Postal Realty Trust (PSTL) Announces Proposed 3.5M Class A Share Offering

Postal Realty Trust, Inc. (NYSE: PSTL) today announced the launch of a public offering of 3,500,000 shares of its Class A common stock. In addition, the Company expects to grant to the underwriters a 30-day option to purchase up to an additional 525,000 shares of Class A common stock.

The Company intends to use the net proceeds of this offering to repay indebtedness under its senior revolving credit facility, to fund acquisitions and for other general corporate purposes.

Jefferies, Stifel, BMO Capital Markets and Janney Montgomery Scott are acting as joint book-running managers for the offering.

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