The Company's IPO and Formation Transactions (Tables)

6 Months Ended

Jun. 30, 2020

The Company's Initial Public Offering and Formation Transactions [Abstract]

Schedule of predecessor statement of operations

	Predecessor						Postal Realty Trust, Inc.
	April 1,			January 1,			May 17,
	2019			2019			2019
	through			through			through
	May 16,			May 16,			June 30,
	2019			2019			2019
Revenues:
Rental income	$	756,969		$	2,249,355		$	1,099,459
Tenant reimbursements		111,219			348,075			162,010
Fee and other income		141,033			427,959			135,292
Total revenues		1,009,221			3,025,389			1,396,761
Operating Expenses:
Real estate taxes		117,723			367,512			171,048
Property operating expenses		115,010			366,716			133,576
General and administrative		106,557			483,448			861,475
Depreciation and amortization		245,313			725,756			522,459
Total operating expenses		584,603			1,943,432			1,688,558
Income (loss) from operations		424,618			1,081,957			(291,797	)
Interest expense, net:
Contractual interest expense		(212,352	)		(570,819	)		(15,688	)
Amortization of deferred financing costs		(1,592	)		(4,773	)		(262	)
Loss on early extinguishment of Predecessor debt		-			-			(185,586	)
Interest income		-			1,134			1,124
Total interest expense, net		(213,944	)		(574,458	)		(200,412	)
Income (loss) before income tax expense		210,674			507,499			(492,209	)
Income tax expense		-			(39,749	)		(6,259	)
Net income (loss)		210,674			467,750			(498,468	)
Less:
Net income attributable to noncontrolling interest in properties		(1,493	)		(4,336	)		-
Net income attributable to Predecessor	$	209,181		$	463,414			-
Net loss attributable to Operating Partnership unitholders’ noncontrolling interests								106,672
Net loss attributable to common stockholders							$	(391,796	)