Postal Realty Trust Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Andrew Spodek

Chief executive officer

US$2.6m

Total compensation

CEO salary percentage	15.0%
CEO tenure	5.8yrs
CEO ownership	3.9%
Management average tenure	4yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andrew Spodek's remuneration changed compared to Postal Realty Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2m
Jun 30 2024	n/a	n/a	US$2m
Mar 31 2024	n/a	n/a	US$2m
Dec 31 2023	US$3m	US$388k	US$2m
Sep 30 2023	n/a	n/a	US$3m
Jun 30 2023	n/a	n/a	US$2m
Mar 31 2023	n/a	n/a	US$3m
Dec 31 2022	US$3m	US$392k	US$3m
Sep 30 2022	n/a	n/a	US$2m
Jun 30 2022	n/a	n/a	US$2m
Mar 31 2022	n/a	n/a	US$2m
Dec 31 2021	US$2m	US$393k	US$1m
Sep 30 2021	n/a	n/a	US$1m
Jun 30 2021	n/a	n/a	US$740k
Mar 31 2021	n/a	n/a	US$6k
Dec 31 2020	US$2m	US$232k	-US$698k
Sep 30 2020	n/a	n/a	-US$2m
Jun 30 2020	n/a	n/a	-US$2m
Mar 31 2020	n/a	n/a	-US$3m
Dec 31 2019	US$3m	US$220k	-US$2m

Compensation vs Market: Andrew's total compensation ($USD2.59M) is above average for companies of similar size in the German market ($USD1.05M).

Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.

CEO

Andrew Spodek (48 yo)

5.8yrs

Tenure

US$2,586,144

Compensation

Mr. Andrew Spodek serves as the Chief Executive Officer and a Director at Postal Realty Trust, Inc. Mr. Spodek is the Founder and CEO of Nationwide Postal Management, Inc. Mr. Spodek has many years of expe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Spodek	CEO & Director	no data	US$2.59m	3.92% € 14.5m
Jeremy Garber	President	no data	US$1.70m	0.95% € 3.5m
Robert Klein	Chief Financial Officer	3.8yrs	US$1.31m	0.23% € 840.4k
Matthew Brandwein	Senior VP & Chief Accounting Officer	no data	no data	0.50% € 1.9m
Carrie Herz	Senior VP & Corporate Counsel	no data	no data	no data
Raphael Harel	Senior Vice President of Acquisitions	no data	no data	no data
Isaac Richter	Executive VP & Head of Asset Management	no data	no data	no data
David Loss	Executive VP & Head of Real Estate	4.3yrs	no data	no data
Jie Chai	Senior VP and Corporate Counsel Securities & Capital Markets	3.8yrs	no data	no data
Marc Lefkovich	VP & Property Controller	no data	no data	no data
Andrea Gritser	VP & Corporate Controller	4.8yrs	no data	no data
Jordan Cooperstein	Vice President of FP&A and Capital Markets	no data	no data	no data

4.0yrs

Average Tenure

44yo

Average Age

Experienced Management: 2WP's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Spodek	CEO & Director	5.8yrs	US$2.59m	3.92% € 14.5m
Barry Lefkowitz	Independent Director	5.5yrs	US$132.25k	0.12% € 427.8k
Patrick Donahoe	Independent Chairman of the Board	5.5yrs	US$262.47k	0.20% € 730.8k
Anton Feingold	Independent Director	5.5yrs	US$115.97k	0.076% € 282.8k
Jane Gural-Senders	Independent Director	5.5yrs	US$99.70k	0.073% € 269.5k

5.5yrs

Average Tenure

61yo

Average Age

Experienced Board: 2WP's board of directors are considered experienced (5.5 years average tenure).

Postal Realty Trust Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Postal Realty Trust, Inc., Annual General Meeting, May 17, 2024

Chief Financial Officer recently sold €81k worth of stock

Insufficient new directors

Insufficient new directors

Insufficient new directors

Recent updates

Third quarter 2024 earnings released: EPS: US$0.047 (vs US$0.04 in 3Q 2023)

Second quarter dividend of US$0.24 announced

Postal Realty Trust, Inc. Approves Dividend for the Third Quarter of 2024, Payable on November 29, 2024

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

Insufficient new directors

Postal Realty Trust, Inc. to Report Q2, 2024 Results on Aug 06, 2024

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

First quarter 2024 earnings released: EPS: US$0.009 (vs US$0.002 in 1Q 2023)

Fourth quarter dividend of US$0.24 announced

Postal Realty Trust, Inc. Declares Quarterly Dividend on Class A Common Stock, Payable on May 31, 2024

Postal Realty Trust, Inc. to Report Q1, 2024 Results on May 07, 2024

Postal Realty Trust, Inc., Annual General Meeting, May 17, 2024

New minor risk - Shareholder dilution

Chief Financial Officer recently sold €81k worth of stock

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: US$0.18 (vs US$0.15 in FY 2022)

Postal Realty Trust, Inc. to Report Q4, 2023 Results on Feb 26, 2024

Third quarter dividend of US$0.24 announced

Postal Realty Trust, Inc. Declares Fourth Quarter 2023 Dividend, Payable on February 29, 2024

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

New minor risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$0.058 (vs US$0.037 in 3Q 2022)

Postal Realty Trust, Inc. to Report Q3, 2023 Results on Oct 30, 2023

New minor risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$0.052 (vs US$0.039 in 2Q 2022)

Postal Realty Trust, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Postal Realty Trust, Inc. Declares Dividend for Second Quarter 2023, Payable on August 31, 2023

Postal Realty Trust, Inc. Declares Quarterly Dividend, Payable on May 31, 2023

First quarter 2023 earnings released: FFO per share: US$0.3 (vs US$0.32 in 1Q 2022)

Upcoming dividend of US$0.24 per share at 5.9% yield

Postal Realty Trust, Inc. to Report Q4, 2022 Results on Mar 01, 2023

Postal Realty Trust Declares Fourth Quarter 2022 Dividend, Payable on February 28, 2023

Insufficient new directors

Postal Realty Trust, Inc. Declares Dividend for Third Quarter of 2022, Payable on November 28, 2022

Postal Realty Trust, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Postal Realty Trust, Inc. (NYSE:PSTL) acquired 216 Properties Comprising Approximately 599,000 Net Leasable Interior Square Feet for $87 million.

Postal Realty Trust Declares Dividend for Second Quarter of 2022, Payable on August 26, 2022

Postal Realty Trust, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Insufficient new directors

Postal Realty Trust, Inc. to Report Q1, 2022 Results on May 11, 2022

Upcoming dividend of US$0.23 per share

Insufficient new directors

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Postal Realty Trust, Inc. to Report Q4, 2021 Results on Mar 10, 2022

Upcoming dividend of US$0.23 per share

Postal Realty Trust, Inc. Declares Fourth Quarter 2021 Dividend, Payable on February 28, 2022

Third quarter 2021 earnings released: EPS US$0.039 (vs US$0.014 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.05 (vs US$0.046 loss in 2Q 2020)

Upcoming dividend of US$0.22 per share

First quarter 2021 earnings released: EPS US$0.011 (vs US$0.13 loss in 1Q 2020)

Postal Realty Trust, Inc. (NYSE:PSTL) acquired 54 USPS Properties for $25.8 million.

Postal Realty Trust Declares Dividend for the First Quarter 2021, Payable on May 28, 2021

Postal Realty Trust, Inc. to Report Fiscal Year 2020 Results on Mar 23, 2021

New 90-day high: €14.00

Postal Realty Trust, Inc. has completed a Follow-on Equity Offering in the amount of $49.5625 million.

Postal Realty Trust, Inc. (NYSE:PSTL) entered into definitive agreements to acquire 13 postal properties for approximately $18.5 million.

New 90-day high: €13.60

New 90-day high: €13.50

Third quarter 2020 earnings released: US$0.002 loss per share

Postal Realty Trust, Inc. to Report Q3, 2020 Results on Nov 10, 2020

Postal Realty Trust, Inc. (NYSE:PSTL) acquired 49,500 square foot postal property in Greensboro, North Carolina for approximately $4.6 million.

Postal Realty Trust, Inc. (NYSE:PSTL) agreed to acquire United Properties Holding, Inc. from Andrew Spodek.

Postal Realty Trust, Inc. (NYSE:PSTL) cancelled the acquisition of 154 Postal Properties.

Earnings released