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MRP vs PSTL

Millrose Properties, Inc. and Postal Realty Trust, Inc

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Millrose Properties, Inc.

Millrose purchases and develops residential land and sells finished homesites to homebuilders by way of option contracts with predetermined costs and takedown schedules. Millrose serves as a solution for homebuilders seeking to expand access to finished homesites while implementing an asset-light strategy. As fully developed homesites are sold by Millrose, capital is recycled into future land acquisitions for homebuilders, providing customers with durable access to community growth.

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Postal Realty Trust, Inc

Postal Realty Trust, Inc. (NYSE: PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service (USPS). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions. As of June 30, 2025, PSTL owned 1,806 properties (including two properties accounted for as financing leases) located in 49 states and one territory comprising approximately 6.8 million net leasable interior square feet. Subsequent to quarter-end and through July 18, 2025, PSTL closed on 23 additional properties comprising approximately 60,000 net leasable interior square feet.

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