Postal Realty Trust, Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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ITEM 2. PROPERTIES
As of December 31, 2025, we owned a portfolio of 1,917 properties located in 49 states and one territory, comprising approximately of 7.1 million net leasable interior square feet. Our properties are leased primarily to the USPS. The following map shows our footprint of owned properties as of December 31, 2025. As of December 31, 2025, we also managed 333 postal properties owned by our chief executive officer and his affiliates.
Information regarding our properties as of December 31, 2025 are included in Item 15. “Exhibits and Financial Statement Schedules—Schedule III. Real Estate and Accumulated Depreciation” of this Annual Report on Form 10-K.
Scheduled Lease Expirations
As of December 31, 2025, the weighted average remaining years to maturity pursuant to our leases with the USPS was approximately four years, with expirations through 2038, assuming tenants do not exercise any existing renewal, termination or purchase options. The table below details scheduled lease expirations, as of December 31, 2025, for our properties for the periods indicated.
| Number of Leases Expiring · Total Lease Square Footage · Annualized Lease Revenue(1) | |||||
|---|---|---|---|---|---|
| Year · Amount · % · Amount · % | |||||
| 2026 (2) | 260 | 1,020,593 | 14.5% | $9,938,401 | 11.9% |
| 2027 | 469 | 1,469,422 | 20.9% | $15,820,069 | 18.8% |
| 2028 | 243 | 874,958 | 12.4% | $11,526,336 | 13.8% |
| 2029 | 179 | 656,950 | 9.3% | $8,417,209 | 10.1% |
| 2030 | 202 | 1,179,723 | 16.7% | $9,911,018 | 11.8% |
| 2031 | 112 | 288,065 | 4.1% | $3,460,861 | 4.1% |
| 2032 | 30 | 110,500 | 1.6% | $2,821,251 | 3.4% |
| 2033 | 7 | 307,498 | 4.4% | $2,517,400 | 3.0% |
| 2034 | 129 | 484,234 | 6.9% | $8,917,587 | 10.7% |
| 2035 | 250 | 565,361 | 8.0% | $9,523,749 | 11.4% |
| 2036 | 38 | 87,257 | 1.2% | $824,942 | 1.0% |
| 2037 | — | — | —% | $— | —% |
| 2038 | 1 | 852 | —% | $6,240 | —% |
| Totals | 1,920 | 7,045,413 | 100.0% | $83,685,063 | 100.0% |
(1)Annualized contractual rent in effect on December 31, 2025 for all of our leases (including those accounted for as direct financing leases).
(2)Includes approximately 8,646 of interior lease square footage occupied by month-to-month holdover leases or leases that expired during the year ended December 31, 2025. Holdover rent is typically paid as the greater of estimated market rent or the rent amount due under the expired lease.
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