Postal Realty Trust Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Postal Realty Trust Inc reported revenue of $95.8M (+25.5% year on year) and net income of $18.1M (+117.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Rental income | $93.3M | $73.1M | $61.0M | $50.9M |
| Fee and other | $2.5M | $3.2M | $2.7M | $2.5M |
| Total revenues | $95.8M | $76.4M | $63.7M | $53.3M |
| Real estate taxes | $11.3M | $9.8M | $8.5M | $7.2M |
| Property operating expenses | $9.7M | $9.1M | $6.8M | $5.6M |
| General and administrative | $17.2M | $16.0M | $14.7M | $13.1M |
| Casualty and impairment (gains) losses, net | ($775.0K) | $404.0K | — | — |
| Depreciation and amortization | $24.0M | $22.2M | $19.7M | $17.7M |
| Total operating expenses | $61.4M | $57.6M | $49.7M | $43.6M |
| (Loss) gain on sale of real estate assets | ($49.0K) | $2.4M | — | — |
| Income from operations | $34.3M | $21.2M | $14.0M | $9.7M |
| Other income | $30.0K | $21.0K | $679.0K | $1.0M |
| Contractual interest expense | ($15.2M) | ($12.0M) | ($9.3M) | ($5.4M) |
| Write-off and amortization of deferred financing fees and amortization of debt discount | ($869.0K) | ($746.0K) | ($686.0K) | ($596.0K) |
| Loss on early extinguishment of debt | ($142.0K) | — | — | $0 |
| Interest income | $7.0K | $26.0K | $5.0K | $1.0K |
| Total interest expense, net | ($16.2M) | ($12.8M) | ($10.0M) | ($6.0M) |
| Income before income tax expense | $18.1M | $8.4M | $4.7M | $4.8M |
| Income tax expense | ($27.0K) | ($116.0K) | ($72.0K) | ($12.0K) |
| Net income attributable to operating partnership unitholders’ non-controlling interests | ($3.9M) | ($1.7M) | ($874.0K) | ($890.0K) |
| Net income attributable to common stockholders | $14.1M | $6.6M | $3.7M | $3.9M |
| Basic (in dollars per share) | $0.47 | $0.21 | $0.12 | $0.15 |
| Diluted (in dollars per share) | $0.47 | $0.21 | $0.12 | $0.15 |
| Basic (in shares) | 24.3M | 22.6M | 20.1M | 18.5M |
| Diluted (in shares) | 24.3M | 22.6M | 20.1M | 18.5M |
| Net income | $18.1M | $8.3M | $4.6M | $4.7M |
| Unrealized (loss) gain on derivative instruments | ($5.5M) | $735.0K | ($3.5M) | $8.2M |
| Comprehensive income | $12.6M | $9.1M | $1.1M | $13.0M |
| Comprehensive income attributable to operating partnership unitholders’ non-controlling interests | ($2.7M) | ($1.9M) | ($239.0K) | ($2.4M) |
| Comprehensive income attributable to common stockholders | $9.9M | $7.2M | $844.0K | $10.6M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Rental income | $28.0M | $26.1M | $23.7M | $22.7M |
| Fee and other | $560.0K | $534.0K | $634.0K | $621.0K |
| Total revenues | $28.6M | $26.6M | $24.3M | $23.4M |
| Real estate taxes | $3.2M | $3.1M | $2.9M | $2.8M |
| Property operating expenses | $2.6M | $2.8M | $2.4M | $2.0M |
| General and administrative | $4.7M | $5.4M | $3.8M | $4.3M |
| Casualty and impairment losses (gains), net | $89.0K | ($263.0K) | $97.0K | ($345.0K) |
| Depreciation and amortization | $6.7M | $6.4M | $6.1M | $5.9M |
| Total operating expenses | $17.3M | $17.4M | $15.2M | $14.6M |
| Gain (loss) on sale of real estate assets | $30.0K | $0 | $0 | $0 |
| Income from operations | $11.3M | $9.2M | $9.1M | $8.7M |
| Other income | $0 | $0 | $0 | $0 |
| Contractual interest expense | ($4.6M) | ($4.1M) | ($3.9M) | ($3.8M) |
| Write-off and amortization of deferred financing fees and amortization of debt discount | ($278.0K) | ($253.0K) | ($215.0K) | ($211.0K) |
| Interest income | $0 | $0 | $0 | $1.0K |
| Total interest expense, net | ($4.9M) | ($4.4M) | ($4.3M) | ($4.0M) |
| Income before income tax expense | $6.4M | $4.9M | $4.9M | $4.7M |
| Income tax expense | ($27.0K) | ($23.0K) | ($6.0K) | ($10.0K) |
| Net income attributable to operating partnership unitholders’ non-controlling interests | ($1.4M) | ($1.0M) | ($1.1M) | ($1.1M) |
| Net income attributable to common stockholders | $5.1M | $3.8M | $3.8M | $3.6M |
| Basic (in dollars per share) | $0.15 | $0.11 | $0.13 | $0.12 |
| Diluted (in dollars per share) | $0.15 | $0.11 | $0.13 | $0.12 |
| Basic (in shares) | 27.4M | 27.1M | 24.6M | 23.5M |
| Diluted (in shares) | 27.7M | 27.3M | 24.6M | 23.5M |
| Net income | $6.4M | $4.8M | $4.9M | $4.7M |
| Unrealized gain (loss) on derivative instruments | $1.1M | $1.2M | ($533.0K) | ($1.6M) |
| Comprehensive income | $7.5M | $6.0M | $4.3M | $3.0M |
| Comprehensive income attributable to operating partnership unitholders’ non-controlling interests | ($1.6M) | ($1.3M) | ($956.0K) | ($690.0K) |
| Comprehensive income attributable to common stockholders | $5.9M | $4.7M | $3.4M | $2.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Land | $163.5M | $128.5M | $106.1M | $90.0M |
| Building and improvements | $603.4M | $512.2M | $443.5M | $378.6M |
| Tenant improvements | $8.6M | $7.5M | $7.0M | $6.4M |
| Total real estate properties, at cost | $775.5M | $648.2M | $556.5M | $475.0M |
| Less: Accumulated depreciation | ($74.8M) | ($58.2M) | ($43.8M) | ($31.3M) |
| Total real estate properties, net | $700.8M | $590.0M | $512.7M | $443.7M |
| Investment in financing leases, net | $15.9M | $16.0M | $16.0M | $16.1M |
| Total real estate investments, net | $716.6M | $606.0M | $528.8M | $459.9M |
| Cash | $1.5M | $1.8M | $2.2M | $1.5M |
| Escrow and reserves | $643.0K | $744.0K | $632.0K | $547.0K |
| Rent and other receivables | $5.2M | $6.7M | $4.8M | $4.6M |
| Prepaid expenses and other assets, net | $11.8M | $14.5M | $13.4M | $16.0M |
| Goodwill | $1.5M | $1.5M | $1.5M | $1.5M |
| Deferred rent receivable | $5.4M | $2.6M | $1.5M | $1.2M |
| Lease intangible assets, net | $16.4M | $12.6M | $14.2M | $15.7M |
| Total Assets | $759.1M | $646.8M | $567.3M | $501.3M |
| Term loans, net | $288.3M | $248.8M | $198.8M | $163.8M |
| Revolving credit facility | $39.0M | $14.0M | $9.0M | $0 |
| Secured borrowings, net | $33.8M | $33.9M | $32.8M | $32.9M |
| Accounts payable, accrued expenses and other, net | $18.6M | $16.4M | $12.0M | $9.1M |
| Below market leases, net | $19.8M | $16.2M | $13.1M | $11.8M |
| Total Liabilities | $399.5M | $329.3M | $265.7M | $217.6M |
| Common stock, value issued | $268.0K | $235.0K | $219.0K | $195.0K |
| Additional paid-in capital | $358.0M | $310.0M | $287.3M | $254.1M |
| Accumulated other comprehensive income | $954.0K | $5.2M | $4.6M | $7.5M |
| Accumulated deficit | ($74.0M) | ($64.2M) | ($48.5M) | ($32.6M) |
| Total Stockholders’ Equity | $285.2M | $251.3M | $243.6M | $229.2M |
| Operating partnership unitholders’ non-controlling interests | $74.4M | $66.2M | $58.1M | $54.5M |
| Total Equity | $359.6M | $317.5M | $301.6M | $283.7M |
| Total Liabilities and Equity | $759.1M | $646.8M | $567.3M | $501.3M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Land | $186.5M | $171.9M | $157.7M | $140.8M |
| Building and improvements | $661.5M | $630.9M | $581.0M | $554.6M |
| Tenant improvements | $9.1M | $8.9M | $8.5M | $7.9M |
| Total real estate properties, at cost | $857.0M | $811.7M | $747.2M | $703.3M |
| Less: Accumulated depreciation | ($84.1M) | ($79.4M) | ($70.3M) | ($66.0M) |
| Total real estate properties, net | $772.9M | $732.3M | $676.9M | $637.3M |
| Investment in financing leases, net | $15.8M | $15.8M | $15.9M | $15.9M |
| Total real estate investments, net | $788.7M | $748.2M | $692.8M | $653.2M |
| Cash | $1.8M | $1.3M | $1.9M | $1.1M |
| Escrow and reserves | $961.0K | $1.5M | $437.0K | $1.0M |
| Rent and other receivables | $5.9M | $4.5M | $6.9M | $5.2M |
| Prepaid expenses and other assets, net | $10.9M | $11.8M | $11.6M | $9.8M |
| Goodwill | $1.5M | $1.5M | $1.5M | $1.5M |
| Deferred rent receivable | $8.0M | $6.4M | $4.6M | $3.9M |
| Lease intangible assets, net | $18.4M | $17.3M | $14.5M | $13.1M |
| Assets held for sale, net | $415.0K | — | $637.0K | $637.0K |
| Total Assets | $836.6M | $792.5M | $735.2M | $689.8M |
| Term loans, net | $303.6M | $303.4M | $288.2M | $249.0M |
| Revolving credit facility | $45.0M | $49.0M | $25.0M | $46.0M |
| Secured borrowings, net | $33.6M | $33.7M | $33.8M | $33.8M |
| Accounts payable, accrued expenses and other, net | $15.6M | $15.1M | $19.8M | $17.4M |
| Below market leases, net | $21.5M | $20.8M | $19.9M | $19.1M |
| Total Liabilities | $419.3M | $422.1M | $386.7M | $365.3M |
| Common stock, value, issued | $302.0K | $277.0K | $259.0K | $242.0K |
| Additional paid-in capital | $410.5M | $367.2M | $344.6M | $318.9M |
| Accumulated other comprehensive income | $2.8M | $1.9M | $1.3M | $1.7M |
| Accumulated deficit | ($78.9M) | ($77.2M) | ($72.3M) | ($70.1M) |
| Total Stockholders’ Equity | $334.6M | $292.2M | $273.9M | $250.8M |
| Operating partnership unitholders’ non-controlling interests | $82.7M | $78.3M | $74.5M | $73.8M |
| Total Equity | $417.3M | $370.5M | $348.5M | $324.6M |
| Total Liabilities and Equity | $836.6M | $792.5M | $735.2M | $689.8M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $18.1M | $8.3M | $4.6M | $4.7M |
| Depreciation and amortization | $24.0M | $22.2M | $19.7M | $17.7M |
| Write-off and amortization of deferred financing costs and debt discounts | $869.0K | $748.0K | $686.0K | $596.0K |
| Amortization of above/below market leases | ($3.3M) | ($2.9M) | ($2.4M) | ($2.2M) |
| Amortization of intangible liability | ($287.0K) | ($258.0K) | ($140.0K) | ($91.0K) |
| Casualty and impairment losses | $1.0M | — | — | — |
| Loss (gain) on sale of real estate assets | $49.0K | ($2.4M) | — | — |
| Insurance recovery on casualty losses | ($1.7M) | ($55.0K) | $654.0K | — |
| Equity based compensation | $6.3M | $6.4M | $5.8M | $4.7M |
| Other | $248.0K | $5.0K | $47.0K | $47.0K |
| Loss on early extinguishment of debt | $63.0K | — | — | $0 |
| Deferred rent receivable | ($2.7M) | ($1.1M) | ($348.0K) | ($529.0K) |
| Rent and other receivables | $1.6M | ($1.8M) | $128.0K | ($358.0K) |
| Prepaid expenses and other assets | ($813.0K) | $67.0K | ($501.0K) | ($95.0K) |
| Accounts payable, accrued expenses and other | $1.1M | $3.9M | $1.5M | $852.0K |
| Net cash provided by operating activities | $44.5M | $33.5M | $28.4M | $24.6M |
| Acquisition of real estate | ($119.4M) | ($82.0M) | ($70.2M) | ($116.2M) |
| Proceeds from sale of real estate assets | $1.4M | $6.0M | — | — |
| Escrows for acquisition and construction deposits | ($277.0K) | ($307.0K) | ($103.0K) | ($273.0K) |
| Insurance proceeds related to property damage claims | $1.7M | $55.0K | $654.0K | $843.0K |
| Capital improvements | ($6.9M) | ($2.8M) | ($2.9M) | ($3.7M) |
| Other investing activities | ($135.0K) | ($77.0K) | ($68.0K) | ($808.0K) |
| Net cash used in investing activities | ($123.7M) | ($79.1M) | ($72.6M) | ($120.1M) |
| Repayments of secured borrowings | ($118.0K) | ($112.0K) | ($106.0K) | ($100.0K) |
| Proceeds from term loans | $40.0M | $50.0M | $35.0M | $115.0M |
| Proceeds from revolving credit facility | $127.0M | $71.0M | $62.0M | $115.0M |
| Repayments of revolving credit facility | ($102.0M) | ($66.0M) | ($53.0M) | ($128.0M) |
| Net proceeds from issuance of shares | 47.1M | 19.3M | 26.7M | 11.4M |
| Debt issuance costs | ($2.3M) | ($366.0K) | ($266.0K) | ($811.0K) |
| Proceeds from issuance of ESPP shares | 171.0K | 163.0K | 183.0K | 185.0K |
| Shares withheld for payment of taxes on restricted share vesting | -348.0K | -700.0K | -467.0K | -383.0K |
| Distributions and dividends | ($30.8M) | ($28.0M) | ($24.4M) | ($21.6M) |
| Net cash provided by financing activities | $78.7M | $45.3M | $45.0M | $90.6M |
| Net decrease in Cash and Escrows and Reserves | ($446.0K) | ($324.0K) | $825.0K | ($5.0M) |
| Cash and Escrows and Reserves at the beginning of year | $2.5M | $2.9M | $2.0M | $7.0M |
| Cash and Escrow and Reserves at the end of year | $2.1M | $2.5M | $2.9M | $2.0M |
| Operating partnership units issued for property acquisitions | $6.7M | $9.4M | $9.6M | $9.4M |
| Unrealized (loss) gain on derivative instruments, net | ($5.5M) | $735.0K | ($3.5M) | $8.2M |
| Reallocation of non-controlling interest | $3.6M | $407.0K | $3.4M | $1.7M |
| Reclassification of acquisition deposits included in prepaid expenses and other assets | $322.0K | $188.0K | $210.0K | $696.0K |
| Accrued capital expenditures included in accounts payable and accrued expenses | $396.0K | $235.0K | $348.0K | $231.0K |
| Reclassification of construction deposits included in prepaid expenses and other assets | $56.0K | — | — | — |
| Accrued costs of capital included in accounts payable and accrued expenses | $53.0K | $0 | $130.0K | $107.0K |
| Right of use assets, net | $119.0K | $1.3M | $169.0K | $131.0K |
| Shares issued upon redemption of operating partnership units | 2.0M | 862.0K | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $11.2M | $4.8M | $12.2M | $7.3M |
| Depreciation and amortization | $13.1M | $6.4M | $17.6M | $11.5M |
| Write-off and amortization of deferred financing fees and debt discounts | $531.0K | $253.0K | $637.0K | $422.0K |
| Amortization of above/below market leases | ($1.7M) | ($834.0K) | ($2.5M) | ($1.6M) |
| Amortization of intangible liability | ($123.0K) | ($62.0K) | ($224.0K) | ($161.0K) |
| Casualty and impairment losses | $95.0K | $27.0K | $731.0K | $707.0K |
| (Gain) loss on sale of real estate assets | ($30.0K) | $0 | $49.0K | $49.0K |
| Gain on insurance proceeds received for damage due to property | ($157.0K) | ($157.0K) | ($837.0K) | ($842.0K) |
| Equity based compensation | $4.4M | $2.6M | $4.8M | $3.9M |
| Deferred rent receivable | ($2.6M) | ($980.0K) | ($2.0M) | ($1.2M) |
| Other | ($6.0K) | ($3.0K) | $250.0K | ($10.0K) |
| Rent and other receivables | ($312.0K) | $729.0K | ($237.0K) | $1.5M |
| Prepaid expenses and other assets | $2.8M | $1.2M | $425.0K | $1.4M |
| Accounts payable, accrued expenses and other | ($2.3M) | ($3.0M) | $2.1M | ($774.0K) |
| Net cash provided by operating activities | $25.0M | $10.9M | $33.2M | $22.2M |
| Acquisition of real estate | ($81.1M) | ($34.6M) | ($89.6M) | ($46.9M) |
| Proceeds from sale of real estate assets | $50.0K | $0 | $825.0K | $825.0K |
| Escrows for acquisition deposits | ($216.0K) | ($240.0K) | ($364.0K) | ($349.0K) |
| Capital improvements | ($2.0M) | ($1.1M) | ($5.2M) | ($3.0M) |
| Insurance proceeds related to property damage claims | $157.0K | $157.0K | $837.0K | $842.0K |
| Other investing activities, net | ($114.0K) | ($19.0K) | ($344.0K) | ($140.0K) |
| Net cash used in investing activities | ($83.2M) | ($35.8M) | ($93.8M) | ($48.7M) |
| Repayments of secured borrowings | ($279.0K) | ($112.0K) | ($113.0K) | ($109.0K) |
| Proceeds from term loans | $15.0M | $15.0M | $40.0M | — |
| Proceeds from revolving credit facility | $68.0M | $30.0M | $93.0M | $55.0M |
| Repayments of revolving credit facility | ($62.0M) | ($20.0M) | ($82.0M) | ($23.0M) |
| Net proceeds from issuance of shares | 57.4M | 11.3M | 34.8M | 9.5M |
| Debt issuance costs | ($648.0K) | ($648.0K) | ($2.3M) | ($5.0K) |
| Proceeds from issuance of ESPP shares | 68.0K | 68.0K | 171.0K | 61.0K |
| Repurchase of common stock for tax withholding obligations | ($940.0K) | ($940.0K) | ($348.0K) | ($331.0K) |
| Dividends and distributions | ($17.4M) | ($8.8M) | ($22.7M) | ($14.9M) |
| Other financing activities | ($263.0K) | ($263.0K) | ($194.0K) | ($167.0K) |
| Net cash provided by financing activities | $58.9M | $25.6M | $60.4M | $26.0M |
| Net increase (decrease) in Cash and Escrows and Reserves | $699.0K | $693.0K | ($204.0K) | ($456.0K) |
| Cash and Escrows and Reserves at the beginning of period | $2.1M | $2.1M | $2.5M | $2.5M |
| Cash and Escrow and Reserves at the end of period | $2.8M | $2.8M | $2.3M | $2.1M |
| Operating partnership units issued for property acquisitions | $743.0K | $743.0K | $6.7M | $6.0M |
| Unrealized gain (loss) on derivative instruments, net | $2.3M | $1.2M | ($5.0M) | ($4.5M) |
| Reallocation of non-controlling interest | $5.7M | $2.1M | $2.4M | $2.0M |
| Reclassification of acquisition deposits included in prepaid expenses and other assets | $276.0K | $263.0K | $322.0K | $312.0K |
| Accrued capital expenditures included in accounts payable and accrued expenses | $307.0K | $496.0K | $665.0K | $902.0K |
| Reclassification of acquisition related costs included in prepaid expenses and other assets | $150.0K | $93.0K | — | — |
| Reclassification of construction deposits included in prepaid expenses and other assets | $77.0K | $77.0K | $56.0K | $38.0K |
| Accrued costs of capital included in accounts payable and accrued expenses | $120.0K | $76.0K | $52.0K | $131.0K |
| Accrued deferred financing and other costs included in accounts payable and accrued expenses | $186.0K | — | — | — |
Postal Realty Trust Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.