Postal Realty Trust, Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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 31,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Investments: | ||
| Real estate properties, at cost: | ||
| Land | $163,485 | $128,457 |
| Building and improvements | 603,390 | 512,248 |
| Tenant improvements | 8,649 | 7,501 |
| Total real estate properties, at cost | 775,524 | 648,206 |
| Less: Accumulated depreciation | (74,769) | (58,175) |
| Total real estate properties, net | 700,755 | 590,031 |
| Investment in financing leases, net | 15,851 | 15,951 |
| Total real estate investments, net | 716,606 | 605,982 |
| Cash | 1,454 | 1,799 |
| Escrow and reserves | 643 | 744 |
| Rent and other receivables | 5,232 | 6,658 |
| Prepaid expenses and other assets, net | 11,800 | 14,519 |
| Goodwill | 1,536 | 1,536 |
| Deferred rent receivable | 5,373 | 2,639 |
| Lease intangible assets, net | 16,413 | 12,941 |
| Total Assets | $759,057 | $646,818 |
| Liabilities and Equity | ||
| Liabilities: | ||
| Term loans, net | $288,313 | $248,790 |
| Revolving credit facility | 39,000 | 14,000 |
| Secured borrowings, net | 33,828 | 33,918 |
| Accounts payable, accrued expenses and other, net | 18,597 | 16,441 |
| Below market leases, net | 19,758 | 16,171 |
| Total Liabilities | 399,496 | 329,320 |
| Commitments and Contingencies | ||
| Equity: | ||
| Class A common stock, par value $0.01 per share; 500,000,000 shares authorized, 26,849,381 and 23,494,487 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 268 | 235 |
| Class B common stock, par value $0.01 per share; 27,206 shares authorized, 27,206 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | — | — |
| Additional paid-in capital | 358,001 | 310,031 |
| Accumulated other comprehensive income | 954 | 5,230 |
| Accumulated deficit | (74,024) | (64,211) |
| Total Stockholders’ Equity | 285,199 | 251,285 |
| Operating partnership unitholders’ non-controlling interests | 74,362 | 66,213 |
| Total Equity | 359,561 | 317,498 |
| Total Liabilities and Equity | $759,057 | $646,818 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.