Postal Realty Trust, Inc.
postalrealtytrust.comWhat Do They Do?
Acquires and manages postal properties, including post offices and industrial facilities, leased primarily to the USPS.
10-K for FY2025, filed Feb 24, 2026We are an internally managed REIT with a focus on acquiring and managing properties leased primarily to the USPS, ranging from last-mile…View ↗
How Do They Make Money?
Most revenue comes from rent and tenant reimbursements under postal-property leases, with rent spread over the lease term. The company also earns management fees tied to affiliated owners’ rents and advisory fees based on hours, fixed fees or performance.
10-K for FY2025, filed Feb 24, 2026We derive revenues primarily from rent and tenant reimbursements under leases with the USPS for our properties and fee and other from the…View ↗
The Company has operating lease agreements with tenants, some of which contain provisions for future rental increases. Rental income is…View ↗
Fee and other primarily consists of (i) property management fees, (ii) income recognized from properties accounted for as financing leases…View ↗
Revenue from advisory services is generated from service contracts generally based on (i) time and expense arrangements (where the Company…View ↗
$95.8M
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10-K for FY2025, filed Feb 24, 2026
$95.8M ↗
Who Are Their Customers?
The USPS is the primary tenant for owned properties; the company also manages postal properties for its CEO and affiliates and advises third-party postal-property owners.
10-K for FY2025, filed Feb 24, 2026We acquire and manage postal properties and report our business as a single reportable segment. Our properties are leased primarily to the…View ↗
We derive revenues primarily from rent and tenant reimbursements under leases with the USPS for our properties and fee and other from the…View ↗
Fee and other primarily consists of (i) property management fees, (ii) income recognized from properties accounted for as financing leases…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 15 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 24, 2026
How Are They Changing?
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Aug 4, 2026
Raised AFFO-per-share guidance
Raised 2026 AFFO guidance by $0.01, to $1.41 to $1.43 per diluted share.
Sources
8-K, filed Aug 4, 2026
- Increased 2026 AFFO Guidance $0.01 to $1.41 - $1.43 Per Diluted Share, Representing Growth of 7.6% Year-Over-Year at the Midpoint -View ↗
Growing. Revenue grew 2.4x in 4 years, from $39.9M in FY2021 to $95.8M in FY2025, about 24% a year.
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