Highest-materiality recent filing
Postal Realty recasts credit facilities to $615M with 30 bps pricing improvement
New $275M revolver (maturing Nov 2030) and $340M term loans (2028/2029/2031) total $615M.
Postal Realty reports Q1 AFFO $0.33/share; raises 2026 AFFO & acquisition guidance
Net income $3.8M ($0.11 diluted EPS); AFFO $11.6M ($0.33 per share).
Postal Realty Q4 AFFO $0.33/dil share; FY 2025 AFFO $1.32; guides 2026 AFFO $1.39-$1.41
Q4 net income $4.6M ($0.15/dil); FFO $12.4M ($0.37/dil); AFFO $11.1M ($0.33/dil).
Full year 2025 acquisitions: 216 properties for $123M at a weighted average cash capitalization rate of 7.7%.
Postal Realty Q3 AFFO $0.33; raises FY AFFO guidance to $1.30-$1.32
Net income $3.8M ($0.13 diluted EPS); revenue up 24% YoY.
Postal Realty Trust appoints Steve Bakke as CFO effective Nov 5, 2025
Steve Bakke appointed Executive VP, CFO, and Principal Financial Officer, succeeding interim CFO Jeremy Garber.
Postal Realty Trust expands credit facilities to $440M, extends maturities through 2030
Credit facilities upsized to $440M; revolver matures Nov 2029, term loan Jan 2030 (was Jan 2026/Jan 2027).
Postal Realty Q2 AFFO $0.33/sh; raises FY25 AFFO guidance to $1.24-$1.26
Revenue grew 29% YoY to Q2; net income $3.6M ($0.12 diluted EPS).
Postal Realty Trust Q1 AFFO $0.32/shr; guides FY AFFO $1.20-$1.22
Net income $2.1M ($0.06/shr); revenue up 28% YoY.
Postal Realty Q4 AFFO $0.35/sh; FY AFFO $1.16/sh; guides FY2025 $1.20-$1.22; $25M buyback
Q4 net income $4.5M ($0.17 diluted), FFO $9.0M ($0.30), AFFO $10.6M ($0.35).
Acquired 197 properties in 2024 for ~$91M (excl. closing costs) at a weighted avg cap rate of 7.6%.
Postal Realty Q3: FFO $0.24/shr, AFFO $0.30/shr; lease escalations; debt refi
Q3 net income $1.1M ($0.03/shr); FFO $7.1M ($0.24/shr); AFFO $8.8M ($0.30/shr). Revenue up 22% YoY.
162 fully executed new leases received: 79 for 2023 (57% of expired rent) and 83 for 2024 (51% of expired/scheduled rent).
Postal Realty Trust Q2 2024 FFO $0.23/sh; acquired 70 USPS properties for $28.3M
Q2 net income $0.8M ($0.02 EPS); FFO $6.5M ($0.23/sh); AFFO $7.5M ($0.26/sh).
Postal Realty Trust acquires 36 USPS-leased properties from related party for $12.5M
Acquired 36 properties leased to USPS from CEO family entity for $12.5M cash.
Postal Realty Q1 AFFO $0.25/shr, acquires 29 USPS properties for $18.5M
Net income $0.2M; FFO $5.5M ($0.20/shr); AFFO $6.9M ($0.25/shr).
Postal Realty posts $0.12 EPS, $1.07 AFFO for 2023; rental income up 20%
Net income $3.7M ($0.12/diluted share); AFFO $27.3M ($1.07/diluted share) for year ended 2023.
Postal Realty acquires 223 USPS properties for $78M in 2023 at 7.7% cap rate
FY 2023: acquired 223 properties leased to USPS for $78M (excl. closing costs) at 7.7% weighted avg cap rate.
Postal Realty Q3: net income $1.2M, AFFO $0.27, acquires $24.2M in USPS properties
Net income $1.2M ($0.04 diluted); FFO $6.3M ($0.25); AFFO $6.9M ($0.27); revenue up 17% YoY.
Postal Realty amends CEO/CFO employment deals; new base salaries, severance terms effective Jan 2023
CEO Andrew Spodek base salary set at $380k; bonus target 150% of base; LTIP target 160% of base.
Postal Realty Q2 net income $1.0M; AFFO $0.27/share; acquires $15.8M USPS properties
Net income $1.0M ($0.03 diluted EPS); FFO $6.0M ($0.24/diluted); AFFO $6.8M ($0.27/diluted).
Postal Realty Trust reports FY2022 AFFO $1.01/share; acquired 320 USPS properties for $123M
Net income attributable to common shareholders $3.9M ($0.15 diluted EPS); FFO $22.4M ($0.96); AFFO $23.5M ($1.01).
Postal Realty Trust Q3 FFO $0.25/sh, AFFO $0.26/sh; acquires 66 USPS properties for $20.8M
Revenue grew 31% YoY; net income $0.9M ($0.04 diluted EPS).
Postal Realty Trust Q2 2022: AFFO $0.24, acquired $55.1M of USPS properties, dividend up 4.5%
Net income attributable to common shareholders $1.0M ($0.04 diluted EPS); FFO $5.4M ($0.23); AFFO $5.5M ($0.24).
Postal Realty Trust Q1 net income $0.6M; revenue up 35%; adds $75M credit facility
Q1 2022 net income $0.6M ($0.02/sh); FFO $4.8M ($0.21/sh); AFFO $5.4M ($0.24/sh).
Postal Realty Trust Q4/FY2021: FFO $0.24/$0.95 per share, acquired 239 properties in 2021
Q4 net income $0.8M ($0.04 diluted EPS); rental income up 49% vs Q4 2020.
PSTL: 2021 acquisitions $118M, Q4 rent collections 100%, occupancy 99.6%
Full-year 2021: acquired 239 properties for ~$118M at 7–7.5% cap rate; Q4 alone 55 properties for $42.8M.
Postal Realty Trust closes public offering of 4.8875M shares at $17/share
Underwriting agreement signed Nov 16 for 4,250,000 shares; underwriters fully exercised option for additional 637,500 shares on Nov 17.
Postal Realty Q3 2021: FFO $0.25/sh; acquired 59 USPS properties for $19.2M
Net income $0.5M ($0.03/diluted); FFO $4.4M ($0.25/diluted); AFFO $4.8M ($0.27/diluted).
Postal Realty Q2 AFFO $0.26; acquires 71 USPS properties; upsizes credit facilities
Q2 net income $671K ($0.04 diluted EPS); FFO $4.0M ($0.25/sh); AFFO $4.3M ($0.26/sh).
Jeremy Garber, the Company’s President, Treasurer and Secretary was appointed to serve as the Company’s interim Chief Financial Officer while the Company conducts a search process for a permanent successor effective on the Transition Date.
Robert B. Klein announced his intention to resign from his role as Chief Financial Officer of Postal Realty Trust, Inc. (the “Company”) in order to accept a position with a privately-held real estate company.
Max materiality 0.80 · Median 0.60 · Most common event earnings