Welcome to our dedicated page for Postal Realty Trust SEC filings (Ticker: PSTL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Postal Realty Trust, Inc. filings document an internally managed REIT focused on USPS-leased real estate and the operating partnership through which its business is conducted. Recent 8-K reports furnish quarterly and annual results, portfolio acquisition updates, re-leasing activity, capital markets activity, balance sheet information, AFFO and FFO measures, and guidance related to acquisitions and same-store revenue.
Regulatory documents also cover governance matters, including the definitive proxy statement for annual meeting votes and material-event reports involving ROFO transactions with related parties, special committee approvals, unsecured credit facilities, ATM equity programs and credit-rating developments. The filings frame recurring disclosures around tenant concentration, lease economics, acquisition funding and REIT capital structure.
Postal Realty Trust CEO Andrew Spodek reported equity compensation activity and share holdings. On January 29, 2026, 24,736 performance-based RSUs granted in 2023 vested and converted one-for-one into Class A common stock, with 9,485 shares withheld at $17.67 to cover taxes. Following these transactions, he holds 29,346 Class A shares directly, plus 277,518 shares through the Spodek 2016 Family Trust and 637,058 shares through PSTL Nextgen LLC.
On February 1, 2026, Spodek received 169,431 LTIP Units granted in lieu of cash compensation at a reference price of $17.7136, additional 15,446 LTIP Units that vest over three years, and 18,878 performance-based 2026 RSUs that can pay out between 0% and 200% based on market and performance hurdles through December 31, 2028.
Postal Realty Trust EVP & Chief Accounting Officer Matt Brandwein reported multiple equity compensation events. On January 29, 2026, 5,900 performance-based restricted stock units vested after goals for the 2023–2025 measurement period were certified, and shares were issued on a one-for-one basis into Class A common stock with some shares withheld for taxes.
On February 1, 2026, he received additional Class A common stock granted in lieu of cash compensation, based on a volume-weighted average price of $17.7136, plus longer-vesting restricted shares. He was also granted LTIP units and new performance-based 2026 RSUs and LTIP awards that vest over time or upon meeting performance hurdles through December 31, 2028.
Postal Realty Trust EVP & CFO Stephen Michael Bakke reported new equity awards. On February 1, 2026, he received 10,246 Restricted Stock Units and 8,383 LTIP Units at a price of $0 per unit, reflecting stock-based compensation rather than a market purchase.
The 2026 RSUs are market-based and may ultimately pay out between 0% and 200% of the 10,246 units, depending on performance hurdles during a three-year period ending on December 31, 2028 and continued employment. Upon vesting, earned RSUs will settle in Class A common stock with associated distributions. The LTIP Units, which will vest in three equal annual installments starting February 1, 2027, are convertible into OP Units and then redeemable for cash or, at the company’s election, Class A common stock on a one-for-one basis.
Postal Realty Trust, Inc. reported that it issued a press release on January 8, 2026 providing an update on its recent business activity for the quarter ended December 31, 2025. The update covers the company’s acquisitions, re-leasing efforts and capital markets activity during the quarter.
The press release also discusses the company’s real estate portfolio and balance sheet at year-end, including information about fully diluted shares outstanding. In addition, it describes acquisitions completed for the full year of 2025, giving investors a clearer picture of how Postal Realty Trust expanded its portfolio over the year.
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.
Postal Realty Trust, Inc. raised its full-year 2025 acquisition volume guidance from “meets or exceeds $110” to “meets or exceeds $120 million,” while reaffirming all other guidance. The company also entered a definitive agreement to purchase a portfolio of 25 properties currently leased to the United States Postal Service for approximately $13.87 million in cash, excluding closing costs.
The portfolio totals about 59,000 net leasable interior square feet at a weighted average rental rate of $17.58 per square foot based on rents in place as of December 9, 2025. The transaction arises under a right of first offer agreement with a related party of the CEO and was approved by a special committee of four independent directors, with closing expected in the fourth quarter of 2025.
Postal Realty Trust, Inc. reported an insider equity transaction by a director involving long-term incentive and partnership units. On 12/01/2025, the reporting person converted 12,000 LTIP Units in Postal Realty LP into an equal number of OP Units, and those OP Units were then redeemed for 12,000 shares of the company’s Class A common stock on a one-for-one basis, as provided in the partnership agreement.
After this transaction, the reporting person beneficially owned 55,666 shares of Class A common stock directly and 73,263 LTIP Units, which are convertible into OP Units and ultimately redeemable for Class A shares or cash on a one-for-one basis. The OP Units themselves have no expiration date, and LTIP Units do not have expiration dates.
Postal Realty Trust (PSTL) filed a Form 4 for its EVP & CFO reporting equity awards dated 11/05/2025. The filing lists two grants totaling 67,138 LTIP Units. One grant of 33,569 LTIP Units was issued in lieu of cash compensation, with the price based on the 10‑day VWAP of Class A common stock at $14.8945, and vests on December 31, 2026, subject to conditions. A separate grant of 33,569 LTIP Units has a stated price of $0 and vests on October 27, 2033, subject to conditions. LTIP Units are convertible into OP Units, which are redeemable for cash or, at the issuer’s election, Class A common stock on a one‑for‑one basis; LTIP Units have no expiration date.
Postal Realty Trust (PSTL) reported Q3 2025 results showing higher rental-driven revenue and stronger profitability as the portfolio expanded. Total revenues were $24.3 million versus $19.7 million a year ago, and net income attributable to common stockholders was $3.8 million versus $1.1 million. Basic and diluted EPS were $0.13 versus $0.03.
The company added scale, owning 1,853 properties leased primarily to the USPS, and acquired 151 properties year-to-date for $96.6 million. Operating cash flow for the first nine months was $33.2 million, supporting growth and dividends, while investing cash outflows of $93.8 million reflected acquisitions. Financing inflows of $60.4 million included $34.8 million of equity and expanded borrowings.
On September 19, 2025, PSTL amended and restated its credit facilities, establishing a $150.0 million revolver (maturing November 2029) and a $290.0 million term loan structure, including a $115.0 million 2030 term loan (with $40.0 million new advances). Interest rate swaps totaling $290.0 million hedge term debt. As of November 4, 2025, Class A shares outstanding were 26,062,636.
Postal Realty Trust, Inc. furnished an 8‑K announcing it issued a press release with financial results for the quarter ended September 30, 2025. The release is attached as Exhibit 99.1 and provided under Item 2.02 – Results of Operations and Financial Condition.
The company states this information is furnished and not deemed “filed” under Section 18 of the Exchange Act, except as specifically incorporated by reference.