2023 Q3 Form 10-Q Financial Statement
#000162828023028204 Filed on August 08, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $16.11M | $15.46M |
YoY Change | 16.92% | 21.48% |
Cost Of Revenue | $4.010M | $3.443M |
YoY Change | 26.02% | 17.31% |
Gross Profit | $12.10M | $12.01M |
YoY Change | 14.23% | 22.73% |
Gross Profit Margin | 75.13% | 77.73% |
Selling, General & Admin | $3.350M | $3.610M |
YoY Change | 10.2% | 9.1% |
% of Gross Profit | 27.69% | 30.05% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $4.910M | $4.781M |
YoY Change | 5.89% | 13.32% |
% of Gross Profit | 40.58% | 39.8% |
Operating Expenses | $12.28M | $11.83M |
YoY Change | 13.06% | 13.1% |
Operating Profit | $3.829M | $3.623M |
YoY Change | 31.31% | 60.24% |
Interest Expense | $2.446M | $2.302M |
YoY Change | 46.47% | 107.2% |
% of Operating Profit | 63.88% | 63.54% |
Other Income/Expense, Net | $246.0K | $125.0K |
YoY Change | 459.09% | -33.16% |
Pretax Income | $1.455M | $1.282M |
YoY Change | 28.31% | 8.37% |
Income Tax | $19.00K | $21.00K |
% Of Pretax Income | 1.31% | 1.64% |
Net Earnings | $1.166M | $1.012M |
YoY Change | 25.24% | 6.19% |
Net Earnings / Revenue | 7.24% | 6.55% |
Basic Earnings Per Share | $0.04 | $0.03 |
Diluted Earnings Per Share | $0.04 | $0.03 |
COMMON SHARES | ||
Basic Shares Outstanding | 20.62M shares | 19.91M shares |
Diluted Shares Outstanding | 20.28M shares | 19.54M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.500M | $2.191M |
YoY Change | -45.3% | -52.05% |
Cash & Equivalents | $2.462M | $2.191M |
Short-Term Investments | ||
Other Short-Term Assets | $17.30M | $14.32M |
YoY Change | 9.65% | 33.79% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $5.300M | $3.936M |
Other Receivables | $1.500M | $1.356M |
Total Short-Term Assets | $26.60M | $21.80M |
YoY Change | 4.24% | 14.41% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $494.4M | $472.3M |
YoY Change | 15.95% | 15.93% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $400.0K | $751.0K |
YoY Change | 18.34% | -45.5% |
Total Long-Term Assets | $527.1M | $505.4M |
YoY Change | 14.39% | 14.06% |
TOTAL ASSETS | ||
Total Short-Term Assets | $26.60M | $21.80M |
Total Long-Term Assets | $527.1M | $505.4M |
Total Assets | $553.7M | $527.2M |
YoY Change | 13.86% | 14.07% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $9.700M | $7.082M |
YoY Change | 13.2% | -17.31% |
Accrued Expenses | $900.0K | $914.0K |
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $10.60M | $7.996M |
YoY Change | 23.7% | -6.64% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $231.5M | $225.7M |
YoY Change | 23.28% | 29.17% |
Other Long-Term Liabilities | $12.20M | $11.88M |
YoY Change | 2.65% | 6.66% |
Total Long-Term Liabilities | $243.7M | $237.6M |
YoY Change | 22.05% | 27.83% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $10.60M | $7.996M |
Total Long-Term Liabilities | $243.7M | $237.6M |
Total Liabilities | $254.4M | $245.6M |
YoY Change | 22.15% | 26.31% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$44.53M | -$40.75M |
YoY Change | 51.28% | 56.94% |
Common Stock | $215.0K | $200.0K |
YoY Change | 13.16% | 6.38% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $244.9M | $225.7M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $553.7M | $527.2M |
YoY Change | 13.86% | 14.07% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $1.166M | $1.012M |
YoY Change | 25.24% | 6.19% |
Depreciation, Depletion And Amortization | $4.910M | $4.781M |
YoY Change | 5.89% | 13.32% |
Cash From Operating Activities | $6.710M | $6.892M |
YoY Change | 21.71% | 7.07% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $23.17M | $16.05M |
YoY Change | -230.97% | -128.99% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $410.0K | -$16.00K |
YoY Change | -1466.67% | -102.08% |
Cash From Investing Activities | -$22.77M | -$16.07M |
YoY Change | 28.49% | -70.57% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 16.00M | 9.331M |
YoY Change | 43.25% | -80.08% |
NET CHANGE | ||
Cash From Operating Activities | 6.710M | 6.892M |
Cash From Investing Activities | -22.77M | -16.07M |
Cash From Financing Activities | 16.00M | 9.331M |
Net Change In Cash | -60.00K | 158.0K |
YoY Change | -94.23% | -112.08% |
FREE CASH FLOW | ||
Cash From Operating Activities | $6.710M | $6.892M |
Capital Expenditures | $23.17M | $16.05M |
Free Cash Flow | -$16.46M | -$9.157M |
YoY Change | -170.94% | -114.82% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2022#PrepaidExpenseAndOtherAssets | |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2022#PrepaidExpenseAndOtherAssets | |
CY2023Q2 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2022#AccountsPayableAndOtherAccruedLiabilities | |
CY2022Q4 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2022#AccountsPayableAndOtherAccruedLiabilities | |
CY2023Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
200000 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
195000 | usd |
CY2023Q2 | pstl |
Common Stock Value One
CommonStockValueOne
|
0 | usd |
CY2022Q4 | pstl |
Common Stock Value One
CommonStockValueOne
|
0 | usd |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | ||
CY2023Q1 | pstl |
Stock Issued During Period Value Redemption Of Noncontrolling Interests
StockIssuedDuringPeriodValueRedemptionOfNoncontrollingInterests
|
0 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1945000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
94000 | usd |
CY2023Q1 | pstl |
Restricted Stock Withholdings
RestrictedStockWithholdings
|
327000 | usd |
CY2023Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
5963000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
2837000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
433000 | usd |
CY2023Q1 | pstl |
Reallocation Of Noncontrolling Interest
ReallocationOfNoncontrollingInterest
|
0 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
277766000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3843000 | usd |
CY2023Q2 | pstl |
Issuance Of Op Units In Connection With Transaction
IssuanceOfOpUnitsInConnectionWithTransaction
|
548000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
265473000 | usd |
CY2022Q1 | pstl |
Issuance Of Op Units In Connection With Transaction
IssuanceOfOpUnitsInConnectionWithTransaction
|
3238000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1799000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
100000 | usd |
CY2022Q1 | pstl |
Restricted Stock Withholdings
RestrictedStockWithholdings
|
62000 | usd |
CY2022Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
5197000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2511000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
721000 | usd |
CY2022Q1 | pstl |
Reallocation Of Noncontrolling Interest
ReallocationOfNoncontrollingInterest
|
0 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
268583000 | usd |
CY2022Q2 | pstl |
Issuance Of Op Units In Connection With Transaction
IssuanceOfOpUnitsInConnectionWithTransaction
|
1987000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
984000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
2000 | usd |
CY2022Q2 | pstl |
Restricted Stock Withholdings
RestrictedStockWithholdings
|
221000 | usd |
CY2022Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
5305000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
504000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
1165000 | usd |
CY2022Q2 | pstl |
Reallocation Of Noncontrolling Interest
ReallocationOfNoncontrollingInterest
|
0 | usd |
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
267699000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
1694000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
1886000 | usd | |
us-gaap |
Depreciation
Depreciation
|
6071000 | usd | |
us-gaap |
Depreciation
Depreciation
|
4865000 | usd | |
pstl |
Amortization Of Inplace Intangibles
AmortizationOfInplaceIntangibles
|
3547000 | usd | |
pstl |
Amortization Of Inplace Intangibles
AmortizationOfInplaceIntangibles
|
3464000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
330000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
284000 | usd | |
us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
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us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
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pstl |
Amortization Of Intangible Liability
AmortizationOfIntangibleLiability
|
49000 | usd | |
pstl |
Amortization Of Intangible Liability
AmortizationOfIntangibleLiability
|
41000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
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us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2691000 | usd | |
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Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
|
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us-gaap |
Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
|
293000 | usd | |
us-gaap |
Straight Line Rent
StraightLineRent
|
-2000 | usd | |
us-gaap |
Straight Line Rent
StraightLineRent
|
-5000 | usd | |
pstl |
Other Receivable
OtherReceivable
|
23000 | usd | |
pstl |
Other Receivable
OtherReceivable
|
23000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
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us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
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us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1171000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
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us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
14607000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
13057000 | usd | |
us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
32863000 | usd | |
us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
79879000 | usd | |
pstl |
Payments For Proceeds From Lease Receivables
PaymentsForProceedsFromLeaseReceivables
|
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pstl |
Payments For Proceeds From Lease Receivables
PaymentsForProceedsFromLeaseReceivables
|
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pstl |
Tenant Improvements1
TenantImprovements1
|
222000 | usd | |
pstl |
Tenant Improvements1
TenantImprovements1
|
568000 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
968000 | usd | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
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us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
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us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
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us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
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us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
97000 | usd | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
92000 | usd | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
75000000 | usd | |
pstl |
Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
|
32000000 | usd | |
pstl |
Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
|
92000000 | usd | |
pstl |
Repayments Of Revolving Credit Facility
RepaymentsOfRevolvingCreditFacility
|
3000000 | usd | |
pstl |
Repayments Of Revolving Credit Facility
RepaymentsOfRevolvingCreditFacility
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87000000 | usd | |
us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
558000 | usd | |
us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4561000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | usd | |
us-gaap |
Payments Of Loan Costs
PaymentsOfLoanCosts
|
107000 | usd | |
us-gaap |
Payments Of Loan Costs
PaymentsOfLoanCosts
|
242000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
612000 | usd | |
pstl |
Proceeds From Issuance Of Shares
ProceedsFromIssuanceOfShares
|
79000 | usd | |
pstl |
Proceeds From Issuance Of Shares
ProceedsFromIssuanceOfShares
|
83000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
467000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
383000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3500000 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
11900000 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
10502000 | usd | |
pstl |
Other Financing Activities
OtherFinancingActivities
|
137000 | usd | |
pstl |
Other Financing Activities
OtherFinancingActivities
|
116000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
20374000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
68136000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
900000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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|
-1079000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2042000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7026000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2942000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5947000 | usd |
pstl |
Reallocation Of Non Controlling Interest Non Cash
ReallocationOfNonControllingInterestNonCash
|
2567000 | usd | |
pstl |
Reallocation Of Non Controlling Interest Non Cash
ReallocationOfNonControllingInterestNonCash
|
571000 | usd | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
562000 | usd | |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
3015000 | usd | |
pstl |
Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssued
|
548000 | usd | |
pstl |
Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssued
|
3773000 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
409000 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
0 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
235000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
846000 | usd | |
pstl |
Reclassification Of Acquisition Deposits
ReclassificationOfAcquisitionDeposits
|
205000 | usd | |
pstl |
Reclassification Of Acquisition Deposits
ReclassificationOfAcquisitionDeposits
|
504000 | usd | |
pstl |
Write Off Of Fixed Assets No Longer In Service
WriteOffOfFixedAssetsNoLongerInService
|
151000 | usd | |
pstl |
Write Off Of Fixed Assets No Longer In Service
WriteOffOfFixedAssetsNoLongerInService
|
129000 | usd | |
pstl |
Reclassification Of Construction Deposits
ReclassificationOfConstructionDeposits
|
113000 | usd | |
pstl |
Reclassification Of Construction Deposits
ReclassificationOfConstructionDeposits
|
12000 | usd | |
pstl |
Costs Of Capital Incurred But Not Yet Paid
CostsOfCapitalIncurredButNotYetPaid
|
8000 | usd | |
pstl |
Costs Of Capital Incurred But Not Yet Paid
CostsOfCapitalIncurredButNotYetPaid
|
11000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
38000 | usd | |
pstl |
Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued For Business Acquisition
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssuedForBusinessAcquisition
|
0 | usd | |
pstl |
Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued For Business Acquisition
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssuedForBusinessAcquisition
|
1451000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Organization and Description of Business<div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Postal Realty Trust, Inc. (the “Company”) was organized in the state of Maryland on November 19, 2018. On May 17, 2019, the Company completed its initial public offering (“IPO”) of the Company’s Class A common stock, par value $0.01 per share (the “Class A common stock”). The Company contributed the net proceeds from the IPO to Postal Realty LP, a Delaware limited partnership (the “Operating Partnership”), in exchange for common units of limited partnership interest in the Operating Partnership (the “OP Units”). Both the Company and the Operating Partnership commenced operations upon completion of the IPO and certain related formation transactions. Prior to the completion of the IPO and the formation transactions, the Company had no operations.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s interest in the Operating Partnership entitles the Company to share in distributions from, and allocations of profits and losses of, the Operating Partnership in proportion to the Company’s percentage ownership of OP Units. As the sole general partner of the Operating Partnership, the Company has the exclusive power under the partnership agreement to manage and conduct the Operating Partnership’s business, subject to limited approval and voting rights of the limited partners. As of June 30, 2023, the Company held an approximately 80.2% interest in the Operating Partnership. As the sole general partner and the majority interest holder, the Company consolidates the financial position and results of operations of the Operating Partnership. The Operating Partnership is considered a variable interest entity (“VIE”) in which the Company is the primary beneficiary.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June 30, 2023, the Company owned a portfolio of 1,364 properties located in 49 states and one territory. The Company’s properties are leased primarily to a single tenant, the United States Postal Service (the “USPS”).</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, through its taxable REIT subsidiary (“TRS”), Real Estate Asset Counseling, LLC (“REAC”), the Company provides fee-based third party property management services for an additional 397 properties, which are owned by Andrew Spodek, the Company's chief executive officer ("CEO"), and his affiliates, and certain advisory services to third-party owners of postal properties.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Pursuant to the Company’s articles of amendment and restatement, the Company is currently authorized to issue up to 500,000,000 shares of Class A common stock, 27,206 shares of Class B common stock, $0.01 par value per share (the “Voting Equivalency stock”), and up to 100,000,000 shares of preferred stock.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), commencing with the Company's short taxable year ended December 31, 2019, and intends to continue to qualify as a REIT. As a REIT, the Company generally will not be subject to federal income tax to the extent that it distributes its REIT taxable income for each tax year to its stockholders. REITs are subject to a number of organizational and operational requirements. Additionally, any income earned by the TRS and any other TRS the Company forms in the future will be subject to federal, state and local corporate income tax.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the Jumpstart Our Business Startups Act, the Company qualifies as an emerging growth company (“EGC”). An EGC may choose, as the Company has done, to take advantage of the extended private company transition period provided for complying with new or revised accounting standards that may be issued by the Financial Accounting Standards Board (“FASB”) or the Securities and Exchange Commission.</span></div> | ||
CY2023Q2 | pstl |
Percentage Of Interest In Operating Partnership
PercentageOfInterestInOperatingPartnership
|
0.802 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during the reporting period. As discussed in the Consolidated Financial Statements </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in the Company’s </span><span style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1759774/000162828023006624/pstl-20221231.htm" style="background-color:#ffffff;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Annual Report on Form 10-K</a></span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for the year ended December 31, 2022, t</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">he Company’s most significant assumptions and estimates are related to the valuation of investments in real estate properties and impairment of long-lived assets. Although management believes its estimates are reasonable, actual results could differ from those estimates.</span></div> | ||
CY2023Q2 | pstl |
Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
|
40000.00 | usd |
CY2023Q2 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
11875000 | usd |
CY2022Q4 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
19077000 | usd |
CY2022Q4 | us-gaap |
Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
7256000 | usd |
CY2022Q4 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
11821000 | usd |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1800000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3500000 | usd | |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1700000 | usd |
CY2023Q2 | us-gaap |
Cash
Cash
|
2191000 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
1495000 | usd |
CY2023Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
260000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
206000 | usd |
CY2023Q2 | pstl |
Real Estate Tax Reserve
RealEstateTaxReserve
|
384000 | usd |
CY2022Q4 | pstl |
Real Estate Tax Reserve
RealEstateTaxReserve
|
240000 | usd |
CY2023Q2 | pstl |
Espp Reserve
EsppReserve
|
107000 | usd |
CY2022Q4 | pstl |
Espp Reserve
EsppReserve
|
101000 | usd |
CY2023Q2 | pstl |
Cash And Escrows And Reserves
CashAndEscrowsAndReserves
|
2942000 | usd |
CY2022Q4 | pstl |
Cash And Escrows And Reserves
CashAndEscrowsAndReserves
|
2042000 | usd |
CY2023Q2 | us-gaap |
Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
|
27800000 | usd |
CY2022Q4 | us-gaap |
Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
|
27500000 | usd |
CY2023Q2 | us-gaap |
Secured Debt Current
SecuredDebtCurrent
|
33000000 | usd |
CY2022Q4 | us-gaap |
Secured Debt Current
SecuredDebtCurrent
|
33100000 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd | |
CY2022Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2023Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risks</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June 30, 2023, the Company’s properties were leased primarily to a single tenant, the USPS. For the six months ended June 30, 2023, approximately 13.3% of the Company’s total rental income, or $3.9 million, was concentrated in Pennsylvania. For the six months ended June 30, 2022, approximately 16.1% of the Company's total rental income, or $3.8 million, was concentrated in Pennsylvania. The ability of the USPS to honor the terms of its leases is dependent upon regulatory, economic, environmental or competitive conditions in Pennsylvania or other regions where the Company operates in and could have a material effect on the Company’s overall business results.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has deposited cash and maintains its bank deposits with large financial institutions in amounts that, from time to time, exceed federally insured limits. The Company has not experienced any losses in such accounts.</span></div> | ||
CY2022Q4 | pstl |
Pstl Number Of Direct Financing Leases
PSTLNumberOfDirectFinancingLeases
|
2 | lease |
CY2022Q4 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
|
16100000 | usd |
CY2023Q1 | pstl |
Number Of Properties Acquired
NumberOfPropertiesAcquired
|
39 | property |
CY2023Q1 | us-gaap |
Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
|
17576000 | usd |
CY2023Q2 | pstl |
Number Of Properties Acquired
NumberOfPropertiesAcquired
|
39 | property |
CY2023Q2 | us-gaap |
Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
|
16019000 | usd |
pstl |
Number Of Properties Acquired
NumberOfPropertiesAcquired
|
78 | property | |
us-gaap |
Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
|
33595000 | usd | |
CY2023Q1 | pstl |
Purchase Price Of Postal Portfolio Acquired Including Closing Costs
PurchasePriceOfPostalPortfolioAcquiredIncludingClosingCosts
|
300000 | usd |
CY2023Q2 | pstl |
Purchase Price Of Postal Portfolio Acquired Including Closing Costs
PurchasePriceOfPostalPortfolioAcquiredIncludingClosingCosts
|
200000 | usd |
CY2023Q2 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
20386000 | usd |
CY2023Q2 | us-gaap |
Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
8511000 | usd |
pstl |
Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
|
80000.00 | usd | |
CY2022Q2 | pstl |
Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
|
20000.00 | usd |
pstl |
Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
|
40000.00 | usd | |
CY2023Q2 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
600000 | usd |
us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
1300000 | usd | |
CY2022Q2 | us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
500000 | usd |
us-gaap |
Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
|
1100000 | usd | |
CY2023Q2 | us-gaap |
Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
|
1233000 | usd |
CY2023Q2 | us-gaap |
Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
|
2143000 | usd |
CY2023Q2 | us-gaap |
Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
|
1566000 | usd |
CY2023Q2 | us-gaap |
Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
|
1266000 | usd |
CY2023Q2 | us-gaap |
Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
|
990000 | usd |
CY2023Q2 | pstl |
Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
|
4677000 | usd |
CY2023Q2 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
11875000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
226996000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
198093000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
1287000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
1431000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
225709000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
196662000 | usd |
pstl |
Weighted Average Maturity Date For Secured Borrowing Term
WeightedAverageMaturityDateForSecuredBorrowingTerm
|
P4Y8M12D | ||
CY2022 | pstl |
Weighted Average Maturity Date For Secured Borrowing Term
WeightedAverageMaturityDateForSecuredBorrowingTerm
|
P5Y6M | |
CY2023Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
9000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
112000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
118000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
29636000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
50774000 | usd |
CY2023Q2 | pstl |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
146347000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
226996000 | usd |
CY2023Q2 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
|
4700000 | usd |
CY2023Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-2500000 | usd |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-4700000 | usd | |
CY2022Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-1300000 | usd |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-2100000 | usd | |
CY2023Q2 | pstl |
Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
|
2 | lease |
CY2023Q2 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
12854000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
10482000 | usd |
us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
25404000 | usd | |
us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
20146000 | usd | |
CY2023Q2 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
1908000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
1653000 | usd |
us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
3857000 | usd | |
us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
3338000 | usd | |
CY2023Q2 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
14762000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
12135000 | usd |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
29261000 | usd | |
us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
23484000 | usd | |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
21551000 | usd |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
40391000 | usd |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
33838000 | usd |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
25414000 | usd |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
14190000 | usd |
CY2023Q2 | pstl |
Lessor Operating Lease Payments To Be Received After Year Four
LessorOperatingLeasePaymentsToBeReceivedAfterYearFour
|
15716000 | usd |
CY2023Q2 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
151100000 | usd |
CY2023Q2 | pstl |
Number Of Expired Leases
NumberOfExpiredLeases
|
115 | property |
CY2023Q2 | pstl |
Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumber
|
67 | property |
CY2023Q2 | pstl |
Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number Purchase Price Greater Than Value Of Underlying Asset
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumberPurchasePriceGreaterThanValueOfUnderlyingAsset
|
64 | property |
CY2023Q2 | pstl |
Lessor Operating Lease Lessee Option To Purchase Underlying Asset Aggregate Carrying Value
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetAggregateCarryingValue
|
49200000 | usd |
CY2023Q2 | pstl |
Lessor Operating Lease Lessee Option To Purchase Underlying Asset Purchase Price Greater Than Value Of Underlying Assets Aggregate Purchase Price
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetPurchasePriceGreaterThanValueOfUnderlyingAssetsAggregatePurchasePrice
|
61900000 | usd |
CY2023Q2 | pstl |
Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number Purchase Price Less Than Or Equal To Underlying Asset
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumberPurchasePriceLessThanOrEqualToUnderlyingAsset
|
3 | property |
CY2023Q2 | pstl |
Lessor Operating Lease Lessee Option To Purchase Underlying Assets Number Purchase Price Less Than Or Equal To Underlying Asset Consideration
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetsNumberPurchasePriceLessThanOrEqualToUnderlyingAssetConsideration
|
2600000 | usd |
CY2023Q2 | pstl |
Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
|
2 | property |
CY2022Q4 | pstl |
Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
|
2 | property |
CY2023Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
|
32646000 | usd |
CY2022Q4 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
|
33215000 | usd |
CY2023Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
|
16563000 | usd |
CY2022Q4 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
|
17085000 | usd |
CY2023Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
|
16083000 | usd |
CY2022Q4 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
|
16130000 | usd |
CY2023Q2 | us-gaap |
Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
|
300000 | usd |
CY2022Q2 | us-gaap |
Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
|
300000 | usd |
us-gaap |
Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
|
500000 | usd | |
CY2023Q2 | us-gaap |
Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
|
300000 | usd |
CY2022Q2 | us-gaap |
Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
|
300000 | usd |
CY2023Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
|
568000 | usd |
CY2023Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
|
1137000 | usd |
CY2023Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
|
1137000 | usd |
CY2023Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
|
1137000 | usd |
CY2023Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
|
1137000 | usd |
CY2023Q2 | pstl |
Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
|
27530000 | usd |
CY2023Q2 | us-gaap |
Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
|
32646000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P22Y1M6D | |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
908000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1010000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
914000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1014000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
60000.00 | usd |
CY2022Q2 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
60000.00 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
100000 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
100000 | usd | |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
124000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
121000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
46000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
43000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
43000 | usd |
CY2023Q2 | pstl |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
1387000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1764000 | usd |
CY2023Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
850000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
914000 | usd |
CY2022Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
20000.00 | usd |
us-gaap |
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
|
20000.00 | usd | |
CY2019Q2 | us-gaap |
Payments For Rent
PaymentsForRent
|
15000 | usd |
CY2019Q2 | us-gaap |
Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
|
P5Y | |
CY2022Q2 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
50000.00 | usd |
CY2023Q2 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
50000.00 | usd |
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
100000 | usd | |
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
100000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1012000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
953000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1360000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1548000 | usd | |
CY2023Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
346000 | usd |
CY2023Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
346000 | usd |
CY2022Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
241000 | usd |
CY2022Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
241000 | usd |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
652000 | usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
652000 | usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
470000 | usd | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
470000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
666000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
666000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
712000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
712000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
708000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
708000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1078000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
1078000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
19544833 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19544833 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18398808 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18398808 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
19417304 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
19417304 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18383544 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18383544 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.06 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.06 | ||
CY2023Q2 | pstl |
Outstanding Partnership Percentage
OutstandingPartnershipPercentage
|
0.198 | |
CY2022Q4 | pstl |
Outstanding Partnership Percentage
OutstandingPartnershipPercentage
|
0.192 | |
CY2023Q2 | us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
22798 | shares |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
1038299 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1215444 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
16.12 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
580052 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
15.56 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
84396 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
12.17 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
16220 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
8.51 | ||
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1694880 | shares |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
16.20 | |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
38672 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
27456 | shares |
CY2023Q2 | pstl |
Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
|
1200000 | usd |
pstl |
Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
|
2800000 | usd | |
CY2023Q2 | pstl |
Employee Benefits And Share Based Compensation Portion Included In Property Operating Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInPropertyOperatingExpenses
|
100000 | usd |
pstl |
Employee Benefits And Share Based Compensation Portion Included In Property Operating Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInPropertyOperatingExpenses
|
400000 | usd | |
CY2022Q2 | pstl |
Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
|
900000 | usd |
pstl |
Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
|
2400000 | usd | |
CY2022Q2 | pstl |
Employee Benefits And Share Based Compensation Portion Included In Property Operating Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInPropertyOperatingExpenses
|
100000 | usd |
pstl |
Employee Benefits And Share Based Compensation Portion Included In Property Operating Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInPropertyOperatingExpenses
|
300000 | usd | |
CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
17400000 | usd |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P5Y3M |