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Recent Updates — PSTL

September 9, 2026View Source ↗

Postal Realty Trust acquired a portfolio of 72 properties leased to the United States Postal Service from entities related to CEO Andrew Spodek for approximately $27.75 million on September 4, 2026. The purchase price consisted of $25.75 million in cash and $2.0 million in Operating Partnership Units, with Mr. Spodek receiving roughly $11.88 million of the cash consideration. The 100% occupied portfolio contains approximately 148,374 net leasable square feet with a weighted average rental rate of $14.71 per square foot. This transaction was approved by an independent special committee and is unrelated to prior Right of First Offer agreements. Postal Realty Trust operates as a real estate investment trust focused on acquiring and managing properties leased primarily to the U.S. government.

August 5, 2026View Source ↗

Postal Realty Trust entered into sales agreements on August 5, 2026, establishing a new equity offering program allowing the sale of up to $300 million in Class A common stock. The program utilizes at-the-market offerings and forward sale agreements with multiple financial institutions including J.P. Morgan and Colliers. Concurrently, the company terminated its prior at-the-market offering programs. Net proceeds will be used for general corporate purposes, such as property acquisitions or debt repayment. Postal Realty Trust operates in the real estate investment trust sector, focusing on owning and managing self-storage properties.

August 4, 2026View Source ↗

Postal Realty Trust reported second quarter 2026 net income of $5.1 million, or $0.15 per diluted share, with FFO of $0.37 and AFFO of $0.36 per diluted share. The company acquired 37 USPS properties for $45.1 million at a weighted average cap rate of 7.3% and raised approximately $38.5 million via its ATM program during the quarter. Management increased full-year 2026 AFFO guidance to $1.41–$1.43 per diluted share, representing 7.6% year-over-year growth at the midpoint, and raised acquisition guidance to $150–$160 million. Subsequent to the quarter end, the board declared a quarterly cash dividend of $0.245 per share, payable August 28, 2026 to holders of record on August 14, 2026. Postal Realty Trust is an internally managed real estate investment trust that owns and manages over 2,300 properties leased primarily to the United States Postal Service.

July 7, 2026View Source ↗

On July 2, 2026, Postal Realty Trust, Inc. entered into a Second Amended and Restated Credit Agreement with Truist Bank and several lenders. The agreement establishes a $275 million senior unsecured revolving credit facility and $340 million in term loan facilities. The term loans include a $90 million 2028 Term Loan, a $100 million 2029 Term Loan, and a $150 million 2031 Term Loan, which includes $35 million in new borrowings. The company may seek to increase these commitments by up to $175 million for the revolving facility and $160 million for the term loans. Funds are intended for general corporate purposes, including real estate acquisitions and debt repayment. Postal Realty Trust, Inc. is a real estate investment trust operating in the industrial and postal real estate sector.