Postal Realty Trust Inc. filed SEC Form 8-K: Other Events
$PSTL
Real Estate Investment Trusts
Real Estate
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 9, 2025
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Item 8.01. Other Events
On December 9, 2025, Postal Realty Trust, Inc. (the "Company") closed on its previously announced transaction related to the acquisition of a portfolio of 25 properties (the "Property Portfolio") from certain members of the family (the "Related Party") of Andrew Spodek, the Company’s chief executive officer. The transaction was effectuated pursuant to the Right of First Offer Agreement the Company entered into with the Related Party in connection with the Company's initial public offering and related formation transactions. The Portfolio Property was acquired for approximately $13.87 million in cash, excluding closing costs. The transaction was approved by a special committee (the "Special Committee") of the Company’s Board of Directors consisting of four independent directors.
As previously disclosed, the Property Portfolio comprises approximately 59,000 net leasable interior square feet at a weighted average rental rate of $17.58 per leasable square foot based on rents in place as of December 9, 2025.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 9, 2025
| POSTAL REALTY TRUST, INC. | ||||||||
| By: | /s/ Stephen Bakke | |||||||
| Name: Stephen Bakke | ||||||||
| Title: Executive Vice President & Chief Financial Officer | ||||||||