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Postal Realty Trust, Inc. Prices Initial Public Offering
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Postal Realty Trust, Inc. Prices Initial Public Offering

CEDARHURST, N.Y.–(BUSINESS WIRE)–Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally
managed real estate investment trust that will own and manage properties
leased to the United States Postal Service, today announced that it has
priced its initial public offering of 4,500,000 shares of Class A common
stock at an initial public offering price of $17.00 per share. The
Company has granted the underwriters a 30-day option to purchase up to
an additional 675,000 shares of Class A common stock at the initial
public offering price, less underwriting discounts and commissions.
Settlement of the offering is expected to occur on May 17, 2019, subject
to customary closing conditions. The Class A common stock is expected to
begin trading on the New York Stock Exchange on May 15, 2019.

The Company intends to use the net proceeds received from the offering
as follows: (a) approximately $29.0 million to acquire properties in the
Company’s formation transactions; (b) approximately $31.7 million to
repay mortgage debt secured by certain of the Company’s initial
properties, and (c) the remainder for general corporate purposes,
including working capital, future acquisitions, transfer taxes and,
potentially, paying distributions.

Stifel, Nicolaus & Company, Incorporated, Janney Montgomery Scott LLC,
BMO Capital Markets Corp. and Height Capital Markets, LLC are acting as
joint book-running managers for the offering. B. Riley FBR, Inc. and
D.A. Davidson & Co. are acting as co-managers for the offering.

A registration statement on Form S-11, including a prospectus, has been
declared effective by the U.S. Securities and Exchange Commission. This
press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus. A copy of the
final prospectus relating to the offering may be obtained from Stifel,
Nicolaus & Company, Incorporated, One South Street, 15th Floor,
Baltimore, MD 21202, Attention: Syndicate Department, Fax: 443-224-1273,
or by email at;
Janney Montgomery Scott LLC, 60 State Street, Boston, MA 02109,
Attention: Equity Capital Markets Group, or email;
BMO Capital Markets Corp., Attention: Syndicate Department, 3 Times
Square, 25th Floor, New York, New York 10036 or by telephone at (800)
414-3627 or by email at;
and Height Capital Markets, LLC at 1775 Pennsylvania Ave. NW, 11th
Floor, Washington, DC, 20006, Attention: Investment Banking, or email
or by telephone at (202) 836-8960.

About Postal Realty Trust, Inc.

The Company is an internally managed real estate investment trust that
will own and manage properties leased to the United States Postal
Service, or USPS. Upon completion of the offering and related formation
transactions, the Company will own and manage an initial portfolio of
271 postal properties located in 41 states comprising 871,843 net
leasable interior square feet, all of which are leased to the USPS, and
through its taxable REIT subsidiary will provide fee-based third party
property management services for an additional 404 postal properties
leased to the USPS and owned by family members of Andrew Spodek, the
Company’s chief executive officer, and their partners.

Forward-Looking and Cautionary Statements

This press release contains “forward-looking statements.”
Forward-looking statements include statements regarding the proposed
public offering and other statements 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 timing of settlement and the expected price
range for the use of proceeds of the initial public offering, 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 registration statement on Form S-11, as
amended from time to time. 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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