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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, 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.
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.
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.
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.
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.
On July 13, 2021, STAG Industrial announced it will maintain its monthly common stock dividend at $0.120833 per share for the third quarter of 2021. The announced dividends are scheduled for July 30, August 31, and September 30, 2021, with payments on August 16, September 15, and October 15, 2021, respectively. As of March 31, 2021, STAG Industrial's portfolio consisted of 494 buildings across 39 states, totaling approximately 99.1 million rentable square feet.
STAG Industrial (NYSE: STAG) has announced a note purchase agreement to issue $325 million in fixed rate senior unsecured notes. The issuance includes $275 million in 2.80% notes maturing on September 29, 2031, and $50 million in 2.95% notes maturing on September 28, 2033. The offering, expected to close on or around September 28, 2021, will not be registered under the Securities Act of 1933. As of March 31, 2021, STAG's portfolio consists of 494 buildings across 39 states, totaling approximately 99.1 million rentable square feet.
STAG Industrial announced that it will release its second quarter 2021 operating and financial results on July 27, 2021, after market close. A conference call to discuss these results will take place on July 28, 2021, at 10:00 a.m. ET. Interested parties can join the call via phone or listen to a webcast on the Company's investor relations website. As of March 31, 2021, STAG's portfolio included 494 industrial properties across 39 states, totaling approximately 99.1 million rentable square feet.
STAG Industrial reported its Q1 2021 financial results, marking a significant decrease in net income. The company's net income attributable to common stockholders was $20.9 million ($0.13 per share), down 66.3% from $62.1 million ($0.42 per share) in Q1 2020. However, Core FFO rose 13.1% to $79.8 million ($0.49 per share). Cash NOI reached $103.7 million, a 10.6% increase year-over-year. The occupancy rate remains high at 97.0%. STAG acquired six properties for $100.2 million and raised $22 million in gross equity through its ATM program. The company maintains a strong liquidity position with $533 million.
STAG Industrial has promoted William R. Crooker to the position of President, alongside his roles as Chief Financial Officer and Treasurer. This decision, praised by Chairman Ben Butcher, acknowledges Crooker's significant contributions since joining the company in 2011. As of March 31, 2021, STAG Industrial owns 494 properties across 39 states, encompassing approximately 99.1 million rentable square feet. The board is confident that Crooker's leadership will bolster the company's strategic initiatives.
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