CEDARHURST, N.Y.--(BUSINESS WIRE)--Postal Realty Trust, Inc. (NYSE: PSTL), an internally managed real estate investment trust that owns properties leased primarily to the United States Postal Service, today announced the pricing of an upsized underwritten public offering of 3,250,000 shares of its Class A common stock at a price to the public of $15.25 per share. As part of the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 487,500 shares of Class A common stock. The offering is expected to close on January 14, 2021, subject to customary closing conditions.

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, and the repayment of indebtedness under the Company’s unsecured revolving credit facility.

Jefferies, Stifel, BMO Capital Markets and Janney Montgomery Scott are acting as bookrunning managers for the offering. BTIG, D.A. Davidson & Co., Height Capital Markets and Strategas are acting as co-managers for the offering.

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,100 properties leased primarily to the USPS. The Company believes it is one of the largest owners and managers of properties leased to the USPS.