Postal Realty Trust Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
PSTL$22.71-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value and share data)
| December 31,2023 | December 31,2022 | |
|---|---|---|
| Assets | ||
| Investments: | ||
| Real estate properties, at cost: | ||
| Land | $106,074 | $90,020 |
| Building and improvements | 443,470 | 378,596 |
| Tenant improvements | 6,977 | 6,375 |
| Total real estate properties, at cost | 556,521 | 474,991 |
| Less: Accumulated depreciation | (43,791) | (31,257) |
| Total real estate properties, net | 512,730 | 443,734 |
| Investment in financing leases, net | 16,042 | 16,130 |
| Total real estate investments, net | 528,772 | 459,864 |
| Cash | 2,235 | 1,495 |
| Escrow and reserves | 632 | 547 |
| Rent and other receivables | 4,750 | 4,613 |
| Prepaid expenses and other assets, net | 13,369 | 15,968 |
| Goodwill | 1,536 | 1,536 |
| Deferred rent receivable | 1,542 | 1,194 |
| In-place lease intangibles, net | 14,154 | 15,687 |
| Above market leases, net | 355 | 399 |
| Total Assets | $567,345 | $501,303 |
| Liabilities and Equity | ||
| Liabilities: | ||
| Term loans, net | $198,801 | $163,753 |
| Revolving credit facility | 9,000 | — |
| Secured borrowings, net | 32,823 | 32,909 |
| Accounts payable, accrued expenses and other, net | 11,996 | 9,109 |
| Below market leases, net | 13,100 | 11,821 |
| Total Liabilities | 265,720 | 217,592 |
| Commitments and Contingencies | ||
| Equity: | ||
| Class A common stock, par value $0.01 per share; 500,000,000 shares authorized, 21,933,005 and 19,528,066 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | 219 | 195 |
| Class B common stock, par value $0.01 per share; 27,206 shares authorized, 27,206 shares issued and outstanding as of December 31, 2023 and December 31, 2022 | — | — |
| Additional paid-in capital | 287,268 | 254,107 |
| Accumulated other comprehensive income | 4,621 | 7,486 |
| Accumulated deficit | (48,546) | (32,557) |
| Total Stockholders’ Equity | 243,562 | 229,231 |
| Operating partnership unitholders’ non-controlling interests | 58,063 | 54,480 |
| Total Equity | 301,625 | 283,711 |
| Total Liabilities and Equity | $567,345 | $501,303 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.