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): March 16, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of Incorporation or organization) | Commission File Number | (I.R.S. Employer Identification No.) | |||||||||||||||||||||
(Address of principal executive offices and zip code) | |||||||||||||||||||||||
( | |||||||||||||||||||||||
(Registrant’s telephone number) | |||||||||||||||||||||||
Not Applicable | |||||||||||||||||||||||
(Former Name or Former Address, if Changed Since Last Report) | |||||||||||||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-I2 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.I4d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events
As previously disclosed, in connection with Postal Realty Trust, Inc.’s (the “Company”) initial public offering and related formation transactions, the Company entered into a Right of First Offer Agreement (the “ROFO Agreement”) with certain members of the family of Andrew Spodek (collectively, the “Related Parties”), the Company’s Chief Executive Officer and Director. Pursuant to the ROFO Agreement, the Company has a right of first offer to acquire certain properties currently managed by the Company and owned by the Related Parties.
Effective March 16, 2026, the Company acquired from the Related Parties a portfolio of 12 properties (the “Portfolio”) currently leased to the United States Postal Service (the “USPS”) for approximately $11.53 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 solely of its four independent and disinterested directors. Based on, among other things, its review of the terms of the transaction and the Company’s strategic objectives, the Special Committee determined that the acquisition of the Portfolio on the proposed terms was in the best interests of the Company and its shareholders. Mr. Spodek did not participate in the deliberations regarding, or approval of, the Portfolio acquisition.
The Portfolio comprises approximately 58,564 net leasable interior square feet with a weighted average rental rate of $15.58 per leasable square foot based on rents in place as of March 16, 2026.
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: March 17, 2026
POSTAL REALTY TRUST, INC. | ||||||||
By: | /s/ Jeremy Garber | |||||||
Name: Jeremy Garber | ||||||||
Title: President | ||||||||