PSTL

Postal Realty Trust, Inc. operates as an internally managed real estate investment trust specializing in properties leased to the United States Postal Service (USPS). Headquartered in Cedar Rapids, Iowa, the company owns and manages a portfolio of over 1,200 postal properties across 49 states, comprising approximately 4.5 million square feet of leasable space. PSTL focuses exclusively on acquiring and managing facilities operated by the USPS, including post office branches, distribution centers, and mail processing facilities. The company's business model centers on long-term triple-net leases with the federal government, providing stable, predictable cash flows backed by the creditworthiness of the United States. As the only publicly traded REIT dedicated entirely to USPS properties, Postal Realty Trust holds a unique position in the commercial real estate sector. The company pursues a disciplined acquisition strategy, targeting properties in both urban and rural markets where the USPS maintains essential operations. Since its initial public offering in 2019, PSTL has steadily expanded its portfolio through strategic acquisitions, growing from approximately 700 properties at inception to its current holdings. The company generates revenue primarily through rental income from its government tenant, with lease terms typically ranging from five to ten years and including renewal options that extend tenant relationships over multiple decades.