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. reports recurring developments as a U.S. industrial REIT focused on acquiring, owning, developing, and operating industrial properties. Company updates commonly cover quarterly operating results, leasing activity, Same Store Cash NOI, acquisition and disposition activity, development projects, occupancy, capitalization rates, and the size and composition of its property pipeline.
News also includes dividend declarations and tax treatment for common stock distributions, changes to dividend cadence, investor presentation updates, and participation in REIT industry conferences. The company’s portfolio emphasis on single-tenant industrial properties makes property-level acquisitions, lease terms, tenant demand, and capital allocation recurring themes in its public announcements.
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.
STAG Industrial (NYSE:STAG) has successfully refinanced its $1 billion senior unsecured revolving credit facility. The new facility matures on September 8, 2028, with two six-month extension options, maintaining the same pricing terms. CFO Matts Pinard highlighted that this transaction has extended the company's weighted average debt maturities.
The refinancing involved several major financial institutions, with Wells Fargo Securities, as the Left Lead Arranger and Bookrunner, and BofA Securities, Inc. as a Joint Lead Arranger and Bookrunner. Other participating institutions include Bank of Montreal, Citibank, PNC Capital Markets, Regions Capital Markets, TD Bank, The Huntington National Bank, Truist Bank, and U.S. Bank, among others.
STAG Industrial (NYSE:STAG) announced its Q2 2024 financial results on July 30, 2024.
Key highlights include:
- Net income per basic and diluted share increased to $0.33 from $0.29 YoY.
- Net income attributable to common stockholders rose to $59.7M from $51.6M YoY.
- Core FFO per diluted share increased 8.9% to $0.61.
- Cash NOI grew 10.3% to $148.4M, while Same Store Cash NOI rose 6.1% to $138.2M.
- Cash Available for Distribution rose 9.1% to $95.1M.
- Acquired 10 buildings for $225.6M and sold 7 buildings for $78.2M.
- Achieved an occupancy rate of 97.1%.
- Moody's upgraded the company's outlook to 'Positive'.
STAG will host a conference call on July 31, 2024, at 10:00 a.m. Eastern Time to discuss these results.
STAG Industrial announced that its Board of Directors has maintained the monthly common stock dividend at $0.123333 per share. The company declared dividends for the third quarter of 2024, with the following details:
July 2024: Record Date - July 31, Payment Date - August 15, Dividend per Share - $0.123333
August 2024: Record Date - August 30, Payment Date - September 16, Dividend per Share - $0.123333
September 2024: Record Date - September 30, Payment Date - October 15, Dividend per Share - $0.123333