Postal Realty Trust, a REIT formed to manage and lease properties to the USPS, filed on Tuesday with the SEC to raise up to $115 million in an initial public offering.
The Cedarhurst, NY-based company was founded in 2018 and booked $8 million in sales for the 12 months ended December 31, 2018. It plans to list on the NYSE under the symbol PSTL. Stifel, Janney Montgomery Scott, BMO Capital Markets and Height Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
