Postal Realty Trust (PSTL) completes $13.87M related-party 25-property portfolio deal

Rhea-AI Filing Summary

Postal Realty Trust, Inc. reported that it closed a previously announced related-party acquisition of a portfolio of 25 properties from certain family members of its CEO, Andrew Spodek. The deal was completed on December 9, 2025 under a Right of First Offer Agreement originally put in place at the time of the company’s initial public offering.

The Property Portfolio was acquired for approximately $13.87 million in cash, excluding closing costs. It consists of about 59,000 net leasable interior square feet with a weighted average rental rate of $17.58 per leasable square foot based on rents in place as of December 9, 2025. The transaction was reviewed and approved by a Special Committee of the board made up of four independent directors.

Insights

REIT and corporate governance analyst

Postal Realty Trust closes a $13.87M related-party property acquisition overseen by an independent board committee.

Postal Realty Trust completed the purchase of 25 properties from certain family members of CEO Andrew Spodek for approximately $13.87M in cash. The portfolio totals about 59,000 net leasable interior square feet with a weighted average in-place rent of $17.58 per square foot as of December 9, 2025, which adds a defined stream of rental income to the REIT’s asset base.

Because the seller group is related to the CEO, governance mechanics are important. The company states that the acquisition was executed under a pre-existing Right of First Offer Agreement connected to its IPO and was approved by a Special Committee of four independent directors. This structure is designed to address potential conflicts by shifting key decisions to independent board members.

The ultimate financial impact depends on operating performance of the 25 properties and how the new rental income compares to the $13.87M cash outlay over time. Future periodic reports that detail segment or portfolio performance as of subsequent quarter- and year-ends may provide more visibility into how this portfolio contributes to overall earnings and cash flow.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 9, 2025

POSTAL REALTY TRUST, INC.

(Exact name of registrant as specified in its charter)

Maryland

001-38903

83-2586114

(State or other jurisdiction of Incorporation or organization)

Commission File Number

(I.R.S. Employer Identification No.)

75 Columbia Avenue

Cedarhurst, NY 11516

(Address of principal executive offices and zip code)

(516) 295-7820

(Registrant’s telephone number)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-I2 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.I4d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.01 per share

PSTL

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events

On December 9, 2025, Postal Realty Trust, Inc. (the "Company") closed on its previously announced transaction related to the acquisition of a portfolio of 25 properties (the "Property Portfolio") from certain members of the family (the "Related Party") of Andrew Spodek, the Company’s chief executive officer. The transaction was effectuated pursuant to the Right of First Offer Agreement the Company entered into with the Related Party in connection with the Company's initial public offering and related formation transactions. The Portfolio Property was acquired for approximately $13.87 million in cash, excluding closing costs. The transaction was approved by a special committee (the "Special Committee") of the Company’s Board of Directors consisting of four independent directors.

As previously disclosed, the Property Portfolio comprises approximately 59,000 net leasable interior square feet at a weighted average rental rate of $17.58 per leasable square foot based on rents in place as of December 9, 2025.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 9, 2025

			POSTAL REALTY TRUST, INC.
			By:			/s/ Stephen Bakke
						Name: Stephen Bakke
						Title: Executive Vice President & Chief Financial Officer

FAQ

What transaction did Postal Realty Trust (PSTL) announce in this 8-K?

Postal Realty Trust reported that on December 9, 2025 it closed a previously announced acquisition of a 25-property portfolio from certain family members of its chief executive officer.

How much did Postal Realty Trust pay for the related-party property portfolio?

The company acquired the Property Portfolio for approximately $13.87 million in cash, excluding closing costs.

Who sold the 25-property portfolio to Postal Realty Trust (PSTL)?

The seller was a Related Party consisting of certain members of the family of Andrew Spodek, Postal Realty Trust’s chief executive officer.

How large is the acquired Property Portfolio for Postal Realty Trust?

The Property Portfolio comprises approximately 59,000 net leasable interior square feet with a weighted average rental rate of $17.58 per leasable square foot based on rents in place as of December 9, 2025.

How was the related-party acquisition approved at Postal Realty Trust?

The transaction was approved by a Special Committee of the board of directors, consisting of four independent directors.

What agreement governed Postal Realty Trust’s right to buy this related-party portfolio?

The acquisition was carried out under a Right of First Offer Agreement that Postal Realty Trust entered into with the Related Party in connection with its initial public offering and related formation transactions.