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PSTL

Postal Realty Trust, Inc.

PSTL

Postal Realty Trust, Inc. • NYSE
$15.54 ▲ 0.06% (+0.01)
Market Cap $510.47 M
52w High $16.50
52w Low $12.26
Dividend Yield 0.97%
P/E 31.71
Volume 81.09K
Outstanding Shares 32.85M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $24.326M ▲ $9.957M ▲ $3.81M ▲ 15.662% ▲ $0.13 ▲ $14.901M ▲
Q2-2025 $23.351M ▲ $9.885M ▼ $3.614M ▲ 15.477% ▲ $0.12 ▲ $14.413M ▲
Q1-2025 $22.15M ▲ $10.759M ▲ $2.082M ▼ 9.4% ▼ $0.06 ▼ $11.73M ▼
Q4-2024 $21.368M ▲ $7.336M ▼ $4.502M ▲ 21.069% ▲ $0.17 ▲ $14.623M ▲
Q3-2024 $19.667M $9.856M $1.071M 5.446% $0.03 $10.38M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.902M ▲ $735.19M ▲ $386.713M ▲ $273.928M ▲
Q2-2025 $1.08M ▲ $689.822M ▲ $365.268M ▲ $250.802M ▲
Q1-2025 $639K ▼ $654.018M ▲ $339.113M ▲ $245.479M ▼
Q4-2024 $1.799M ▲ $646.818M ▲ $329.32M ▲ $251.285M ▲
Q3-2024 $970K $615.055M $306.089M $245.554M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $97K ▼ $0 ▼ $0 ▲ $0 ▼ $0 ▼ $0 ▼
Q2-2025 $4.672M ▲ $11.406M ▲ $-32.946M ▼ $22.062M ▲ $522K ▲ $9.059M ▼
Q1-2025 $2.655M ▼ $10.818M ▲ $-15.758M ▲ $3.962M ▼ $-978K ▼ $10.158M ▲
Q4-2024 $3.879M ▲ $9.206M ▲ $-23.256M ▼ $15.086M ▲ $1.036M ▲ $8.621M ▲
Q3-2024 $686K $8.011M $-12.276M $3.161M $-1.104M $7.389M

Five-Year Company Overview

Income Statement

Income Statement Postal Realty Trust’s income statement shows a young company steadily growing into profitability. Revenue has climbed each year as the property portfolio expands, and operating profits have improved along with it. Cash-style earnings (EBITDA) have grown consistently, suggesting the core leasing business is scaling as intended. Accounting net income hovered around breakeven for several years and only recently turned meaningfully positive, which is common for a REIT that is investing heavily and recording substantial depreciation. Overall, the trend points to a gradually strengthening earnings base, though not yet a high-margin, high-profit profile.

Balance Sheet

Balance Sheet The balance sheet reflects fast growth in owned properties and a business still in build-out mode. Total assets have increased significantly as the trust acquires more postal facilities. This growth has been funded by a mix of debt and equity, with both rising over time. Leverage has clearly moved up, which is normal for a REIT but does increase sensitivity to interest rates and credit conditions. Equity has also grown steadily, indicating that asset growth is not purely debt-driven. However, cash on hand is minimal, implying reliance on revolving credit lines and capital markets for flexibility, a typical but important point to monitor for a REIT.

Cash Flow

Cash Flow Cash flow looks relatively steady and supports the idea of a predictable, rent-driven model. Operating cash flow has grown in line with the portfolio, and free cash flow closely matches operating cash flow, since ongoing capital spending needs appear modest for these types of properties. The main cash uses are likely acquisitions and distributions rather than heavy redevelopment. This pattern is consistent with a stable, income-focused REIT model, but it also means expansion depends heavily on continued access to external capital rather than internally generated surplus cash.

Competitive Edge

Competitive Edge Postal Realty Trust occupies a very unusual niche: it is essentially the dedicated landlord to the U.S. Postal Service. This gives it a single, government-backed tenant with highly reliable rent, long leases, and properties that are critical infrastructure rather than discretionary space. The company has become the largest player in this fragmented market, giving it scale advantages, direct relationships, and a reputation that smaller landlords cannot match. It also competes well for acquisitions by offering flexible deal structures. The flip side is concentration risk: the business depends heavily on the long-term health, funding, and space needs of one tenant, and remains exposed to postal system reforms and mail-volume trends.

Innovation and R&D

Innovation and R&D Innovation for Postal Realty Trust is strategic and financial, not technological. Management’s deep specialization in postal properties, creative use of operating partnership units in acquisitions, and ability to streamline deals for thousands of small landlords are key differentiators. A major recent innovation has been the shift toward longer leases with built-in annual rent increases, which enhances predictability and organic growth. The company is also innovating in how it consolidates a scattered market and positions itself as a single, sophisticated counterpart for the USPS. Formal R&D spending is not the story here; the “R&D” is in refining lease structures, acquisition methods, and portfolio mix over time.

Summary

Postal Realty Trust is a niche, growth-oriented REIT built around one very important customer: the U.S. Postal Service. Financially, it has moved from breakeven toward consistent profitability as its property base has expanded and cash earnings have strengthened. The balance sheet shows rapid asset growth funded by rising but still supported levels of debt and equity, with limited cash reserves typical of a REIT model. Cash flows are stable and predictable, tied to long-term leases, but expansion depends on continued access to outside capital. Competitively, the trust enjoys a strong moat from its scale, expertise, and relationship with a government-backed tenant, but this comes with concentration and policy risk. Overall, it looks like a specialized, infrastructure-like real estate platform still in its scaling phase, with performance closely linked to acquisition discipline, interest rates, and the evolving role of the USPS.

NEWS

November 10, 2025 · 4:49 PM UTC

Postal Realty to Present at the Jefferies Real Estate Conference & Southwest IDEAS Conference

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November 4, 2025 · 4:05 PM UTC

Postal Realty Trust, Inc. Reports Third Quarter 2025 Results

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October 22, 2025 · 4:10 PM UTC

Postal Realty Trust Declares Third Quarter 2025 Dividend

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October 21, 2025 · 4:05 PM UTC

Postal Realty Trust, Inc. to Report Third Quarter 2025 Financial Results on November 4, 2025

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September 25, 2025 · 7:30 AM UTC

Postal Realty Trust, Inc. Appoints Steve Bakke as Chief Financial Officer

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