Stag Indl Inc Stock Price, News & Analysis

STAG Industrial reported its Q4 and full-year 2022 results on February 15, 2023. The Company revealed a net income of $29.7 million or $0.17 per share for Q4 2022, down 65.5% from $86.2 million in Q4 2021. Core FFO grew by 7.8% to $0.55 per diluted share for Q4, with annual Core FFO at $2.21, a 7.3% increase. Cash NOI surged 13.7% year-over-year to $130.1 million in Q4. The Company maintained a high occupancy rate of 98.5% and achieved a Cash Available for Distribution of $86.1 million, up 16.1% from Q4 2021. STAG also acquired a building for $8.1 million during the quarter.

STAG Industrial has announced the tax treatment for its 2022 common stock dividends, totaling $1.459170 per share, which includes $1.172486 in ordinary taxable dividends and $0.121526 in capital gain distribution. The record date for the final dividend was December 31, 2022, and it was payable on January 17, 2023, with a dividend amount of $0.121667 per share. Shareholders are advised to consult tax advisors regarding individual tax implications. The company has no foreign taxes for 2022, ensuring a clear dividend structure for its investors.

STAG Industrial has announced an increase in its monthly common stock dividend to $0.122500, which translates to an annualized dividend of $1.47. The first quarter dividends are scheduled with record dates on January 31, February 28, and March 31, 2023, all with payment dates on February 15, March 15, and April 17, respectively. As of September 30, 2022, STAG Industrial's portfolio includes 563 buildings across 41 states, totaling approximately 111.6 million rentable square feet.

STAG Industrial (NYSE: STAG) has announced its plans to release the fourth quarter and full year 2022 operating and financial results on February 15, 2023, after market close. The quarterly earnings call is scheduled for February 16, 2023, at 10:00 a.m. Eastern Time. Participants can join the call via phone or listen to a webcast on the Company's website. As of September 30, 2022, STAG Industrial owns 563 buildings across 41 states, totaling approximately 111.6 million rentable square feet.

STAG Industrial, Inc. (NYSE:STAG) will participate in NAREIT's REITworld 2022 Annual Conference starting November 14, 2022. The company has prepared a business update presentation accessible on its website under the Investor Relations section. As of September 30, 2022, STAG owns 563 buildings across 41 states, encompassing around 111.6 million rentable square feet. This event will highlight the company's strategic direction and operational updates.

STAG Industrial (NYSE:STAG) reported strong financial results for Q3 2022, achieving a net income of $63.3 million ($0.35 per share), a 30.6% increase from Q3 2021. Core FFO rose 7.5% to $0.57 per diluted share. Cash NOI surged 18.6% to $131.8 million. The company acquired eight buildings for $127.3 million and sold four for $93.7 million, resulting in a net gain of $33.2 million. Occupancy rates remain high at 98.2%. Additionally, a refinancing increased liquidity by $300 million. The firm aims to leverage its defensive balance sheet for growth opportunities through 2023.

On October 13, 2022, STAG Industrial announced it received a GRESB Public Disclosure Level of 'A' for 2022, marking its first 'A' rating. This achievement positions STAG above the global average score of 'B' and the 'C' score of its 10 industrial real estate peers, ranking second among them. The upgrade leads to reduced interest rates on three unsecured term loans totaling $650 million and a $1 billion revolving credit facility, effective October 17, 2022, with a reduction of two basis points per loan. This success reflects STAG's commitment to sustainability in its industrial property operations.

On October 12, 2022, STAG Industrial announced that it will maintain its monthly common stock dividend at $0.121667. The declared dividends for the fourth quarter include: $0.121667 payable on November 15, 2022, for the October 31, 2022 record date; $0.121667 payable on December 15, 2022, for the November 30, 2022 record date; and $0.121667 payable on January 17, 2023, for the December 30, 2022 record date. As of June 30, 2022, STAG Industrial's portfolio comprises 559 buildings across 40 states, totaling approximately 111.5 million rentable square feet.

STAG Industrial reported no material damage to its assets from Hurricane Ian, emphasizing the safety of its properties in affected states like Florida and the Carolinas. CEO Bill Crooker noted that all buildings in Hurricane Ian's path could resume normal operations. As of June 30, 2022, the company had a 2.9% asset exposure in Florida and 12.7% in North and South Carolina, amounting to significant annualized base rent. STAG's portfolio includes 559 industrial buildings across 40 states, totaling approximately 111.5 million rentable square feet.