STAG INDUSTRIAL, INC. - STAG STOCK NEWS

STAG Industrial reported Q3 2024 financial results with net income of $41.8 million ($0.23 per share), down from $50.0 million ($0.28 per share) in Q3 2023. Core FFO increased 1.7% to $0.60 per share. The company achieved Cash NOI of $148.4 million, up from $140.7 million year-over-year.

During Q3, STAG acquired six buildings totaling 613,839 square feet for $113.0 million and sold one building for $22.6 million. Portfolio occupancy reached 97.1%. Leasing activity included 3.3 million square feet with rent increases of 24.6% on a cash basis.

STAG Industrial has announced its common stock dividends for the fourth quarter of 2024. The Board of Directors has maintained the monthly dividend at $0.123333 per share. The dividend schedule is as follows:

• October 2024: Record date - October 31, payment date - November 15
• November 2024: Record date - November 29, payment date - December 16
• December 2024: Record date - December 31, payment date - January 15, 2025

This consistent dividend payout demonstrates STAG Industrial's commitment to providing regular income to its shareholders.

STAG Industrial, Inc. (NYSE:STAG) has announced the release date for its third quarter 2024 operating and financial results. The company will disclose these results after market close on Tuesday, October 29, 2024. Following this, STAG Industrial will host its quarterly earnings conference call on Wednesday, October 30, 2024, at 10:00 a.m. Eastern Time.

Interested parties can access the call via phone or webcast. The toll-free phone number for U.S. callers is (877) 407-4018, while international callers can dial (201) 689-8471. A replay will be available shortly after the call. The webcast can be accessed through the Investor Relations section of the company's website or via a provided link.

STAG Industrial (NYSE:STAG) has successfully refinanced its $1 billion senior unsecured revolving credit facility. The new facility matures on September 8, 2028, with two six-month extension options, maintaining the same pricing terms. CFO Matts Pinard highlighted that this transaction has extended the company's weighted average debt maturities.

The refinancing involved several major financial institutions, with Wells Fargo Securities, as the Left Lead Arranger and Bookrunner, and BofA Securities, Inc. as a Joint Lead Arranger and Bookrunner. Other participating institutions include Bank of Montreal, Citibank, PNC Capital Markets, Regions Capital Markets, TD Bank, The Huntington National Bank, Truist Bank, and U.S. Bank, among others.

STAG Industrial (NYSE:STAG) announced its Q2 2024 financial results on July 30, 2024.

Key highlights include:

• Net income per basic and diluted share increased to $0.33 from $0.29 YoY.
• Net income attributable to common stockholders rose to $59.7M from $51.6M YoY.
• Core FFO per diluted share increased 8.9% to $0.61.
• Cash NOI grew 10.3% to $148.4M, while Same Store Cash NOI rose 6.1% to $138.2M.
• Cash Available for Distribution rose 9.1% to $95.1M.
• Acquired 10 buildings for $225.6M and sold 7 buildings for $78.2M.
• Achieved an occupancy rate of 97.1%.
• Moody's upgraded the company's outlook to 'Positive'.

STAG will host a conference call on July 31, 2024, at 10:00 a.m. Eastern Time to discuss these results.

STAG Industrial announced that its Board of Directors has maintained the monthly common stock dividend at $0.123333 per share. The company declared dividends for the third quarter of 2024, with the following details:

July 2024: Record Date - July 31, Payment Date - August 15, Dividend per Share - $0.123333

August 2024: Record Date - August 30, Payment Date - September 16, Dividend per Share - $0.123333

September 2024: Record Date - September 30, Payment Date - October 15, Dividend per Share - $0.123333

STAG Industrial (NYSE: STAG) announced it will release its Q2 2024 operating and financial results on July 30, 2024, after market close. This will be followed by a quarterly earnings conference call on July 31, 2024, at 10:00 a.m. Eastern Time. Investors can access the call toll-free at (877) 407-4018 or internationally at (201) 689-8471. A replay will be available post-call by dialing (844) 512-2921 domestically or (412) 317-6671 internationally, using the passcode 13747218. The call will also be webcast live on the company's Investor Relations website.

STAG Industrial announced the appointment of Vicki Lundy Wilbon to its Board of Directors effective July 1, 2024. Ms. Wilbon brings extensive experience from her role at The Integral Group, where she has been Executive Vice President since 2016 and a Principal since 2003. Her expertise in real estate development and management, particularly in urban revitalization projects, is expected to provide valuable insights to STAG Industrial. Ms. Wilbon also serves on various boards and holds a Bachelor of Science degree from Purdue University. The company highlights her fresh perspective and operational skills as key benefits for their strategy.

STAG Industrial (NYSE: STAG) announced its participation in the NAREIT 2024 Annual REITweek Conference, taking place this week.

In preparation for the conference, the company updated its investor presentation and business update, accessible on their website under the Investor Relations section.