CEDARHURST, N.Y.--(BUSINESS WIRE)--Jul 15, 2020--

Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns properties leased to the United States Postal Service (the “USPS”), today announced the pricing of an underwritten public offering of 3,500,000 shares of its Class A common stock at a price to the public of $13.00 per share. As part of the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of Class A common stock. The offering is expected to close on July 20, 2020, subject to customary closing conditions.

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. B. Riley FBR, D.A. Davidson & Co., Height Capital Markets and Strategas are acting as co-managers for the offering.

The Securities and Exchange Commission declared effective a registration statement relating to the offering of these securities on July 15, 2020. The offering is being made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained, when available, from the following: Jefferies LLC, 520 Madison Avenue, 2nd Floor, New York, NY 10022, Attention: Equity Syndicate Prospectus Department, by telephone at (877) 821-7388 or by email at ProspectusDepartment@Jefferies.com; 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 SyndProspectus@stifel.com; BMO Capital Markets Corp., 3 Times Square, 25th Floor, New York, New York 10036, Attention: Syndicate Department, by telephone at (800) 414-3627 or by email at bmoprospectus@bmo.com; and Janney Montgomery Scott LLC at 60 State Street, Boston, MA 02109, Attention: Equity Capital Markets Group, or by email at prospectus@janney.com.

About Postal Realty Trust, Inc.

Postal Realty Trust, Inc. is an internally managed real estate investment trust that owns and manages over 1,000 properties leased to the USPS. The Company believes it is one of the largest owners and managers of properties leased to the USPS.

Forward-Looking and Cautionary Statements

This press release contains “forward-looking statements.” Forward-looking statements include statements regarding the proposed 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 statements regarding expected proceeds of the offering, are based on the Company’s current expectations and assumptions regarding capital markets conditions, 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 public health threats such as COVID-19, 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, competitive, financial market and regulatory conditions, 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-11, as amended from time to time, 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.

CONTACT: Investor Relations and Media Relations

(516) 232-8900

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT OTHER TRANSPORT

SOURCE: Postal Realty Trust, Inc.

Copyright Business Wire 2020.

PUB: 07/15/2020 10:05 PM/DISC: 07/15/2020 10:05 PM

Copyright Business Wire 2020.