# Postal Realty Trust, Inc. (PSTL)

> Source: Nexqual · https://nexqual.com/PSTL · data as of 2026-10-23 16:57 UTC · cite as "Nexqual, Postal Realty Trust, Inc. (PSTL), nexqual.com/PSTL" · informational, not investment advice.

**Price:** USD 21.81 (-0.27% today) · US market open, as of October 23, 2026 at 16:57 UTC; quotes may be delayed. Prev close 21.87 · day 21.69–22.32 · 52w 14.25–25.22 · market cap $868M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $106M, net income $17.3M (16.4% margin), free cash flow $41.4M (SEC filings).
- Valuation: P/E 50.1x (avg 50.5x at the last 3 fiscal year-ends), EV/EBITDA 19.1x, net debt $380M.
- Analysts: Buy (mean 1.86 on a 1–5 scale) (7 analysts), mean target USD 26.07 (range 24.5–30).
- Total return with dividends: 1Y +50.2% vs S&P 500 +14.6%; 5Y +52.3% vs S&P 500 +77.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.22, revenue estimate $28.7M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $39.9M | $53.3M | $63.7M | $76.4M | $95.8M | $106M |
| Operating income | $5.9M | $9.7M | $14.0M | $21.2M | $34.3M | $39.9M |
| Net income | $2.1M | $3.9M | $3.7M | $6.6M | $14.1M | $17.3M |
| EPS (diluted) | $0.10 | $0.15 | $0.12 | $0.21 | $0.47 | — |
| Free cash flow | $15.2M | $20.9M | $25.6M | $30.7M | $37.6M | $41.4M |
| Operating margin | 14.8% | 18.2% | 22.0% | 27.7% | 35.8% | 37.8% |
| Net margin | 5.1% | 7.2% | 5.8% | 8.6% | 14.8% | 16.4% |
| Revenue growth | +63.4% | +33.5% | +19.5% | +19.9% | +25.5% | — |
| Cash + short-term investments | $5.9M | $1.5M | $2.2M | $1.8M | $1.5M | — |
| Total debt | $95.3M | $197M | $241M | $297M | $361M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 50.1x · P/S 8.2x · EV/EBITDA 19.1x · EV/Sales 11.8x · P/FCF 21.0x · P/B 2.6x · FCF yield 4.77% · Earnings yield 2.00% · Dividend yield (paid, TTM) 3.83% · Net debt $380M · EV $1.25B
P/E at fiscal year-ends: Dec 2025 27.8x, Dec 2024 44.6x, Dec 2023 79.1x.

## Analysts
Consensus Buy (mean 1.86 on a 1–5 scale), 7 analysts; mean target USD 26.07 (low 24.5, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-14 | BMO Capital | Target raised | Outperform | $28 → $29 |
| 2026-09-01 | Scotiabank | Target raised | Sector Outperform | $25 → $26 |
| 2026-08-26 | JP Morgan | Target raised | Neutral | $23 → $25 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +50.2% | +52.3% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | +50.2% | +8.8% |
| Volatility (annualized) | 24.2% | 22.2% |
| Max drawdown | -14.1% (Jun 2026→Oct 2026) | -26.9% (Nov 2021→Oct 2023) |

## Peers (REIT - Office)
DEA (Easterly Government Properties,) USD 22.53 -0.20% · PDM (Piedmont Realty Trust, Inc.) USD 9.62 -0.16% · HPP (Hudson Pacific Properties, Inc.) USD 10.55 -0.28% · ESBA (Empire State Realty OP, L.P. Se) USD 4.7 -5.81% · BDN (Brandywine Realty Trust) USD 2.93 -0.85% · DEI (Douglas Emmett, Inc.) USD 10.11 +0.20%

## More
Full page: https://nexqual.com/PSTL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in PSTL's own 10-K filed 2026-02-24 (https://www.sec.gov/Archives/edgar/data/1759774/000162828026011212/pstl-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | UPS (UPS) | "The growth in the USPS' competitive service volumes, such as Priority Mail, Priority Mail Express, First-Class Package Service, Parcel Select, Parcel Return Service and some types of International Mail, is largely attrib…" |
| Competitor | FedEx (FDX) | "The growth in the USPS' competitive service volumes, such as Priority Mail, Priority Mail Express, First-Class Package Service, Parcel Select, Parcel Return Service and some types of International Mail, is largely attrib…" |
| Competitor | Amazon (AMZN) | "The growth in the USPS' competitive service volumes, such as Priority Mail, Priority Mail Express, First-Class Package Service, Parcel Select, Parcel Return Service and some types of International Mail, is largely attrib…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.22 | $0.15 | +42.6% | $28.7M | 2 |
| Next quarter (ends 2026-12-31) | $0.21 | $0.14 | +51.3% | $29.3M | 2 |
| Current fiscal year (ends 2026-12-31) | $0.75 | $0.56 | +34.5% | $111.6M | 2 |
| Next fiscal year (ends 2027-12-31) | $0.83 | $0.59 | +41.4% | $129.9M | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-03): ±9.0%; last 8 reports averaged ±4.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 56.2% | ±9.0% |
| 2027-01-15 | 84 | 42.6% | ±16.7% |
| 2027-04-16 | 175 | 27.4% | ±15.8% |