Postal Realty Trust PSTL Balance Sheet Statement

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$1.26M+96.6%	$1.45M-19.2%	$1.9M+26.2%	$1.08M-58.6%	$639K-76.2%
Restricted cash	$995K—	$323K—	$297K—	——	——
Prepaid expenses and other current assets	$11.85M-1.5%	$11.8M-18.7%	$11.57M+12.9%	$9.85M-30.0%	$12.03M-19.8%
Tenant receivables	$6.35M+101%	$5.37M+104%	$4.59M+129%	$3.88M+121%	$3.15M+92.0%
Operating lease right-of-use assets	——	——	——	——	——
Goodwill	——	——	——	——	——
Intangible assets, net	$1.54M0.0%	$1.54M-88.1%	$1.54M0.0%	$1.54M0.0%	$1.54M0.0%
Other non-current assets	——	——	——	——	——
Long-term investments	$748.16M+21.0%	$716.61M+18.3%	$692.79M+20.0%	$653.22M+14.5%	$618.36M+13.5%
Investment properties, at cost	$811.73M+22.2%	$775.52M+19.6%	$747.23M+21.3%	$703.35M+16.2%	$664.4M+15.4%
Land	$171.93M+30.0%	$163.49M+27.3%	$157.73M+32.2%	$140.83M+18.6%	$132.3M+17.6%
Buildings and improvements	$630.91M+20.3%	$603.39M+17.8%	$581.03M+18.8%	$554.64M+15.7%	$524.49M+15.0%
Accumulated depreciation	$79.39M+28.1%	$74.77M+28.5%	$70.31M+29.2%	$66.02M+30.1%	$61.96M+31.2%
Total assets	$792.54M+21.2%	$759.06M+17.4%	$735.19M+19.5%	$689.82M+13.4%	$654.02M+12.0%
Current portion of long-term debt	——	——	——	——	——
Operating lease liabilities, current	$2.01M-4.9%	$2.06M-4.7%	$2.11M+79.8%	$2.16M+134%	$2.12M+112%
Long-term debt	$386.14M—	$361.14M—	$347M—	——	——
Operating Lease Liabilities (Total)	$2.01M-4.9%	$2.06M-4.7%	$2.11M+79.8%	$2.16M+134%	$2.12M+112%
Lease intangible liabilities, net	$20.82M+23.8%	$19.76M+22.2%	$19.89M+38.1%	$19.07M+33.7%	$16.81M+21.7%
Total liabilities	$422.09M+24.5%	$399.5M+21.3%	$386.71M+26.3%	$365.27M+22.3%	$339.11M+25.2%
Additional paid-in capital	$367.18M+18.4%	$358M+15.5%	$344.64M+12.6%	$318.91M+7.4%	$310.13M+5.2%
Retained earnings	-$77.16M-13.7%	-$74.02M-15.3%	-$72.3M-14.8%	-$70.1M-19.8%	-$67.89M-26.0%
Accumulated other comprehensive income (loss)	$1.87M-37.7%	$954K-81.8%	$1.33M-42.7%	$1.74M-74.7%	$3M-56.4%
Noncontrolling interests	$78.29M+12.8%	$74.36M+12.3%	$74.55M+17.6%	$73.75M+15.1%	$69.43M+6.6%
Total stockholders' equity	$292.16M+19.0%	$285.2M+13.5%	$273.93M+11.6%	$250.8M+2.2%	$245.48M-1.1%
Total liabilities and stockholders' equity	$792.54M+21.2%	$759.06M+17.4%	$735.19M+19.5%	$689.82M+13.4%	$654.02M+12.0%
Prepaid expenses and other	$11.85M-1.5%	$11.8M-18.7%	$11.57M+12.9%	$9.85M-30.0%	$12.03M-19.8%
Financing Receivables	$15.82M—	$15.85M—	$15.87M—	——	——
Lease Receivable Payments - 2022 (Lessor)	——	——	——	——	——
Lease Receivable Payments - 2023 (Lessor)	——	——	——	——	——
Lease Receivable Payments - 2024 (Lessor)	——	——	——	——	——
Lease Receivable Payments - 2025 (Lessor)	——	——	——	——	——
Lease Receivable Payments - Remainder of Fiscal Year	——	——	——	——	——
Lease Receivable Payments - Due Year Four	——	——	——	——	——
Lease Receivable - Undiscounted Excess Amount	$13.7M—	$13.95M—	$14.21M—	——	——
Operating Lease Income - 2022 (Lessor)	——	——	——	——	——
Operating Lease Income - 2025 (Lessor)	——	——	——	——	——
Finite Lived Intangible Assets - Gross	——	——	——	——	——
Lease Receivable Payments - 2027 (Lessor)	——	——	——	——	——
Lease Receivable Payments - 2028 (Lessor)	——	——	——	——	——
Long-term receivables, net	$15.82M—	$15.85M—	$15.87M—	——	——
Net Investment in Lease	$29.52M-3.7%	$29.8M-3.7%	$30.09M+88.4%	$30.37M+89.9%	$30.66M+91.4%
Escrow and reserves	$1.53M+65.7%	$643K-13.6%	$437K-18.6%	$1.01M+16.0%	$926K+17.1%
Intangible assets — net	$17.33M+42.7%	$16.41M+26.8%	$14.53M+17.2%	$13.12M-2.6%	$12.14M-11.4%
Investments	$748.16M+21.0%	$716.61M+18.3%	$692.79M+20.0%	$653.22M+14.5%	$618.36M+13.5%
Operating lease right-of-use assets	$2.18M—	$2.24M—	$2.24M—	——	——
Other Intangible Assets Net	$1.54M0.0%	$1.54M0.0%	$1.54M0.0%	$1.54M0.0%	$1.54M0.0%
Real Estate Investment Property, Net	$732.34M+21.6%	$700.76M+18.8%	$676.92M+20.6%	$637.33M+15.0%	$602.44M+14.0%
Rent and other receivables	$4.53M-8.6%	$5.23M-21.4%	$6.94M+14.0%	$5.24M+29.5%	$4.96M+9.6%
Tenant Improvements	$8.89M+16.8%	$8.65M+15.3%	$8.47M+15.5%	$7.87M+9.1%	$7.61M+7.5%
Operating Lease Income - 2026 (Lessor)	——	——	——	——	——
Operating Lease Income - 2027 (Lessor)	——	——	——	——	——
Operating Lease Income - 2028 (Lessor)	——	——	——	——	——
Operating Lease Right-of-Use Assets in Other Assets	$2.18M—	$2.24M—	$2.24M—	——	——
Right to Recover for Covered Losses	——	——	——	——	——
Accounts Payable And Other Accrued Liabilities	$15.14M-2.8%	$18.6M+13.1%	$19.82M+34.7%	$17.37M+62.7%	$15.58M+66.2%
Revolving credit facility	$49M+104%	$39M+179%	$25M-43.2%	$46M—	$24M—
Current portion of Term Loan	$34M—	$34.2M—	$34.2M—	——	——
Finance Lease Liability Payments Due	$29.52M—	$29.8M—	$30.09M—	——	——
Lease Liability Payments - 2020 (Remaining Three Months)	——	——	——	——	——
Lease Liability Payments - 2021	——	——	——	——	——
Operating Lease Liability Payments - 2024 (Lessee)	——	——	——	——	——
Operating Lease Liability Payments - 2025 (Lessee)	——	——	——	——	——
Lease Liability Payments - Due Year Two	——	——	——	——	——
Lease Liability Payments - Due Year Three	——	——	——	——	——
Lease Liability Payments - Due Year Four	——	——	——	——	——
Lease Liability Payments - Remainder of Fiscal Year	——	——	——	——	——
Lease Liability - Undiscounted Excess Amount	$13.7M—	$13.95M—	$14.21M—	——	——
Line of Credit Outstanding	$49M+104%	$39M+179%	$25M-43.2%	$46M—	$24M—
Operating Lease Liability Payments Due	——	——	——	——	——
Operating Lease Liability - Undiscounted Excess Amount	——	——	——	——	——
Debt Maturity - 2024	——	——	——	——	——
Debt Maturity - 2027	——	——	——	——	——
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$200K—	$200K—	$200K—	——	——
Operating Lease Liability Payments - 2027 (Lessee)	——	——	——	——	——
Operating Lease Liability Payments - 2028 (Lessee)	——	——	——	——	——
Secured borrowings, net	$33.72M-0.3%	$33.83M-0.3%	$33.83M-0.3%	$33.82M+3.3%	$33.82M+3.3%
Unsecured debt	$303.41M+21.9%	$288.31M+15.9%	$288.17M+44.8%	$249.01M+25.2%	$248.9M+25.1%
Total debt	$388.93M+16.6%	$363.21M+21.5%	$349.74M+29,767%	$377.63M+40,813%	$333.47M+33,348%
Total Carrying Value of Debt	$388.05M—	$363.16M—	$349.16M—	——	——
Share-Based Payment - Nonvested Awards (Number)	2.9M—	2.5M—	2.5M—	——	——
Share-Based Payment - Unrecognized Cost of Nonvested Awards	$15.72—	$15.07—	$15.09—	——	——
Shares Reserved for Future Issuance Under Stock Plans	——	——	——	——	——
Interest Rate Hedge Reclassification (Next 12 Months)	——	——	——	——	——
Operating Lease Income - 2023 (Lessor)	——	——	——	——	——
Operating Lease Income - 2024 (Lessor)	——	——	——	——	——
Below Market Lease Accumulated Amortization	$17.29M—	$16.38M—	$15.46M—	——	——
Below Market Lease, Amortization Income, After Year Four	——	——	——	——	——
Below Market Lease, Amortization Income, Year One	——	——	——	——	——
Remainder 2022	——	——	——	——	——
Below Market Lease, Amortization Income, Year Four	——	——	——	——	——
Below Market Lease, Amortization Income, Year Three	——	——	——	——	——
Below Market Lease, Amortization Income, Year Two	——	——	——	——	——
Below Market Lease Gross	$38.11M—	$36.14M—	$35.36M—	——	——
Cash And Escrows And Reserves	$2.79M—	$2.1M—	$2.34M—	——	——
Long-term debt, gross	$388.05M—	$363.16M—	$349.16M—	——	——
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$198K—	$200K—	$203K—	——	——
Potential settlement payment	——	——	——	——	——
Unrecognized compensation cost related to non-vested awards	——	——	——	——	——
Escrow And Reserves	$1.53M—	$643K—	$437K—	——	——
ESPP reserve	$136K—	$90K—	$55K—	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	——	——	——	——	——
Gross Carrying Amount	——	——	——	——	——
Gains expected to be reclassified	——	——	——	——	——
Lessee Operating Lease Liability Payments Due	——	——	——	——	——
Thereafter	——	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount	——	——	——	——	——
Number of postal properties subject to direct financing leases (in properties)	2—	2—	2—	——	——
Aggregate purchase price	——	——	——	——	——
Aggregate carrying value	——	——	——	——	——
Number of operating leases not acquired (in properties)	——	——	——	——	——
Number of leases acquired with purchase price greater than value of underlying asset (in properties)	——	——	——	——	——
Number of operating leases (in properties)	——	——	——	——	——
Purchase price for postal properties	——	——	——	——	——
Thereafter	——	——	——	——	——
Remainder of fiscal 2026	——	——	——	——	——
Mortgage and loans payable	$29.8M—	$30M—	$29.8M—	——	——
2028	——	——	——	——	——
2029	——	——	——	——	——
2030	——	——	——	——	——
2027	——	——	——	——	——
Remainder of 2026	——	——	——	——	——
Thereafter	——	——	——	——	——
Noncontrolling interests in subsidiaries	$78.29M+12.8%	$74.36M+12.3%	$74.55M+17.6%	$73.75M+15.1%	$69.43M+6.6%
Net Investment in Lease, before Allowance for Credit Loss	$15.82M-0.6%	$15.85M-0.6%	$15.87M-0.6%	$15.9M-0.6%	$15.92M-0.6%
Non-controlling interests LTIP Units (in shares)	2M—	1.7M—	1.6M—	——	——
Non-controlling interests OP Units (in shares)	5.4M—	5.4M—	5.5M—	——	——
Number of expired leases (in leases)	——	——	——	——	——
Number of properties held for sale	——	——	——	——	——
Accumulated Amortization	$527K—	$564K—	$501K—	——	——
Other Intangible Liabilities, Expected Amortization, After Year Four	——	——	——	——	——
Other Intangible Liabilities, Expected Amortization, Remainder of Fiscal Year	——	——	——	——	——
Other Intangible Liabilities, Expected Amortization, Year Two	——	——	——	——	——
Other Intangible Liabilities, Expected Amortization, Year One	——	——	——	——	——
Other Intangible Liabilities, Expected Amortization, Year Three	——	——	——	——	——
Other Intangible Liabilities, Expected Amortization, Year Four	——	——	——	——	——
Other Intangible Liabilities, Gross	$1.04M—	$1.14M—	$1.14M—	——	——
Other Intangible Liabilities, Net	$513K—	$575K—	$638K—	——	——
Outstanding operating partnership percentage	21.1%—	20.7%—	21.4%—	——	——
Percentage of interest in operating partnership	——	——	——	——	——
Real estate tax reserve	$403K—	$230K—	$85K—	——	——
2028	——	——	——	——	——
2030	——	——	——	——	——
Sales-Type and Direct Financing Leases, Payment to be Received	$29.52M—	$29.8M—	$30.09M—	——	——
Remainder of 2026	——	——	——	——	——
2027	——	——	——	——	——
2029	——	——	——	——	——