Stag Indl Inc Stock Price, News & Analysis

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.

STAG Industrial (NYSE:STAG) has announced the successful sale of a 337,391 square foot building in Nashua, New Hampshire for $67.0 million. The transaction, completed on January 31st, represents a Cash Capitalization Rate of 4.9%. The property, which was originally acquired in 2014 for approximately $11.7 million at an 8.2% Cash Capitalization Rate, generated a 20.8% unlevered internal rate of return over the holding period.

CEO Bill Crooker highlighted that the significant cap rate compression achieved from the sale demonstrates the operations team's effectiveness in delivering positive results, while positioning STAG to pursue accretive capital recycling opportunities in 2025.

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.

STAG Industrial (NYSE:STAG) has announced an increase in its monthly common stock dividend. The Board of Directors has set the new monthly dividend at $0.124167 per share, which amounts to an annualized dividend of $1.49 per share.

The company has declared the following first quarter 2025 dividend payments:

• January 2025: Record date January 31, payment date February 18
• February 2025: Record date February 28, payment date March 17
• March 2025: Record date March 31, payment date April 15

STAG Industrial (NYSE: STAG) has announced it will release its fourth quarter and full year 2024 operating and financial results after market close on Wednesday, February 12, 2025. The company will host its quarterly earnings conference call on Thursday, February 13, 2025, at 10:00 a.m. Eastern Time.

Investors can access the call toll-free at (877) 407-4018, or internationally at (201) 689-8471. A replay will be available with passcode 13750737 by dialing (844) 512-2921 domestically or (412) 317-6671 internationally. Additionally, interested parties can access a simultaneous webcast through the company's Investor Relations website section.

STAG Industrial (NYSE:STAG) has announced its participation in NAREIT's REITworld 2024 Annual Conference during the week of November 18, 2024. In preparation for the event, the company has updated its investor presentation materials and business update presentation, which are now available on their website under the Investor Relations section's Presentations tab.

STAG Industrial reported Q3 2024 financial results with net income of $41.8 million ($0.23 per share), down from $50.0 million ($0.28 per share) in Q3 2023. Core FFO increased 1.7% to $0.60 per share. The company achieved Cash NOI of $148.4 million, up from $140.7 million year-over-year.

During Q3, STAG acquired six buildings totaling 613,839 square feet for $113.0 million and sold one building for $22.6 million. Portfolio occupancy reached 97.1%. Leasing activity included 3.3 million square feet with rent increases of 24.6% on a cash basis.

STAG Industrial has announced its common stock dividends for the fourth quarter of 2024. The Board of Directors has maintained the monthly dividend at $0.123333 per share. The dividend schedule is as follows:

• October 2024: Record date - October 31, payment date - November 15
• November 2024: Record date - November 29, payment date - December 16
• December 2024: Record date - December 31, payment date - January 15, 2025

This consistent dividend payout demonstrates STAG Industrial's commitment to providing regular income to its shareholders.

STAG Industrial, Inc. (NYSE:STAG) has announced the release date for its third quarter 2024 operating and financial results. The company will disclose these results after market close on Tuesday, October 29, 2024. Following this, STAG Industrial will host its quarterly earnings conference call on Wednesday, October 30, 2024, at 10:00 a.m. Eastern Time.

Interested parties can access the call via phone or webcast. The toll-free phone number for U.S. callers is (877) 407-4018, while international callers can dial (201) 689-8471. A replay will be available shortly after the call. The webcast can be accessed through the Investor Relations section of the company's website or via a provided link.