Postal Realty Trust, Inc.

Postal Realty Trust, Inc. (PSTL) priced its initial public offering on May 16, 2019 at $17.00 per share, raising $76.5M, and listed on NYSE. At the IPO price its market capitalization was about $89.9M. Stifel was lead-left underwriter, joined by BMO Capital Markets, Height and B. Riley. Hunton Andrews Kurth and Venable advised the company and Winston & Strawn advised the underwriters.

Postal Realty Trust, Inc. is an internally managed real estate corporation that owns and manages properties leased to the United States Postal Service. Its initial portfolio is planned at 271 postal properties in 41 states, formed from predecessor and acquisition properties.

Status

IPO

Ticker

PSTL

Exchange

NYSE

Priced

May 16, 2019

IPO price

$17.00

Raised

$76.5M

Market cap at IPO price

$89.9M

First filed

Apr 2, 2019

Underwriters

Stifel, BMO Capital Markets, Height and B. Riley

Company counsel

Hunton Andrews Kurth and Venable

Underwriters' counsel

Winston & Strawn

Sector

Real estate & finance

Country / state

NY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.