Postal Realty Trust (PSTL) Investor presentation summary

Portfolio overview

• Owns 2,014 USPS-leased properties across last-mile, flex, and industrial asset classes in 49 states and Puerto Rico, totaling 7.5 million interior sq. ft. and 44 million+ site sq. ft.

• Portfolio is 99.8% occupied with a weighted average lease term of 6.4 years and annualized base rent of $92.8 million as of June 30, 2026.

• Asset base has grown ~1,219% since IPO, with a 6.2% AFFO per share CAGR (2021–2026E).

Tenant and lease stability

• Leases are backed by the U.S. Postal Service, a federal government-supported tenant with a 99.6% weighted average lease retention rate over the past 10 years.

• Lease expirations are staggered, with 28% of ABR marked to market between 2027–2030, and new leases include 10-year terms and annual escalations.

Growth strategy and performance

• Growth driven by both internal (rent escalations, efficiency gains) and external (acquisitions) strategies, with $750M+ in real estate acquired over seven years at a 7.4% cap rate in 2026 YTD.

• Five-year average same-store cash NOI growth of 5.5%, outperforming peers.

• 2026 shareholder return guidance projects 11.9% total return, including a 4.3% dividend yield.