| Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | ||
|---|---|---|---|---|---|---|
Assets | ||||||
Real estate properties | ||||||
Land | ||||||
25,147 | 16,827 | 14,208 | - | - | ||
Building and improvements | ||||||
92,873 | 57,177 | 48,796 | - | - | ||
Tenant improvements | ||||||
2,562 | 2,114 | 1,924 | - | - | ||
Total real estate properties | ||||||
120,583 | 76,120 | 64,928 | - | - | ||
Accumulated depreciation | ||||||
8,813 | 8,180 | 7,723 | - | - | ||
Total real estate properties, net | ||||||
111,770 | 67,939 | 57,205 | - | - | ||
Cash | ||||||
12,475 | 10,969 | 11,744 | - | - | ||
Rents and other receivables | ||||||
1,710 | 1,138 | 855 | - | - | ||
Prepaid expenses and other assets, net | ||||||
2,752 | 2,853 | 1,354 | - | - | ||
Escrow and reserves | ||||||
708 | 610 | 601 | - | - | ||
Deferred rent receivable | ||||||
33 | 31 | 23 | - | - | ||
In-place lease intangibles, net | ||||||
7,315 | 4,776 | 4,397 | - | - | ||
Above market leases, net | ||||||
22 | 9 | 12 | - | - | ||
Total Assets | ||||||
136,788 | 88,328 | 76,195 | - | - | ||
Liabilities and Equity | ||||||
Liabilities: | ||||||
Secured borrowings, net | ||||||
3,211 | - | - | - | - | ||
Secured borrowings, net | ||||||
- | 3,237 | 2,817 | - | - | ||
Revolving credit facility | ||||||
54,000 | 17,000 | - | - | - | ||
Accounts payable, accrued expenses and other | ||||||
3,152 | 4,224 | 4,224 | - | - | ||
Below market leases, net | ||||||
6,601 | 5,365 | 4,479 | - | - | ||
Due to affiliates | ||||||
- | 512 | 6,687 | - | - | ||
Total Liabilities | ||||||
66,964 | 30,339 | 18,208 | - | - | ||
Equity (Deficit): | ||||||
Class A common shares $0.01 par value; 500,000,000 shares authorized: 5,285,904 shares issued and outstanding as of December 31, 2019 | ||||||
52 | 52 | 52 | - | - | ||
Class B common shares $0.01 par value; 27,206, shares authorized: 27,206 shares issued and outstanding as of December 31, 2019 | ||||||
0 | 0 | 0 | - | - | ||
Additional paid-in capital | ||||||
51,396 | 46,502 | 46,250 | - | - | ||
Accumulated deficit | ||||||
-2,575 | -1,034 | -726 | - | - | ||
Total Stockholders' and Predecessor Equity (Deficit) | ||||||
48,873 | 45,521 | 45,577 | - | - | ||
Operating Partnership unitholders' non-controlling interests | ||||||
20,949 | 12,467 | 12,409 | - | - | ||
Total Equity (Deficit) | ||||||
69,823 | 57,988 | 57,986 | - | - | ||
Total Liabilities and Equity (Deficit) | ||||||
136,788 | 88,328 | 76,195 | - | - | ||
Predecessor [Member] | ||||||
Land | ||||||
- | - | - | - | 7,239 | ||
Building and improvements | ||||||
- | - | - | - | 29,550 | ||
Tenant improvements | ||||||
- | - | - | - | 1,646 | ||
Total real estate properties | ||||||
- | - | - | - | 38,435 | ||
Accumulated depreciation | ||||||
- | - | - | - | 7,121 | ||
Total real estate properties, net | ||||||
- | - | - | - | 31,313 | ||
Cash | ||||||
- | - | - | - | 262 | ||
Rents and other receivables | ||||||
- | - | - | - | 601 | ||
Prepaid expenses and other assets, net | ||||||
- | - | - | - | 146 | ||
Escrow and reserves | ||||||
- | - | - | - | 598 | ||
Deferred rent receivable | ||||||
- | - | - | - | 14 | ||
In-place lease intangibles, net | ||||||
- | - | - | - | 2,735 | ||
Above market leases, net | ||||||
- | - | - | - | 10 | ||
Total Assets | ||||||
- | - | - | - | 35,684 | ||
Secured borrowings, net | ||||||
- | - | - | - | 34,792 | ||
Accounts payable, accrued expenses and other | ||||||
- | - | - | - | 1,869 | ||
Below market leases, net | ||||||
- | - | - | - | 3,842 | ||
Deferred tax liability, net | ||||||
- | - | - | - | 793 | ||
Total Liabilities | ||||||
- | - | - | - | 41,297 | ||
UPH - No Par, 1,000 shares authorized; 1,000 shares issued and outstanding | ||||||
- | - | - | - | 4,000 | ||
NPM - No Par, 200 shares authorized; 200 shares issued and outstanding | ||||||
- | - | - | - | 0 | ||
Additional paid-in capital | ||||||
- | - | - | - | 3,441 | ||
Accumulated deficit | ||||||
- | - | - | - | -11,003 | ||
Members deficit | ||||||
- | - | - | - | -2,095 | ||
Total Stockholders' and Predecessor Equity (Deficit) | ||||||
- | - | - | - | -5,658 | ||
Non-controlling interests in properties | ||||||
- | - | - | - | 44 | ||
Total Equity (Deficit) | ||||||
- | - | - | - | -5,613 | ||
Total Liabilities and Equity (Deficit) | ||||||
- | - | - | - | 35,684 | ||
Nationwide Postal and Affiliates Predecessor | ||||||
Land | ||||||
- | - | - | 7,418 | - | ||
Buildings and improvements | ||||||
- | - | - | 30,014 | - | ||
Tenant improvements | ||||||
- | - | - | 1,664 | - | ||
Total real estate, gross | ||||||
- | - | - | 39,096 | - | ||
Less: accumulated depreciation | ||||||
- | - | - | 7,381 | - | ||
Total real estate, net | ||||||
- | - | - | 31,715 | - | ||
Cash | ||||||
- | - | - | 394 | - | ||
Rent and other receivables | ||||||
- | - | - | 492 | - | ||
Prepaid expenses and other assets | ||||||
- | - | - | 143 | - | ||
Escrows and reserves | ||||||
- | - | - | 600 | - | ||
Deferred rent receivable | ||||||
- | - | - | 19 | - | ||
In-place lease intangibles (net of accumulated amortization of $4,604,992 and $4,388,699, respectively) | ||||||
- | - | - | 2,589 | - | ||
Above market leases (net of accumulated amortization of $11,058 and $8,688, respectively) | ||||||
- | - | - | 8 | - | ||
Total assets | ||||||
- | - | - | 35,963 | - | ||
Mortgage loans payable, net | ||||||
- | - | - | 34,510 | - | ||
Accounts payable, accrued expenses and other | ||||||
- | - | - | 1,691 | - | ||
Below market leases (net of accumulated amortization of $1,613,665 and $1,525,540, respectively) | ||||||
- | - | - | 3,832 | - | ||
Deferred tax liability, net | ||||||
- | - | - | 727 | - | ||
Total liabilities | ||||||
- | - | - | 40,762 | - | ||
Common stock, UPH - no par, 1,000 shares authorized, 1,000 shares issued and outstanding | ||||||
- | - | - | 4,000 | - | ||
Common stock, NPM - no par, 200 shares authorized, issued and outstanding | ||||||
- | - | - | 0 | - | ||
Additional paid in capital | ||||||
- | - | - | 3,688 | - | ||
Accumulated equity (deficit) | ||||||
- | - | - | -11,177 | - | ||
Member's equity (deficit) | ||||||
- | - | - | -1,357 | - | ||
Noncontrolling interest | ||||||
- | - | - | 46 | - | ||
Total equity (deficit) | ||||||
- | - | - | -4,799 | - | ||
Total liabilities and equity (deficit) | ||||||
- | - | - | 35,963 | - | ||
Postal Realty Trust, Inc. | ||||||
Cash | ||||||
- | - | - | 1 | - | ||
Total assets | ||||||
- | - | - | 1 | - | ||
Common stock, $0.01 par value, 600,000,000 shares authorized, 1,000 shares issued and outstanding | ||||||
- | - | - | 0 | - | ||
Additional paid in capital | ||||||
- | - | - | 0 | - | ||
Total liabilities and equity (deficit) | ||||||
- | - | - | 1 | - | ||