REIT that specializes in owning and managing properties leased to the United States Postal Service (USPS) and other similar governmental tenants.
Postal Realty Trust, Inc. (NYSE: PSTL) operates as an internally managed real estate investment trust specializing in properties primarily leased to the United States Postal Service (USPS). The company strategically focuses on acquiring and managing a network of USPS properties, which play a crucial role in supporting the nation's logistics infrastructure and facilitating efficient last-mile delivery solutions.
As of December 31, 2023, Postal Realty Trust, Inc. owned a robust portfolio consisting of 1,509 properties across 49 states and one territory. These properties encompass approximately 5.9 million net leasable interior square feet, underscoring the company's substantial footprint in the USPS-related real estate market.
Continuing its growth trajectory, Postal Realty Trust, Inc. has expanded its portfolio further. Subsequent to the end of the last quarter and through February 23, 2024, the company successfully closed on eight additional properties. These new acquisitions contribute approximately 33,000 net leasable interior square feet, reinforcing PSTL's commitment to expanding its portfolio and enhancing shareholder value through strategic property acquisitions.
By focusing on properties leased to the USPS, Postal Realty Trust, Inc. not only aims to secure stable rental income streams but also leverages its expertise in real estate management to optimize the operational efficiency and value of its portfolio. Headquartered in the United States, PSTL continues to strengthen its position as a key player in the real estate market dedicated to supporting essential national infrastructure.