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THE BLUEPRINT:
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Postal Realty Trust invested $123 million to acquire 216 USPS-leased properties in 2025
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Acquisitions totaled about 642,000 square feet with an average cap rate of 7.7%
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The REIT’s portfolio grew about 20% year over year while maintaining a strong balance sheet
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Owned properties were 99.8% occupied across 1,917 locations in 49 states
Postal Realty Trust, a real estate investment trust headquartered in Cedarhurst, reported it invested $123 million in property acquisitions last year, according to its latest financial filing.
The REIT, which as its name implies, owns and manages more than 2,200 properties leased primarily to the United States Postal Service. Its property portfolio consists of last-mile post offices and distribution facilities throughout the U.S., including several on Long Island.
In 2025, Postal Realty Trust acquired 216 properties leased to the USPS. The properties totaled about 642,000 net leasable interior square feet and had a weighted average rental rate of $16.24 per square foot as of Dec. 31, 2025. The acquisitions had an average cap rate of about 7.7 percent, according to a company statement.
“The acquisition volume we achieved in 2025 reflects the strength of our long-standing relationships, our differentiated sourcing strategy, and our specialized expertise in postal real estate,” Andrew Spodek, the REIT’s CEO, said in the statement. “Last year’s acquisitions represent approximately 20 percent growth in our asset base from year-end 2024. Importantly, we drove this growth while maintaining a strong balance sheet. This growth builds on the results we’ve delivered since our IPO in 2019—expanding our asset base by approximately 1,095 percent. Over that time, we have delivered compound annual AFFO per share growth of approximately 5.5 percent from 2020 through 2025, based on the midpoint of guidance.”
Postal Realty Trust’s owned portfolio was 99.8 percent occupied with 1,917 properties across 49 states and one territory with about 7.1 million net leasable interior square feet and a weighted average rental rate of $11.88 per leasable square foot as of Dec. 31, 2025. The weighted average rental rate consisted of $14.09 per leasable square foot on last-mile and flex properties, and $4.23 per leasable square foot on industrial properties, the company reported.
At the end of 2025, 89 percent of Postal Realty Trust’s outstanding debt was set to fixed rates and $39 million was outstanding on the REIT’s senior unsecured revolving credit facility. The weighted average interest rate of the company’s total debt outstanding was 4.38 percent, according to the statement.
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David Winzelberg
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