2023 Q4 Form 10-Q Financial Statement

#000162828023035502 Filed on October 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $17.00M $16.11M
YoY Change 14.1% 16.92%
Cost Of Revenue $4.318M $4.010M
YoY Change 21.43% 26.02%
Gross Profit $12.68M $12.10M
YoY Change 11.8% 14.23%
Gross Profit Margin 74.6% 75.13%
Selling, General & Admin $3.533M $3.350M
YoY Change 13.24% 10.2%
% of Gross Profit 27.86% 27.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.43M $4.910M
YoY Change 4.52% 5.89%
% of Gross Profit 82.27% 40.58%
Operating Expenses $8.684M $12.28M
YoY Change 10.19% 13.06%
Operating Profit $3.999M $3.829M
YoY Change 15.48% 31.31%
Interest Expense -$2.724M $2.446M
YoY Change 31.66% 46.47%
% of Operating Profit -68.12% 63.88%
Other Income/Expense, Net $194.0K $246.0K
YoY Change -38.02% 459.09%
Pretax Income $1.469M $1.455M
YoY Change -13.94% 28.31%
Income Tax $16.00K $19.00K
% Of Pretax Income 1.09% 1.31%
Net Earnings $829.0K $1.166M
YoY Change -24.7% 25.24%
Net Earnings / Revenue 4.88% 7.24%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $0.04 $0.04
COMMON SHARES
Basic Shares Outstanding 21.71M shares 20.62M shares
Diluted Shares Outstanding 20.28M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.235M $2.500M
YoY Change 49.5% -45.3%
Cash & Equivalents $2.235M $2.462M
Short-Term Investments
Other Short-Term Assets $12.40M $17.30M
YoY Change -22.33% 9.65%
Inventory
Prepaid Expenses
Receivables $4.750M $5.300M
Other Receivables $1.542M $1.500M
Total Short-Term Assets $20.93M $26.60M
YoY Change -10.06% 4.24%
LONG-TERM ASSETS
Property, Plant & Equipment $513.7M $494.4M
YoY Change 15.77% 15.95%
Goodwill $1.536M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $632.0K $400.0K
YoY Change 15.54% 18.34%
Total Long-Term Assets $546.4M $527.1M
YoY Change 14.31% 14.39%
TOTAL ASSETS
Total Short-Term Assets $20.93M $26.60M
Total Long-Term Assets $546.4M $527.1M
Total Assets $567.3M $553.7M
YoY Change 13.17% 13.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.00M $9.700M
YoY Change 20.78% 13.2%
Accrued Expenses $994.0K $900.0K
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 $12.00M $10.60M
YoY Change 31.69% 23.7%
LONG-TERM LIABILITIES
Long-Term Debt $240.6M $231.5M
YoY Change 22.35% 23.28%
Other Long-Term Liabilities $13.10M $12.20M
YoY Change 10.82% 2.65%
Total Long-Term Liabilities $253.7M $243.7M
YoY Change 21.7% 22.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.00M $10.60M
Total Long-Term Liabilities $253.7M $243.7M
Total Liabilities $265.7M $254.4M
YoY Change 22.12% 22.15%
SHAREHOLDERS EQUITY
Retained Earnings -$48.55M -$44.53M
YoY Change 49.11% 51.28%
Common Stock $215.0K
YoY Change 13.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $243.6M $244.9M
YoY Change
Total Liabilities & Shareholders Equity $567.3M $553.7M
YoY Change 13.17% 13.86%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $829.0K $1.166M
YoY Change -24.7% 25.24%
Depreciation, Depletion And Amortization $10.43M $4.910M
YoY Change 4.52% 5.89%
Cash From Operating Activities $7.106M $6.710M
YoY Change 18.02% 21.71%
INVESTING ACTIVITIES
Capital Expenditures $16.09M $23.17M
YoY Change -21.7% -230.97%
Acquisitions
YoY Change
Other Investing Activities $326.0K $410.0K
YoY Change -17.26% -1466.67%
Cash From Investing Activities -$15.76M -$22.77M
YoY Change -21.78% 28.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.638M 16.00M
YoY Change -23.33% 43.25%
NET CHANGE
Cash From Operating Activities 7.106M 6.710M
Cash From Investing Activities -15.76M -22.77M
Cash From Financing Activities 8.638M 16.00M
Net Change In Cash -20.00K -60.00K
YoY Change -99.3% -94.23%
FREE CASH FLOW
Cash From Operating Activities $7.106M $6.710M
Capital Expenditures $16.09M $23.17M
Free Cash Flow -$8.984M -$16.46M
YoY Change -38.16% -170.94%

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PaymentsForProceedsFromLeaseReceivables
10000 usd
pstl Tenant Improvements1
TenantImprovements1
269000 usd
pstl Costs Of Capital Incurred But Not Yet Paid
CostsOfCapitalIncurredButNotYetPaid
65000 usd
pstl Costs Of Capital Incurred But Not Yet Paid
CostsOfCapitalIncurredButNotYetPaid
0 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
39000 usd
pstl Tenant Improvements1
TenantImprovements1
471000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
2092000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
2930000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
441000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
557000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
15000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
718000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56845000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-99993000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
101000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
96000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
35000000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
75000000 usd
pstl Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
49000000 usd
pstl Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
105000000 usd
pstl Repayments Of Revolving Credit Facility
RepaymentsOfRevolvingCreditFacility
49000000 usd
pstl Repayments Of Revolving Credit Facility
RepaymentsOfRevolvingCreditFacility
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
20808000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3507000 usd
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
107000 usd
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
199000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
261000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
623000 usd
pstl Proceeds From Issuance Of Shares
ProceedsFromIssuanceOfShares
182000 usd
pstl Proceeds From Issuance Of Shares
ProceedsFromIssuanceOfShares
185000 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 Payments Of Dividends
PaymentsOfDividends
18008000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
15970000 usd
pstl Other Financing Activities
OtherFinancingActivities
119000 usd
pstl Other Financing Activities
OtherFinancingActivities
116000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36369000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
79305000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
845000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2118000 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2887000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4908000 usd
us-gaap Stock Issued1
StockIssued1
6683000 usd
us-gaap Stock Issued1
StockIssued1
0 usd
pstl Reallocation Of Non Controlling Interest Non Cash
ReallocationOfNonControllingInterestNonCash
4595000 usd
pstl Reallocation Of Non Controlling Interest Non Cash
ReallocationOfNonControllingInterestNonCash
1719000 usd
pstl Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssued
3301000 usd
pstl Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssued
8487000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2632000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
8366000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
229000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
445000 usd
pstl Reclassification Of Acquisition Deposits
ReclassificationOfAcquisitionDeposits
205000 usd
pstl Reclassification Of Acquisition Deposits
ReclassificationOfAcquisitionDeposits
696000 usd
pstl Write Off Of Fixed Assets No Longer In Service
WriteOffOfFixedAssetsNoLongerInService
147000 usd
pstl Write Off Of Fixed Assets No Longer In Service
WriteOffOfFixedAssetsNoLongerInService
208000 usd
pstl Reclassification Of Construction Deposits
ReclassificationOfConstructionDeposits
113000 usd
pstl Reclassification Of Construction Deposits
ReclassificationOfConstructionDeposits
12000 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 September 30, 2023, the Company held an approximately 81.8% 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 September 30, 2023, the Company owned a portfolio of 1,434 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”). The Company also owns several, and may in the future further acquire, land parcels that may be added to existing or future leases with the USPS or used for other purposes that are consistent with the Company’s investment strategy.</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>
CY2023Q3 pstl Percentage Of Interest In Operating Partnership
PercentageOfInterestInOperatingPartnership
0.818
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>
CY2023Q3 us-gaap Cash
Cash
2462000 usd
CY2022Q4 us-gaap Cash
Cash
1495000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
287000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
206000 usd
CY2023Q3 pstl Real Estate Tax Reserve
RealEstateTaxReserve
93000 usd
CY2022Q4 pstl Real Estate Tax Reserve
RealEstateTaxReserve
240000 usd
CY2023Q3 pstl Espp Reserve
EsppReserve
45000 usd
CY2022Q4 pstl Espp Reserve
EsppReserve
101000 usd
CY2023Q3 pstl Cash And Escrows And Reserves
CashAndEscrowsAndReserves
2887000 usd
CY2022Q4 pstl Cash And Escrows And Reserves
CashAndEscrowsAndReserves
2042000 usd
CY2023Q3 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
26700000 usd
CY2022Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
27500000 usd
CY2023Q3 us-gaap Secured Debt Current
SecuredDebtCurrent
33000000 usd
CY2022Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
33100000 usd
CY2023Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
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 September 30, 2023, the Company’s properties were leased primarily to a single tenant, the USPS. For the nine months ended September 30, 2023, approximately 13.5% of the Company’s total rental income, or $6.0 million, was concentrated in Pennsylvania. For the nine months ended September 30, 2022, approximately 15.4% of the Company's total rental income, or $5.6 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>
CY2023Q3 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
658000 usd
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
CY2023Q3 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
2343000 usd
CY2023Q3 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
1699000 usd
CY2023Q3 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
1369000 usd
CY2023Q3 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
1066000 usd
CY2023Q3 pstl Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
5079000 usd
CY2023Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
12214000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
232992000 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
CY2023Q3 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
70 property
CY2023Q3 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
24822000 usd
pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
148 property
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
58417000 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
CY2023Q3 pstl Purchase Price Of Postal Portfolio Acquired Including Closing Costs
PurchasePriceOfPostalPortfolioAcquiredIncludingClosingCosts
700000 usd
CY2023Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
21369000 usd
CY2023Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
9155000 usd
CY2023Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
12214000 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
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1700000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5300000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1800000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 usd
CY2023Q3 pstl Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
40000.00 usd
pstl Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
100000 usd
CY2022Q3 pstl Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
20000.00 usd
pstl Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
100000 usd
CY2023Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
600000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1900000 usd
CY2022Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
600000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1700000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
198093000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1451000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1431000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
231541000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
196662000 usd
pstl Weighted Average Maturity Date For Secured Borrowing Term
WeightedAverageMaturityDateForSecuredBorrowingTerm
P4Y7M6D
CY2022 pstl Weighted Average Maturity Date For Secured Borrowing Term
WeightedAverageMaturityDateForSecuredBorrowingTerm
P5Y6M
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
4000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
112000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
118000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
635000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
75771000 usd
CY2023Q3 pstl Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
156352000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
232992000 usd
CY2023Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
5100000 usd
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2600000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7300000 usd
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1800000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3900000 usd
CY2023Q3 pstl Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
2 lease
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
13299000 usd
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
11435000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
38703000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
31581000 usd
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2139000 usd
CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1746000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
5996000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
5084000 usd
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15438000 usd
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
13181000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
44699000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
36665000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
12148000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
46309000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
39645000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
31298000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
17646000 usd
CY2023Q3 pstl Lessor Operating Lease Payments To Be Received After Year Four
LessorOperatingLeasePaymentsToBeReceivedAfterYearFour
17101000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
164147000 usd
CY2023Q3 pstl Number Of Expired Leases
NumberOfExpiredLeases
51 property
CY2023Q3 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumber
72 property
CY2023Q3 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number Purchase Price Greater Than Value Of Underlying Asset
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumberPurchasePriceGreaterThanValueOfUnderlyingAsset
68 property
CY2023Q3 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Aggregate Carrying Value
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetAggregateCarryingValue
53300000 usd
CY2023Q3 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Purchase Price Greater Than Value Of Underlying Assets Aggregate Purchase Price
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetPurchasePriceGreaterThanValueOfUnderlyingAssetsAggregatePurchasePrice
66600000 usd
CY2023Q3 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number Purchase Price Less Than Or Equal To Underlying Asset
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumberPurchasePriceLessThanOrEqualToUnderlyingAsset
4 property
CY2023Q3 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Assets Number Purchase Price Less Than Or Equal To Underlying Asset Consideration
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetsNumberPurchasePriceLessThanOrEqualToUnderlyingAssetConsideration
2900000 usd
CY2022Q4 pstl Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
2 property
CY2023Q3 pstl Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
2 property
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
32362000 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
33215000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
16300000 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
17085000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
16062000 usd
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
16130000 usd
CY2023Q3 us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
300000 usd
CY2022Q3 us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
300000 usd
us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
800000 usd
CY2023Q3 us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
300000 usd
CY2022Q3 us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
300000 usd
us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
800000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1513000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
284000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
1137000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
1137000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
1137000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
1137000 usd
CY2023Q3 pstl Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
27530000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
32362000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P21Y10M24D
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
857000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1010000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
863000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1014000 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
50000.00 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
200000 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
60000.00 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
200000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
63000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
121000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
46000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
43000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
43000 usd
CY2023Q3 pstl Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1387000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1703000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
840000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
863000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1513000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1756000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1756000 usd
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20277417 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20277417 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18554578 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18554578 shares
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
CY2022Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
50000.00 usd
CY2023Q3 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
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
1166000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
931000 usd
us-gaap Net Income Loss
NetIncomeLoss
2526000 usd
us-gaap Net Income Loss
NetIncomeLoss
2479000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
361000 usd
CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
361000 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
252000 usd
CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
252000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1013000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1013000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
723000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
723000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
805000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
805000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
679000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
679000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19712504 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19712504 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18467581 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18467581 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2023Q3 pstl Outstanding Partnership Percentage
OutstandingPartnershipPercentage
0.182
CY2022Q4 pstl Outstanding Partnership Percentage
OutstandingPartnershipPercentage
0.192
us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
402433 shares
pstl Noncontrolling Interest Operating Partnership Units Redeemed For Cash
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCash
37500 shares
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
600000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1025868 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
602506 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
15.53
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
16385 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
8.58
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1717169 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
16.18
CY2020 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
CY2023Q3 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
4100000 usd
CY2023Q3 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
500000 usd
CY2022Q3 pstl Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
1000000 usd
pstl Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
3400000 usd
CY2022Q3 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
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
16400000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P5Y1M6D

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