REITResearch

Postal Realty Trust, Inc. PSTL

Listed / Traded Office NYSE Mgmt:

As a self-managed real estate investment trust, Postal Realty Trust, Inc. possesses and oversees a portfolio of over 1,000 properties, all of which are leased to the United States Postal Service. The company considers itself a prominent owner and manager of real estate assets utilized by the USPS.

Snapshot

Price
$22.54
Market cap
$791.34M
Enterprise value
$1.20B
Dividend yieldi
4.35%
Annual dividendi
$0.98
Frequency
Quarterly
FFO / sharei
$0.32 · Q1 2026
AFFO / sharei
$0.33 · Q1 2026
Net debt / EBITDAi
6.59x · GAAP est.
Op. cash flow / sharei
$1.83
Price / OCFi
12.33
Payout (% of OCF)i
53.62%
Debt / book capitali
58.33%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-05) — 8-K, EX-99.1.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

Dividends

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-05-152026-05-152026-05-29 2026-05-05$0.24Quarterly
2026-02-132026-02-132026-02-27 2026-01-29$0.24Quarterly
2025-11-042025-11-042025-11-28 2025-10-22$0.24Quarterly
2025-07-312025-07-312025-08-29 2025-07-21$0.24Quarterly
2025-05-012025-05-012025-05-30 2025-04-21$0.24Quarterly
2025-02-142025-02-142025-02-28 2025-01-30$0.24Quarterly
2024-11-042024-11-042024-11-29 2024-10-22$0.24Quarterly
2024-08-022024-08-022024-08-30 2024-07-23$0.24Quarterly
2024-05-072024-05-082024-05-31 2024-04-30$0.24Quarterly
2024-02-152024-02-162024-02-29 2024-02-02$0.24Quarterly
2023-10-312023-11-012023-11-30 2023-10-23$0.24Quarterly
2023-08-042023-08-072023-08-31 2023-07-26$0.24Quarterly
2023-05-042023-05-052023-05-31 2023-04-24$0.24Quarterly
2023-02-142023-02-152023-02-28 2023-02-01$0.24Quarterly
2022-11-042022-11-072022-11-28 2022-10-26$0.23Quarterly
2022-08-052022-08-082022-08-26 2022-07-27$0.23Quarterly
2022-05-122022-05-132022-05-27 2022-04-28$0.23Quarterly
2022-02-142022-02-152022-02-28 2022-02-01$0.23Quarterly
2021-11-122021-11-152021-11-30 2021-11-04$0.23Quarterly
2021-08-122021-08-132021-08-27 2021-07-27$0.22Quarterly
2021-05-132021-05-142021-05-28 2021-04-30$0.22Quarterly
2021-02-112021-02-122021-02-26 2021-01-29$0.22Quarterly
2020-11-132020-11-162020-11-30 2020-10-30$0.21Quarterly
2020-08-132020-08-142020-08-31 2020-07-30$0.20Quarterly

Coverage (payout of operating cash flow): 53.62%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Balance sheet (latest FY: 2025)

Total debt
$404.79M
Cash
$1.45M
Net debt / EBITDAi
6.59x
Debt / book capitali
58.33%
Total assets
$759.06M
Total equity
$285.20M

Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $95.82M $14.15M $23.99M $57.35M $44.51M
2024 $76.37M $6.60M $22.20M $42.68M $33.50M
2023 $63.71M $3.71M $19.69M $33.68M $28.43M
2022 $53.33M $3.85M $17.73M $27.86M $24.59M
2021 $39.94M $2.06M $13.99M $19.40M $17.09M
2020 $24.44M $-352.00K $7.89M $9.92M $9.40M

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.