Postal Realty Trust Inc. is a real estate investment trust (REIT) that focuses on acquiring and managing properties leased to the United States Postal Service (USPS). The company was founded in 2018 and is headquartered in Cedarhurst, New York. As a specialized REIT, Postal Realty Trust primarily targets properties that house USPS facilities, making it a unique player in the commercial real estate market. Postal Realty Trust is listed on the New York Stock Exchange (NYSE) under the ticker symbol "PSTL."
The company's main objective is to generate consistent and stable rental income by leasing its properties to the USPS under long-term, triple-net lease agreements. These leases typically require the USPS to cover operating expenses, property taxes, and insurance, which allows Postal Realty Trust to benefit from a predictable cash flow stream.
Postal Realty Trust owns a diversified portfolio of properties across the United States, including postal facilities, distribution centers, and other related infrastructure. Their properties are strategically located to serve various communities and support the USPS's nationwide mail and package delivery operations.
Overall, Postal Realty Trust plays a crucial role in supporting the USPS's mission to provide mail and package delivery services to millions of Americans. Through its specialized focus on USPS properties, the company continues to grow its portfolio and provide value to its shareholders in the commercial real estate sector.