Postal Realty Trust Acquires 216 USPS-Leased Properties for $123M at 7.7% Cap Rate
Postal Realty Trust acquired 216 USPS-leased properties for $123 million in 2025 at a 7.7% cash cap rate, adding 642,000 net rentable square feet and boosting assets 20% year-over-year. At year-end occupancy was 99.8% across 1,917 properties, with 89% of debt fixed-rate and no maturities until 2028.
1. Significant 2025 Acquisitions Drive Portfolio Growth
In 2025 Postal Realty Trust acquired 216 USPS-leased properties for a total consideration of $123 million, adding approximately 642,000 net leasable interior square feet at a weighted average cash capitalization rate of 7.7%. This transaction volume represents a 20% increase in the Company’s asset base compared with year-end 2024 and builds on the nearly 1,095% expansion in owned assets since its 2019 IPO. The newly acquired assets carry an average rental rate of $16.24 per leasable square foot as of December 31, 2025, reflecting the strength of PSTL’s specialized sourcing strategy and its deep relationships with the United States Postal Service.
2. Robust Portfolio Metrics and Occupancy
As of December 31, 2025, Postal Realty Trust’s portfolio comprised 1,917 properties across 49 states and one territory, totaling approximately 7.1 million net leasable interior square feet. The portfolio was 99.8% occupied, with a weighted average rental rate of $11.88 per occupied square foot—split between $14.09 for last-mile and flex properties and $4.23 for industrial facilities. The high occupancy rate underscores the stability of PSTL’s tenant base, with the United States Postal Service maintaining long-term lease commitments on virtually all assets.
3. Strengthened Balance Sheet and Capital Markets Activity
At year-end 2025, 89% of Postal Realty Trust’s debt outstanding was at fixed rates, with no debt maturities scheduled until 2028, minimizing near-term refinancing risk. The weighted average interest rate on total debt stood at 4.38%, and the Company had $39 million drawn on its senior unsecured revolving credit facility. During 2025, PSTL issued 3.15 million shares of common stock under its at-the-market offering program, generating gross proceeds of $48.4 million. As of December 31, fully diluted shares outstanding totaled 34.10 million, up from a weighted average of 33.62 million in the fourth quarter, supporting the Company’s disciplined growth strategy while preserving financial flexibility.