Stag Indl Inc Stock Price, News & Analysis

STAG Industrial (NYSE: STAG) has received a credit rating upgrade from Moody's Investor Services, raising its corporate credit rating to Baa2 with a stable outlook from the previous Baa3 with a positive outlook. The upgrade was attributed to STAG's strong credit profile, including robust leverage and fixed charge coverage metrics, excellent liquidity position, diversified portfolio, and access to unsecured debt capital.

According to CFO Matts Pinard, this upgrade will benefit the company by reducing its cost of debt and expanding access to a wider range of debt investors and products.

STAG Industrial reported strong financial results for Q1 2025, with net income per share reaching $0.49, a 145% increase from Q1 2024's $0.20. The company achieved Core FFO of $0.61 per diluted share, up 3.4% year-over-year.

Key highlights include:

• Cash NOI increased 8.1% to $157.2 million
• Same Store Cash NOI grew 3.4% to $144.6 million
• Acquired three buildings for $43.3 million with 100% occupancy
• Sold one building for $67 million, resulting in $49.9 million net gain
• Achieved 95.9% total portfolio occupancy
• Secured impressive 27.3% Cash Rent Change on new leases

The company demonstrated strong leasing momentum, addressing 78.5% of expected 2025 leasing activity and maintaining a robust 85.3% tenant retention rate. STAG's balance sheet remains strong with a Net Debt to Adjusted EBITDAre ratio of 5.2x and available liquidity of $493.1 million.

STAG Industrial (NYSE:STAG) has released its 2024 Sustainability Report, demonstrating the company's commitment to sustainable business practices. The report, announced on April 24, 2025, highlights STAG's ongoing dedication to creating lasting value through responsible environmental initiatives.

Company President and CEO Bill Crooker emphasized STAG's focus on practical and responsible sustainability efforts that align with their broader business objectives. The comprehensive report is now accessible to stakeholders through the company's website under the 'Featured Documents' section of the Investor Relations tab.

STAG Industrial (NYSE:STAG) has announced a significant private placement offering of $550 million in senior unsecured notes. The notes will be issued with a weighted average fixed interest rate of 5.65% and a weighted average tenor of 6.5 years.

The offering consists of three tranches:

• $350 million at 5.50% maturing June 25, 2030 (5-year term)
• $100 million at 5.82% maturing June 25, 2033 (8-year term)
• $100 million at 5.99% maturing June 25, 2035 (10-year term)

The transaction is expected to close on June 25, 2025. The notes will not be registered under the Securities Act of 1933 and cannot be offered or sold in the United States without registration or applicable exemption.

STAG Industrial (NYSE:STAG) has announced its second quarter 2025 monthly common stock dividend schedule. The Board of Directors maintained the monthly dividend at $0.124167 per share.

The dividends will be distributed according to the following schedule:

• April 2025: Record date April 30, payment date May 15
• May 2025: Record date May 30, payment date June 16
• June 2025: Record date June 30, payment date July 15

STAG Industrial (NYSE:STAG) has joined forces with EastGroup Properties, First Industrial Realty Trust, and Prologis to standardize key non-GAAP property metrics across the industrial REIT sector.

The coalition has updated their methodology for calculating metrics including property stabilization, occupancy, rent change, and customer retention. The initiative builds upon their 2018 harmonization efforts and maintains that annual same-store portfolio calculations will only include properties stabilized in both current and prior periods.

The standardization will be implemented in STAG Industrial's 2025 guidance and is not expected to materially impact non-GAAP metrics for pre-2025 periods. While some minor calculation differences may persist, the initiative aims to enhance sector-wide consistency and comparability.

STAG Industrial (NYSE:STAG) has scheduled the release of its first quarter 2025 operating and financial results after market close on Tuesday, April 29, 2025. The company will follow up with a quarterly earnings conference call on Wednesday, April 30, 2025, at 10:00 a.m. Eastern Time.

Investors and interested parties can access the call through multiple channels:

• Toll-free phone number (877) 407-4018 for domestic callers
• International line (201) 689-8471
• Webcast available on the Investor Relations section of STAG's website

STAG Industrial (NYSE:STAG) has secured a new lease agreement for 102,060 square feet of warehouse and distribution space at its Wellford, SC development project. The 30-month lease, commencing April 1, 2025, was signed with a wholesale apparel and promotional product distributor and includes 3.5% annual rent escalations.

The property at 452 Casual Drive, completed in June 2024, is now 69% leased. This new agreement brings STAG's completed development portfolio to an aggregate lease-up rate of 51%.

STAG Industrial (NYSE: STAG) reported strong Q4 and full-year 2024 financial results. Net income per share reached $0.28 in Q4 2024, up from $0.23 in Q4 2023. Core FFO per diluted share increased 5.2% to $0.61 in Q4 2024 compared to $0.58 in Q4 2023.

Key highlights include: Cash NOI grew 8.6% to $155.5 million in Q4 2024; Same Store Cash NOI rose 4.4% to $139.2 million; the company acquired 15 buildings totaling 2.4 million square feet for $293.7 million with 100% occupancy; total portfolio occupancy stood at 96.5%. Lease renewals achieved strong rent growth with Cash Rent Change of 19.4% and Straight-Line Rent Change of 34.9%.

For full-year 2024, the company acquired 32 buildings totaling 6 million square feet for $682.4 million and maintained a robust 76.6% tenant retention rate. As of February 2025, STAG has already addressed 70.2% of expected 2025 leasing, achieving 23.8% Cash Rent Change across 9.7 million square feet.