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 (STAG) is a real estate investment trust specializing in industrial properties, including warehouses and distribution centers across key U.S. markets. This page serves as a comprehensive resource for investors and industry professionals seeking timely updates on the company's financial performance and strategic direction.
Access official press releases, earnings reports, and analysis of STAG's property acquisitions and portfolio expansions. Our curated collection focuses on operational developments, lease agreements, and market positioning within the industrial REIT sector.
Key updates include quarterly financial results, strategic partnerships, and insights into the company's risk assessment methodology for property investments. Content is organized to provide clarity on how STAG maintains its focus on single-tenant assets while adapting to evolving logistics real estate demands.
Bookmark this page for direct access to verified information about Stag Industrial's growth initiatives and industry leadership. Check back regularly for neutral, factual reporting designed to support informed decision-making in commercial real estate investments.
On January 15, 2021, STAG Industrial announced the tax treatment for its 2020 dividends for both common and preferred stockholders. The total distribution per share for common stock amounted to $1.510837, with $1.186648 classified as ordinary taxable dividends. The preferred stockholders received a total of $1.718752 per share, with $1.349944 as ordinary taxable dividends. The December dividend paid on January 15, 2021, was partly attributed to 2020 and 2021 tax periods. Shareholders are advised to consult their tax advisors for personalized tax treatment.
STAG Industrial has announced an increase in its monthly common stock dividend to $0.120833, amounting to an annual dividend of $1.45. The first quarter 2021 dividends will be paid on three specific dates in February and March 2021: February 16 and March 15 for January and February dividends, respectively, and April 15 for March dividends. Additionally, the Company declared a preferred stock dividend of $0.4296875 for Series C, to be paid March 31, 2021. STAG Industrial operates a portfolio of 462 buildings in 38 states, totaling approximately 92.3 million rentable square feet.
STAG Industrial will publish its fourth quarter and full year 2020 financial results on February 10, 2021, after market close. The earnings conference call is set for February 11, 2021, at 10:00 a.m. ET. Interested listeners can join by dialing (877) 407-4018 or via a webcast on their investor relations website. As of September 30, 2020, STAG's portfolio comprises 462 buildings across 38 states, totaling approximately 92.3 million rentable square feet.
STAG Industrial has completed the sale of a one million square foot building in Burlington, New Jersey for $110.5 million, achieving a cash capitalization rate of 5.4%. This transaction is part of the Company's largest annual disposition, totaling $279.4 million from seven properties sold in 2020, previously acquired at an 8.2% capitalization rate. CEO Ben Butcher expressed confidence in utilizing the proceeds for further growth.
STAG Industrial, Inc. (NYSE:STAG) announced a score of 'B' from GRESB for its 2020 Public Disclosure assessment, marking an improvement for the second consecutive year. This score surpasses the average 'C' rating for all companies evaluated by GRESB, positioning STAG second among nine rated industrial companies. The company, focused on acquiring and operating single-tenant industrial properties, manages a portfolio of 462 buildings across 38 states, totaling approximately 92.3 million rentable square feet.
On December 10, 2020, STAG Industrial announced grants from its Charitable Action Fund to six organizations, including Heading Home and the New Commonwealth Racial Equity and Social Justice Fund. These contributions are part of multi-year commitments aimed at enhancing community welfare and opportunity. CEO Ben Butcher emphasized the Fund's role in promoting health and equality. As of September 30, 2020, STAG's portfolio comprises 462 industrial properties across 38 states, totaling approximately 92.3 million rentable square feet.
STAG Industrial (NYSE:STAG) reported a boost in acquisition activity during Q4 2020, securing 13 buildings totaling 4 million square feet for $297.9 million. The company expects to close an additional $307.5 million in acquisitions, bringing the 2020 total to $801.3 million. A major sale of a one million square foot building in Burlington, NJ, is also anticipated to yield over $100 million. Furthermore, Same Store Cash NOI is projected to increase to 1.25%-1.75%, up from a previous estimate of 0.75%-1.25%.
STAG Industrial (NYSE:STAG) announced that Jeffrey M. Sullivan, the Executive Vice President and General Counsel, was honored as a recipient of the 2020 Modern Governance 100. This recognition highlights his commitment to enhancing diversity, sustainability, and strong corporate governance amid challenges like the COVID-19 pandemic. As of September 30, 2020, STAG Industrial's portfolio includes 462 properties across 38 states, totaling approximately 92.3 million rentable square feet. STAG continues to focus on acquiring and managing single-tenant industrial properties.
STAG Industrial (NYSE:STAG) has commenced its first onsite solar installations in Maryland, co-developed with Summit Ridge Energy. This initiative includes three projects, totaling 11.6 MW capacity, expected to generate over 15 million kWh annually, enough to power nearly 1,500 homes. The prominent installation at STAG's Hampstead facility will become the largest rooftop community solar project in the U.S. With this development, STAG now oversees over 25.5 MW of solar nationwide, reinforcing its commitment to renewable energy and environmental stewardship.
STAG Industrial has priced a public offering of 8,000,000 shares of its common stock, expecting gross proceeds of approximately $243.2 million. The offering is set to close on November 19, 2020. Additionally, underwriters have a 30-day option to purchase up to an extra 1,200,000 shares. Proceeds will be used for acquisitions, debt repayment, and general corporate purposes. STAG Industrial has entered a forward sale agreement to facilitate this offering, which may include an additional 1,200,000 shares, subject to market conditions.
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