Postal Realty Trust, Inc. (PSTL) Form 424B5 — Aug 5, 2026
Postal Realty Trust filed a prospectus supplement dated August 5, 2026 establishing a new at-the-market equity program of up to $300.0 million of Class A common stock through eight sales agents including J.P. Morgan, Jefferies, Mizuho, Scotiabank, Stifel and Truist. The company simultaneously terminated its prior ATM program established in November 2022. The new program adds forward sale agreements with six forward purchasers, letting the company lock in sale pricing now and settle later, with agent commissions capped at 2.0% of gross sales price.
Key figures
- Gross Proceeds
- up to $300,000,000 (potential; no minimum offering amount)
- Shares Outstanding
- 30248873
- Atm capacity
- $300,000,000
- Term loan 2028
- $90.0 million drawn, matures February 2028, effective rate 4.92%
- Term loan 2029
- $100.0 million drawn, matures February 2029, effective rate 4.14%
- Term loan 2031
- $150.0 million drawn, matures January 2031, effective rate 3.86%
- Ownership limit
- 8.5% general limit; 15% excepted holder limit for Mr. Spodek
- Reference price
- $23.11 (last reported NYSE sale on August 4, 2026)
- Op unit ownership
- approximately 80.4% of operating partnership units owned by the company
- Max sales commission
- 2.0% of gross sales price
- Credit facilities drawn
- $355.0 million as of August 3, 2026
- Revolving facility drawn
- $15.0 million at approximately 4.84%
- Expense reimbursement cap
- $100,000 if less than $10 million is sold
- Estimated offering expenses
- $1,300,000
- Revolving facility capacity
- $275.0 million, matures November 2030
Price after filing
Close on the filing date to close N calendar days later (from $23.16). Historical, not a forecast.
AI analysis
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