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Side-by-side financial comparison of Net Lease Office Properties (NLOP) and Postal Realty Trust, Inc. (PSTL). Click either name above to swap in a different company.
Net Lease Office Properties is the larger business by last-quarter revenue ($30.7M vs $26.0M, roughly 1.2× Postal Realty Trust, Inc.). Postal Realty Trust, Inc. runs the higher net margin — 17.9% vs -0.2%, a 18.0% gap on every dollar of revenue. On growth, Postal Realty Trust, Inc. posted the faster year-over-year revenue change (21.7% vs 10.9%). Over the past eight quarters, Postal Realty Trust, Inc.'s revenue compounded faster (22.6% CAGR vs -16.4%).
Net Lease Office Properties is a real estate investment entity focused on acquiring, owning, and operating high-quality single-tenant net lease office assets, primarily located across the United States. It delivers stable, long-term income streams to investors through its curated portfolio of commercial real estate holdings.
Postal Realty Trust, Inc. is a specialized real estate investment trust that acquires, owns, and manages properties primarily leased to the United States Postal Service. Its portfolio includes last-mile postal facilities, sorting centers, and retail post office locations across the U.S., supporting critical mail and package delivery infrastructure.
NLOP vs PSTL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.7M | $26.0M |
| Net Profit | $-53.0K | $4.6M |
| Gross Margin | — | — |
| Operating Margin | -0.2% | 39.2% |
| Net Margin | -0.2% | 17.9% |
| Revenue YoY | 10.9% | 21.7% |
| Net Profit YoY | 99.9% | 3.1% |
| EPS (diluted) | $-0.01 | $0.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $30.7M | $26.0M | ||
| Q3 25 | $29.8M | $24.3M | ||
| Q2 25 | $29.2M | $23.4M | ||
| Q1 25 | $29.2M | $22.1M | ||
| Q4 24 | $27.7M | $21.4M | ||
| Q3 24 | $31.5M | $19.7M | ||
| Q2 24 | $39.0M | $18.1M | ||
| Q1 24 | $44.0M | $17.3M |
| Q4 25 | $-53.0K | $4.6M | ||
| Q3 25 | $-64.2M | $3.8M | ||
| Q2 25 | $-81.5M | $3.6M | ||
| Q1 25 | $492.0K | $2.1M | ||
| Q4 24 | $-35.8M | $4.5M | ||
| Q3 24 | $-40.3M | $1.1M | ||
| Q2 24 | $12.5M | $817.0K | ||
| Q1 24 | $-27.8M | $206.0K |
| Q4 25 | -0.2% | 39.2% | ||
| Q3 25 | -215.2% | 37.6% | ||
| Q2 25 | -279.1% | 37.3% | ||
| Q1 25 | 2.0% | 28.4% | ||
| Q4 24 | -140.7% | 43.2% | ||
| Q3 24 | -126.4% | 24.3% | ||
| Q2 24 | 32.3% | 22.8% | ||
| Q1 24 | -62.7% | 17.6% |
| Q4 25 | -0.2% | 17.9% | ||
| Q3 25 | -215.4% | 15.7% | ||
| Q2 25 | -279.5% | 15.5% | ||
| Q1 25 | 1.7% | 9.4% | ||
| Q4 24 | -129.0% | 21.1% | ||
| Q3 24 | -128.0% | 5.4% | ||
| Q2 24 | 31.9% | 4.5% | ||
| Q1 24 | -63.3% | 1.2% |
| Q4 25 | $-0.01 | $0.16 | ||
| Q3 25 | $-4.33 | $0.13 | ||
| Q2 25 | $-5.50 | $0.12 | ||
| Q1 25 | $0.03 | $0.06 | ||
| Q4 24 | $-2.41 | $0.17 | ||
| Q3 24 | $-2.73 | $0.03 | ||
| Q2 24 | $0.84 | $0.02 | ||
| Q1 24 | $-1.88 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $119.6M | $1.5M |
| Total DebtLower is stronger | $21.9M | $361.1M |
| Stockholders' EquityBook value | $293.9M | $285.2M |
| Total Assets | $453.4M | $759.1M |
| Debt / EquityLower = less leverage | 0.07× | 1.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $119.6M | $1.5M | ||
| Q3 25 | $38.7M | $1.9M | ||
| Q2 25 | $54.1M | $1.1M | ||
| Q1 25 | $28.2M | $639.0K | ||
| Q4 24 | $25.1M | $1.8M | ||
| Q3 24 | $36.1M | $970.0K | ||
| Q2 24 | $36.1M | $1.7M | ||
| Q1 24 | $39.8M | $1.9M |
| Q4 25 | $21.9M | $361.1M | ||
| Q3 25 | $47.1M | $347.0M | ||
| Q2 25 | $117.2M | $328.8M | ||
| Q1 25 | $148.5M | $306.7M | ||
| Q4 24 | $169.2M | $296.7M | ||
| Q3 24 | $239.4M | $277.0M | ||
| Q2 24 | $327.4M | $273.7M | ||
| Q1 24 | $515.2M | $247.6M |
| Q4 25 | $293.9M | $285.2M | ||
| Q3 25 | $430.3M | $273.9M | ||
| Q2 25 | $500.0M | $250.8M | ||
| Q1 25 | $582.1M | $245.5M | ||
| Q4 24 | $581.2M | $251.3M | ||
| Q3 24 | $621.9M | $245.6M | ||
| Q2 24 | $660.3M | $245.5M | ||
| Q1 24 | $647.2M | $248.1M |
| Q4 25 | $453.4M | $759.1M | ||
| Q3 25 | $522.6M | $735.2M | ||
| Q2 25 | $668.7M | $689.8M | ||
| Q1 25 | $784.1M | $654.0M | ||
| Q4 24 | $805.1M | $646.8M | ||
| Q3 24 | $919.9M | $615.1M | ||
| Q2 24 | $1.0B | $608.2M | ||
| Q1 24 | $1.2B | $584.1M |
| Q4 25 | 0.07× | 1.27× | ||
| Q3 25 | 0.11× | 1.27× | ||
| Q2 25 | 0.23× | 1.31× | ||
| Q1 25 | 0.26× | 1.25× | ||
| Q4 24 | 0.29× | 1.18× | ||
| Q3 24 | 0.38× | 1.13× | ||
| Q2 24 | 0.50× | 1.11× | ||
| Q1 24 | 0.80× | 1.00× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $64.1M | $44.5M |
| Free Cash FlowOCF − Capex | — | $37.6M |
| FCF MarginFCF / Revenue | — | 144.5% |
| Capex IntensityCapex / Revenue | — | 26.7% |
| Cash ConversionOCF / Net Profit | — | 9.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $44.5M | ||
| Q3 25 | $16.3M | $10.9M | ||
| Q2 25 | $11.7M | $11.4M | ||
| Q1 25 | $14.1M | $10.8M | ||
| Q4 24 | $71.9M | $33.5M | ||
| Q3 24 | $20.3M | $8.0M | ||
| Q2 24 | $14.7M | $9.9M | ||
| Q1 24 | $26.4M | $6.4M |
| Q4 25 | — | $37.6M | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $30.7M | ||
| Q3 24 | — | $7.4M | ||
| Q2 24 | — | $8.9M | ||
| Q1 24 | — | $5.8M |
| Q4 25 | — | 144.5% | ||
| Q3 25 | — | 36.1% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 45.9% | ||
| Q4 24 | — | 143.8% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 33.6% |
| Q4 25 | — | 26.7% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 5.4% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | — | 9.59× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 3.16× | ||
| Q1 25 | 28.70× | 5.20× | ||
| Q4 24 | — | 7.44× | ||
| Q3 24 | — | 7.48× | ||
| Q2 24 | 1.18× | 12.10× | ||
| Q1 24 | — | 31.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
