 365,000 shares of common stock and 62,000 common units for ~$6.1 million at $14.35 average price.
Q2 2024 所有基金類型的資金運作金額爲每股0.23美元,調整後資金運作金額(AFFO)爲每股0.26美元。
沒有重大的短期債務到期,淨負債與年化調整後的EBITDA爲6.1倍,低於目標最大值7倍。
發行約365,000股普通股和62,000萬股普通股單位,平均價格爲14.35美元,共計約610萬美元。
Business Progress:
業務進展:
Acquired 70 properties for $28 million with a cap rate of 7.6% and 9 properties post-quarter for $3 million.
Achieved a 99% historical weighted average lease retention rate over the past 10 years.
Completed a five-year lease renewal with a significant non-postal tenant resulting in a 19% base rent increase and a 2.5% annual escalation.
以7.6%的購物中心利率和2800萬美元收購了70個物業和4季度的9個物業,價值300萬美元。
在過去10年中,歷史加權平均租約留存率達99%。
與重要的非郵政租戶完成了一項爲期五年的租賃續約, resulting in a 19% base rent increase and a 2.5% annual escalation.
Opportunities:
機會:
Anticipated increase in transaction volume driven by interest rate cuts and improved cost of capital.
Continued external and internal growth through new acquisitions and leasing improvements.
由於利率下調和資本成本的改善,交易量預計會增加。
通過新的收購和租賃改進持續實現內部和外部的增長。
Risks:
風險:
Dependency on the Postal Service for lease renewals and related negotiations which follows a fluid process.
Adjusting financial strategies to align with market conditions, highlighted by the balance of equity and debt financing used.
爲租約續簽和相關談判依靠郵政局,其過程具有不確定性。
調整財務策略以與市場情況相一致,注重股權和債務融資的平衡。
More details: Postal Realty Trust IR
更多細節:Postal Realty Trust IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。
譯文內容由第三人軟體翻譯。