STOCK TITAN

Stag Indl Inc - STAG STOCK NEWS

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.

Rhea-AI Summary

STAG Industrial, Inc. (NYSE:STAG) announced a public offering of 8,000,000 shares of common stock, aiming for gross proceeds of approximately $340.0 million. The offering includes 5,250,000 shares directly from the Company and 2,750,000 under a forward sale agreement. The underwriters also have a 30-day option for an additional 1,200,000 shares. Proceeds will fund acquisitions, repay debt, and support general corporate needs. Closing is expected on November 8, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.38%
Tags
-
Rhea-AI Summary

On November 3, 2021, STAG Industrial announced an underwritten public offering of 8,000,000 shares of common stock, including 5,250,000 shares offered directly and 2,750,000 shares via a forward sale agreement. The offering aims to raise funds for acquisitions, debt repayment, and working capital. The underwriters will have a 30-day option to purchase an additional 1,200,000 shares. The Company currently holds a portfolio of 517 buildings across 40 states, covering approximately 103.4 million rentable square feet.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.38%
Tags
-
Rhea-AI Summary

STAG Industrial, NYSE: STAG, reported robust financial results for Q3 2021, highlighting a significant increase in net income and Core FFO. The net income rose to $48.4 million ($0.30/share), up from $22.4 million ($0.15/share) YoY. Core FFO reached $88.1 million ($0.53/share), showing a 24.6% increase. Cash NOI was $111.1 million, a 16.8% increase. The company acquired 24 buildings for $427.2 million, enhancing its portfolio while maintaining a high occupancy rate of 95.9%. Additionally, STAG raised $127.5 million of equity through its ATM program.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
none
Rhea-AI Summary

On October 28, 2021, STAG Industrial announced the successful sale of its 350,326 square foot building in Taunton, Massachusetts, generating gross proceeds of $78 million at a cash capitalization rate of 3.1%. The property, acquired vacant in February 2019, underwent significant value enhancement through an 18-month lease and a subsequent 10-year lease with a prestigious e-commerce tenant. CEO Ben Butcher highlighted this sale as a testament to the company's industrial real estate platform. As of September 30, 2021, STAG's portfolio comprises 517 buildings across 40 states with approximately 103.4 million rentable square feet.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
none
-
Rhea-AI Summary

STAG Industrial (NYSE:STAG) announced the refinancing of its $750 million senior unsecured revolving credit facility and a $150 million term loan maturing in 2022. The new revolving facility matures on October 24, 2025 and features improved pricing at LIBOR plus 0.775%. The term loan has also been refinanced with a new rate of LIBOR plus 0.85%, maturing on March 15, 2027, and features an interest rate swap fixing the rate at 2.15%. These changes extend debt maturities and reduce borrowing costs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
none
-
Rhea-AI Summary

STAG Industrial, Inc. announced on October 18, 2021, that it achieved a GRESB Public Disclosure Level of 'B' for 2021, marking its second consecutive year at this rating. This score is notably above the average 'C' rating of all companies evaluated by GRESB, placing STAG second among ten industrial real estate firms. The GRESB ranking highlights the company's commitment to environmental, social, and governance (ESG) principles, which are expected to expand alongside its growing portfolio, currently consisting of 501 buildings across 39 states, totaling approximately 100.1 million rentable square feet.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
none
Rhea-AI Summary

On October 13, 2021, STAG Industrial declared its monthly dividend of $0.120833 per share, maintaining this amount for the fourth quarter. The record dates for the dividends are October 29, November 30, and December 31, 2021, with corresponding payment dates on November 15, December 15, and January 18, 2022, respectively. The company continues to focus on acquiring and operating single-tenant industrial properties across the U.S., with a portfolio of 501 buildings spanning approximately 100.1 million rentable square feet as of June 30, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
dividends
-
Rhea-AI Summary

STAG Industrial will announce its third quarter 2021 operating and financial results on October 28, 2021, after market close. The earnings conference call is scheduled for October 29, 2021, at 10:00 a.m. ET. Interested parties can participate by calling (877) 407-4018 or through a webcast on the Company’s website. As of June 30, 2021, STAG's portfolio included 501 buildings across 39 states, totaling approximately 100.1 million rentable square feet. For more details, visit www.stagindustrial.com.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
conferences
-
Rhea-AI Summary

STAG Industrial (NYSE:STAG) will participate in several key real estate conferences in September 2021. CEO Ben Butcher will join a virtual panel at the Evercore ISI Real Estate Conference on September 9 at 9:30 a.m. ET. The company has released a business update presentation accessible on its website. STAG Industrial focuses on acquiring and operating single-tenant industrial properties across the U.S., with a portfolio of 501 buildings totaling approximately 100.1 million rentable square feet as of June 30, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.25%
Tags
conferences
Rhea-AI Summary

STAG Industrial reported its Q2 2021 financial results, demonstrating significant growth compared to Q2 2020. The company achieved net income of $32.6 million, or $0.20 per share, up 85.6%. Core FFO rose 20.2% to $86.3 million, with a Core FFO per share of $0.52, marking a 10.6% increase. Cash NOI reached $108.8 million, a 12.6% increase from last year. The company acquired nine buildings totaling 1.3 million square feet for $126.7 million, and maintained a strong occupancy rate of 96.8%. STAG also raised $42.2 million via its ATM program.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
none

FAQ

What is the current stock price of Stag Indl (STAG)?

The current stock price of Stag Indl (STAG) is $35.98 as of February 28, 2025.

What is the market cap of Stag Indl (STAG)?

The market cap of Stag Indl (STAG) is approximately 6.7B.

What is STAG Industrial, Inc.?

STAG Industrial, Inc. is a real estate investment trust (REIT) that focuses on acquiring and operating single-tenant industrial properties across the United States.

What types of properties does STAG Industrial invest in?

STAG Industrial primarily invests in warehouses and distribution buildings, catering to logistics, automotive, and industrial equipment sectors.

How does STAG Industrial generate its income?

STAG Industrial generates nearly all of its income from rental income derived from its portfolio of warehouse and distribution properties.

Where are STAG Industrial's properties located?

STAG Industrial's properties are predominantly located in Midwestern and Eastern U.S. cities.

What was a recent achievement of STAG Industrial in Q2 2023?

In Q2 2023, STAG Industrial achieved record leasing spreads, demonstrating strong operational results.

How did STAG Industrial perform in Q3 2023?

In Q3 2023, STAG Industrial acquired 12 buildings with a combined value of $204.3 million and maintained an occupancy rate of 84.7% upon acquisition.

What financial metrics highlight STAG Industrial's performance in Q4 2023?

In Q4 2023, STAG Industrial set records for Cash Rent Change and Same Store Cash NOI, reflecting strong financial health and growth.

How did STAG Industrial start 2024?

In Q1 2024, STAG Industrial maintained a 100% occupancy rate for a newly acquired building worth $50.1 million.

What is the company's liquidity position as of Q1 2024?

As of Q1 2024, STAG Industrial's liquidity was $574.1 million, with a Net Debt to Annualized Run Rate Adjusted EBITDAre of 4.9x.

Where can I find more information about STAG Industrial?

For more information about STAG Industrial, Inc., please visit their official website at http://www.stagindustrial.com.
Stag Indl Inc

NYSE:STAG

STAG Rankings

STAG Stock Data

6.65B
184.58M
0.14%
91.38%
1.16%
REIT - Industrial
Real Estate Investment Trusts
Link
United States
BOSTON