Postal Realty Trust
Postal Realty Trust, Inc. (NYSE: PSTL) is the first and only publicly traded REIT focused on acquiring USPS-leased postal properties directly from owners, operating 1,978 properties across 49 states with the USPS as its sole tenant.
- Company typePublic
- Founded2018
- HeadquartersCedarhurst, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Postal Realty Trust does
Postal Realty Trust, Inc. (NYSE: PSTL) is a publicly traded real estate investment trust (REIT) — the first and only one focused exclusively on properties leased to the United States Postal Service (USPS). Headquartered in Cedarhurst, New York, the company acquires postal real estate directly from property owners through all-cash transactions, offering complimentary property valuations within 48 hours, fast diligence and closing cycles, and — for qualified sellers — operating partnership (OP) unit exchanges that can defer capital gains. As of March 31, 2026, the company owns 1,978 properties across 49 states with a weighted average lease retention rate of 99%, weighted average rent of $12.05 per square foot, and a weighted average remaining lease term of approximately five years.
The company generates recurring rental income from a portfolio of postal properties under net or gross leases with the USPS as the sole tenant; revenues are recognized as subscription-style contractual rent. As a REIT, it is required to distribute at least 90% of taxable income as dividends to shareholders. The company also maintains a small corporate staff of about 44 employees and supports acquisitions through direct outreach, a corporate website, industry events (AUSPL, Nareit REITweek), and content marketing. There are no technology products, software platforms, or AI/ML capabilities disclosed; the offering is fundamentally real estate ownership and lease administration.
Long-dated USPS lease contracts and a government-backed tenant provide the basis for stable, predictable cash flows, while the highly fragmented $15B addressable postal property market supports a programmatic acquisition strategy. Capital structure is anchored by a publicly traded equity and a recast credit facility (July 2026) supporting the buy-and-hold, consolidation-oriented operating model.
Postal Realty Trust firmographics
Firmographics- Name
- Postal Realty Trust
- Legal name
- Postal Realty Trust, Inc.
- Website
- https://postalrealty.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Postal Realty Trust, Inc. (NYSE: PSTL) is the first and only publicly traded REIT focused on acquiring USPS-leased postal properties directly from owners, operating 1,978 properties across 49 states with the USPS as its sole tenant.
- Ownership category
- akta.pro rank
Postal Realty Trust industry classification
Industry- Product category
- Net Lease REIT (USPS-Leased Postal Properties)
- NAICS
- Lessors of Real Estate (5311)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
Keywords
Where Postal Realty Trust is headquartered
LocationHeadquarters
- HQ city
- Cedarhurst
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Postal Realty Trust business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Others
Revenue model
- Rental Income from USPS Properties: Postal Realty Trust generates revenue primarily through rental income from properties leased to the United States Postal Service. As a REIT, they are required to distribute at least 90% of their taxable income to shareholders as dividends. The company owns 1,978 properties across 49 states leased to USPS with a weighted average lease retention rate of 99% and weighted average rent of $12.05 per sq. ft.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Postal Realty Trust product offering
Product offeringCore offering
Postal Realty Trust is a publicly traded REIT that acquires and manages real estate properties leased to the United States Postal Service. The company purchases individual postal properties and multi-owner portfolios through all-cash transactions, offers complimentary 48-hour property valuations, executes fast diligence and closings, and structures operating partnership (OP) unit exchanges that allow qualified sellers to defer capital gains taxes. As of March 31, 2026, the owned portfolio includes 1,978 properties across 49 states with a weighted average rent of $12.05 per square foot and 99% weighted average lease retention.
Product overview
Postal Realty Trust is a Real Estate Investment Trust (REIT) focused on acquiring and managing postal properties leased to the United States Postal Service (USPS). The company does not offer software products or technology platforms. Its core business model involves purchasing postal real estate from property owners for all-cash transactions, offering complimentary property valuations, facilitating fast closings, and partnering with qualified sellers through operating partnership units that may defer capital gains taxes. As of March 2026, the portfolio comprises 1,978 properties across 49 states with a weighted average lease retention rate of 99% and weighted average rent of $12.05 per square foot.
Differentiator
Problem solved
Functional benefit
Products and services
- USPS-Leased Postal Property Leasing
Quantifiable outcome
- 99% weighted average lease retention rate demonstrates strong tenant retention and stable cash flows
Companies that use Postal Realty Trust
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Postal Realty Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Postal Realty Trust partnerships and signals
Strategic signalScale indicators6 records
Recent moves4 records
Expansion highlights4 records
Postal Realty Trust competitors and assessment
Company assessmentBroad incumbents
- W. P. Carey: W. P. Carey (NYSE: WPC) is a diversified net-lease REIT owning single-tenant commercial properties globally. Its long-duration triple-net lease structure and acquisition-driven growth model are directly comparable to Postal Realty's approach to building a portfolio of leased properties.
- Realty Income: Realty Income (NYSE: O) is the largest publicly traded net-lease REIT with a diversified, government and investment-grade tenant base. It is broadly comparable to Postal Realty in business model (long-duration triple-net leases with contractual rent escalators) but operates at far greater scale and diversification across industries.
Direct peers
- National Retail Properties: National Retail Properties (NYSE: NNN) is a net-lease REIT owning single-tenant retail properties. Like Postal Realty, it generates stable rental income from long-term leases, has a strong dividend track record, and grows primarily through accretive property acquisitions.
- Four Corners Property Trust: Four Corners Property Trust (NYSE: FCPT) is a net-lease REIT focused on restaurant properties. Its single-tenant specialty focus and acquisition-led growth trajectory are analogous to Postal Realty's postal-only niche.
- Essential Properties Realty Trust: Essential Properties Realty Trust (NYSE: EPRT) is a smaller net-lease REIT focused on middle-market single-tenant properties. Its approach to underwriting high-quality tenants and growing through portfolio acquisitions is structurally similar to Postal Realty's postal-only strategy.
- Agree Realty: Agree Realty (NYSE: ADC) is a net-lease REIT focused on retail and industrial properties leased to investment-grade tenants. Its acquisition-led growth strategy, long lease terms, and dividend-orientation closely mirror Postal Realty's operational model.
- Broadstone Net Lease: Broadstone Net Lease (NYSE: BNL) is a diversified net-lease REIT with a wide tenant base across industrial, restaurant, retail, and office properties. Its acquisition-driven model and dividend focus make it operationally comparable to Postal Realty.
Emerging players
- Alpine Income Property Trust: Alpine Income Property Trust (NYSE: PINE) is a small-cap net-lease REIT acquiring single-tenant properties. Like Postal Realty, it pursues a niche single-tenant strategy and is in a similar early-stage growth phase with reliance on external capital.
Others
- Stag Industrial: Stag Industrial (NYSE: STAG) is an industrial REIT with a net-lease orientation, providing a benchmark for industrial-adjacent net-lease economics. It is thematically related to Postal Realty through its single-tenant industrial focus and acquisition-driven growth model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks4 records
Key highlights6 records
Customer concentration
Postal Realty Trust social profiles
Digital presencePostal Realty Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
Postal Realty Trust leadership team
Management profileNumber of profiles
Profiles1 record
Postal Realty Trust funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Postal Realty Trust M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Postal Realty Trust
What does Postal Realty Trust do?
Postal Realty Trust is a publicly traded REIT that acquires and manages real estate properties leased to the United States Postal Service. The company purchases individual postal properties and multi-owner portfolios through all-cash transactions, offers complimentary 48-hour property valuations, executes fast diligence and closings, and structures operating partnership (OP) unit exchanges that allow qualified sellers to defer capital gains taxes. As of March 31, 2026, the owned portfolio includes 1,978 properties across 49 states with a weighted average rent of $12.05 per square foot and 99% weighted average lease retention.
Is Postal Realty Trust a public or private company?
Postal Realty Trust is a public company. It is classified as public and is currently operating.
When was Postal Realty Trust founded?
Postal Realty Trust was founded in 2018. It employs 11 to 50 people.
Where is Postal Realty Trust based?
Postal Realty Trust is headquartered in Cedarhurst, United States, in the North America region.
How does Postal Realty Trust make money?
One revenue line is on record: rental Income from USPS Properties.
Who are Postal Realty Trust's main competitors?
Broad incumbents on record are W. P. Carey and Realty Income. Direct peers are National Retail Properties, Four Corners Property Trust, Essential Properties Realty Trust, Agree Realty and Broadstone Net Lease. Alpine Income Property Trust is listed as an emerging player. Stag Industrial is listed as an others.
Does Postal Realty Trust have an API?
No public API is recorded for Postal Realty Trust.
What industry is Postal Realty Trust in?
Postal Realty Trust's product category is Net Lease REIT (USPS-Leased Postal Properties). Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities. Its NAICS code is 5311 and its SIC code is 6798.