Postal Realty Trust (NYSE: PSTL) adds 12 USPS-leased sites in $11.53M related-party deal

Rhea-AI Filing Summary

Postal Realty Trust, Inc. acquired a related-party portfolio of 12 properties leased to the United States Postal Service for approximately $11.53 million in cash, excluding closing costs. These properties were owned by family members of CEO and director Andrew Spodek under an existing Right of First Offer arrangement.

A special committee of four independent, disinterested directors reviewed the terms, aligned them with the company’s strategic objectives, and approved the deal, while Mr. Spodek recused himself. The portfolio totals about 58,564 net leasable interior square feet with a weighted average rental rate of $15.58 per leasable square foot based on rents in place as of March 16, 2026.

Insights

REIT and real estate transactions analyst

Postal Realty adds USPS-leased assets via related-party deal vetted by independents.

Postal Realty Trust is expanding its portfolio by purchasing 12 USPS-leased properties for $11.53 million in cash. The assets add about 58,564 net leasable square feet at a weighted average in-place rent of $15.58 per square foot, reinforcing its postal-focused strategy.

The seller group consists of family members of CEO Andrew Spodek, making this a related-party transaction. Governance is addressed through a special committee of four independent, disinterested directors, which reviewed the terms against the company’s strategic objectives and approved the acquisition; Mr. Spodek did not participate.

The impact for investors hinges on how the purchase price compares to rental income and long-term USPS tenancy, which are not fully detailed here. Future periodic reports covering periods after March 16, 2026 may provide more visibility into contribution to revenue, cash flow, and any changes in leverage.

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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): March 16, 2026

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

As previously disclosed, in connection with Postal Realty Trust, Inc.’s (the “Company”) initial public offering and related formation transactions, the Company entered into a Right of First Offer Agreement (the “ROFO Agreement”) with certain members of the family of Andrew Spodek (collectively, the “Related Parties”), the Company’s Chief Executive Officer and Director. Pursuant to the ROFO Agreement, the Company has a right of first offer to acquire certain properties currently managed by the Company and owned by the Related Parties.

Effective March 16, 2026, the Company acquired from the Related Parties a portfolio of 12 properties (the “Portfolio”) currently leased to the United States Postal Service (the “USPS”) for approximately $11.53 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 solely of its four independent and disinterested directors. Based on, among other things, its review of the terms of the transaction and the Company’s strategic objectives, the Special Committee determined that the acquisition of the Portfolio on the proposed terms was in the best interests of the Company and its shareholders. Mr. Spodek did not participate in the deliberations regarding, or approval of, the Portfolio acquisition.

The Portfolio comprises approximately 58,564 net leasable interior square feet with a weighted average rental rate of $15.58 per leasable square foot based on rents in place as of March 16, 2026.

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: March 17, 2026

			POSTAL REALTY TRUST, INC.
			By:			/s/ Jeremy Garber
						Name: Jeremy Garber
						Title: President

FAQ

What transaction did Postal Realty Trust (PSTL) announce on March 16, 2026?

Postal Realty Trust acquired a portfolio of 12 properties leased to the United States Postal Service for approximately $11.53 million in cash, excluding closing costs. The assets were previously owned by family members of CEO Andrew Spodek under a Right of First Offer arrangement.

Who were the sellers in Postal Realty Trust’s latest USPS property acquisition?

The properties were acquired from certain members of CEO Andrew Spodek’s family, described as related parties. These owners had granted Postal Realty Trust a Right of First Offer on the properties, which are managed by the company and leased to the United States Postal Service.

How large is the property portfolio Postal Realty Trust (PSTL) just bought?

The acquired portfolio comprises approximately 58,564 net leasable interior square feet. The assets are all leased to the United States Postal Service and carry a weighted average rental rate of $15.58 per leasable square foot based on rents in place as of March 16, 2026.

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

Approval was granted by a special committee of four independent and disinterested directors on the board. The committee reviewed the transaction terms and strategic fit, concluded it was in shareholders’ best interests, and CEO Andrew Spodek did not take part in deliberations or approval.

What is the Right of First Offer Agreement mentioned by Postal Realty Trust?

The Right of First Offer Agreement gives Postal Realty Trust a priority opportunity to buy certain properties owned by related parties that it already manages. Under this agreement, the company exercised its right to acquire 12 USPS-leased properties from family members of CEO Andrew Spodek.

What rental rates apply to the newly acquired Postal Realty Trust properties?

The 12 acquired USPS-leased properties have a weighted average rental rate of $15.58 per leasable square foot. This figure is based on rents in place as of March 16, 2026 and reflects the income characteristics of the newly added portfolio at that date.

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