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Postal Realty Trust, Inc. Appoints Steve Bakke as Chief Financial Officer

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Postal Realty Trust (NYSE: PSTL), a REIT managing over 2,200 properties leased primarily to the United States Postal Service, has appointed Steve Bakke as Executive Vice President and Chief Financial Officer, effective November 5, 2025.

Bakke joins from Realty Income Corp (NYSE: O), where he served as Senior Vice President of Corporate Finance, overseeing Capital Markets, Financial Planning & Analysis, and Investor Relations. His prior experience includes senior roles at Site Centers Corp, Third Avenue Management, and Surveyor Capital. He holds a BS from Cornell University and is a CFA Charterholder.

The appointment follows a comprehensive search, with Jeremy Garber, who served as Interim CFO, continuing his role as President of the company.

Postal Realty Trust (NYSE: PSTL), un REIT che gestisce oltre 2.200 proprietà affittate principalmente al United States Postal Service, ha nominato Steve Bakke come Vicepresidente Esecutivo e Direttore Finanziario, con effetto dal 5 novembre 2025.

Bakke arriva da Realty Income Corp (NYSE: O), dove ha ricoperto il ruolo di Senior Vice President di Corporate Finance, sovrintendendo Capital Markets, Financial Planning & Analysis e Investor Relations. La sua esperienza include ruoli apicali in Site Centers Corp, Third Avenue Management e Surveyor Capital. Ha conseguito una laurea in Scienze (BS) presso la Cornell University ed è titolare della CFA Charter.

La nomina è frutto di una ricerca approfondita, con Jeremy Garber, che ha prestato servizio come CFO ad interim, che continuerà a ricoprire il ruolo di Presidente della società.

Postal Realty Trust (NYSE: PSTL), un REIT que gestiona más de 2.200 propiedades arrendadas principalmente al United States Postal Service, ha designado a Steve Bakke como Vicepresidente Ejecutivo y Director Financiero, con efecto a partir del 5 de noviembre de 2025.

Bakke proviene de Realty Income Corp (NYSE: O), donde se desempeñó como Senior Vice President de Corporate Finance, supervisando Capital Markets, Financial Planning & Analysis e Investor Relations. Su experiencia anterior incluye cargos de alto nivel en Site Centers Corp, Third Avenue Management y Surveyor Capital. Tiene una licenciatura en Ciencias (BS) de la Universidad de Cornell y es titular de la CFA Charter.

El nombramiento se produce tras una búsqueda exhaustiva, con Jeremy Garber, quien se desempeñó como CFO interino, manteniendo su cargo de Presidente de la empresa.

Postal Realty Trust (NYSE: PSTL), 미국 우편서비스(USPS)에 주로 임대된 2,200여 개의 자산을 관리하는 REIT가 Steve Bakke를 경영부사장 겸 최고재무책임자(CFO)로 임명했습니다. 임효일은 2025년 11월 5일부터 효력을 발생합니다.

Bakke는 Realty Income Corp (NYSE: O)에서 기업재무 부문 수석 부사장으로 근무하며 자본시장, 재무계획 및 분석, 투자자 관계를 감독했습니다. 이전 경력으로 Site Centers Corp, Third Avenue Management, Surveyor Capital에서의 고위직이 포함됩니다. 그는 코런대학에서 BS를 취득했고 CFA 자격을 보유하고 있습니다.

이 임명은 포괄적인 검색을 거친 뒤 이루어졌으며, 인터림 CFO로 재직하던 Jeremy Garber는 회사의 회장직은 계속 수행합니다.

Postal Realty Trust (NYSE: PSTL), un REIT gérant plus de 2.200 propriétés principalement louées au United States Postal Service, a nommé Steve Bakke comme Vice-président Exécutif et Directeur Financier, à compter du 5 novembre 2025.

Bakke rejoint Realty Income Corp (NYSE: O), où il occupait le poste de Senior Vice President de Corporate Finance, supervisant les marchés de capitaux, la planification et l’analyse financière et les relations investisseurs. Son expérience antérieure comprend des postes de direction chez Site Centers Corp, Third Avenue Management et Surveyor Capital. Il est titulaire d’un BS de l’Université Cornell et est Chartered Financial Analyst (CFA).

Cette nomination résulte d’un processus de recherche approfondi, Jeremy Garber, qui a assuré le poste de CFO par intérim, poursuivant son rôle de Président de l’entreprise.

Postal Realty Trust (NYSE: PSTL), ein REIT, der über 2.200 Immobilien verwaltet, die überwiegend an den United States Postal Service vermietet sind, hat Steve Bakke zum Executive Vice President und Chief Financial Officer ernannt, wirksam ab dem 5. November 2025.

Bakke kommt von Realty Income Corp (NYSE: O), wo er als Senior Vice President of Corporate Finance tätig war und Kapitalmärkte, Finanzplanung & Analyse sowie Investor Relations betreute. Zuvor hatte er Führungspositionen bei Site Centers Corp, Third Avenue Management und Surveyor Capital inne. Er hält einen BS-Abschluss der Cornell University und ist CFA Charterholder.

Die Ernennung folgt einer umfassenden Suche, wobei Jeremy Garber, der als Interim-CFO fungierte, seine Rolle als Präsident des Unternehmens fortsetzt.

Postal Realty Trust (NYSE: PSTL)، وصيـف كيان عقاري مُدير لأكثر من 2,200 عقار يتم تأجيرها في الغالب لخدمة البريد الأمريكية، قد عيّن Steve Bakke كنائب رئيس تنفيذي ورئيس الشؤون المالية، اعتباراً من 5 نوفمبر 2025.

ينتقل Bakke من Realty Income Corp (NYSE: O)، حيث شغل منصب نائب رئيس أول للتمويل المؤسسي، مشرفاً على الأسواق الرأسمالية والتخطيط والتحليل المالي والعلاقات مع المستثمرين. تشمل خبرته السابقة أدوار عليا في Site Centers Corp و Third Avenue Management و Surveyor Capital. يحمل بكالوريوس في العلوم من جامعة كورنل ويحمل شهادة CFA.

يأتي التعيين بعد بحث شامل، مع Jeremy Garber، الذي شغل منصب CFO بالإنابة، وسيواصل عمله كرئيس للشركة.

Postal Realty Trust (NYSE: PSTL),一家管理超过2,200处物业的REIT,主要向美国邮政署(USPS)租赁,已任命Steve Bakke为执行副总裁兼首席财务官(CFO),自2025年11月5日起生效。

Bakke来自Realty Income Corp (NYSE: O),在那里他担任企业金融高级副总裁,负责资本市场、财务规划与分析以及投资者关系。其前任经历包括在Site Centers Corp、Third Avenue Management和Surveyor Capital担任高级职位。他拥有康奈尔大学的学士学位(BS),并持有CFA特许资格。

此次任命是在一次全面的搜索后作出的,担任过CFO临时一职的Jeremy Garber将继续担任公司总裁一职。

Positive
  • Appointment of experienced CFO with strong REIT industry background
  • New CFO brings extensive capital markets and investor relations expertise
  • Company maintains stable portfolio of 2,200+ USPS-leased properties
Negative
  • Transition period required for new CFO integration
  • Potential execution risks in implementing new financial strategies

CEDARHURST, N.Y., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 2,200 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, today announced the appointment of Steve Bakke as Executive Vice President, Chief Financial Officer and the Company’s Principal Financial Officer effective on or about November 5, 2025. He will be based at the Company’s headquarters in Cedarhurst, NY.

“We are pleased to welcome Steve to Postal Realty,” stated Andrew Spodek, Chief Executive Officer. “Steve's track record of success in Capital Markets, Financial and Corporate Strategy, and Investor Relations will complement us well. Additionally, his extensive experience on both the REIT buy side and sell side will bring a valuable perspective to the Company as we continue to expand our portfolio. I would like to thank our President Jeremy Garber for stepping in as Interim Chief Financial Officer. His service to the Company and shareholders has, and continues to be, greatly valued.”

Mr. Bakke added, “I’m grateful to the management team and Board of Directors for the exciting opportunity to join the team at Postal Realty as Chief Financial Officer. The Company has a truly unique and compelling business model with proven internal and external growth. I look forward to working with the team to execute its disciplined financial strategy, cultivate access to capital, and broaden its relationships with key REIT industry stakeholders.” 

Mr. Bakke joins Postal Realty Trust from Realty Income Corp. (NYSE: O), where he most recently served as Senior Vice President, Corporate Finance. In his role, he oversaw Capital Markets, Financial Planning & Analysis, and Investor Relations. Prior to Realty Income, he served as Senior Vice President of Capital Markets at Site Centers Corp. (NYSE: SITC) in New York. Mr. Bakke worked on the buy side at Third Avenue Management and Surveyor Capital after beginning his career as a Research Analyst with Green Street. He holds a Bachelor of Science in Operations Research and Information Engineering from Cornell University and is a CFA Charterholder.

Mr. Bakke was selected following a comprehensive search led by Marcus & Associates.

Forward-Looking and Cautionary Statements

This press release contains “forward-looking statements.” Forward-looking statements include statements identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements, including, among others, statements regarding the Company’s anticipated growth and ability to obtain financing and close on pending transactions on the terms or timing it expects, if at all, are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the USPS’s terminations or non-renewals of leases, changes in demand for postal services delivered by the USPS, the solvency and financial health of the USPS, competitive, financial market and regulatory conditions, disruption in market, general real estate market conditions, the Company’s competitive environment and other factors set forth under “Risk Factors” in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,200 properties leased primarily to the USPS. More information is available at postalrealtytrust.com.

Contact:

Investor Relations and Media Relations
Email: Investorrelations@postalrealtytrust.com
Phone: 516-232-8900


FAQ

Who is the new CFO of Postal Realty Trust (NYSE: PSTL)?

Steve Bakke has been appointed as Executive Vice President and Chief Financial Officer, effective November 5, 2025.

What is Steve Bakke's previous experience before joining Postal Realty Trust?

Bakke previously served as Senior Vice President of Corporate Finance at Realty Income Corp (NYSE: O), and held senior positions at Site Centers Corp, Third Avenue Management, and Surveyor Capital.

How many properties does Postal Realty Trust (PSTL) manage?

Postal Realty Trust manages over 2,200 properties that are primarily leased to the United States Postal Service.

When will Steve Bakke start as CFO of Postal Realty Trust?

Bakke will begin his role as CFO on or about November 5, 2025, based at the company's headquarters in Cedarhurst, NY.

Who served as interim CFO before Steve Bakke's appointment at PSTL?

Jeremy Garber, the company's President, served as Interim Chief Financial Officer before Bakke's appointment.
Postal Realty Trust

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390.03M
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70.42%
0.86%
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CEDARHURST