NYSE : PSTL
Postal Realty Trust, Inc. — Financial statements
Real Estate · REIT - Office · United States
Last price 21.58 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 815.02M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 103.23M | 93.31M | 73.14M | 60.97M | 50.88M | 38.28M |
| Other Revenue | 2.32M | 2.52M | 3.23M | 2.74M | 2.45M | 1.66M |
| Total Revenue | 105.55M | 95.82M | 76.37M | 63.71M | 53.33M | 39.94M |
| Property Expenses | 22.84M | 21.03M | 18.97M | 15.37M | 12.79M | 9.39M |
| Selling, General & Administrative | 18.04M | 17.19M | 16.01M | 14.65M | 13.11M | 10.64M |
| Depreciation & Amortization | 25.58M | 23.99M | 22.20M | 19.69M | 17.73M | 13.99M |
| Total Operating Expenses | 66.47M | 62.21M | 57.18M | 49.72M | 43.63M | 34.02M |
| Operating Income | 39.09M | 33.61M | 19.19M | 14.00M | 9.70M | 5.92M |
| Interest Expense | -17.66M | -16.11M | -12.79M | -10.03M | -5.97M | -3.45M |
| Interest & Investment Income | 7.00K | 26.00K | 5.00K | 1.00K | 2.00K | |
| Other Non-Operating Income | 30.00K | 21.00K | ||||
| EBT Excluding Unusual Items | 21.42M | 17.54M | 6.45M | 3.98M | 3.73M | 2.47M |
| Gain (Loss) on Sale of Assets | 30.00K | -49.00K | 2.39M | |||
| Total Insurance Settlements | 1.70M | 2.20M | 679.00K | 1.03M | 401.00K | |
| Asset Writedown | -30.00K | -200.00K | -100.00K | |||
| Other Unusual Items | -1.06M | -1.37M | -304.00K | -202.00K | ||
| Pretax Income | 22.06M | 18.12M | 8.44M | 4.66M | 4.76M | 2.67M |
| Income Tax Expense | 52.00K | 27.00K | 116.00K | 72.00K | 12.00K | 111.00K |
| Earnings From Continuing Operations | 22.01M | 18.10M | 8.32M | 4.58M | 4.74M | 2.56M |
| Minority Interest in Earnings | -4.68M | -3.95M | -1.73M | -874.00K | -890.00K | -501.00K |
| Net Income | 17.33M | 14.15M | 6.60M | 3.71M | 3.85M | 2.06M |
| Preferred Dividends & Other Adjustments | 2.99M | 2.66M | 1.79M | 1.37M | 997.00K | 658.00K |
| Net Income to Common | 14.34M | 11.49M | 4.80M | 2.34M | 2.86M | 1.40M |
| Basic Shares Outstanding | 26.28M | 24.35M | 22.57M | 20.15M | 18.55M | 13.69M |
| Diluted Shares Outstanding | 26.43M | 24.35M | 22.57M | 20.15M | 18.55M | 13.69M |
| EPS (Basic) | 0.55 | 0.47 | 0.21 | 0.12 | 0.15 | 0.10 |
| EPS (Diluted) | 0.54 | 0.47 | 0.21 | 0.12 | 0.15 | 0.10 |
| Dividend Per Share | 0.98 | 0.97 | 0.96 | 0.95 | 0.94 | 0.90 |
| Operating Margin | 37.03% | 35.08% | 25.12% | 21.97% | 18.19% | 14.82% |
| Profit Margin | 13.59% | 11.99% | 6.29% | 3.68% | 5.36% | 3.50% |
| EBITDA | 60.96M | 53.97M | 38.21M | 31.13M | 25.15M | 18.29M |
| EBITDA Margin | 57.75% | 56.33% | 50.03% | 48.86% | 47.16% | 45.79% |
| D&A For Ebitda | 21.87M | 20.36M | 19.02M | 17.14M | 15.45M | 12.37M |
| EBIT | 39.09M | 33.61M | 19.19M | 14.00M | 9.70M | 5.92M |
| EBIT Margin | 37.03% | 35.08% | 25.12% | 21.97% | 18.19% | 14.82% |
| Funds From Operations (FFO) | 42.43M | 42.43M | 28.09M | 24.17M | 22.41M | |
| Adjusted Funds From Operations (AFFO) | 42.11M | 33.72M | 27.30M | 23.51M | ||
| FFO Payout Ratio | 61.65% | 56.47% | 79.25% | 81.51% | 78.24% | |
| Effective Tax Rate | 0.24% | 0.15% | 1.38% | 1.55% | 0.25% | 4.16% |
| Revenue as Reported | 105.55M | 95.82M | 76.37M | 63.71M | 53.33M | 39.94M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 775.04M | 702.99M | 592.22M | 513.70M | 444.74M | 327.48M |
| Cash & Equivalents | 1.83M | 1.45M | 1.80M | 2.23M | 1.50M | 5.86M |
| Accounts Receivable | 29.41M | 26.26M | 24.85M | 22.03M | 21.64M | 20.75M |
| Other Receivables | 200.00K | 200.00K | 400.00K | 300.00K | 300.00K | 300.00K |
| Goodwill | 1.54M | 1.54M | 1.54M | 1.54M | 1.54M | |
| Other Intangible Assets | 18.41M | 16.41M | 12.94M | 14.51M | 16.09M | 14.65M |
| Restricted Cash | 961.00K | 643.00K | 744.00K | 632.00K | 547.00K | 1.17M |
| Other Current Assets | 415.00K | 5.76M | 6.51M | |||
| Trading Asset Securities | 3.40M | 2.10M | 6.70M | 6.40M | 9.20M | 1.00M |
| Other Long-Term Assets | 5.36M | 7.46M | 5.63M | 6.00M | ||
| Total Assets | 836.57M | 759.06M | 646.82M | 567.35M | 501.30M | 377.72M |
| Current Portion of Long-Term Debt | 551.00K | 1.10M | 400.00K | 700.00K | ||
| Current Portion of Leases | 163.00K | 327.00K | ||||
| Long-Term Debt | 381.77M | 361.14M | 296.61M | 240.62M | 196.66M | 95.35M |
| Long-Term Leases | 1.80M | 1.74M | 2.17M | 994.00K | 1.01M | |
| Accounts Payable | 13.49M | 15.43M | 13.98M | 10.30M | 8.10M | 8.19M |
| Other Current Liabilities | 1.87M | 3.31M | 40.00K | |||
| Other Long-Term Liabilities | 19.65M | 16.45M | 16.17M | 13.10M | 11.82M | 8.67M |
| Total Liabilities | 419.29M | 399.50M | 329.32M | 265.72M | 217.59M | 112.24M |
| Common Stock | 302.00K | 268.00K | 235.00K | 219.00K | 195.00K | 186.00K |
| Additional Paid-In Capital | 410.48M | 358.00M | 310.03M | 287.27M | 254.11M | 237.97M |
| Retained Earnings | -78.93M | -74.02M | -64.21M | -48.55M | -32.56M | -18.88M |
| Comprehensive Income & Other | 2.76M | 954.00K | 5.23M | 4.62M | 7.49M | 766.00K |
| Total Common Equity | 334.61M | 285.20M | 251.28M | 243.56M | 229.23M | 220.04M |
| Minority Interest | 82.67M | 74.36M | 66.21M | 58.06M | 54.48M | 45.43M |
| Shareholders' Equity | 417.28M | 359.56M | 317.50M | 301.62M | 283.71M | 265.47M |
| Total Liabilities & Equity | 836.57M | 759.06M | 646.82M | 567.35M | 501.30M | 377.72M |
| Total Debt | 384.28M | 364.31M | 299.17M | 242.32M | 197.68M | 95.35M |
| Net Cash (Debt) | -379.05M | -360.75M | -290.67M | -233.68M | -186.98M | -88.49M |
| Net Cash Per Share | -14.34 | -14.82 | -12.88 | -11.60 | -10.08 | -6.46 |
| Filing Date Shares Outstanding | 30.28M | 27.49M | 23.58M | 22.54M | 19.71M | 18.79M |
| Total Common Shares Outstanding | 30.14M | 26.88M | 23.52M | 21.96M | 19.56M | 18.59M |
| Book Value Per Share | 11.10 | 10.61 | 10.68 | 11.09 | 11.72 | 11.84 |
| Tangible Book Value | 314.66M | 267.25M | 236.81M | 227.52M | 211.61M | 205.39M |
| Tangible Book Value Per Share | 10.44 | 9.94 | 10.07 | 10.36 | 10.82 | 11.05 |
| Land | 186.46M | 163.49M | 128.46M | 106.07M | 90.02M | 64.54M |
| Buildings | 661.46M | 603.39M | 512.25M | 443.47M | 378.60M | 278.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 17.33M | 14.15M | 6.60M | 3.71M | 3.85M | 2.06M |
| Depreciation & Amortization | 21.87M | 20.36M | 19.02M | 17.14M | 15.45M | 12.37M |
| Other Amortization | 978.00K | 869.00K | 748.00K | 686.00K | 596.00K | 714.00K |
| Gain (Loss) on Sale of Assets | -30.00K | 49.00K | -2.39M | |||
| Stock-Based Compensation | 6.80M | 6.31M | 6.38M | 5.83M | 4.72M | 3.72M |
| Change in Accounts Receivable | -227.00K | 1.56M | -1.79M | 128.00K | -358.00K | -765.00K |
| Change in Accounts Payable | -415.00K | 1.13M | 3.89M | 1.51M | 852.00K | 1.10M |
| Change in Other Net Operating Assets | 645.00K | -813.00K | 67.00K | -501.00K | -95.00K | -2.10M |
| Other Operating Activities | 351.00K | 887.00K | 982.00K | -78.00K | -427.00K | 9.00K |
| Operating Cash Flow | 47.30M | 44.51M | 33.50M | 28.43M | 24.59M | 17.09M |
| Acquisition of Real Estate Assets | -159.51M | -126.32M | -84.80M | -73.09M | -119.90M | -91.36M |
| Sale of Real Estate Assets | 616.00K | 1.39M | 5.98M | |||
| Net Sale / Acq. of Real Estate Assets | -158.89M | -124.93M | -78.82M | -73.09M | -119.90M | -91.36M |
| Other Investing Activities | 715.00K | 1.24M | -329.00K | 483.00K | -238.00K | 327.00K |
| Investing Cash Flow | -158.18M | -123.69M | -79.15M | -72.61M | -120.15M | -106.72M |
| Long-Term Debt Issued | 167.00M | 121.00M | 97.00M | 230.00M | 189.00M | |
| Long-Term Debt Repaid | -102.12M | -66.11M | -53.11M | -128.10M | -217.84M | |
| Net Debt Issued (Repaid) | 53.71M | 64.88M | 54.89M | 43.89M | 101.90M | -28.84M |
| Issuance of Common Stock | 95.10M | 47.24M | 19.49M | 26.87M | 11.63M | 138.92M |
| Repurchase of Common Stock | -957.00K | -348.00K | -700.00K | -467.00K | -383.00K | -242.00K |
| Common Dividends Paid | -26.16M | -23.96M | -22.26M | -19.70M | -17.53M | -12.02M |
| Other Financing Activities | -10.10M | -9.07M | -6.09M | -5.59M | -5.04M | -4.43M |
| Net Cash Flow | 709.00K | -446.00K | -324.00K | 825.00K | -4.98M | 3.75M |
| Levered Free Cash Flow | 38.32M | 42.14M | 30.80M | 33.62M | 23.45M | 3.63M |
| Unlevered Free Cash Flow | 48.38M | 51.34M | 38.04M | 39.20M | 26.59M | 5.07M |
| Cash Interest Paid | 15.20M | 15.20M | 12.00M | 9.20M | 5.10M | 2.70M |
| Cash Income Tax Paid | 100.00K | 100.00K | 90.00K | 50.00K | 100.00K | 100.00K |
| Change in Working Capital | 3.00K | 1.88M | 2.17M | 1.14M | 399.00K | -1.77M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 815.02M | 421.09M | 306.42M | 316.56M | 276.68M | 368.21M |
| Enterprise Value | 1.19B | 841.34M | 644.30M | 589.15M | 505.57M | 532.94M |
| Last Close Price | 21.58 | 15.59 | 11.75 | 12.25 | 11.46 | 14.76 |
| PE Ratio | 40.13 | 36.64 | 63.77 | 135.17 | 96.84 | 263.57 |
| PS Ratio | 7.72 | 4.39 | 4.01 | 4.97 | 5.19 | 9.22 |
| PB Ratio | 1.94 | 1.17 | 0.96 | 1.05 | 0.97 | 1.39 |
| P/OCF Ratio | 17.23 | 9.46 | 9.15 | 11.14 | 11.25 | 21.54 |
| EV/Sales Ratio | 11.31 | 8.78 | 8.44 | 9.25 | 9.48 | 13.34 |
| EV/EBITDA Ratio | 19.59 | 15.59 | 16.86 | 18.92 | 20.10 | 29.14 |
| EV/EBIT Ratio | 30.55 | 25.03 | 33.58 | 42.09 | 52.12 | 90.04 |
| Debt / Equity Ratio | 0.92 | 1.01 | 0.94 | 0.80 | 0.70 | 0.36 |
| Debt / EBITDA Ratio | 6.26 | 6.70 | 7.77 | 7.73 | 7.80 | 5.21 |
| Net Debt / Equity Ratio | 0.91 | 1.00 | 0.92 | 0.78 | 0.66 | 0.33 |
| Net Debt / EBITDA Ratio | 6.22 | 6.68 | 7.61 | 7.51 | 7.43 | 4.84 |
| Asset Turnover | 0.14 | 0.14 | 0.13 | 0.12 | 0.12 | 0.12 |
| Quick Ratio | 2.17 | 1.49 | 2.35 | 2.81 | 4.03 | 3.39 |
| Current Ratio | 2.25 | 1.52 | 2.40 | 2.87 | 4.81 | 4.33 |
| Return on Equity (ROE) | 5.93% | 5.35% | 2.69% | 1.57% | 1.73% | 1.33% |
| Return on Assets (ROA) | 3.20% | 2.99% | 1.98% | 1.64% | 1.38% | 1.16% |
| Return on Invested Capital (ROIC) | 5.00% | 5.01% | 3.26% | 2.69% | 2.30% | 1.87% |
| Earnings Yield | 2.49% | 3.36% | 2.15% | 1.17% | 1.39% | 0.56% |
| Dividend Yield | 4.54% | 6.21% | 7.39% | 6.61% | 6.61% | 4.52% |
| Payout Ratio | 182.26% | 169.36% | 337.49% | 531.09% | 454.90% | 584.77% |
| Buyback Yield / Dilution | -14.13% | -7.91% | -12.01% | -8.63% | -35.48% | -95.18% |
| Total Shareholder Return | -9.59% | -1.70% | -4.62% | -2.02% | -28.87% | -90.66% |