STAG INDUSTRIAL, INC. - STAG STOCK NEWS

On November 9, 2020, STAG Industrial (NYSE:STAG) announced its commitment to the 'Get The Test Boston' pledge, supporting COVID-19 testing awareness among its employees. CEO Ben Butcher expressed the company's dedication to maintaining employee health and contributing to the economic vibrancy of Boston. As of September 30, 2020, STAG Industrial's portfolio consists of 462 properties across 38 states, encompassing approximately 92.3 million rentable square feet. This initiative reflects the company's ongoing efforts to prioritize employee well-being amid the pandemic.

STAG Industrial reported strong financial results for Q3 2020, with a net income of $22.4 million ($0.15 per share), a significant increase from $9.5 million in Q3 2019. Core FFO rose 16.7% to $70.7 million, maintaining a Core FFO per diluted share of $0.46. Cash NOI grew by 15.4% to $95.2 million. STAG acquired five buildings for $64.7 million at a 6.3% cash capitalization rate and sold one property for $20 million, resulting in a $9.1 million gain. The company reported an occupancy rate of 96.3% and collected 98.2% of Q3 rental billings, indicating robust operational performance.

On October 9, 2020, STAG Industrial declared a monthly common stock dividend of $0.120000 for Q4 2020, with record dates on October 30, November 30, and December 31, and payment dates on November 16, December 15, and January 15, 2021. The Board also declared preferred stock dividends of $0.4296875 for the Series C - 6.875% Cumulative Redeemable Preferred Stock. As of June 30, 2020, STAG's portfolio included 457 properties across 38 states, covering approximately 91.8 million rentable square feet.

STAG Industrial announced that it will release its third quarter 2020 operational and financial results after the market closes on November 5, 2020. A conference call to discuss these results is set for November 6, 2020, at 10:00 a.m. Eastern Time. Investors can access the call by dialing (877) 407-4018 in the U.S. or (201) 689-8471 internationally. Additionally, a replay will be available following the call using the passcode 13711004. STAG Industrial, a leader in the acquisition and operation of industrial properties, boasts a portfolio of 457 buildings across 38 states.

On August 17, 2020, STAG Industrial announced a 64-month early lease renewal with a major American automaker for its 1.1 million square foot warehouse in Memphis, TN. This extends the lease to November 2029, increasing the remaining lease term to over nine years. The agreement involves minimal transaction costs and incorporates a 2% annual rent escalation. STAG acquired the property in 2019, and CEO Ben Butcher emphasized the transaction's reflection of the company's operational strength.

STAG Industrial (NYSE:STAG) has signed a significant 1 million square foot lease with a leading book publisher at its Hampstead, MD facility, effective August 1, 2020. The lease spans five and a half years, featuring five months of free rent, minimal tenant improvements, and annual rent increases of 3%. This strategic leasing agreement highlights the strength of STAG's portfolio and operational capabilities, demonstrating their ability to outperform expectations.

STAG Industrial reported its Q2 2020 financial results, showing a net income of $17.6 million or $0.12 per share, up from $12.4 million or $0.10 per share in Q2 2019. Core FFO increased 23.5% to $71.8 million, with Core FFO per share at $0.47. Cash NOI rose 24.5% to $96.6 million. The company acquired two buildings for $11.9 million and sold one for $2.4 million. Occupancy rates stood at 97.0%, with 98.0% of rental billings collected from Q2.

STAG Industrial declared its monthly common stock dividend at $0.120000 for July, August, and September 2020. The record dates for these dividends are July 31, August 31, and September 30, respectively, with payment dates on August 17, September 15, and October 15, 2020. Additionally, the board announced a preferred stock dividend of $0.4296875 for Series C, payable on September 30, 2020, to shareholders of record on September 15, 2020. As of March 31, 2020, the company manages 456 industrial properties across 38 states, totaling approximately 91.8 million square feet of rentable space.

STAG Industrial announced that it will release its second quarter 2020 operating and financial results after market close on July 28, 2020. A conference call will be held on July 29, 2020, at 10:00 a.m. Eastern Time, where interested parties can dial in or access via webcast on the Company's website. As of March 31, 2020, STAG Industrial's portfolio comprises 456 buildings across 38 states, amounting to approximately 91.8 million rentable square feet.