Postal Realty Trust, Inc.

$615m committed across 1 active facility, next covenant test Sep 30, 2026. PSTL

Interest coverage: when the limit steps, and which way the company's ratio has been moving.

CovenantTestedHeadroomLimit now

Tested quarterly124.0%ratio 3.92x, estimated, vs 1.75x limit in force at Jun 30, 20261.75x

As of the last day of each Fiscal Quarter of Postal Realty REIT, the Unsecured Interest Coverage Ratio shall not be less than 1.75 to 1.0.

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Tested quarterlyHeadroom not yet measured1.50x

As of the last day of each Fiscal Quarter of Postal Realty REIT, the Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00.

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Tested quarterlyHeadroom not yet measuredn/a

As of the last day of each Fiscal Quarter of Postal Realty REIT, the Total Leverage Ratio shall not be (ii) at all other times, greater than 0.60 to 1.00.

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Tested quarterlyHeadroom not yet measured$313.2m

As of the last day of each Fiscal Quarter of Postal Realty REIT, the Tangible Net Worth shall be not less than the sum of (i) $313,217,274, plus (ii) 75% of the aggregate net proceeds received by Postal Realty REIT or any of its Material Subsidiaries after the Initial Closing Date in connection with any offering of Stock or Stock Equivalents of Postal Realty REIT or the Borrower (but without duplication of intercompany issuances).

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Tested quarterlyHeadroom not yet measuredn/a

As of the last day of each Fiscal Quarter of Postal Realty REIT, the Secured Leverage Ratio shall not be (ii) at all other times, greater than 0.40 to 1.00.

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Tested quarterlyHeadroom not yet measuredn/a

As of the last day of each Fiscal Quarter of Postal Realty REIT, the Unsecured Leverage Ratio shall not (ii) at all other times, be greater than 0.60 to 1.00.

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Tested otherHeadroom not yet measured700,000,000

At all times during the four (4) full Fiscal Quarters after the Initial Closing Date, Unencumbered Asset Value shall not be less than $700,000,000.

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Tested otherHeadroom not yet measuredn/a

At all times, the Unencumbered Assets shall have an Occupancy Rate on an aggregate basis of not less than 80%.

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Second Amended and Restated Credit Agreementunconfirmed

Signed Jul 2, 2026

Committed: $615m
Matures: Feb 2028
Agent: Truist Bank

Tranche	Size	Matures	Margin
2028 Term Loans	$90m	Feb 2028	75–155 bps
2029 Term Loans	$100m	Feb 2029	75–155 bps
Initial Term Loans	$150m	Jan 2031	75–155 bps
Revolving Facility	$275m	n/a	68–155 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

Level	Condition	Margin	Unused fee
Level I	Less than 0.35 to 1.00	115 bps	n/a
Level II	Less than 0.40 to 1.00, but greater than or equal to 0.35 to 1.00	120 bps	n/a
Level III	Less than 0.45 to 1.00, but greater than or equal to 0.40 to 1.00	125 bps	n/a
Level IV	Less than 0.50 to 1.00, but greater than or equal to 0.45 to 1.00	130 bps	n/a
Level V	Less than or equal to 0.55 to 1.00, but greater than or equal to 0.50 to 1.00	140 bps	n/a
Level VI	Greater than 0.55 to 1.00	155 bps	n/a

§1.1

Priced over Term SOFR, floor 0 bps (Term Loan A).

Level	Condition	Margin	Unused fee
Level I	Less than 0.35 to 1.00	110 bps	n/a
Level II	Less than 0.40 to 1.00, but greater than or equal to 0.35 to 1.00	115 bps	n/a
Level III	Less than 0.45 to 1.00, but greater than or equal to 0.40 to 1.00	120 bps	n/a
Level IV	Less than 0.50 to 1.00, but greater than or equal to 0.45 to 1.00	125 bps	n/a
Level V	Less than or equal to 0.55 to 1.00, but greater than or equal to 0.50 to 1.00	135 bps	n/a
Level VI	Greater than 0.55 to 1.00	150 bps	n/a

§1.1

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

Level	Condition	Margin	Unused fee
Level I	Greater than or equal to A3 / A-	68 bps	13 bps
Level II	Baa1 / BBB+	73 bps	15 bps
Level III	Baa2 / BBB	80 bps	20 bps
Level IV	Baa3 / BBB-	100 bps	25 bps
Level V	Less than Baa3 / BBB- or unrated	135 bps	30 bps

§1.1

Priced over Term SOFR, floor 0 bps (Term Loan A).

Level	Condition	Margin	Unused fee
Level I	Greater than or equal to A3 / A-	75 bps	n/a
Level II	Baa1 / BBB+	80 bps	n/a
Level III	Baa2 / BBB	90 bps	n/a
Level IV	Baa3 / BBB-	115 bps	n/a
Level V	Less than Baa3 / BBB- or unrated	155 bps	n/a

§1.1

Lenders: Truist Securities, Inc., M&T Bank, JPMorgan Chase Bank, N.A., The Bank of Nova Scotia, Mizuho Bank Ltd.

No amendments on file yet.

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