Postal Realty Trust, Inc. (NYSE:PSTL) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET

Company Participants

Jordan Cooperstein - Vice President FP&A, Capital Markets

Andrew Spodek - Chief Executive Officer

Jeremy Garber - President

Robert Klein - Chief Financial Officer

Conference Call Participants

Rob Stevenson - Janney

Tony Paolone - J.P. Morgan

John Kim - BMO

Barry Oxford - Colliers

Jon Petersen - Jefferies

Operator

Greetings and welcome to Postal Realty Trust Third Quarter of 2022 Earnings Call. At this time, all participants are in a listen-only mode. The question-and-answer session will follow the prepared remarks. As a reminder, this conference is being recorded.

I would now turn the conference over to your host, Mr. Jordan Cooperstein, Vice President of FP&A, Capital Markets. Please go ahead.

Jordan Cooperstein

Thank you. Good morning, everyone and welcome to the Postal Realty Trust’s third quarter 2022 earnings conference call. On the call today we have Andrew Spodek, Chief Executive Officer; Jeremy Garber, President; Robert Klein, Chief Financial Officer; and Matt Brandwein, Chief Accounting Officer.

Please note the use of forward-looking statements by the company on this conference call. Statements made on this call may include statements that are not historical facts, and are considered forward-looking. These forward-looking statements are covered by the Safe Harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Actual results may differ materially from those described in the forward-looking statements, and will be affected by a variety of risks and factors that are beyond the company’s control, including without limitation. Those contains in the company’s latest 10-K and its other Securities and Exchange Commission filings. The company does not assume and specifically disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Additionally on this conference call, the company may refer to certain non-GAAP financial measures, such as funds from operations, adjusted funds from operations, adjusted EBITDA and net debt. You can find a tabular reconciliation of these non-GAAP financial measures to the most currently comparable GAAP measures in the company’s earnings release and supplemental materials.

With that, I will now turn the call over to Andrew Spodek, Chief Executive Officer of Postal Realty Trust.

Andrew Spodek

Good morning and thanks for joining us. We are pleased to share that Postal Realty had a strong third quarter and we are well positioned to continue executing on our goal of creating and growing shareholder value. Postal Realty business model is anchored with stable cash flows supported by our credit tenant and is further enhanced with organic growth from our short term lease duration, which allows for the continual mark-to-market of rents.