2024 Q2 Form 10-Q Financial Statement

#000162828024021182 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $18.05M $17.29M $17.00M
YoY Change 16.78% 14.12% 14.1%
Cost Of Revenue $4.503M $4.655M $4.318M
YoY Change 30.79% 29.05% 21.43%
Gross Profit $13.55M $12.63M $12.68M
YoY Change 12.76% 9.45% 11.8%
Gross Profit Margin 75.05% 73.07% 74.6%
Selling, General & Admin $3.920M $4.292M $3.533M
YoY Change 8.59% 3.2% 13.24%
% of Gross Profit 28.94% 33.98% 27.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.518M $3.476M $10.43M
YoY Change 15.42% 13.34% 4.52%
% of Gross Profit 40.73% 27.52% 82.27%
Operating Expenses $13.94M $14.25M $8.684M
YoY Change 17.8% 13.05% 10.19%
Operating Profit $4.109M $3.039M $3.999M
YoY Change 13.41% 19.41% 15.48%
Interest Expense $2.888M $2.637M -$2.724M
YoY Change 25.46% 28.95% 31.66%
% of Operating Profit 70.28% 86.77% -68.12%
Other Income/Expense, Net $15.00K $50.00K $194.0K
YoY Change -88.0% -56.14% -38.02%
Pretax Income $1.060M $272.0K $1.469M
YoY Change -17.32% -39.42% -13.94%
Income Tax $28.00K $16.00K $16.00K
% Of Pretax Income 2.64% 5.88% 1.09%
Net Earnings $817.0K $206.0K $829.0K
YoY Change -19.27% -40.8% -24.7%
Net Earnings / Revenue 4.53% 1.19% 4.88%
Basic Earnings Per Share $0.02 -$0.01
Diluted Earnings Per Share $0.02 -$0.01 $0.04
COMMON SHARES
Basic Shares Outstanding 22.66M shares 22.51M shares 21.71M shares
Diluted Shares Outstanding 22.34M shares 22.05M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.743M $1.898M $2.235M
YoY Change -20.45% -10.13% 49.5%
Cash & Equivalents $1.743M $1.898M $2.235M
Short-Term Investments
Other Short-Term Assets $13.17M $14.03M $12.40M
YoY Change -8.04% 20.87% -22.33%
Inventory
Prepaid Expenses
Receivables $4.043M $4.527M $4.750M
Other Receivables $1.754M $1.643M $1.542M
Total Short-Term Assets $20.71M $22.10M $20.93M
YoY Change -5.02% 23.73% -10.06%
LONG-TERM ASSETS
Property, Plant & Equipment $555.3M $529.6M $513.7M
YoY Change 17.58% 15.32% 15.77%
Goodwill $1.536M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $868.0K $791.0K $632.0K
YoY Change 15.58% 17.71% 15.54%
Total Long-Term Assets $587.5M $562.0M $546.4M
YoY Change 16.25% 13.99% 14.31%
TOTAL ASSETS
Total Short-Term Assets $20.71M $22.10M $20.93M
Total Long-Term Assets $587.5M $562.0M $546.4M
Total Assets $608.2M $584.1M $567.3M
YoY Change 15.37% 14.33% 13.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.749M $8.375M $11.00M
YoY Change 37.66% 29.56% 20.78%
Accrued Expenses $923.0K $997.0K $994.0K
YoY Change 0.98% 3.32%
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 $10.67M $9.372M $12.00M
YoY Change 33.47% 26.15% 31.69%
LONG-TERM LIABILITIES
Long-Term Debt $273.7M $247.6M $240.6M
YoY Change 21.26% 15.9% 22.35%
Other Long-Term Liabilities $14.26M $13.81M $13.10M
YoY Change 20.12% 14.8% 10.82%
Total Long-Term Liabilities $288.0M $261.4M $253.7M
YoY Change 21.2% 15.84% 21.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.67M $9.372M $12.00M
Total Long-Term Liabilities $288.0M $261.4M $253.7M
Total Liabilities $298.6M $270.8M $265.7M
YoY Change 21.6% 16.17% 22.12%
SHAREHOLDERS EQUITY
Retained Earnings -$58.53M -$53.86M -$48.55M
YoY Change 43.63% 45.58% 49.11%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $245.5M $248.1M $243.6M
YoY Change
Total Liabilities & Shareholders Equity $608.2M $584.1M $567.3M
YoY Change 15.37% 14.33% 13.17%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $817.0K $206.0K $829.0K
YoY Change -19.27% -40.8% -24.7%
Depreciation, Depletion And Amortization $5.518M $3.476M $10.43M
YoY Change 15.42% 13.34% 4.52%
Cash From Operating Activities $9.885M $6.401M $7.106M
YoY Change 43.43% -17.03% 18.02%
INVESTING ACTIVITIES
Capital Expenditures $29.78M $13.57M $16.09M
YoY Change 85.54% -23.71% -21.7%
Acquisitions
YoY Change
Other Investing Activities $17.00K $134.0K $326.0K
YoY Change -206.25% 1118.18% -17.26%
Cash From Investing Activities -$29.76M -$13.86M -$15.76M
YoY Change 85.25% -23.09% -21.78%
FINANCING ACTIVITIES
Cash Dividend Paid $6.859M
YoY Change 15.03%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 19.80M $7.278M 8.638M
YoY Change 112.16% -34.09% -23.33%
NET CHANGE
Cash From Operating Activities 9.885M $6.401M 7.106M
Cash From Investing Activities -29.76M -$13.86M -15.76M
Cash From Financing Activities 19.80M $7.278M 8.638M
Net Change In Cash -78.00K -$178.0K -20.00K
YoY Change -149.37% -123.99% -99.3%
FREE CASH FLOW
Cash From Operating Activities $9.885M $6.401M $7.106M
Capital Expenditures $29.78M $13.57M $16.09M
Free Cash Flow -$19.89M -$7.165M -$8.984M
YoY Change 117.23% -28.83% -38.16%

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CY2024Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
101000 usd
CY2023Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
85000 usd
CY2023Q1 us-gaap Straight Line Rent
StraightLineRent
-2000 usd
CY2024Q1 pstl Other Receivable
OtherReceivable
-4000 usd
CY2023Q1 pstl Other Receivable
OtherReceivable
12000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-247000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-850000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-696000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1713000 usd
CY2024Q1 pstl Other Receivable
OtherReceivable
-4000 usd
CY2023Q1 pstl Other Receivable
OtherReceivable
12000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-247000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1827000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-850000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-696000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1713000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1530000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6401000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7715000 usd
CY2024Q1 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
12967000 usd
CY2023Q1 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
17389000 usd
CY2024Q1 pstl Tenant Improvements1
TenantImprovements1
157000 usd
CY2023Q1 pstl Tenant Improvements1
TenantImprovements1
223000 usd
CY2024Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
599000 usd
CY2023Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
393000 usd
CY2024Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
134000 usd
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
11000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13857000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18016000 usd
CY2024Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
98000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
93000 usd
CY2024Q1 pstl Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
16000000 usd
CY2023Q1 pstl Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
17000000 usd
CY2024Q1 pstl Repayments Of Revolving Credit Facility
RepaymentsOfRevolvingCreditFacility
9000000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7821000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
718000 usd
CY2024Q1 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
0 usd
CY2023Q1 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
107000 usd
CY2024Q1 pstl Proceeds From Issuance Of Shares
ProceedsFromIssuanceOfShares
64000 usd
CY2023Q1 pstl Proceeds From Issuance Of Shares
ProceedsFromIssuanceOfShares
79000 usd
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
513000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
461000 usd
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
6859000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
5963000 usd
CY2024Q1 pstl Other Financing Activities
OtherFinancingActivities
137000 usd
CY2023Q1 pstl Other Financing Activities
OtherFinancingActivities
130000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7278000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11043000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-178000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
742000 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
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2689000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2784000 usd
CY2024Q1 pstl Reallocation Of Non Controlling Interest Non Cash
ReallocationOfNonControllingInterestNonCash
1079000 usd
CY2023Q1 pstl Reallocation Of Non Controlling Interest Non Cash
ReallocationOfNonControllingInterestNonCash
2338000 usd
CY2024Q1 pstl Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssued
5788000 usd
CY2023Q1 pstl Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssued
0 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2819000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2837000 usd
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
114000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
123000 usd
CY2024Q1 pstl Reclassification Of Acquisition Deposits
ReclassificationOfAcquisitionDeposits
147000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1530000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6401000 usd
CY2024Q1 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
12967000 usd
CY2023Q1 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
17389000 usd
CY2024Q1 pstl Tenant Improvements1
TenantImprovements1
157000 usd
CY2023Q1 pstl Tenant Improvements1
TenantImprovements1
223000 usd
CY2024Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
599000 usd
CY2023Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
393000 usd
CY2024Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
134000 usd
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
11000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13857000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18016000 usd
CY2024Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
98000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
93000 usd
CY2024Q1 pstl Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
16000000 usd
CY2023Q1 pstl Proceeds From Revolving Credit Facility
ProceedsFromRevolvingCreditFacility
17000000 usd
CY2024Q1 pstl Repayments Of Revolving Credit Facility
RepaymentsOfRevolvingCreditFacility
9000000 usd
CY2023Q1 pstl Repayments Of Revolving Credit Facility
RepaymentsOfRevolvingCreditFacility
0 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7821000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
718000 usd
CY2024Q1 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
0 usd
CY2023Q1 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
107000 usd
CY2024Q1 pstl Proceeds From Issuance Of Shares
ProceedsFromIssuanceOfShares
64000 usd
CY2023Q1 pstl Proceeds From Issuance Of Shares
ProceedsFromIssuanceOfShares
79000 usd
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
513000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
461000 usd
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
6859000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
5963000 usd
CY2024Q1 pstl Other Financing Activities
OtherFinancingActivities
137000 usd
CY2023Q1 pstl Other Financing Activities
OtherFinancingActivities
130000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7278000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11043000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-178000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
742000 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
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2689000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2784000 usd
CY2024Q1 pstl Reallocation Of Non Controlling Interest Non Cash
ReallocationOfNonControllingInterestNonCash
1079000 usd
CY2023Q1 pstl Reallocation Of Non Controlling Interest Non Cash
ReallocationOfNonControllingInterestNonCash
2338000 usd
CY2024Q1 pstl Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssued
5788000 usd
CY2023Q1 pstl Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Units Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationUnitsIssued
0 usd
CY2024Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2819000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2837000 usd
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
114000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
123000 usd
CY2024Q1 pstl Reclassification Of Acquisition Deposits
ReclassificationOfAcquisitionDeposits
147000 usd
CY2023Q1 pstl Reclassification Of Acquisition Deposits
ReclassificationOfAcquisitionDeposits
205000 usd
CY2024Q1 pstl Write Off Of Fixed Assets No Longer In Service
WriteOffOfFixedAssetsNoLongerInService
29000 usd
CY2023Q1 pstl Write Off Of Fixed Assets No Longer In Service
WriteOffOfFixedAssetsNoLongerInService
139000 usd
CY2024Q1 pstl Costs Of Capital Incurred But Not Yet Paid
CostsOfCapitalIncurredButNotYetPaid
85000 usd
CY2023Q1 pstl Costs Of Capital Incurred But Not Yet Paid
CostsOfCapitalIncurredButNotYetPaid
0 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
64000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q1 pstl Reclassification Of Acquisition Deposits
ReclassificationOfAcquisitionDeposits
205000 usd
CY2024Q1 pstl Write Off Of Fixed Assets No Longer In Service
WriteOffOfFixedAssetsNoLongerInService
29000 usd
CY2023Q1 pstl Write Off Of Fixed Assets No Longer In Service
WriteOffOfFixedAssetsNoLongerInService
139000 usd
CY2024Q1 pstl Costs Of Capital Incurred But Not Yet Paid
CostsOfCapitalIncurredButNotYetPaid
85000 usd
CY2023Q1 pstl Costs Of Capital Incurred But Not Yet Paid
CostsOfCapitalIncurredButNotYetPaid
0 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
64000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2024Q1 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 March 31, 2024, the Company held an approximately 79.2% interest in the Operating Partnership. As the sole general partner and the majority interest holder, the Company consolidates the financial position and results of operations of the Operating Partnership. The Operating Partnership is considered a variable interest entity (“VIE”) in which the Company is the primary beneficiary.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2024, the Company owned a portfolio of 1,537 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 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>
CY2024Q1 pstl Percentage Of Interest In Operating Partnership
PercentageOfInterestInOperatingPartnership
0.792
CY2024Q1 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/1759774/000162828024008057/pstl-20231231.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, 2023, 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>
CY2024Q1 pstl Espp Reserve
EsppReserve
67000 usd
CY2023Q4 pstl Espp Reserve
EsppReserve
87000 usd
CY2024Q1 pstl Escrow And Reserves
EscrowAndReserves
791000 usd
CY2023Q4 pstl Escrow And Reserves
EscrowAndReserves
632000 usd
CY2024Q1 pstl Cash And Escrows And Reserves
CashAndEscrowsAndReserves
2689000 usd
CY2023Q4 pstl Cash And Escrows And Reserves
CashAndEscrowsAndReserves
2867000 usd
CY2024Q1 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 March 31, 2024, the Company held an approximately 79.2% interest in the Operating Partnership. As the sole general partner and the majority interest holder, the Company consolidates the financial position and results of operations of the Operating Partnership. The Operating Partnership is considered a variable interest entity (“VIE”) in which the Company is the primary beneficiary.</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2024, the Company owned a portfolio of 1,537 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 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>
CY2024Q1 pstl Percentage Of Interest In Operating Partnership
PercentageOfInterestInOperatingPartnership
0.792
CY2024Q1 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/1759774/000162828024008057/pstl-20231231.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, 2023, 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>
CY2024Q1 us-gaap Cash
Cash
1898000 usd
CY2023Q4 us-gaap Cash
Cash
2235000 usd
CY2024Q1 us-gaap Restricted Cash
RestrictedCash
341000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
314000 usd
CY2024Q1 pstl Real Estate Tax Reserve
RealEstateTaxReserve
383000 usd
CY2023Q4 pstl Real Estate Tax Reserve
RealEstateTaxReserve
231000 usd
CY2024Q1 us-gaap Cash
Cash
1898000 usd
CY2023Q4 us-gaap Cash
Cash
2235000 usd
CY2024Q1 us-gaap Restricted Cash
RestrictedCash
341000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
314000 usd
CY2024Q1 pstl Real Estate Tax Reserve
RealEstateTaxReserve
383000 usd
CY2023Q4 pstl Real Estate Tax Reserve
RealEstateTaxReserve
231000 usd
CY2024Q1 pstl Espp Reserve
EsppReserve
67000 usd
CY2023Q4 pstl Espp Reserve
EsppReserve
87000 usd
CY2024Q1 pstl Escrow And Reserves
EscrowAndReserves
791000 usd
CY2023Q4 pstl Escrow And Reserves
EscrowAndReserves
632000 usd
CY2024Q1 pstl Cash And Escrows And Reserves
CashAndEscrowsAndReserves
2689000 usd
CY2023Q4 pstl Cash And Escrows And Reserves
CashAndEscrowsAndReserves
2867000 usd
CY2024Q1 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
27600000 usd
CY2023Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
28000000 usd
CY2024Q1 us-gaap Secured Debt Current
SecuredDebtCurrent
32900000 usd
CY2023Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
33000000 usd
CY2023Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q1 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
29 property
CY2024Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
10571000 usd
CY2024Q1 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
27600000 usd
CY2023Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
28000000 usd
CY2024Q1 us-gaap Secured Debt Current
SecuredDebtCurrent
32900000 usd
CY2023Q4 us-gaap Secured Debt Current
SecuredDebtCurrent
33000000 usd
CY2023Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q1 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 March 31, 2024, the Company’s properties were leased primarily to a single tenant, the USPS. For the three months ended March 31, 2024, approximately 12.4% of the Company’s total rental income, or $2.1 million, was concentrated in Pennsylvania. For the three months ended March 31, 2023, approximately 13.7% of the Company's total rental income, or $2.0 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>
CY2024Q1 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
29 property
CY2024Q1 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
18866000 usd
CY2024Q1 pstl Purchase Price Of Postal Portfolio Acquired Including Closing Costs
PurchasePriceOfPostalPortfolioAcquiredIncludingClosingCosts
300000 usd
CY2024Q1 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
29 property
CY2024Q1 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
18866000 usd
CY2024Q1 pstl Purchase Price Of Postal Portfolio Acquired Including Closing Costs
PurchasePriceOfPostalPortfolioAcquiredIncludingClosingCosts
300000 usd
CY2024Q1 pstl Number Of Properties Acquired
NumberOfPropertiesAcquired
29 property
CY2024Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
24382000 usd
CY2024Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
24382000 usd
CY2024Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
10571000 usd
CY2024Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13811000 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
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1800000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1800000 usd
CY2024Q1 pstl Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
50000.00 usd
CY2023Q1 pstl Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
40000.00 usd
CY2024Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
700000 usd
CY2023Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
600000 usd
CY2024Q1 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
2057000 usd
CY2024Q1 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
2140000 usd
CY2024Q1 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
1741000 usd
CY2024Q1 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
1374000 usd
CY2024Q1 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
1114000 usd
CY2024Q1 pstl Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
5385000 usd
CY2024Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13811000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
248890000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
241988000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1275000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1364000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
247615000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
240624000 usd
CY2024Q1 pstl Weighted Average Maturity Date For Secured Borrowing Term
WeightedAverageMaturityDateForSecuredBorrowingTerm
P3Y10M24D
CY2023 pstl Weighted Average Maturity Date For Secured Borrowing Term
WeightedAverageMaturityDateForSecuredBorrowingTerm
P4Y2M12D
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
118000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
16636000 usd
CY2024Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13811000 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
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1800000 usd
CY2024Q1 pstl Amortization Of Above Market Lease
AmortizationOfAboveMarketLease
50000.00 usd
CY2024Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
700000 usd
CY2023Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
600000 usd
CY2024Q1 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
2057000 usd
CY2024Q1 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
2140000 usd
CY2024Q1 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
1741000 usd
CY2024Q1 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
1374000 usd
CY2024Q1 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
1114000 usd
CY2024Q1 pstl Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
5385000 usd
CY2024Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13811000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
248890000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
241988000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1275000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1364000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
247615000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
240624000 usd
CY2024Q1 pstl Weighted Average Maturity Date For Secured Borrowing Term
WeightedAverageMaturityDateForSecuredBorrowingTerm
P3Y10M24D
CY2023 pstl Weighted Average Maturity Date For Secured Borrowing Term
WeightedAverageMaturityDateForSecuredBorrowingTerm
P4Y2M12D
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
13000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
13000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
118000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
16636000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
75774000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
125800000 usd
CY2024Q1 pstl Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
30549000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
248890000 usd
CY2024Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
4400000 usd
CY2024Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2800000 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2200000 usd
CY2024Q1 pstl Derivative Liability Potential Settlement Payment
DerivativeLiabilityPotentialSettlementPayment
200000 usd
CY2024Q1 pstl Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
2 lease
CY2024Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
14439000 usd
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
12550000 usd
CY2024Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2165000 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1949000 usd
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
16604000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
14499000 usd
CY2024Q1 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumber
75 property
CY2024Q1 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number Purchase Price Greater Than Value Of Underlying Asset
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumberPurchasePriceGreaterThanValueOfUnderlyingAsset
70 property
CY2024Q1 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Purchase Price Greater Than Value Of Underlying Assets Aggregate Purchase Price
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetPurchasePriceGreaterThanValueOfUnderlyingAssetsAggregatePurchasePrice
68000000 usd
CY2024Q1 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number Purchase Price Less Than Or Equal To Underlying Asset
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumberPurchasePriceLessThanOrEqualToUnderlyingAsset
5 property
CY2024Q1 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Assets Number Purchase Price Less Than Or Equal To Underlying Asset Consideration
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetsNumberPurchasePriceLessThanOrEqualToUnderlyingAssetConsideration
4300000 usd
CY2024Q1 pstl Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
2 property
CY2023Q4 pstl Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
2 property
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
1137000 usd
CY2024Q1 pstl Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
26392000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
31793000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P22Y
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
125800000 usd
CY2024Q1 pstl Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
30549000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
248890000 usd
CY2024Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
4400000 usd
CY2024Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2800000 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2200000 usd
CY2024Q1 pstl Derivative Liability Potential Settlement Payment
DerivativeLiabilityPotentialSettlementPayment
200000 usd
CY2024Q1 pstl Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
2 lease
CY2024Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
14439000 usd
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
12550000 usd
CY2024Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2165000 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1949000 usd
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
16604000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
14499000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
37058000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
44075000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
35346000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
20986000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
12230000 usd
CY2024Q1 pstl Lessor Operating Lease Payments To Be Received After Year Four
LessorOperatingLeasePaymentsToBeReceivedAfterYearFour
10868000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
160563000 usd
CY2024Q1 pstl Number Of Expired Leases
NumberOfExpiredLeases
98 property
CY2023Q3 pstl Number Of Properties Terminated
NumberOfPropertiesTerminated
1 property
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
37058000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
44075000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
35346000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
20986000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
12230000 usd
CY2024Q1 pstl Lessor Operating Lease Payments To Be Received After Year Four
LessorOperatingLeasePaymentsToBeReceivedAfterYearFour
10868000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
160563000 usd
CY2023Q3 pstl Number Of Properties Terminated
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CY2024Q1 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAssetNumber
75 property
CY2024Q1 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Number Purchase Price Greater Than Value Of Underlying Asset
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CY2024Q1 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Aggregate Carrying Value
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52400000 usd
CY2024Q1 pstl Lessor Operating Lease Lessee Option To Purchase Underlying Asset Purchase Price Greater Than Value Of Underlying Assets Aggregate Purchase Price
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68000000 usd
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4300000 usd
CY2024Q1 pstl Lessor Direct Financing Lease Number
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2 property
CY2023Q4 pstl Lessor Direct Financing Lease Number
LessorDirectFinancingLeaseNumber
2 property
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32078000 usd
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15775000 usd
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CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable
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16042000 usd
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CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
1137000 usd
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1137000 usd
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1137000 usd
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16036000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
16018000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
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16042000 usd
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SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
853000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
1137000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
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1137000 usd
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1137000 usd
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1137000 usd
CY2024Q1 pstl Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
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26392000 usd
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
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31793000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P22Y
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
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997000 usd
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CY2023Q1 us-gaap Operating Lease Expense
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CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
97000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
95000 usd
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57000 usd
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50000 usd
CY2024Q1 pstl Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1668000 usd
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2051000 usd
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970000 usd
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LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q1 pstl Lessee Operating Lease Liability To Be Paid After Year Four
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LesseeOperatingLeaseLiabilityPaymentsDue
2051000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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1054000 usd
CY2024Q1 us-gaap Operating Lease Liability
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997000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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20000.00 usd
CY2023Q1 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
CY2024Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
50000.00 usd
CY2023Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
50000.00 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1054000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
997000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20000.00 usd
CY2023Q1 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
CY2024Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
50000.00 usd
CY2023Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
50000.00 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
348000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
375000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
375000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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306000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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306000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-169000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-169000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
42000 usd
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42000 usd
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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22045310 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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22045310 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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19294896 shares
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19294896 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
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-0.01
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CY2023Q1 us-gaap Earnings Per Share Basic
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0.00
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
206000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
348000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
375000 usd
CY2024Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
375000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
306000 usd
CY2023Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
306000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-169000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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42000 usd
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42000 usd
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22045310 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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22045310 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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19294896 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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19294896 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
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-0.01
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0.00
CY2023Q1 us-gaap Earnings Per Share Diluted
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0.00
CY2024Q1 pstl Outstanding Partnership Percentage
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0.208
CY2023Q4 pstl Outstanding Partnership Percentage
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0.193
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1047055 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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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
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2024Q1 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
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14.35
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
66194 shares
CY2024Q1 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
14.76
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
28740 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
12.67
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2125341 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
15.80
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
46714 shares
CY2024Q1 pstl Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
1800000 usd
CY2023Q1 pstl Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
1600000 usd
CY2024Q1 pstl Employee Benefits And Share Based Compensation Portion Included In Property Operating Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInPropertyOperatingExpenses
300000 usd
CY2023Q1 pstl Employee Benefits And Share Based Compensation Portion Included In Property Operating Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInPropertyOperatingExpenses
300000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
20500000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P5Y2M12D
CY2024Q1 pstl Outstanding Partnership Percentage
OutstandingPartnershipPercentage
0.208
CY2023Q4 pstl Outstanding Partnership Percentage
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0.193
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
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
525515 shares
CY2024Q1 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
14.35
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
66194 shares
CY2024Q1 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
14.76
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
28740 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
12.67
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2125341 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
15.80
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
46714 shares
CY2024Q1 pstl Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
1800000 usd
CY2023Q1 pstl Employee Benefits And Share Based Compensation Portion Included In General And Administrative Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInGeneralAndAdministrativeExpenses
1600000 usd
CY2024Q1 pstl Employee Benefits And Share Based Compensation Portion Included In Property Operating Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInPropertyOperatingExpenses
300000 usd
CY2023Q1 pstl Employee Benefits And Share Based Compensation Portion Included In Property Operating Expenses
EmployeeBenefitsAndShareBasedCompensationPortionIncludedInPropertyOperatingExpenses
300000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
20500000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P5Y2M12D
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
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false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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