Postal Realty Trust Raises Acquisition Goal as Leases Renew at Higher Terms
Postal Realty Trust says strengthened lease renewals are driving growth, moving from five-year flat terms to 10-year agreements with 3% annual escalators. Annual rent growth now covers 45% of the portfolio through 2026, with 2027 same-store cash revenue up 6.5%. The company raised acquisition guidance to a record $150M and plans accretive last-mile and flex postal facility purchases while cutting its AFFO payout ratio to 70%.