Postal Realty Trust Doubles Down on Post Office Real Estate Despite Mail Decline

Postal Realty Trust, the only publicly traded REIT focused entirely on postal real estate, is standing firm in its investment strategy, even as mail volumes continue to shrink. Led by CEO Andrew Spodek, the company owns roughly 1,700 USPS-leased properties — amounting to nearly 7% of all post office facilities — spanning from rural outposts to major mail sorting centers.

While USPS mail volume has plummeted by 46% since 2008, and is projected to drop another 29% over the next decade, Postal Realty has maintained occupancy rates above 99.5% and enjoyed consistent growth in funds from operations. Long-term leases with the USPS, a government-backed tenant with a universal service mandate, have helped keep investor confidence high. In fact, Postal Realty’s stock has rebounded by 19% from its recent five-year low, outperforming the broader REIT market.