Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 2,300 properties leased primarily to ...
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Est. EPS $0.67 · Revenue $108.78M · 4 analysts
Est. EPS $0.75 · Revenue $123.20M · 4 analysts
Est. EPS $0.21 · Revenue $31.26M · 2 analysts
Est. EPS $0.20 · Revenue $31.72M · 2 analysts
$0.98 per share
$0.98 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $95.8M | +25.5% | +6.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $14.1M | +114.5% | +67.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +88.2% | +17.3% | +187.6% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +35.8% | +29.2% | +14.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +14.8% | +71.0% | +56.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $37.6M | +22.3% | +33.8% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +39.2% | -2.6% | +25.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 141.9% | +20.2% | -25.6% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 10.72x | +2655.5% | -91.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $759.1M | +17.4% | +5.6% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.47 vs 0.52 | -9.3% | 0.15 vs 0.21 | -28.6% |
| Revenue Surprise | $95.8M vs $88.6M | +8.1% | $28.6M vs $31.3M | -8.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 2, 2026 | Gural-Senders Jane | director | LTIP Units | A | 3,198 | — |
| Jun 2, 2026 | Gural-Senders Jane | director | LTIP Units | A | 3,070 | — |
| Jun 2, 2026 | FEINGOLD ANTON | director | LTIP Units | A | 3,198 | — |
| Jun 2, 2026 | FEINGOLD ANTON | director | LTIP Units | A | 4,093 | — |
| Jun 2, 2026 | Donahoe Patrick R | director | LTIP Units | A | 3,198 | — |
Operator: Greetings, and welcome to the Postal Realty Trust's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. Jordan Cooperstein, Senior Vice President of Finance and Capital Markets. Welcome, Jordan. Jordan Cooperstein: Thank you, and good morning, everyone. Welcome to Postal Realty Trust's Second Quarter 2026 Earnings Conference Call. On the call today, we have Andrew Spodek, Chief Executive Officer; Jeremy Garber, President; Steve Bakke, Chief Financial Officer; and Matt Brandwein, Chief Accounting Officer. Please note the company may use forward-looking statements on this conference call, which are statements that are not historical facts and are considered forward-looking. These forward-looking statements are covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond the company's control, including, but not limited to, those contained in the company's latest 10-K and 10-Q and its other regulatory filings with the SEC. The company does not assume and specifically disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, on this conference call, the company may refer to certain non-GAAP financial measures, such as funds from operations, adjusted funds from operations, adjusted EBITDA, pro forma adjusted EBITDA, pro forma annualized adjusted EBITDA, net debt, adjusted net debt, portfolio occupancy, same-store cash NOI, same-store cash revenue, and pro forma adjusted net debt. You can find the definitions and, to the extent available, tabular reconciliations of these non-GAAP financial measures to the most currently comparable GAAP measures in the company's earnings release and supplemental materials. With that, I will now turn the call over to Andrew Spodek, Chief Executive Officer of Postal Realty Trust. Andrew Spodek: Good morning, and thank you for joining us today. In the second quarter, we experienced strong momentum as we closed $45 million of acquisitions at a 7.3% weighted average cash cap rate. This was the highest volume quarter since June 2022. Our current improved access to capital allows us to expand the breadth of acquisition targets, including larger assets and portfolios that have strong postal specs and attractive growth profiles while maintaining a very attractive spread. A recent acquisition in San Diego is a perfect illustration. We acquired a $9.6 million facility located west of Interstate 805, locking in an attractive basis for a below-market lease with meaningful growth potential in Coastal California. Our disciplined approach to acquiring properties has not …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Jeremy Garber | President, Treasurer & Secretary | USD 454,986 | Male | 1970 | Active |
Stephen Bakke | Executive Vice President, Chief Financial Officer & Principal Financial Officer | USD 294,428 | Male | 1985 | Active |
Andrew Spodek | Chief Executive Officer & Director | USD 58,346 | Male | 1976 | Active |
David Loss | Executive Vice President & Chief Operating Officer | — | Male | — | Active |
Isaac Richter | Executive Vice President & Head of Asset Management | — | Male | 1983 | Active |
Jordan Cooperstein | Vice President of FP&A and Capital Markets | — | Male | — | Active |
Matthew H. Brandwein | Executive Vice President & Chief Accounting Officer | — | Male | 1976 | Active |
Raphael Harel | Senior Vice President of Acquisitions | — | Male | 1988 | Active |
Andrea Gritser | Vice President & Corporate Controller | — | Female | 1983 | Active |
Carrie Herz | Senior Vice President & Corporate Counsel | — | Female | 1981 | Active |
Postal Realty Trust NYSE: PSTL raised its 2026 acquisition and adjusted funds from operations, or AFFO, guidance after reporting increased transaction activity, continued leasing progress and lower borrowing costs during the second quarter.
Postal Realty Trust, Inc. remains a Buy, offering unique USPS-leased property exposure and robust AFFO growth with a sustainable ~4.24% dividend yield. Postal Realty delivered a strong Q2, raising AFFO guidance to $1.41–$1.43 per share and increasing 2026 acquisition targets, supported by a solid 99.8% occupancy rate on its owned portfolio. The balance sheet is healthy with 4.6x net debt/EBITDA, expanded credit facilities, and a $205M undrawn revolver, enabling continued acquisition-driven growth.
Postal Realty Trust, Inc. (PSTL) Q2 2026 Earnings Call Transcript
Although the revenue and EPS for Postal Realty Trust (PSTL) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Postal Realty Trust (PSTL) came out with quarterly funds from operations (FFO) of $0.36 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.33 per share a year ago.
