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Postal Realty Trust cites stable rents from USPS-linked properties
The REIT said it owns about 9% of leased postal facilities and targets long-term growth as package delivery expands to last-mile logistics.
Postal Realty Trust CEO Andrew Spodek discussed why the REIT’s specialized portfolio of U.S. Postal Service properties can support stable cash flows, including what he described as consistently paid rent by the Postal Service through different economic conditions and events.
Spodek said demand for mission-critical postal facilities has strengthened as package delivery has expanded, shifting the Postal Service’s business from traditional mail toward last-mile logistics. He also said the Postal Service rarely relocates facilities, supporting a tenant retention rate above 99% over more than a decade, according to Nareit.
At the Nareit REITweek: 2026 Investor Conference in New York, June 1-4, Spodek added that the Postal Service has service to roughly 170 million delivery points six to seven days a week. He noted that of approximately 23,000 leased postal facilities nationwide, Postal Realty Trust owns about 9%, with ownership spread across roughly 17,000 to 18,000 landlords, leaving what he characterized as substantial expansion room.
Nareit also provided general context on REITs, describing them as companies that own or finance income-producing real estate and outlining the REIT structure requirements and typical investor benefits such as dividend income and potential total return.