Welcome to our dedicated page for Stag Indl news (Ticker: STAG), a resource for investors and traders seeking the latest updates and insights on Stag Indl stock.
STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust (REIT) that specializes in the acquisition and operation of single-tenant, industrial properties across the United States. The company primarily focuses on warehouses and distribution buildings, contributing significantly to the logistics and supply chain sectors.
STAG Industrial meticulously identifies value in various markets, industries, and tenant types utilizing a proprietary risk assessment model. Properties are typically acquired with purchase prices ranging from $5 million to $50 million, ensuring a diversified and balanced portfolio. The company generates nearly all its income from rental income derived from its extensive network of properties, primarily located in Midwestern and Eastern U.S. cities.
Recent Achievements:
- For Q2 2023, STAG achieved record leasing spreads, showcasing robust operational results driven by resilient market trends.
- In Q3 2023, the company acquired 12 buildings worth $204.3 million, reflecting an 84.7% occupancy rate upon acquisition.
- In Q4 2023, STAG set quarterly records for Cash Rent Change and Same Store Cash NOI, indicating strong financial health and growth potential.
- In Q1 2024, the company maintained an occupancy rate of 100% upon acquiring a new building for $50.1 million.
Financial Condition:
- As of Q4 2023, STAG had a Net Debt to Annualized Run Rate Adjusted EBITDAre of 4.9x and liquidity of $615.4 million.
- As of Q1 2024, Net Debt to Annualized Run Rate Adjusted EBITDAre remained at 4.9x, with liquidity at $574.1 million.
Partnerships and Projects: STAG's clients include prominent air freight and logistics firms, automotive industries, and industrial equipment companies. The company's strategic focus on single-tenant properties ensures stable and predictable revenue streams, enhancing its market position.
Development and Growth Initiatives: The company continues to invest in development projects and has shown considerable progress in stabilizing acquisitions. STAG also manages an active pipeline of potential transactions, adapting to market conditions and capitalizing on opportunities as they arise.
STAG Industrial's commitment to strategic acquisitions, operational efficiency, and market adaptability positions it as a key player in the industrial real estate sector. For more information, visit the company’s website at www.stagindustrial.com.
STAG Industrial (NYSE: STAG) reported strong Q4 and full-year 2024 financial results. Net income per share reached $0.28 in Q4 2024, up from $0.23 in Q4 2023. Core FFO per diluted share increased 5.2% to $0.61 in Q4 2024 compared to $0.58 in Q4 2023.
Key highlights include: Cash NOI grew 8.6% to $155.5 million in Q4 2024; Same Store Cash NOI rose 4.4% to $139.2 million; the company acquired 15 buildings totaling 2.4 million square feet for $293.7 million with 100% occupancy; total portfolio occupancy stood at 96.5%. Lease renewals achieved strong rent growth with Cash Rent Change of 19.4% and Straight-Line Rent Change of 34.9%.
For full-year 2024, the company acquired 32 buildings totaling 6 million square feet for $682.4 million and maintained a robust 76.6% tenant retention rate. As of February 2025, STAG has already addressed 70.2% of expected 2025 leasing, achieving 23.8% Cash Rent Change across 9.7 million square feet.
STAG Industrial (NYSE:STAG) has announced the successful sale of a 337,391 square foot building in Nashua, New Hampshire for $67.0 million. The transaction, completed on January 31st, represents a Cash Capitalization Rate of 4.9%. The property, which was originally acquired in 2014 for approximately $11.7 million at an 8.2% Cash Capitalization Rate, generated a 20.8% unlevered internal rate of return over the holding period.
CEO Bill Crooker highlighted that the significant cap rate compression achieved from the sale demonstrates the operations team's effectiveness in delivering positive results, while positioning STAG to pursue accretive capital recycling opportunities in 2025.
STAG Industrial (NYSE: STAG) has released its tax treatment details for 2024 dividends. The company distributed a total of $1.463318 per share throughout 2024, comprising:
- $1.316017 as Ordinary Taxable Dividends (qualified REIT dividend for Section 199A)
- $0.043793 as Capital Gain Distribution
- $0.043793 as Unrecaptured Section 1250 Gain
- $0.103508 as Return of Capital
Monthly dividends were consistently paid at $0.123333 per share from February through December 2024, with January's payment at $0.106655. The December 2024 dividend paid on January 15, 2025, will be considered for 2025 tax purposes.
STAG Industrial (NYSE:STAG) has announced an increase in its monthly common stock dividend. The Board of Directors has set the new monthly dividend at $0.124167 per share, which amounts to an annualized dividend of $1.49 per share.
The company has declared the following first quarter 2025 dividend payments:
- January 2025: Record date January 31, payment date February 18
- February 2025: Record date February 28, payment date March 17
- March 2025: Record date March 31, payment date April 15
STAG Industrial (NYSE: STAG) has announced it will release its fourth quarter and full year 2024 operating and financial results after market close on Wednesday, February 12, 2025. The company will host its quarterly earnings conference call on Thursday, February 13, 2025, 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 with passcode 13750737 by dialing (844) 512-2921 domestically or (412) 317-6671 internationally. Additionally, interested parties can access a simultaneous webcast through the company's Investor Relations website section.
STAG Industrial (NYSE:STAG) has announced its participation in NAREIT's REITworld 2024 Annual Conference during the week of November 18, 2024. In preparation for the event, the company has updated its investor presentation materials and business update presentation, which are now available on their website under the Investor Relations section's Presentations tab.
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.
FAQ
What is the current stock price of Stag Indl (STAG)?
What is the market cap of Stag Indl (STAG)?
What is STAG Industrial, Inc.?
What types of properties does STAG Industrial invest in?
How does STAG Industrial generate its income?
Where are STAG Industrial's properties located?
What was a recent achievement of STAG Industrial in Q2 2023?
How did STAG Industrial perform in Q3 2023?
What financial metrics highlight STAG Industrial's performance in Q4 2023?
How did STAG Industrial start 2024?
What is the company's liquidity position as of Q1 2024?
Where can I find more information about STAG Industrial?
