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STAG INDUSTRIAL ANNOUNCES TAX TREATMENT OF 2023 DIVIDENDS

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STAG Industrial, Inc. (NYSE:STAG) announced the tax treatment of its 2023 dividends for common stockholders. The total distribution per share for 2023 was $1.485012, with $1.243518 being ordinary taxable dividends and $0.241494 as capital gain distribution. Shareholders are advised to consult with their tax advisors for specific treatment.
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BOSTON, Jan. 16, 2024 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG) today announced the tax treatment of its 2023 dividends to holders of its common stock.

The tax treatment for the common stock dividend is detailed in the investor relations section on the Company's website and is summarized below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment.

TAX TREATMENT OF 2023 COMMON DISTRIBUTIONS

CUSIP # 8524J 102







Ticker Symbol: STAG







Record Date

Payable Date

Total Distribution
Per Share

2023 Ordinary
Taxable Dividends

2023 Capital Gain
Distribution
(3)(4)

2023 Unrecaptured
Section 1250 Gain
(1)

2023 Return of
Capital Per Share

Section 199A
Dividends
(2)

12/30/22

01/17/23

$0.121667

$0.101881

$0.019786

$0.007360

$0.000000

$0.101881

01/31/23

02/15/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

02/28/23

03/15/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

03/31/23

04/17/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

04/28/23

05/15/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

05/31/23

06/15/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

06/30/23

07/17/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

07/31/23

08/15/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

08/31/23

09/15/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

09/29/23

10/16/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

10/31/23

11/15/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

11/30/23

12/15/23

$0.122500

$0.102579

$0.019921

$0.007410

$0.000000

$0.102579

12/29/23

01/16/24

$0.015845

$0.013268

$0.002577

$0.000959

$0.000000

$0.013268

Total


$1.485012

$1.243518

$0.241494

$0.089829

$0.000000

$1.243518









(1) The amount reported as Unrecaptured Section 1250 Gain is a subset of, and is included in, the Capital Gain Distribution.



(2) The amount reported as Ordinary Taxable Dividends is treated as a qualified REIT dividend for purposes of Section 199A.



(3) The Section 897 Capital Gain amount is equal to 100% of the total Capital Gain Distribution to shareholders for tax year ended December 31, 2023.


(4) Pursuant to Treasury Regulation §1.1061-6(c), STAG Industrial, Inc. is disclosing additional information related to the Capital Gain Distributions reported 

on Form 1099-DIV, for purposes of Section 1061. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests." The 

One Year Amounts and "Three Year Amounts" required to be disclosed are both zero with respect to the 2023 distributions, since all capital gain dividends 

relate to Section 1231 gains.    

The Company did not incur any foreign taxes in 2023. The December 2023 monthly common stock dividend that was declared on October 11, 2023, and paid on January 16, 2024, of $0.122500 per share will be considered a dividend partially attributable to 2023 and 2024 for U.S. federal income tax purposes.

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership and operation of industrial properties throughout the United States. As of September 30, 2023, the Company's portfolio consists of 568 buildings in 41 states with approximately 112.0 million rentable square feet.

For additional information, please visit the Company's website at www.stagindustrial.com.

Forward-Looking Statements

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "will," "expect," "intend," "anticipate," "estimate," "should," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's annual report on Form 10-K for the year ended December 31, 2022 as updated by the Company's quarterly reports on Form 10-Q. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/stag-industrial-announces-tax-treatment-of-2023-dividends-302036132.html

SOURCE STAG Industrial, Inc.

FAQ

What is the ticker symbol for STAG Industrial, Inc.?

The ticker symbol for STAG Industrial, Inc. is STAG.

What was the total distribution per share for 2023?

The total distribution per share for 2023 was $1.485012.

What portion of the distribution was ordinary taxable dividends?

The portion of the distribution that was ordinary taxable dividends for 2023 was $1.243518.

What portion of the distribution was capital gain distribution?

The portion of the distribution that was capital gain distribution for 2023 was $0.241494.

What is the CUSIP number for STAG Industrial, Inc.?

The CUSIP number for STAG Industrial, Inc. is 8524J 102.

When is the payable date for the 2023 dividends?

The payable date for the 2023 dividends was January 16, 2024.

What is the record date for the 2023 dividends?

The record date for the 2023 dividends was December 30, 2022.

What is the Section 199A Dividends for 2023?

The Section 199A Dividends for 2023 was $0.102579 per share.

STAG INDUSTRIAL, INC.

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