HIGHBuilt-in & outside partyTenant
USPS
“10-K Item 1A: 'Substantially all of our revenue come from properties leased to the USPS.'”
PSTL · Concentration risk · 10-K extracted
Postal Realty Trust (PSTL) concentration risks
Updated
The most significant concentration Postal Realty Trust discloses is USPS, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Postal Realty Trust’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Postal Realty Trust's concentration risk is singular and definitional: substantially all of the company's revenue comes from properties leased to the USPS. This is characterized as a mixed exposure — part structural, given the REIT's business model is built specifically around leasing to the postal service, and part dependency, since the entire cash flow stream ultimately rests on one counterparty's ability and willingness to continue paying rent across its leased properties. No specific percentage is disclosed, but the "substantially all" framing indicates this is not a partial exposure — it is close to the entirety of the revenue base. There are no other customer, supplier, or geographic concentrations disclosed to offset or compound this exposure. For an investor, this means the investment case is essentially a single-counterparty credit and lease-renewal story: USPS's financial health, its lease renewal behavior, and any changes to its real estate footprint are the dominant variables, since there is no diversification elsewhere in the disclosed profile to cushion an adverse development at the USPS level.
For the engine’s reasoning on PSTL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Office
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CDP | COPT Defense Properties | 2 | 2 | 1 | 5 |
| ARE | Alexandria Real Estate Equities | 2 | 0 | 0 | 2 |
| BXP | BXP, Inc. | 2 | 0 | 0 | 2 |
| CUZ | Cousins Properties Incorporated | 1 | 3 | 1 | 5 |
| PSTL● | Postal Realty Trust, Inc. | 1 | 0 | 0 | 1 |
| BDN | Brandywine Realty Trust | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.