P
ostal Realty Trust, Inc. reported strong first-quarter results for 2025, with notable highlights including a 28% increase in revenues compared to the same period last year. The company's net income attributable to common shareholders was $2.1 million, or $0.06 per diluted share, while Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO) were $8.4 million and $9.8 million, respectively.

    The company acquired 36 USPS properties for approximately $15.8 million at a weighted average capitalization rate of 7.6%. Additionally, Postal Realty Trust agreed to new lease terms on negotiated leases with the USPS through 2026, featuring annual rent escalations of 3%.

    As of March 31, 2025, the company's owned portfolio was 99.8% occupied, consisting of 1,738 properties across 49 states and one territory, with approximately 6.5 million net leasable interior square feet. The weighted average rental rate was $10.90 per leasable square foot.

    The company's CEO, Andrew Spodek, stated that the first quarter of 2025 has been strong, with continued momentum in re-leasing efforts and a healthy pace of acquisitions. He noted that the company is focusing on securing new leases for 2027 and leveraging long-term leases and rent escalations to drive internal organic growth.

    The acquisition of 36 USPS properties added approximately 100,000 net leasable interior square feet at a weighted average rental rate of $13.69 per leasable square foot. The company's property portfolio is comprised of last-mile and flex properties with an average rental rate of $13.07 per leasable square foot, and industrial properties with an average rental rate of $4.12 per leasable square foot.