2024 Q1 Form 10-K Financial Statement

#000162828024008057 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $17.29M $17.00M $63.71M
YoY Change 14.12% 14.1% 19.47%
Cost Of Revenue $4.655M $4.318M $15.37M
YoY Change 29.05% 21.43% 20.18%
Gross Profit $12.63M $12.68M $48.34M
YoY Change 9.45% 11.8% 19.24%
Gross Profit Margin 73.07% 74.6% 75.87%
Selling, General & Admin $4.292M $3.533M $14.65M
YoY Change 3.2% 13.24% 11.78%
% of Gross Profit 33.98% 27.86% 30.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.476M $10.43M $19.69M
YoY Change 13.34% 4.52% 11.06%
% of Gross Profit 27.52% 82.27% 40.73%
Operating Expenses $14.25M $8.684M $49.72M
YoY Change 13.05% 10.19% 13.95%
Operating Profit $3.039M $3.999M $14.00M
YoY Change 19.41% 15.48% 44.29%
Interest Expense $2.637M -$2.724M $9.339M
YoY Change 28.95% 31.66% 73.65%
% of Operating Profit 86.77% -68.12% 66.73%
Other Income/Expense, Net $50.00K $194.0K $679.0K
YoY Change -56.14% -38.02% -34.01%
Pretax Income $272.0K $1.469M $4.655M
YoY Change -39.42% -13.94% -2.12%
Income Tax $16.00K $16.00K $72.00K
% Of Pretax Income 5.88% 1.09% 1.55%
Net Earnings $206.0K $829.0K $3.709M
YoY Change -40.8% -24.7% -3.76%
Net Earnings / Revenue 1.19% 4.88% 5.82%
Basic Earnings Per Share -$0.01 $0.12
Diluted Earnings Per Share -$0.01 $0.04 $0.12
COMMON SHARES
Basic Shares Outstanding 22.51M shares 21.71M shares 20.15M shares
Diluted Shares Outstanding 22.05M shares 20.15M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.898M $2.235M $2.235M
YoY Change -10.13% 49.5% 49.5%
Cash & Equivalents $1.898M $2.235M
Short-Term Investments
Other Short-Term Assets $14.03M $12.40M $12.40M
YoY Change 20.87% -22.33% -17.09%
Inventory
Prepaid Expenses
Receivables $4.527M $4.750M $4.750M
Other Receivables $1.643M $1.542M $1.542M
Total Short-Term Assets $22.10M $20.93M $20.93M
YoY Change 23.73% -10.06% -5.98%
LONG-TERM ASSETS
Property, Plant & Equipment $529.6M $513.7M $513.7M
YoY Change 15.32% 15.77% 15.5%
Goodwill $1.536M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $791.0K $632.0K $632.0K
YoY Change 17.71% 15.54% 15.54%
Total Long-Term Assets $562.0M $546.4M $546.4M
YoY Change 13.99% 14.31% 14.06%
TOTAL ASSETS
Total Short-Term Assets $22.10M $20.93M $20.93M
Total Long-Term Assets $562.0M $546.4M $546.4M
Total Assets $584.1M $567.3M $567.3M
YoY Change 14.33% 13.17% 13.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.375M $11.00M $11.00M
YoY Change 29.56% 20.78% 35.91%
Accrued Expenses $997.0K $994.0K $994.0K
YoY Change 3.32% -1.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.372M $12.00M $12.00M
YoY Change 26.15% 31.69% 31.69%
LONG-TERM LIABILITIES
Long-Term Debt $247.6M $240.6M $240.6M
YoY Change 15.9% 22.35% 22.35%
Other Long-Term Liabilities $13.81M $13.10M $13.10M
YoY Change 14.8% 10.82% 10.82%
Total Long-Term Liabilities $261.4M $253.7M $253.7M
YoY Change 15.84% 21.7% 21.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.372M $12.00M $12.00M
Total Long-Term Liabilities $261.4M $253.7M $253.7M
Total Liabilities $270.8M $265.7M $323.8M
YoY Change 16.17% 22.12% 19.01%
SHAREHOLDERS EQUITY
Retained Earnings -$53.86M -$48.55M
YoY Change 45.58% 49.11%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $248.1M $243.6M $243.6M
YoY Change
Total Liabilities & Shareholders Equity $584.1M $567.3M $567.3M
YoY Change 14.33% 13.17% 13.17%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $206.0K $829.0K $3.709M
YoY Change -40.8% -24.7% -3.76%
Depreciation, Depletion And Amortization $3.476M $10.43M $19.69M
YoY Change 13.34% 4.52% 11.06%
Cash From Operating Activities $6.401M $7.106M $28.43M
YoY Change -17.03% 18.02% 15.6%
INVESTING ACTIVITIES
Capital Expenditures $13.57M $16.09M $73.09M
YoY Change -23.71% -21.7% -39.04%
Acquisitions
YoY Change
Other Investing Activities $134.0K $326.0K $68.00K
YoY Change 1118.18% -17.26% -91.58%
Cash From Investing Activities -$13.86M -$15.76M -$72.61M
YoY Change -23.09% -21.78% -39.57%
FINANCING ACTIVITIES
Cash Dividend Paid $6.859M $24.36M
YoY Change 15.03% 12.96%
Common Stock Issuance & Retirement, Net $26.69M
YoY Change 133.18%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $7.278M 8.638M $45.01M
YoY Change -34.09% -23.33% -50.31%
NET CHANGE
Cash From Operating Activities $6.401M 7.106M $28.43M
Cash From Investing Activities -$13.86M -15.76M -$72.61M
Cash From Financing Activities $7.278M 8.638M $45.01M
Net Change In Cash -$178.0K -20.00K $825.0K
YoY Change -123.99% -99.3% -116.55%
FREE CASH FLOW
Cash From Operating Activities $6.401M $7.106M $28.43M
Capital Expenditures $13.57M $16.09M $73.09M
Free Cash Flow -$7.165M -$8.984M -$44.67M
YoY Change -28.83% -38.16% -53.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 us-gaap Operating Expenses
OperatingExpenses
43630000 usd
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001759774
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#PrepaidExpenseAndOtherAssets
CY2022Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#PrepaidExpenseAndOtherAssets
CY2022Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherAccountsPayableAndAccruedLiabilities
CY2023Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#AccountsPayableAndOtherAccruedLiabilities
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Entity File Number
EntityFileNumber
001-38903
CY2023 dei Entity Registrant Name
EntityRegistrantName
POSTAL REALTY TRUST, INC.
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
83-2586114
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
75 Columbia Avenue
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Cedarhurst
CY2023 dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
11516
CY2023 dei City Area Code
CityAreaCode
516
CY2023 dei Local Phone Number
LocalPhoneNumber
295-7820
CY2023 dei Security12b Title
Security12bTitle
Class A Common Stock, par value $0.01 per share
CY2023 dei Trading Symbol
TradingSymbol
PSTL
CY2023 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
true
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2023 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2023 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Public Float
EntityPublicFloat
275900000 usd
CY2024Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
22511828 shares
CY2023 dei Auditor Firm
AuditorFirmId
34
CY2023 dei Auditor Name
AuditorName
Deloitte & Touche LLP
CY2023 dei Auditor Location
AuditorLocation
New York, New York
CY2023Q4 us-gaap Land
Land
106074000 usd
CY2022Q4 us-gaap Land
Land
90020000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
443470000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
378596000 usd
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
6977000 usd
CY2022Q4 us-gaap Tenant Improvements
TenantImprovements
6375000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
556521000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
474991000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
43791000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
31257000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
512730000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
443734000 usd
CY2023Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
16042000 usd
CY2022Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
16130000 usd
CY2023Q4 us-gaap Investments
Investments
528772000 usd
CY2022Q4 us-gaap Investments
Investments
459864000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2235000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1495000 usd
CY2023Q4 pstl Escrows And Reserves
EscrowsAndReserves
632000 usd
CY2022Q4 pstl Escrows And Reserves
EscrowsAndReserves
547000 usd
CY2023Q4 pstl Rent And Other Receivables
RentAndOtherReceivables
4750000 usd
CY2022Q4 pstl Rent And Other Receivables
RentAndOtherReceivables
4613000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
13369000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
15968000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1536000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1536000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
1542000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
1194000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14154000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15687000 usd
CY2023Q4 pstl Above Market Leases
AboveMarketLeases
355000 usd
CY2022Q4 pstl Above Market Leases
AboveMarketLeases
399000 usd
CY2023Q4 us-gaap Assets
Assets
567345000 usd
CY2022Q4 us-gaap Assets
Assets
501303000 usd
CY2023Q4 us-gaap Unsecured Debt
UnsecuredDebt
198801000 usd
CY2022Q4 us-gaap Unsecured Debt
UnsecuredDebt
163753000 usd
CY2023Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
9000000 usd
CY2022Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
0 usd
CY2023Q4 pstl Mortgage Level Debt
MortgageLevelDebt
32823000 usd
CY2022Q4 pstl Mortgage Level Debt
MortgageLevelDebt
32909000 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
11996000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
9109000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13100000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
11821000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
265720000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
217592000 usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
287268000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
254107000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4621000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7486000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-48546000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32557000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
243562000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
229231000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
58063000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
54480000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
301625000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
283711000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
567345000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
501303000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
60970000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
50876000 usd
CY2023 us-gaap Other Income
OtherIncome
2742000 usd
CY2022 us-gaap Other Income
OtherIncome
2454000 usd
CY2023 us-gaap Revenues
Revenues
63712000 usd
CY2022 us-gaap Revenues
Revenues
53330000 usd
CY2023 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
8549000 usd
CY2022 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
7168000 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
49716000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
13996000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
9700000 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
679000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1029000 usd
CY2023 us-gaap Interest Expense
InterestExpense
9339000 usd
CY2022 us-gaap Interest Expense
InterestExpense
5378000 usd
CY2023 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
686000 usd
CY2022 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
596000 usd
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
5000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000 usd
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-10020000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5973000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4655000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4756000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
72000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
4583000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
4744000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
874000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
890000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
3709000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
3854000 usd
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20145151 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20145151 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18545494 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18545494 shares
CY2023 us-gaap Profit Loss
ProfitLoss
4583000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
4744000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3500000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
8249000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1083000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
12993000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
239000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2419000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
844000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10574000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
265473000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11339000 usd
CY2022 pstl Issuance Of Op Units In Connection With Transaction
IssuanceOfOpUnitsInConnectionWithTransaction
10884000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4795000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
217000 usd
CY2022 pstl Restricted Stock Withholding
RestrictedStockWithholding
-424000 usd
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21566000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8249000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
4744000 usd
CY2022 pstl Reallocation Of Noncontrolling Interest
ReallocationOfNoncontrollingInterest
0 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
283711000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
26560000 usd
CY2023 pstl Issuance Of Op Units In Connection With Transaction
IssuanceOfOpUnitsInConnectionWithTransaction
9619000 usd
CY2023 pstl Stock Issued During Period Value Redemption Of Noncontrolling Interests
StockIssuedDuringPeriodValueRedemptionOfNoncontrollingInterests
0 usd
CY2023 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
558000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5802000 usd
CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
215000 usd
CY2023 pstl Restricted Stock Withholding
RestrictedStockWithholding
-445000 usd
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
24362000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3500000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
4583000 usd
CY2023 pstl Reallocation Of Noncontrolling Interest
ReallocationOfNoncontrollingInterest
0 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
301625000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
4583000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
4744000 usd
CY2023 us-gaap Depreciation
Depreciation
19688000 usd
CY2022 us-gaap Depreciation
Depreciation
17727000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
686000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
596000 usd
CY2023 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2411000 usd
CY2022 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2185000 usd
CY2023 pstl Amortization Of Intangible Liability
AmortizationOfIntangibleLiability
140000 usd
CY2022 pstl Amortization Of Intangible Liability
AmortizationOfIntangibleLiability
91000 usd
CY2023 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
654000 usd
CY2022 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
843000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
5834000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
4718000 usd
CY2023 pstl Other Receivable
OtherReceivable
47000 usd
CY2022 pstl Other Receivable
OtherReceivable
47000 usd
CY2023 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
348000 usd
CY2022 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
529000 usd
CY2023 us-gaap Straight Line Rent
StraightLineRent
-3000 usd
CY2022 us-gaap Straight Line Rent
StraightLineRent
-8000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-128000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
358000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
501000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
95000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1512000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
852000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28427000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24591000 usd
CY2023 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
70224000 usd
CY2022 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
116212000 usd
CY2023 us-gaap Payments To Acquire Lease Receivables
PaymentsToAcquireLeaseReceivables
0 usd
CY2022 us-gaap Payments To Acquire Lease Receivables
PaymentsToAcquireLeaseReceivables
10000 usd
CY2023 pstl Tenant Improvements1
TenantImprovements1
103000 usd
CY2022 pstl Tenant Improvements1
TenantImprovements1
273000 usd
CY2023 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
654000 usd
CY2022 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
843000 usd
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
2868000 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
3687000 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
68000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
808000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-72609000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-120147000 usd
CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
106000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
100000 usd
CY2023 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
35000000 usd
CY2022 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
115000000 usd
CY2023 pstl Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
62000000 usd
CY2022 pstl Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
115000000 usd
CY2023 pstl Repayments Of Revolving Credit Facility
RepaymentsOfRevolvingCreditFacility
53000000 usd
CY2022 pstl Repayments Of Revolving Credit Facility
RepaymentsOfRevolvingCreditFacility
128000000 usd
CY2023 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
558000 usd
CY2022 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
0 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
26690000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11446000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
266000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
811000 usd
CY2023 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
107000 usd
CY2022 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
199000 usd
CY2023 pstl Proceeds From Issuance Of Shares
ProceedsFromIssuanceOfShares
183000 usd
CY2022 pstl Proceeds From Issuance Of Shares
ProceedsFromIssuanceOfShares
185000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
467000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
383000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
24362000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
21566000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
45007000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
90572000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
825000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4984000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2867000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2042000 usd
CY2023 pstl Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssued
9619000 usd
CY2022 pstl Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssued
9433000 usd
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-3500000 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
8249000 usd
CY2023 pstl Reallocation Of Non Controlling Interest Non Cash
ReallocationOfNonControllingInterestNonCash
3369000 usd
CY2022 pstl Reallocation Of Non Controlling Interest Non Cash
ReallocationOfNonControllingInterestNonCash
1730000 usd
CY2023 pstl Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued For Business Acquisition
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssuedForBusinessAcquisition
0 usd
CY2022 pstl Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued For Business Acquisition
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssuedForBusinessAcquisition
-1451000 usd
CY2023 pstl Reclassification Of Acquisition Deposits
ReclassificationOfAcquisitionDeposits
210000 usd
CY2022 pstl Reclassification Of Acquisition Deposits
ReclassificationOfAcquisitionDeposits
696000 usd
CY2023 pstl Write Off Of Fixed Assets No Longer In Service
WriteOffOfFixedAssetsNoLongerInService
147000 usd
CY2022 pstl Write Off Of Fixed Assets No Longer In Service
WriteOffOfFixedAssetsNoLongerInService
327000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
348000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
231000 usd
CY2023 pstl Taxes Incurred But Not Yet Paid
TaxesIncurredButNotYetPaid
118000 usd
CY2022 pstl Taxes Incurred But Not Yet Paid
TaxesIncurredButNotYetPaid
140000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
169000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
131000 usd
CY2023 pstl Costs Of Capital Incurred But Not Yet Paid
CostsOfCapitalIncurredButNotYetPaid
130000 usd
CY2022 pstl Costs Of Capital Incurred But Not Yet Paid
CostsOfCapitalIncurredButNotYetPaid
107000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
Organization and Description of Business<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%">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 December 31, 2023, the Company held an approximately 80.7% 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 December 31, 2023, the Company owned a portfolio of 1,509 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-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%">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="text-indent:36pt"><span><br/></span></div><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%">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 may form 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>
CY2023Q4 pstl Percentage Of Interest In Operating Partnership
PercentageOfInterestInOperatingPartnership
0.807
CY2023 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 the U.S. generally accepted accounting principles 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 applicable sections elsewhere in the Consolidated Financial Statements, the 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>
CY2023Q4 us-gaap Cash
Cash
2235000 usd
CY2022Q4 us-gaap Cash
Cash
1495000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
314000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
206000 usd
CY2023Q4 pstl Real Estate Tax Reserve
RealEstateTaxReserve
231000 usd
CY2022Q4 pstl Real Estate Tax Reserve
RealEstateTaxReserve
240000 usd
CY2023Q4 pstl Espp Reserve
EsppReserve
87000 usd
CY2022Q4 pstl Espp Reserve
EsppReserve
101000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2867000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2042000 usd
CY2023Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
28000000 usd
CY2022Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
27500000 usd
CY2023Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
33000000 usd
CY2022Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
33100000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023 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 December 31, 2023, the Company’s properties were leased primarily to a single tenant, the USPS. For the year ended December 31, 2023, approximately 13.2% of the Company's total rental income, or $8.0 million, was concentrated in Pennsylvania. For the year ended December 31, 2022, approximately 15.1% of the Company's total rental income, or $7.7 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="text-indent:36pt"><span><br/></span></div><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%">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>
CY2023Q4 pstl Number Of Direct Financing Leases
NumberOfDirectFinancingLeases
2 lease
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
16000000 usd
CY2023Q1 pstl Number Of Additional Postal Properties Acquired
NumberOfAdditionalPostalPropertiesAcquired
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
CY2023Q4 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
75 property
CY2023Q4 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
21643000 usd
CY2023 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
223 property
CY2023 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
80060000 usd
CY2022Q1 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
50 property
CY2022Q1 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
27575000 usd
CY2022Q2 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
150 property
CY2022Q2 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
56744000 usd
CY2022Q3 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
66 property
CY2022Q3 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
21337000 usd
CY2022Q4 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
54 property
CY2022Q4 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
20735000 usd
CY2022 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
320 property
CY2022 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
126391000 usd
CY2023Q3 pstl Number Of Unfavorable Operating Lease Properties
NumberOfUnfavorableOperatingLeaseProperties
2 property
CY2023Q4 pstl Number Of Unfavorable Operating Lease Properties
NumberOfUnfavorableOperatingLeaseProperties
1 property
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
CY2023Q4 pstl Purchase Price Of Postal Portfolio Acquired Including Closing Costs
PurchasePriceOfPostalPortfolioAcquiredIncludingClosingCosts
600000 usd
CY2023Q1 pstl Number Of Additional Postal Properties Acquired
NumberOfAdditionalPostalPropertiesAcquired
39 property
CY2023Q2 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
39 property
CY2023Q3 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
70 property
CY2023Q4 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
75 property
CY2022Q1 pstl Acquisition Cost
AcquisitionCost
600000 usd
CY2022Q2 pstl Acquisition Cost
AcquisitionCost
1700000 usd
CY2022Q3 pstl Acquisition Cost
AcquisitionCost
500000 usd
CY2022Q4 pstl Acquisition Cost
AcquisitionCost
500000 usd
CY2022Q1 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
50 property
CY2022Q1 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
27600000 usd
CY2022Q2 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
150 property
CY2022Q2 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
56700000 usd
CY2022Q3 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
66 property
CY2022Q3 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
21300000 usd
CY2022Q4 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
54 property
CY2022Q4 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
20700000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
22940000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
9840000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13100000 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
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7100000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7000000 usd
CY2023 pstl Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
200000 usd
CY2022 pstl Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
100000 usd
CY2023 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
2600000 usd
CY2022 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
2300000 usd
CY2023 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P8Y9M18D
CY2023Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
2592000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
1914000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
1559000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
1220000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
1011000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
4804000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13100000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
241988000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
198093000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1364000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1431000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
240624000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
196662000 usd
CY2023 pstl Weighted Average Maturity Date For Secured Borrowing Term
WeightedAverageMaturityDateForSecuredBorrowingTerm
P4Y2M12D
CY2022 pstl Weighted Average Maturity Date For Secured Borrowing Term
WeightedAverageMaturityDateForSecuredBorrowingTerm
P5Y6M
CY2023 us-gaap Interest Paid Net
InterestPaidNet
9200000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
5100000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
112000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
118000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
9636000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
75776000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
125803000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
30543000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
241988000 usd
CY2023Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
3900000 usd
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-10000000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6000000 usd
CY2023Q4 pstl Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
2 lease
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
52668000 usd
CY2022 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
43808000 usd
CY2023 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
8302000 usd
CY2022 pstl Operating Lease Lease Income Variable Leases
OperatingLeaseLeaseIncomeVariableLeases
7068000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
60970000 usd
CY2022 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
50876000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
48158000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
42375000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
33760000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
19633000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
11122000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
9827000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
164875000 usd
CY2023Q4 pstl Number Of Expired Leases
NumberOfExpiredLeases
81 property
CY2023Q3 pstl Number Of Properties Terminated
NumberOfPropertiesTerminated
1 property
CY2023Q4 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumber
74 property
CY2023Q4 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number Purchase Price Greater Than Value Of Underlying Asset
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumberPurchasePriceGreaterThanValueOfUnderlyingAsset
70 property
CY2023Q4 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Purchase Price Greater Than Value Of Underlying Asset Consideration
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetPurchasePriceGreaterThanValueOfUnderlyingAssetConsideration
52900000 usd
CY2023Q4 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Purchase Price Greater Than Value Of Underlying Assets Aggregate Purchase Price
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetPurchasePriceGreaterThanValueOfUnderlyingAssetsAggregatePurchasePrice
67900000 usd
CY2023Q4 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number Purchase Price Less Than Or Equal To Underlying Asset
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumberPurchasePriceLessThanOrEqualToUnderlyingAsset
4 property
CY2023Q4 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Assets Number Purchase Price Less Than Or Equal To Underlying Asset Consideration
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetsNumberPurchasePriceLessThanOrEqualToUnderlyingAssetConsideration
2900000 usd
CY2023Q4 pstl Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
2 property
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
32078000 usd
CY2022Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Minimum Payments To Be Received
CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived
33215000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
16036000 usd
CY2022Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases Deferred Income
CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome
17085000 usd
CY2023Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases
CapitalLeasesNetInvestmentInDirectFinancingLeases
16042000 usd
CY2022Q4 us-gaap Capital Leases Net Investment In Direct Financing Leases
CapitalLeasesNetInvestmentInDirectFinancingLeases
16130000 usd
CY2023 us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
1000000 usd
CY2022 us-gaap Capital Leases Income Statement Direct Financing Lease Revenue
CapitalLeasesIncomeStatementDirectFinancingLeaseRevenue
1100000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
1137000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
1137000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
1137000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
1137000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
1137000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
26393000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
32078000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P23Y3M18D
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
967000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1010000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
994000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1014000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0425
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
200000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
162000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
87000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
75000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
48000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
42000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1619000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2033000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1039000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
994000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20000.00 usd
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
10000.00 usd
CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
20000.00 usd
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
200000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
188000 usd
CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
23000 usd
CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
165000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
23000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
50000.00 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
100000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
3709000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
3854000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-1367000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-1367000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-997000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-997000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2342000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2342000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2857000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2857000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20145151 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20145151 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18545494 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18545494 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.925
CY2023Q4 pstl Noncontrolling Interests Op Units
NoncontrollingInterestsOpUnits
4387334 shares
CY2023Q4 pstl Noncontrolling Interest Ltip Units
NoncontrollingInterestLtipUnits
884621 shares
CY2022Q4 pstl Noncontrolling Interests Op Units
NoncontrollingInterestsOpUnits
4133619 shares
CY2022Q4 pstl Noncontrolling Interest Ltip Units
NoncontrollingInterestLtipUnits
536868 shares
CY2023Q4 pstl Outstanding Partnership Percentage
OutstandingPartnershipPercentage
0.193
CY2022Q4 pstl Outstanding Partnership Percentage
OutstandingPartnershipPercentage
0.192
CY2023 pstl Noncontrolling Interest Operating Partnership Units Redeemed For Cash
NoncontrollingInterestOperatingPartnershipUnitsRedeemedForCash
37500 shares
CY2023 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
600000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1034609 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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
602501 shares
CY2023 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
CY2023 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
2673 shares
CY2023 pstl Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Conversion To Common Stock Weighted Average Price Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsConversionToCommonStockWeightedAveragePricePerShare
18.02
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
103466 shares
CY2023 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
13.11
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
17046 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
8.86
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1694760 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
16.16
CY2023 pstl Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
5200000 usd
CY2023 pstl Employee Benefits And Share Based Compensation Portion Included In Property Operating Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInPropertyOperatingExpenses
600000 usd
CY2022 pstl Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
4300000 usd
CY2022 pstl Employee Benefits And Share Based Compensation Portion Included In Property Operating Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInPropertyOperatingExpenses
400000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
1500000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
1200000 usd
CY2023 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
CY2022 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
16.88
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
15100000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P5Y
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023 srt Sec Schedule Iii Real Estate Number Of Units
SECScheduleIIIRealEstateNumberOfUnits
1507 property
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
32988000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
106074000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
440868000 usd
CY2023Q4 pstl Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisition
9579000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
106074000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
450447000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
556521000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
43791000 usd
CY2023 pstl Number Of Properties Accounted For As Direct Financing Leases
NumberOfPropertiesAccountedForAsDirectFinancingLeases
2 property
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
573500000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
474991000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
348365000 usd
CY2023 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
78608000 usd
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
123719000 usd
CY2023 us-gaap Real Estate Improvements
RealEstateImprovements
3068000 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
3251000 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
145000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
322000 usd
CY2023 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
1000 usd
CY2022 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
22000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
556521000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
474991000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
31257000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
20884000 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
12503000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
10695000 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Period Increase Decrease
RealEstateAccumulatedDepreciationPeriodIncreaseDecrease
-31000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Period Increase Decrease
RealEstateAccumulatedDepreciationPeriodIncreaseDecrease
322000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
43791000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
31257000 usd

Files In Submission

Name View Source Status
pstl-20231231_def.xml Edgar Link unprocessable
0001628280-24-008057-index-headers.html Edgar Link pending
0001628280-24-008057-index.html Edgar Link pending
0001628280-24-008057.txt Edgar Link pending
0001628280-24-008057-xbrl.zip Edgar Link pending
ex97for202310-k.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
pstl-20231231.htm Edgar Link pending
pstl-20231231.xsd Edgar Link pending
pstl-20231231x10kexx211.htm Edgar Link pending
pstl-20231231x10kexx231.htm Edgar Link pending
pstl-20231231x10kexx232.htm Edgar Link pending
pstl-20231231x10kexx311.htm Edgar Link pending
pstl-20231231x10kexx312.htm Edgar Link pending
pstl-20231231x10kexx321.htm Edgar Link pending
pstl-20231231x10kexx322.htm Edgar Link pending
pstl-20231231_g1.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
pstl-20231231_cal.xml Edgar Link unprocessable
pstl-20231231_lab.xml Edgar Link unprocessable
pstl-20231231_pre.xml Edgar Link unprocessable
pstl-20231231_htm.xml Edgar Link completed
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending