Postal Realty Trust, Inc.

The company is an internally managed real estate investment trust (REIT) that acquires and manages properties primarily leased to the USPS, ranging from last-mile post offices to industrial facilities. The company believes it is the largest owner and manager, by net leasable square footage, of properties leased to the USPS. Organized in Maryland on November 19, 2018, the company began operations following its initial public offering (IPO) on May 17, 2019. Its Class A common stock trades on the New York Stock Exchange under the symbol "PSTL". The company elected to be taxed as a REIT for U.S. federal income tax purposes starting with its short tax year ended December 31, 2019. The business operates using an umbrella partnership (UPREIT) structure, where properties are owned by its Operating Partnership directly or through subsidiaries. The company is the sole general partner of its Operating Partnership. As of December 31, 2025, the company owned approximately 79.3% of the outstanding common units of limited partnership interest in its Operating Partnership, including long term incentive units. As of December 31, 2025, the company had net investments of approximately $716.6 million in 1,917 real estate properties, including two properties accounted for as financing leases. These properties are located in 49 states and one territory, totaling approximately 7.1 million net leasable interior square feet, and were 99.8% occupied as of December 31, 2025, with a weighted average remaining lease term of approximately 4 years. Additionally, as of December 31, 2025, the company manages 333 postal properties through its taxable REIT subsidiary (TRS) that are owned by its chief executive officer, Andrew Spodek, and his affiliates.