Postal Realty Trust Announces Closing of Follow-On Offering

Company Release – 11/19/2021

CEDARHURST, N.Y.–(BUSINESS WIRE)– Postal Realty Trust, Inc. (NYSE: PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages over 1,300 properties leased primarily to the United States Postal Service (the “USPS”), ranging from last mile post offices to larger industrial facilities, today announced that it has completed its underwritten public offering of 4,887,500 shares of its Class A common stock for gross proceeds of $83 million, which includes the full exercise of the underwriters’ option to purchase additional shares.

“With the successful completion of this offering, we have raised approximately $147 million of gross proceeds through common equity during 2021, in addition to our recently upsized unsecured revolving credit facility and term loan,” stated Andrew Spodek, the Company’s Chief Executive Officer. “We are exceptionally well-positioned to execute our strong pipeline and continue the rapid expansion of our portfolio in the coming years through the addition of last mile, flex and industrial USPS properties.”

The Company intends to use the net proceeds of this offering for general corporate purposes, which may include the acquisition of additional properties, payment of dividends, capital expenditures related to the properties in its portfolio, working capital and the repayment of indebtedness under its credit facilities.

J.P. Morgan, Stifel, BMO Capital Markets, Jefferies and Truist Securities acted as bookrunning managers for the offering. Colliers Securities LLC, Height Capital Markets, Janney Montgomery Scott and Strategas acted as co-managers for the offering.

A registration statement on Form S-3 relating to these securities was filed with and declared effective by the U.S. Securities and Exchange Commission on December 11, 2020. This press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, or any solicitation of an offer to buy, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made by means of a prospectus supplement and accompanying prospectus. A copy of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained, when available, from the following: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or by email at ; and Stifel, Nicolaus & Company, Incorporated, One South Street, 15th Floor, Baltimore, MD 21202, Attention: Syndicate Department, by fax at (443) 224-1273, or by email at .

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,300 properties leased primarily to the USPS.

Forward-Looking and Cautionary Statements

This press release contains “forward-looking statements.” Forward-looking statements include statements regarding the public offering and other statements identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements, including, among others, statements regarding the Company’s anticipated growth and expected use of proceeds of the offering, are based on the Company’s current expectations and assumptions regarding capital market conditions, its acquisition pipeline, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the USPS’s terminations or non-renewals of leases, changes in demand for postal services delivered by the USPS, the solvency and financial health of the USPS and the Company’s other tenants, competitive, financial market and regulatory conditions, disruption in market, economic and financial conditions as a result of the ongoing COVID-19 pandemic, general real estate market conditions, the Company’s competitive environment and other factors set forth under “Risk Factors” in the Company’s registration statement on Form S-3, the final prospectus supplement related to the offering and the accompanying prospectus, as well as in the Company’s most recent filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

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Source: Postal Realty Trust, Inc.