Frequently Asked Questions
Postal Realty Trust’s Class A common stock can be bought or sold through a stockbroker, bank or financial institution that offers brokerage services. Postal Realty Trust does not currently have a direct stock purchase plan.
Postal Realty Trust’s Class A common stock is listed and traded on the New York Stock Exchange under the ticker PSTL.
No – Class B shares are owned by certain members of management and cannot be purchased or sold by individuals.
The Company commenced trading its shares on the NYSE under the ticker PSTL on May 15, 2019.
Postal Realty Trust is an internally managed real estate corporation that owns properties leased to the United States Postal Service (USPS). The Company’s current portfolio is comprised of 549 postal properties in 45 states.
Postal Realty Trust’s objective is to create stockholder value by generating attractive risk-adjusted returns through the expansion of its portfolio of owned postal properties leased to the United States Postal Service.
Postal Realty Trust, Inc. was founded in 2004 as Nationwide Postal Management, Inc. (NPM) by Chief Executive Officer Andrew Spodek. During November 2018, the Company formed as a Maryland corporation and changed its name to Postal Realty Trust, Inc.
Yes, Postal Realty Trust, Inc. pays a quarterly dividend on its common stock. For the fourth quarter of 2019, the Company announced and paid a quarterly dividend of $0.17 per share. As earnings grow, Postal Realty Trust plans to increase its dividend to a quarterly run rate of $0.255 per share.
At this time the Company does not have a Dividend Reinvestment Plan (DRIP).
American Stock Transfer and Trust is the registrar and transfer agent for Postal Realty Trust’s common stock. American Stock Transfer and Trust is available to resolve problems related to unpaid dividends, lost, destroyed or stolen certificates, as well as to facilitate name and address changes. The toll-free phone number for American Stock Transfer and Trust is (800) 937-5449 and can be reached via email at firstname.lastname@example.org Please visit https://www.astfinancial.com for more information.
As a REIT, Postal Realty Trust, Inc. will be issuing a 1099.
Please visit Postal Realty Trust’s Email Notification page to sign up for email alerts under any of the following sections of the investor relations website: SEC filings, presentations and events, and news.
You can request information via Postal Realty Trust’s Information Request page, or by contacting Investor Relations by email at email@example.com. The Investor Relations number is 516.232.8900.
No. Investors may purchase Postal Realty Trust, Inc.’s shares only through a broker.
Dividends are generally taxable in the year in which they are declared by Postal Realty Trust, Inc. Following the end of each year Postal Realty Trust will provide US-based investors a Form 1099-DIV, and in relation to non-US investors a Form 1042-S. A tax status letter will be provided to shareholders that describes the taxability of the dividends paid in the preceding year, including a breakdown between ordinary and capital gain dividends. DRIP participants are taxed as if they had received cash dividends. For information about taxes in respect of dividends received by an investor, it is recommended an investor consults with their own tax advisor.
Postal Realty Trust, Inc.’s auditor is BDO USA, LLP.
A company that qualifies as a REIT generally is permitted to deduct dividends paid to stockholders from its taxable income, which reduces the amount of federal corporate-level tax the REIT is required to pay. As a result, and to comply with certain distribution requirements applicable to REITs, most REITs distribute at least 100% of their taxable income to stockholders and, therefore, do not pay federal corporate-level taxes in most circumstances. Most states follow this federal tax treatment and allow REITs to deduct dividends paid to stockholders from their taxable income for state tax purposes. Certain REIT subsidiaries, however, are fully subject to federal and state corporate-level income taxes.