Postal Realty Trust (PSTL) Company Report

Postal Realty Trust's board of directors approved a quarterly dividend of $0.245 per share on its Class A common stock, marking a 1.0% increase from the fourth quarter 2024 dividend. This dividend is payable on February 27, 2026, to stockholders of record as of February 13, 2026.
For the tax year ended December 31, 2025, the total cash dividends paid to Class A common stockholders amounted to $0.9700 per share, consisting of $0.8220 in ordinary dividends, $0.0152 in qualified dividends, and $0.1480 in non-dividend distributions.
Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,200 properties leased primarily to the United States Postal Service (USPS).

7 days ago

Press Release

Postal Realty Trust, Inc. Provides Fourth Quarter and Full Year 2025 Update

PSTL

New Projects/Investments

Debt Issuance

Guidance Update

Postal Realty Trust, Inc. acquired 216 properties for approximately $123 million in full year 2025, at a weighted average cash capitalization rate of 7.7%. For the fourth quarter of 2025, 65 properties were acquired for $29.1 million at a weighted average cash capitalization rate of 7.5%.
As of December 31, 2025, the Company's owned portfolio was 99.8% occupied, comprising 1,917 properties across 49 states and one territory, totaling approximately 7.1 million net leasable interior square feet.
At year-end 2025, 89% of the Company's debt outstanding was set to fixed rates, with a weighted average interest rate of 4.38%, and no debt maturities until 2028.
During 2025, the Company issued 3,154,321 shares of common stock, generating $48.4 million in gross proceeds, and had 34,104,349 fully diluted shares outstanding as of December 31, 2025.

Jan 8, 2026, 9:28 PM

8-K

Postal Realty Trust Provides Fourth Quarter and Full Year 2025 Update

PSTL

M&A

New Projects/Investments

Guidance Update

Postal Realty Trust acquired 216 properties for approximately $123 million in full year 2025, with a weighted average cash capitalization rate of 7.7%. In Q4 2025, the company acquired 65 properties for approximately $29.1 million at a weighted average cash capitalization rate of 7.5%.
As of December 31, 2025, the company's owned portfolio was 99.8% occupied, comprising 1,917 properties across 49 states and one territory, with approximately 7.1 million net leasable interior square feet.
At the end of 2025, 89% of the company's debt outstanding was set to fixed rates, with a weighted average interest rate of 4.38%, and no debt maturities until 2028.
The company's 2025 acquisitions represent approximately 20% growth in its asset base from year-end 2024, and it has delivered compound annual AFFO per share growth of approximately 5.5% from 2020 through 2025.

Jan 8, 2026, 9:25 PM

Press Release

Postal Realty Trust, Inc. closes on related party property acquisition

PSTL

M&A

New Projects/Investments

Postal Realty Trust, Inc. completed the acquisition of a portfolio of 25 properties on December 9, 2025.
The properties were purchased from a related party, specifically family members of CEO Andrew Spodek, for approximately $13.87 million in cash, excluding closing costs.
The transaction, which was approved by a special committee of independent directors, adds approximately 59,000 net leasable interior square feet to the company's portfolio at a weighted average rental rate of $17.58 per leasable square foot.

Dec 9, 2025, 10:25 PM

8-K

Postal Realty Trust, Inc. Increases Acquisition Guidance and Announces Property Acquisition

PSTL

Guidance Update

M&A

New Projects/Investments

Postal Realty Trust, Inc. increased its full-year 2025 acquisition volume guidance from "meets or exceeds $110 million" to "meets or exceeds $120 million".
On December 9, 2025, the Company entered into a definitive agreement to purchase a portfolio of 25 properties currently leased to the United States Postal Service (USPS) for approximately $13.87 million in cash, excluding closing costs.
The acquired Property Portfolio comprises approximately 59,000 net leasable interior square feet at a weighted average rental rate of $17.58 per leasable square foot.
The acquisition of the Property Portfolio is expected to close in the fourth quarter of 2025.

Dec 9, 2025, 2:25 PM

8-K

Postal Realty (PSTL) Highlights Unique Market Position and Growth Strategy at Conference

PSTL

New Projects/Investments

Guidance Update

Revenue Acceleration/Inflection

Postal Realty (PSTL) is the only public company focused on properties leased to the U.S. Postal Service, holding an 8%-9% market share of the estimated $12 billion-$15 billion postal real estate market.
The company reports 100% on-time rent collection and a 99% tenant retention rate over the past decade, unaffected by economic cycles or government shutdowns.
PSTL is targeting $110 million in acquisitions this year at or above a 7.5% cap rate.
Internal growth is driven by 3% annual escalations on 53% of its leases and extended 10-year lease terms for 37%-38% of its portfolio, with guidance for 8.5%-9.5% same-store NOI growth and 12%-13% earnings growth year over year.
The company maintains a low-levered balance sheet, consistently staying below 5.5 times debt.

Nov 19, 2025, 10:00 PM

Transcript

Postal Realty Discusses Business Model and Growth at Southwest IDEAS Conference

PSTL

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Postal Realty (PSTL) is the largest owner of properties leased to the U.S. Postal Service, holding 8-9% of the market and operating as the only public company in this niche.
The company benefits from a 99% retention rate over the past 10+ years and 100% on-time rent payment from the Postal Service, unaffected by economic cycles or government shutdowns.
PSTL has provided guidance for SameStore NOI growth of 8.5%-9.5% and earnings growth of 12%-13% year over year for the current year.
Growth is fueled by acquisitions, with $110 million targeted this year at or above a 7.5% cap, and the ability to renegotiate leases to include 3% annual escalations on 53% of its portfolio.
The company maintains a low-levered balance sheet, staying below 5.5x debt, and has grown its enterprise value to approximately $900 million with about 2,000 properties in 49 states.

Nov 19, 2025, 10:00 PM

Transcript

Postal Realty (PSTL) Provides Business Overview and Growth Strategy at Conference

PSTL

Guidance Update

New Projects/Investments

Postal Realty (PSTL) currently owns approximately 2,000 properties across 49 states, with an enterprise value of about $900 million.
The company is on track to complete $110 million in acquisitions this year at or above a 7.5% cap rate, with 75% of deals being off-market.
PSTL projects SameStore NOI growth of 8.5%-9.5% and earnings growth of 12%-13% year over year.
53% of the company's leases include 3% annual escalations, and the Weighted Average Lease Term (WALT) is now between four and five years due to extended 10-year lease terms.
PSTL maintains a 99% tenant retention rate over the past 10-plus years and operates with a low-levered balance sheet, aiming to stay below 5.5 times debt.

Nov 19, 2025, 10:00 PM

Transcript

Postal Realty Trust Reports Strong Q3 2025 Results, Raises Guidance, and Appoints New CFO

PSTL

Earnings

Guidance Update

CFO Change

Postal Realty Trust reported Q3 2025 Adjusted Funds From Operations (AFFO) of $0.33 per share, representing 10% growth compared to the prior year, and increased its 2025 AFFO guidance by $0.06 to a range of $1.30-$1.32 per share, implying 13% annual growth at the midpoint.
The company updated its 2025 same-store cash Net Operating Income (NOI) guidance to a range of 8.5%-9.5% from its prior guidance of 7%-9%.
In Q3 2025, Postal Realty Trust completed $42.3 million in acquisitions at a weighted average cash cap rate of 7.7%, bringing closed volume through October 17th to just over $100 million, and raised its 2025 acquisition guidance to meet or exceed $110 million.
The board of directors approved a quarterly dividend of $0.2425 per share, which is a 1% increase from the Q3 2024 dividend.
Steve Bacchi officially assumed the role of Chief Financial Officer as of October 27th.

Nov 5, 2025, 2:00 PM

Transcript

Postal Realty Trust Reports Q3 2025 Financial Results and Acquisition Activity

PSTL

Earnings

New Projects/Investments

Postal Realty Trust reported net income attributable to common stockholders of $3,810 thousand ($0.13 per share) and Adjusted Funds From Operations (AFFO) of $10,765 thousand ($0.33 per share) for Q3 2025.
As of September 30, 2025, the company owned 1,853 properties totaling approximately 6.9 million net leasable interior square feet with a high 99.8% owned portfolio occupancy.
In Q3 2025, PSTL acquired 47 properties for $42,347,502 thousand, contributing to 170 properties acquired year-to-date 2025 (through October 17, 2025) for a total of $101,317,041 thousand.
The company's total debt stood at $346,999 thousand as of September 30, 2025, with a Net Debt to Annualized Adjusted EBITDA ratio of 5.2x and an Adjusted Interest Coverage Ratio of 4.2x.