AS THE ONLY PUBLICLY TRADED REAL ESTATE INVESTMENT TRUST FOCUSED ON PROPERTIES LEASED TO THE USPS, POSTAL REALTY TRUST (NYSE: PSTL) IS AT THE INTERSECTION OF REAL ESTATE AND CRITICAL LOGISTICS INFRASTRUCTURE. PSTL HAS THE SCALE, INDUSTRY KNOWLEDGE AND SEASONED TEAM TO CONSOLIDATE THIS HIGHLY FRAGMENTED ASSET CLASS AND DELIVER RELIABLE GROWTH TO SHAREHOLDERS. Singularly positioned to consolidate and institutionalize large fragmented market 4 ATTRACTIVE RETURN PROFILE – BASED ON PROVEN RESULTS | --- | --- | - ...

[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements for Q1 2023, covering balance sheets, operations, equity, and cash flows, with detailed notes Consolidated Balance Sheet Highlights (Unaudited) | Account | March 31, 2023 (in thousands) | December 31, 2022 (in thousands) | | :--- | :--- | :--- | | Total real estate investments, net | $474,386 | $459,864 | | **Total Assets** | **$510,866** | **$501,303** | | Total Liabilities | $233,100 | $217,592 | | Total Equity | $277,766 | $283,711 | | **Total Liabilities and Equity** | **$510,866** | **$501,303** | Consolidated Statements of Operations Highlights (Unaudited) | Account | Three Months Ended March 31, 2023 (in thousands) | Three Months Ended March 31, 2022 (in thousands) | | :--- | :--- | :--- | | Total revenues | $15,148 | $11,931 | | Total operating expenses | $12,603 | $10,872 | | Income from operations | $2,545 | $1,059 | | Net income | $433 | $721 | | Net income attributable to common stockholders | $348 | $595 | | Basic and Diluted EPS | $0.00 | $0.02 | Consolidated Statements of Cash Flows Highlights (Unaudited) | Cash Flow Activity | Three Months Ended March 31, 2023 (in thousands) | Three Months Ended March 31, 2022 (in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $7,715 | $6,620 | | Net cash used in investing activities | ($18,016) | ($27,689) | | Net cash provided by financing activities | $11,043 | $21,298 | - During the first quarter of 2023, the company acquired 39 properties for a total cost of approximately **$17.6 million**, which was primarily funded with borrowings under its Credit Facilities[66](index=66&type=chunk)[67](index=67&type=chunk) - As of March 31, 2023, the company owned a portfolio of **1,325 properties**, with its primary tenant being the United States Postal Service (USPS)[28](index=28&type=chunk) - Subsequent to the quarter's end, on April 24, 2023, the company declared a first-quarter dividend of **$0.2375 per share**, and as of May 3, 2023, acquired **seven more properties** for approximately **$4.5 million**[134](index=134&type=chunk)[136](index=136&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=30&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's Q1 2023 financial condition and results, covering business strategy, portfolio growth, revenue and expense trends, liquidity, and capital resources, highlighting debt-funded growth and lease negotiations [Overview](index=31&type=section&id=Overview) The company, an internally managed REIT, focuses on USPS-leased properties, with a portfolio of **1,325 properties** as of March 31, 2023, acquiring **39 properties** for **$17.6 million** in Q1 2023 - As of March 31, 2023, the company's portfolio comprised **1,325 owned properties**, spanning approximately **5.5 million net leasable interior square feet** across 49 states and one territory[144](index=144&type=chunk) - In Q1 2023, the company acquired **39 properties** leased to the USPS for approximately **$17.6 million**, including closing costs[144](index=144&type=chunk) - The company is dependent on the USPS's financial and operational stability, which faces various challenges that could impact the company's business[153](index=153&type=chunk) [Results of Operations](index=35&type=section&id=Results%20of%20Operations) Q1 2023 total revenues increased **27.0%** to **$15.1 million** due to acquisitions, but net income decreased **39.9%** to **$0.4 million**, primarily due to a **171.5%** rise in net interest expense to **$2.2 million** Comparison of Operations for the Three Months Ended March 31 (in thousands) | Metric | 2023 | 2022 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Rental income | $14,499 | $11,349 | $3,150 | 27.8% | | Total revenues | $15,148 | $11,931 | $3,217 | 27.0% | | Income from operations | $2,545 | $1,059 | $1,486 | 140.3% | | Total interest expense, net | ($2,210) | ($814) | ($1,396) | 171.5% | | Net income | $433 | $721 | ($288) | (39.9)% | - The increase in rental income was primarily due to the volume of property acquisitions[168](index=168&type=chunk) - The increase in interest expense was primarily related to higher borrowings under the Credit Facilities to finance acquisitions and increased interest rates[175](index=175&type=chunk) [Liquidity and Capital Resources](index=37&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity stems from operations, credit facilities, and equity, with **$2.1 million** cash and **$182.0 million** outstanding credit facilities, and **$215.0 million** total debt, partially hedged by interest rate swaps - As of March 31, 2023, the company had approximately **$2.1 million of cash** and **$0.7 million of escrows and reserves**[180](index=180&type=chunk) Consolidated Indebtedness as of March 31, 2023 (in thousands) | Debt Instrument | Outstanding Balance | Interest Rate | Maturity Date | | :--- | :--- | :--- | :--- | | Revolving Credit Facility | $17,000 | SOFR+148 bps | January 2026 | | 2021 Term Loan | $50,000 | SOFR+143 bps | January 2027 | | 2022 Term Loan | $115,000 | SOFR+143 bps | February 2028 | | Secured Borrowings | $33,000 | Various (2.80% - 6.00%) | Various | | **Total Principal** | **$215,000** | | | - The company uses **five interest rate swaps** with a total notional amount of **$165.0 million** to manage interest rate risk and fix the SOFR component on its term loans[184](index=184&type=chunk) [Lease Renewal](index=34&type=section&id=Lease%20Renewal) As of May 3, 2023, **110 properties** were on USPS holdover, with the company negotiating renewals and filing PSBCA claims for market rent, and a letter of intent agreed for **86 properties** - As of May 3, 2023, leases at **110 properties** were expired, with the USPS occupying them as a holdover tenant[163](index=163&type=chunk) - The company has filed claims with the USPS and appealed to the PSBCA regarding market rent for the expired leases, with a letter of intent on preliminary terms agreed upon for **86 properties** as of the report date[164](index=164&type=chunk)[165](index=165&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=41&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risk is interest rate risk on its **$215.0 million** variable-rate debt, with **$165.0 million** hedged by swaps, leaving **$17.0 million** exposed, where a **1.0%** SOFR change impacts cash flows by **$0.2 million** - As of March 31, 2023, total indebtedness was approximately **$215.0 million**[199](index=199&type=chunk) - The company has used **Interest Rate Swaps** to effectively fix the interest rate on its **$165.0 million** in Term Loans, significantly reducing its exposure to variable interest rate changes[199](index=199&type=chunk) - After accounting for hedges, approximately **$17.0 million** of indebtedness was variable-rate, where a **1.0% change** in the one-month Adjusted Term SOFR would result in an approximate **$0.2 million change** in annualized cash flows[199](index=199&type=chunk) [Controls and Procedures](index=41&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2023, with no material changes to internal control over financial reporting during the quarter - Management concluded that the company's disclosure controls and procedures were **effective** as of the end of the period covered by the report[202](index=202&type=chunk) - There were **no changes** in internal control over financial reporting during the most recent fiscal quarter that materially affected, or are reasonably likely to materially affect, internal controls[203](index=203&type=chunk) [PART II. OTHER INFORMATION](index=42&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=42&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to materially affect its financial position or operations - Management does **not believe any current litigation will materially affect** the company's financial position or operations[205](index=205&type=chunk) [Risk Factors](index=42&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for FY2022 - There have been **no material changes** from the risk factors disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2022[206](index=206&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=42&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period - None[207](index=207&type=chunk) [Other Information](index=42&type=section&id=Item%205.%20Other%20Information) The company reported no other information for the period - None[210](index=210&type=chunk) [Exhibits](index=43&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL financial statements - The exhibits filed with the report include **CEO and CFO certifications** pursuant to Sarbanes-Oxley Act Sections 302 and 906, as well as **XBRL interactive data files**[212](index=212&type=chunk)

Postal Realty Trust, Inc. (NYSE:PSTL) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Company Participants Jordan Cooperstein - Vice President, Financial Planning and Analysis and Capital Markets Andrew Spodek - Chief Executive Officer Jeremy Garber - President Robert Klein - Chief Financial Officer Matt Brandwein - Chief Accounting Officer Conference Call Participants Rob Stevenson - Janney Eric Borden - BMO Capital Markets Michael Gorman - BTIG Jon Petersen - Jefferies Operator Greetings. And welc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents For the transition period from _________ to _________ Commission file no: 001-38903 POSTAL REALTY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 83-2586114 (S ...

Postal Realty Trust, Inc. (NYSE:PSTL) Q4 2022 Earnings Conference Call March 2, 2023 8:30 AM ET Company Participants Jordan Cooperstein - Investor Relations Andrew Spodek - Chief Executive Officer Jeremy Garber - President Robert Klein - Chief Financial Officer Matt Brandwein - Chief Accounting Officer Conference Call Participants Rob Stevenson - Janney Montgomery Scott Eric Borden - BMO Capital Markets Anthony Paolone - JPMorgan Barry Oxford - Colliers Jon Petersen - Jefferies Operator Greetings and welcom ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Maryland | 83-2586114 | | --- | --- | | (State or other jurisdiction of | (IRS Employer | | incorporation or organization) | Identification No.) | 75 Columbia Avenue Cedarhurst ...

Postal Realty Trust, Inc. (NYSE:PSTL) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Jordan Cooperstein - Vice President FP&A, Capital Markets Andrew Spodek - Chief Executive Officer Jeremy Garber - President Robert Klein - Chief Financial Officer Conference Call Participants Rob Stevenson - Janney Tony Paolone - J.P. Morgan John Kim - BMO Barry Oxford - Colliers Jon Petersen - Jefferies Operator Greetings and welcome to Postal Realty Trust Third Quarter of 2022 Earnings C ...

【 】【 POSTAL REALTY TRUST, INC. NYSE: PSTL Q3 2022 Supplemental Forward-Looking Cautionary Statements 48 49 146 192 0 0 167 167 168 80 80 82 217 119 109 0 76 84 151 152 200 110 2 5 0 151 159 This presentation regarding Postal Realty Trust, Inc. (the "Company") contains "forward-looking statements." Forward-looking statements include statements identified by words such as "could," "may," "might," "will," "likely," "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," "continues," "pr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-38903 POSTAL REALTY TRUST, INC. (Exact name of registrant as specified in its charter) | Maryland | 8 ...

Postal Realty Trust, Inc. (NYSE:PSTL) Q2 Results Conference Call August 3, 2022 8:30 AM ET Company Participants Jordan Cooperstein - VP of FP&A, Capital Markets Andrew Spodek - CEO Jeremy Garber - President Robert Klein - CFO Matt Brandwein - CAO Conference Call Participants Robert Stevenson - Janney Montgomery Scott, LLC John Peterson - Jefferies Operator Greetings and welcome to the Postal Realty Trust Inc., Second Quarter 2022 Earnings Call. At this time all participants are in a listen-only mode. [Opera ...