Portfolio

A vital component of America's logistics infrastructure

We are proud to own postal properties across the nation that support America’s critical logistics network, including last-mile, flex and industrial buildings. With the continued growth of e-commerce, the USPS’s unmatched network will remain indispensable. As the largest owner of properties leased to the USPS, Postal Realty Trust has the experience, scale and passion for the industry to continue consolidating this highly fragmented market, which we estimate to be around $15B in size.

Large, Growing, Diverse Portfolio

Properties

1,517

Total Interior
Sq. Ft.

5.9MM

Annualized
Base Rent

$55.3MM

Last-Mile¹

22.2%

Flex¹

50.9%

Industrial¹

26.9%


As of February 23, 2024

Note: Figures for PSTL’s owned portfolio.
1) Figures for PSTL’s owned and occupied USPS properties.

Geographically Diverse Portfolio

Select state for specific details.

Alaska

Annualized Base Rent
$46,772
Percent Total Base Rent
0.1%
Properties
1
Interior Square Feet
2,820

Diversification by Property Type

Last-Mile
Flex
100.0%
Industrial

Alabama

Annualized Base Rent
$1,966,934
Percent Total Base Rent
3.6%
Properties
30
Interior Square Feet
288,427

Diversification by Property Type

Last-Mile
5.8%
Flex
32.4%
Industrial
61.8%

Arkansas

Annualized Base Rent
$805,833
Percent Total Base Rent
1.5%
Properties
32
Interior Square Feet
82,139

Diversification by Property Type

Last-Mile
36.2%
Flex
63.8%
Industrial

Arizona

Annualized Base Rent
$692,434
Percent Total Base Rent
1.3%
Properties
12
Interior Square Feet
39,469

Diversification by Property Type

Last-Mile
22.5%
Flex
77.5%
Industrial

California

Annualized Base Rent
$2,942,469
Percent Total Base Rent
5.3%
Properties
33
Interior Square Feet
203,323

Diversification by Property Type

Last-Mile
5.7%
Flex
94.3%
Industrial

Colorado

Annualized Base Rent
$1,385,150
Percent Total Base Rent
2.5%
Properties
21
Interior Square Feet
86,271

Diversification by Property Type

Last-Mile
7.7%
Flex
92.3%
Industrial

Connecticut

Annualized Base Rent
$603,240
Percent Total Base Rent
1.1%
Properties
8
Interior Square Feet
38,926

Diversification by Property Type

Last-Mile
2.1%
Flex
97.9%
Industrial

Delaware

Annualized Base Rent
$99,402
Percent Total Base Rent
0.2%
Properties
3
Interior Square Feet
6,339

Diversification by Property Type

Last-Mile
51.7%
Flex
48.3%
Industrial

Florida

Annualized Base Rent
$1,624,745
Percent Total Base Rent
2.9%
Properties
28
Interior Square Feet
150,917

Diversification by Property Type

Last-Mile
9.5%
Flex
90.5%
Industrial

Georgia

Annualized Base Rent
$914,407
Percent Total Base Rent
1.7%
Properties
31
Interior Square Feet
78,289

Diversification by Property Type

Last-Mile
39.1%
Flex
60.9%
Industrial

Hawaii

Annualized Base Rent
$281,251
Percent Total Base Rent
0.5%
Properties
1
Interior Square Feet
9,705

Diversification by Property Type

Last-Mile
Flex
100.0%
Industrial

Iowa

Annualized Base Rent
$802,443
Percent Total Base Rent
1.5%
Properties
35
Interior Square Feet
87,408

Diversification by Property Type

Last-Mile
37.2%
Flex
62.8%
Industrial

Idaho

Annualized Base Rent
$163,304
Percent Total Base Rent
0.3%
Properties
12
Interior Square Feet
18,514

Diversification by Property Type

Last-Mile
71.4%
Flex
28.6%
Industrial

Illinois

Annualized Base Rent
$1,447,240
Percent Total Base Rent
2.6%
Properties
77
Interior Square Feet
144,466

Diversification by Property Type

Last-Mile
60.6%
Flex
39.4%
Industrial

Indiana

Annualized Base Rent
$889,492
Percent Total Base Rent
1.6%
Properties
29
Interior Square Feet
87,102

Diversification by Property Type

Last-Mile
28.3%
Flex
71.7%
Industrial

Kansas

Annualized Base Rent
$1,461,002
Percent Total Base Rent
2.6%
Properties
31
Interior Square Feet
453,293

Diversification by Property Type

Last-Mile
5.9%
Flex
6.4%
Industrial
87.7%

Kentucky

Annualized Base Rent
$509,346
Percent Total Base Rent
0.9%
Properties
27
Interior Square Feet
45,953

Diversification by Property Type

Last-Mile
70.5%
Flex
29.5%
Industrial

Louisiana

Annualized Base Rent
$1,225,949
Percent Total Base Rent
2.2%
Properties
34
Interior Square Feet
111,941

Diversification by Property Type

Last-Mile
26.2%
Flex
73.8%
Industrial

Massachusetts

Annualized Base Rent
$1,639,647
Percent Total Base Rent
3.0%
Properties
20
Interior Square Feet
80,707

Diversification by Property Type

Last-Mile
10.7%
Flex
89.3%
Industrial

Maryland

Annualized Base Rent
$236,290
Percent Total Base Rent
0.4%
Properties
8
Interior Square Feet
17,422

Diversification by Property Type

Last-Mile
49.6%
Flex
50.4%
Industrial

Maine

Annualized Base Rent
$716,736
Percent Total Base Rent
1.3%
Properties
44
Interior Square Feet
58,860

Diversification by Property Type

Last-Mile
75.0%
Flex
25.0%
Industrial

Michigan

Annualized Base Rent
$1,783,077
Percent Total Base Rent
3.2%
Properties
59
Interior Square Feet
184,178

Diversification by Property Type

Last-Mile
33.6%
Flex
66.4%
Industrial

Minnesota

Annualized Base Rent
$1,461,955
Percent Total Base Rent
2.6%
Properties
63
Interior Square Feet
147,271

Diversification by Property Type

Last-Mile
43.6%
Flex
56.4%
Industrial

Missouri

Annualized Base Rent
$976,099
Percent Total Base Rent
1.8%
Properties
45
Interior Square Feet
104,280

Diversification by Property Type

Last-Mile
40.8%
Flex
59.2%
Industrial

Mississippi

Annualized Base Rent
$1,051,426
Percent Total Base Rent
1.9%
Properties
30
Interior Square Feet
91,317

Diversification by Property Type

Last-Mile
28.9%
Flex
71.1%
Industrial

Montana

Annualized Base Rent
$426,996
Percent Total Base Rent
0.8%
Properties
13
Interior Square Feet
35,623

Diversification by Property Type

Last-Mile
29.9%
Flex
70.1%
Industrial

North Carolina

Annualized Base Rent
$2,700,117
Percent Total Base Rent
4.9%
Properties
59
Interior Square Feet
234,330

Diversification by Property Type

Last-Mile
22.0%
Flex
78.0%
Industrial

North Dakota

Annualized Base Rent
$277,986
Percent Total Base Rent
0.5%
Properties
22
Interior Square Feet
27,447

Diversification by Property Type

Last-Mile
100.0%
Flex
Industrial

Nebraska

Annualized Base Rent
$408,554
Percent Total Base Rent
0.7%
Properties
31
Interior Square Feet
48,802

Diversification by Property Type

Last-Mile
60.4%
Flex
39.6%
Industrial

New Hampshire

Annualized Base Rent
$192,082
Percent Total Base Rent
0.3%
Properties
8
Interior Square Feet
11,523

Diversification by Property Type

Last-Mile
100.0%
Flex
Industrial

New Jersey

Annualized Base Rent
$436,085
Percent Total Base Rent
0.8%
Properties
9
Interior Square Feet
22,937

Diversification by Property Type

Last-Mile
40.0%
Flex
60.0%
Industrial

New Mexico

Annualized Base Rent
$292,634
Percent Total Base Rent
0.5%
Properties
8
Interior Square Feet
22,148

Diversification by Property Type

Last-Mile
25.0%
Flex
75.0%
Industrial

Nevada

Annualized Base Rent
$327,051
Percent Total Base Rent
0.6%
Properties
5
Interior Square Feet
18,216

Diversification by Property Type

Last-Mile
20.9%
Flex
79.1%
Industrial

New York

Annualized Base Rent
$2,178,113
Percent Total Base Rent
3.9%
Properties
58
Interior Square Feet
142,467

Diversification by Property Type

Last-Mile
41.7%
Flex
58.3%
Industrial

Ohio

Annualized Base Rent
$1,798,343
Percent Total Base Rent
3.3%
Properties
41
Interior Square Feet
174,923

Diversification by Property Type

Last-Mile
14.0%
Flex
86.0%
Industrial

Oklahoma

Annualized Base Rent
$1,449,145
Percent Total Base Rent
2.6%
Properties
60
Interior Square Feet
152,976

Diversification by Property Type

Last-Mile
37.3%
Flex
62.7%
Industrial

Oregon

Annualized Base Rent
$485,949
Percent Total Base Rent
0.9%
Properties
6
Interior Square Feet
26,664

Diversification by Property Type

Last-Mile
13.0%
Flex
87.0%
Industrial

Pennsylvania

Annualized Base Rent
$6,296,067
Percent Total Base Rent
11.4%
Properties
103
Interior Square Feet
732,249

Diversification by Property Type

Last-Mile
12.0%
Flex
29.2%
Industrial
58.8%

Puerto Rico

Annualized Base Rent
$41,675
Percent Total Base Rent
0.1%
Properties
1
Interior Square Feet
2,940

Diversification by Property Type

Last-Mile
Flex
100.0%
Industrial

Rhode Island

Annualized Base Rent
Percent Total Base Rent
Properties
Interior Square Feet

Diversification by Property Type

Last-Mile
Flex
Industrial

South Carolina

Annualized Base Rent
$879,539
Percent Total Base Rent
1.6%
Properties
26
Interior Square Feet
72,783

Diversification by Property Type

Last-Mile
22.4%
Flex
77.6%
Industrial

South Dakota

Annualized Base Rent
$377,653
Percent Total Base Rent
0.7%
Properties
24
Interior Square Feet
34,570

Diversification by Property Type

Last-Mile
78.4%
Flex
21.6%
Industrial

Tennessee

Annualized Base Rent
$1,228,199
Percent Total Base Rent
2.2%
Properties
28
Interior Square Feet
131,416

Diversification by Property Type

Last-Mile
19.3%
Flex
80.7%
Industrial

Texas

Annualized Base Rent
$2,784,327
Percent Total Base Rent
5.0%
Properties
97
Interior Square Feet
266,601

Diversification by Property Type

Last-Mile
25.1%
Flex
74.9%
Industrial

Utah

Annualized Base Rent
$197,073
Percent Total Base Rent
0.4%
Properties
4
Interior Square Feet
13,680

Diversification by Property Type

Last-Mile
7.8%
Flex
92.2%
Industrial

Virginia

Annualized Base Rent
$1,206,600
Percent Total Base Rent
2.2%
Properties
27
Interior Square Feet
101,845

Diversification by Property Type

Last-Mile
14.2%
Flex
85.8%
Industrial

Vermont

Annualized Base Rent
$601,173
Percent Total Base Rent
1.1%
Properties
21
Interior Square Feet
33,723

Diversification by Property Type

Last-Mile
60.3%
Flex
39.7%
Industrial

Washington

Annualized Base Rent
$230,846
Percent Total Base Rent
0.4%
Properties
9
Interior Square Feet
17,724

Diversification by Property Type

Last-Mile
52.4%
Flex
47.6%
Industrial

Wisconsin

Annualized Base Rent
$3,576,366
Percent Total Base Rent
6.5%
Properties
87
Interior Square Feet
833,782

Diversification by Property Type

Last-Mile
9.1%
Flex
21.9%
Industrial
69.0%

West Virginia

Annualized Base Rent
$901,821
Percent Total Base Rent
1.6%
Properties
45
Interior Square Feet
85,106

Diversification by Property Type

Last-Mile
42.0%
Flex
58.0%
Industrial

Wyoming

Annualized Base Rent
$245,939
Percent Total Base Rent
0.4%
Properties
9
Interior Square Feet
24,063

Diversification by Property Type

Last-Mile
30.4%
Flex
69.6%
Industrial

As of February 23, 2024
Figures for PSTL’s owned and occupied USPS properties.

Bishopville, South Carolina

Bishopville, South Carolina

Postal Realty Trust bought two properties from the seller’s portfolio of postal…
Gray, Louisiana

Gray, Louisiana

Postal Realty Trust worked collaboratively with the seller, the municipality and the USPS to…
Michigamme, Michigan

Michigamme, Michigan

Postal Realty Trust bought the main post office in Michigamme, MI, as part of a seven-building…
Pauline, Kansas

Pauline, Kansas

Postal Realty Trust purchased two buildings off-market from long-term owners. The two buildings…
Reedville, Virginia

Reedville, Virginia

Postal Realty Trust closed on the main post office in Reedville, VA, in under 45 days and was…
Warrendale, Pennsylvania

Warrendale, Pennsylvania

Postal Realty Trust won a competitive bid process after a widely marketed sales campaign for…

Dedicated Properties

In 1967, Congress passed the first law dedicating a postal facility in honor of an individual. Since then, post offices around the country have been dedicated to influential members of society. We are honored to count sixteen dedicated facilities among our portfolio.