STAG INDUSTRIAL ANNOUNCES TAX TREATMENT OF 2024 DIVIDENDS

Rhea-AI Summary

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.

Positive

• Consistent monthly dividend payments throughout 2024
• Qualified REIT dividend status maintained for tax benefits under Section 199A
• No foreign taxes incurred in 2024

Negative

• None.

BOSTON, Jan. 21, 2025 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced the tax treatment of its 2024 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 2024 COMMON DISTRIBUTIONS
CUSIP # 8524J 102
Ticker Symbol: STAG
Record Date	Payable Date	Total Distribution      Per Share	2024 Ordinary Taxable Dividends	2024 Capital Gain Distribution (3)(4)	2024 Unrecaptured Section 1250 Gain (1)	2024 Return of Capital Per Share	Section 199A Dividends (2)
12/29/23	01/16/24	$0.106655	$0.095919	$0.003192	$0.003192	$0.007544	$0.095919
01/31/24	02/15/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
02/29/24	03/15/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
03/28/24	04/15/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
04/30/24	05/15/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
05/31/24	06/17/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
06/28/24	07/15/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
07/31/24	08/15/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
08/30/24	09/16/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
09/30/24	10/15/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
10/31/24	11/15/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
11/29/24	12/16/24	$0.123333	$0.110918	$0.003691	$0.003691	$0.008724	$0.110918
12/31/24	01/15/25
Total		$1.463318	$1.316017	$0.043793	$0.043793	$0.103508	$1.316017
(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, 2024.
(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 2024 distributions, since all capital gain dividends
relate to Section 1231 gains.

The Company did not incur any foreign taxes in 2024. 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. The December 2024 monthly common stock dividend that was declared on October 9, 2024, and paid on January 15, 2025, of $0.123333 per share will be considered a dividend attributable to 2025 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, 2024, the Company's portfolio consists of 578 buildings in 40 states with approximately 114.5 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, 2023 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.

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SOURCE STAG Industrial, Inc.

FAQ

What is STAG Industrial's total dividend distribution per share for 2024?

STAG Industrial's total dividend distribution per share for 2024 was $1.463318.

How much of STAG's 2024 dividend is considered Return of Capital?

The Return of Capital portion of STAG's 2024 dividend was $0.103508 per share.

What is the monthly dividend amount for STAG Industrial in 2024?

STAG Industrial paid $0.123333 per share monthly from February through December 2024, with January at $0.106655.

What percentage of STAG's 2024 dividend is classified as Ordinary Taxable Dividends?

$1.316017 per share of the total distribution was classified as Ordinary Taxable Dividends, qualifying as REIT dividends under Section 199A.

When will STAG's December 2024 dividend be taxable?

STAG's December 2024 dividend, paid on January 15, 2025, will be considered a dividend attributable to 2025 for U.S. federal income tax purposes.