A Business at a Glance
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Postal Realty Trust, Inc.
PSTL
$587M
Mkt Cap
$24.00
+0.97%
Postal Realty Trust, Inc. (PSTL) has a current P/E ratio of 51.1, compared to its historical median P/E of 56.9. The stock is currently considered Fair based on its historical valuation range.
Postal Realty Trust, Inc. (PSTL) has a 5-year average return on invested capital (ROIC) of 3.3%. This is below average and may indicate limited pricing power.
Postal Realty Trust, Inc. (PSTL) has a market capitalization of $656M. It is classified as a small-cap stock.
Yes, Postal Realty Trust, Inc. (PSTL) pays a dividend with a trailing twelve-month yield of 4.90%.
Based on historical P/E analysis, Postal Realty Trust, Inc. (PSTL) appears fair. The current P/E of 51.1 is 10% below its historical median of 56.9. The estimated fair value CAGR (P/E method) is 39.6%.
Postal Realty Trust, Inc. (PSTL) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Postal Realty Trust, Inc. (PSTL) reported annual revenue of $96 million in its most recent fiscal year, based on SEC EDGAR filings.
We are an internally managed REIT with a focus on acquiring and managing properties leased primarily to the USPS, ranging from last-mile post offices to industrial facilities. We believe that we are the largest owner and manager, measured by net leasable square footage, of properties that are leased to the USPS. We were organized in the state of Maryland on November 19, 2018 and commenced operations upon completion of our initial public offering ("IPO") on May 17, 2019 and the related formation transactions. Our Class A common stock trades on the New York Stock Exchange under the symbol “PSTL”. We elected to qualify to be taxed as a REIT for U.S. federal income tax purposes, commencing with our short tax year ended December 31, 2019. We conduct our business through an umbrella partnership, commonly referred to as an UPREIT structure, in which our properties are owned by our Operating Partnership directly or through limited partnerships, limited liability companies or other subsidiaries.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 100M | 96M | 76M | 64M | 53M | 40M |
| Net Income | 13M | 11M | 4.8M | 2.3M | 2.9M | 1.4M |
| EPS | $0.53 | $0.47 | $0.21 | $0.12 | $0.15 | $0.10 |
| Free Cash Flow | 44M | 38M | 31M | 26M | 21M | 16M |
| ROIC | 5.2% | 5.5% | 3.9% | 2.9% | 2.4% | 1.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.44 | 1.37 | 1.29 | 1.10 | 0.98 | 0.58 |
| Dividends/Share | $1.18 | $0.97 | $0.96 | $0.95 | $0.93 | $0.89 |
| Operating Income | 37M | 34M | 21M | 14M | 9.7M | 5.9M |
| Operating Margin | 37.2% | 35.8% | 27.7% | 22.0% | 18.2% | 14.8% |
| ROE | 4.5% | 4.3% | 1.9% | 1.0% | 1.3% | 0.9% |
| Shares Outstanding | 27M | 24M | 23M | 20M | 19M | 14M |
| Metric | 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 7.7M | 11M | 24M | 40M | 53M | 64M | 76M | 96M | 100M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.4M | 4.8M | 8.2M | 11M | 13M | 15M | 16M | 17M | 18M |
| EBIT | 2.6M | N/A | 2.0M | 5.9M | 9.7M | 14M | 21M | 34M | 37M |
| Op. Margin | 33.5% | N/A | 8.3% | 14.8% | 18.2% | 22.0% | 27.7% | 35.8% | 37.2% |
| Net Income | 1.1M | -1.5M | -698K | 1.4M | 2.9M | 2.3M | 4.8M | 11M | 13M |
| Net Margin | 14.9% | -13.3% | -2.9% | 3.5% | 5.4% | 3.7% | 6.3% | 12.0% | 13.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 200K | 200K |
| Returns on Capital | |||||||||
| ROIC | 7.2% | N/A | 1.3% | 1.9% | 2.4% | 2.9% | 3.9% | 5.5% | 5.2% |
| ROE | N/A | -6.9% | -1.0% | 0.9% | 1.3% | 1.0% | 1.9% | 4.3% | 4.5% |
| ROA | 3.2% | -1.1% | -0.4% | 0.4% | 0.7% | 0.4% | 0.8% | 1.6% | 1.6% |
| Cash Flow | |||||||||
| Op. Cash Flow | 2.7M | 2.9M | 9.4M | 17M | 25M | 28M | 34M | 45M | 45M |
| Free Cash Flow | 2.6M | 2.7M | 8.4M | 16M | 21M | 26M | 31M | 38M | 44M |
| Owner Earnings | 1.7M | -1.9M | -2.1M | -615K | 2.1M | 2.9M | 4.9M | 14M | 13M |
| CapEx | 104K | 152K | 970K | 660K | 3.7M | 2.9M | 2.8M | 6.9M | 427K |
| Maint. CapEx | 1.0M | 3.8M | 9.2M | 14M | 18M | 20M | 22M | 24M | 25M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 1.0M | 3.8M | 9.2M | 14M | 18M | 20M | 22M | 24M | 25M |
| CapEx/OCF | N/A | 5.3% | 2.0% | 3.9% | 0.9% | 1.2% | 0.7% | 0.9% | 1.0% |
| Capital Allocation | |||||||||
| Dividends Paid | 5.3M | 3.5M | 8.2M | 15M | 22M | 24M | 28M | 31M | 32M |
| Dividend Yield | N/A | 3.2% | 10.8% | 7.9% | 8.9% | 10.3% | 9.8% | 9.1% | 4.9% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 558K | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.1% | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | 997K | 2.4M | 3.7M | 4.7M | 5.8M | 6.4M | 6.3M | 6.5M |
| Debt Repayment | 0 | 1.4M | 1.2M | 1.3M | 811K | 266K | 366K | 2.3M | 2.3M |
| Balance Sheet | |||||||||
| Net Debt | N/A | -7.0M | 170M | 122M | 223M | 266M | 324M | 390M | 419M |
| Cash & Equiv. | 263K | 12M | 2.2M | 5.9M | 1.5M | 2.2M | 1.8M | 1.5M | 1.3M |
| Long-Term Debt | N/A | 2.3M | 125M | 95M | 197M | 241M | 297M | 361M | 386M |
| Debt/Equity | -7.30 | 0.11 | 1.87 | 0.58 | 0.98 | 1.10 | 1.29 | 1.37 | 1.44 |
| Interest Coverage | 1.7 | N/A | 0.9 | 2.2 | 1.8 | 1.5 | 1.8 | 2.3 | 2.3 |
| Equity | -5.7M | 49M | 92M | 220M | 229M | 244M | 251M | 285M | 292M |
| Total Assets | 36M | 137M | 259M | 378M | 501M | 567M | 647M | 759M | 793M |
| Total Liabilities | 41M | 67M | 139M | 112M | 218M | 266M | 329M | 399M | 422M |
| Intangibles | 2.7M | 7.3M | 13M | 14M | 16M | 14M | 13M | 16M | 17M |
| Retained Earnings | -11M | -2.6M | -8.9M | -19M | -33M | -49M | -64M | -74M | -77M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||
| EPS | 0.21 | -0.15 | -0.10 | 0.10 | 0.15 | 0.12 | 0.21 | 0.47 | 0.53 |
| Owner EPS | 0.32 | -0.19 | -0.30 | -0.04 | 0.11 | 0.15 | 0.22 | 0.58 | 0.49 |
| Book Value | -1.05 | 4.90 | 13.18 | 15.75 | 12.04 | 12.48 | 10.98 | 11.66 | 10.70 |
| Cash Flow/Share | 0.51 | 0.29 | 1.35 | 1.22 | 1.29 | 1.46 | 1.46 | 1.82 | 1.38 |
| Dividends/Share | 0.98 | 0.35 | 1.18 | 0.89 | 0.93 | 0.95 | 0.96 | 0.97 | 1.18 |
| Shares Out. | 5.4M | 10.0M | 7.0M | 14.0M | 19.0M | 19.5M | 22.9M | 24.5M | 27.3M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | 145.7 | 76.6 | 105.1 | 56.9 | 33.8 | 45.2 |
| P/FCF | N/A | 43.4 | 9.8 | 12.4 | 10.5 | 9.6 | 8.9 | 10.3 | 14.8 |
| EV/EBIT | N/A | N/A | 31.3 | 2.1 | N/A | 4.8 | 1.4 | 2.5 | 28.8 |
| Price/Book | N/A | 1.2 | 2.4 | 1.4 | 1.3 | 1.6 | 1.5 | 1.7 | 2.2 |
| Price/Sales | N/A | 4.8 | 8.4 | 7.0 | 6.1 | 5.9 | 5.1 | 4.3 | 6.5 |
| FCF Yield | N/A | 4.6% | 3.8% | 5.5% | 7.1% | 6.6% | 8.2% | 7.9% | 6.7% |
| Market Cap | N/A | 59M | 222M | 299M | 295M | 390M | 375M | 478M | 656M |
| Avg. Price | N/A | 10.76 | 10.91 | 13.69 | 12.68 | 12.11 | 12.51 | 13.78 | 24.00 |
| Year-End Price | N/A | 11.77 | 11.84 | 14.57 | 11.49 | 12.61 | 11.94 | 15.88 | 24.00 |
Postal Realty Trust, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Postal Realty Trust, Inc. trades at 51.1x trailing earnings, compared to its 15-year median P/E of 56.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 14.9x vs a median of 10.3x. The company's 5-year average ROIC is 3.3%. Total shareholder yield (dividends) is 4.9%. At current prices, the estimated annualized return to fair value is +20.9%.
Postal Realty Trust, Inc. (PSTL) has a net profit margin of 12.0%. This is a healthy margin.
Postal Realty Trust, Inc. (PSTL) generated $38 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Postal Realty Trust, Inc. (PSTL) has a debt-to-equity ratio of 1.37. This indicates moderate leverage.
Postal Realty Trust, Inc. (PSTL) reported earnings per share (EPS) of $0.47 in its most recent fiscal year.
Postal Realty Trust, Inc. (PSTL) has a return on equity (ROE) of 4.3%. This indicates moderate shareholder returns.
The Ledger Terminal provides 8 years of financial data for Postal Realty Trust, Inc. (PSTL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Postal Realty Trust, Inc. (PSTL) has a book value per share of $11.66, based on its most recent annual SEC filing.