Skip to main content

Postal Realty Enhances Capital Structure with Credit Facility Recast

– Extends and Expands Aggregate Unsecured Credit Facilities to $615 Million –

– Achieves 30 Basis Point Improvement in Facility Pricing –

CEDARHURST, N.Y., July 06, 2026 (GLOBE NEWSWIRE) — Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 2,300 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last-mile post offices to industrial facilities, today announced enhancements to its revolving credit facility.

Credit Facility Enhancements

Effective July 2, 2026, the company closed on a recast and expanded revolving credit facility (the “Facility”), which includes $615 million of available borrowings and a $335 million accordion feature. In addition to generating $60 million in additional commitments, the recast achieves a 30 basis point improvement in pricing, incorporates a Moody’s, S&P, and Fitch investment grade pricing grid, extends the Facility’s weighted average maturity by approximately one year, and provides additional financial and operational flexibility.

“The recast further strengthens Postal Realty’s financial position, building upon the BBB investment grade rating we received from KBRA in February” said Steve Bakke, Postal Realty’s Chief Financial Officer. “We are grateful to our bank group for their support.”

The Facility consists of a $275 million revolver maturing in November 2030 bearing interest at SOFR plus 1.15% to 1.55%, a $90 million term loan maturing in February 2028 of which $75 million bears an effective annual rate of 4.94% per year and $15 million bears a rate of SOFR plus 1.10% to 1.50% per year, a $100 million term loan maturing in February 2029 at an effective annual rate of 4.14% per year, and a $150 million term loan maturing in January 2031 at an effective annual rate of 3.86% per year. As of June 30, 2026, the Company had a Class A common share count of 30.1 million and fully diluted share count of 38.3 million shares.

Revolving Credit Facility Summary
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
 PriorFixed RateCurrentFixed Rate 
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Revolver     
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
SpreadSOFR + 150 to 200 bps SOFR + 115 to 155 bps  
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Capacity$250 million $275 million  
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Accordion$50 million $175 million  
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Term Loans     
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
SpreadSOFR + 145 to 195 bps SOFR + 110 to 150 bps  
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
2028 Term Loan1$190 million4.78%$90 million4.94% 
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
2029 Term Loan $100 million4.14% 
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
2030 Term Loan$115 million3.81%  
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
2031 Term Loan $150 million3.86% 
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Accordion$85 million $160 million  
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Total Term Loans2$305 million $340 million  
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
Total Facility2$555 million $615 million  
 
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      


1
Rate is inclusive of fixed rate portion only. $15 million remains outstanding at a floating rate.
2Totals exclude accordion capacity.

Truist Bank is acting as administrative agent and Truist Securities, Inc., M&T Bank, JPMorgan Chase Bank, N.A., The Bank of Nova Scotia and Mizuho Bank Ltd. are joint lead arrangers and joint book runners. M&T Bank, JPMorgan Chase Bank, N.A., and Mizuho Bank Ltd. are acting as co-syndication agents, and The Bank of Nova Scotia is acting as documentation agent.

Forward-Looking and Cautionary Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements identified by words such as “could,” “may,” “might,” “will,” “should,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements, including, among others, statements regarding the Company’s anticipated growth and the Company’s ability to obtain financing and close on pending transactions on the terms or timing it expects, if at all, are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the availability of postal properties meeting the Company’s investment criteria, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual plans and operating results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual plans and operating results to differ materially from those in the forward-looking statements include the USPS’s terminations or non-renewals of leases; changes in demand for postal services delivered by the USPS; the solvency and financial health of the USPS; competitive, financial market and regulatory conditions; disruption in general real estate market conditions; the Company’s competitive environment; the Company’s continuing ability to qualify as a REIT; changes in the availability of acquisition opportunities; changes in the Company’s ability to successfully complete real estate acquisitions on the terms and timing it expects; and other risks and factors in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including those set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent quarterly reports filed with the SEC. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,300 properties leased primarily to the USPS. More information is available at postalrealtytrust.com.

Contacts:

Steve Bakke
EVP and Chief Financial Officer
Email: Sbakke@postalrealty.com
Phone: (516) 734-0420

Jordan Cooperstein
Senior Vice President of Finance, Capital Markets
Email: Jcooperstein@postalrealty.com
Phone: (516) 295-7820

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.