Stag Indl Inc Stock Price, News & Analysis

STAG Industrial announced a management succession plan effective July 1, 2022. Benjamin S. Butcher will transition from CEO to Executive Chairman, while William R. Crooker, currently President, will step into the CEO role. Matts S. Pinard has been appointed as Executive Vice President, CFO, and Treasurer. This transition aims to ensure operational and strategic continuity, with Butcher remaining involved in key corporate matters. Both Crooker and Pinard have been with the company for several years, enhancing confidence in their ability to lead STAG Industrial successfully.

STAG Industrial will release its Q4 and full year 2021 operating results on February 16, 2022, after market close. A conference call to discuss the results is scheduled for February 17, 2022, at 10:00 a.m. ET. Investors can join by calling (877) 407-4018 for US callers or (201) 689-8471 internationally. A webcast of the call will be available on STAG's Investor Relations website. As of September 30, 2021, STAG has a portfolio of 517 buildings across 40 states, totaling approximately 103.4 million rentable square feet.

STAG Industrial will participate in the Jefferies Real Estate Conference on December 16, 2021, and the Capital One Securities Annual REIT Conference on January 11, 2022. A business update presentation is available on their website under the "Presentations" tab in the Investor Relations section. As of September 30, 2021, STAG Industrial operates 517 buildings across 40 states, with approximately 103.4 million rentable square feet.

STAG Industrial announced a partnership with DonorsChoose to support teachers and students nationwide, aligning with its Charitable Action Fund. The collaboration involves selecting over 200 school projects, impacting over 22,000 students, particularly in lower-income communities, covering subjects like math, science, and arts. CEO Ben Butcher emphasized the Fund's mission to improve communities. STAG's portfolio includes 517 buildings across 40 states, totaling approximately 103.4 million rentable square feet as of September 30, 2021.

On Dec. 1, 2021, STAG Industrial announced the completion of the nation's largest rooftop community solar project at its Hampstead, MD facility. The system, with a capacity of 9.2 MW, is part of Maryland's community solar initiative and will generate over 15 million kWh annually, enough to power nearly 1,500 homes. Co-developed by Summit Ridge Energy and Black Bear Energy, this project contributes to STAG's total of over 25.5 MW of hosted solar capacity across the U.S. The initiative aims to provide low-cost renewable energy to local communities.

STAG Industrial, Inc. (NYSE:STAG) announced a public offering of 8,000,000 shares of common stock, aiming for gross proceeds of approximately $340.0 million. The offering includes 5,250,000 shares directly from the Company and 2,750,000 under a forward sale agreement. The underwriters also have a 30-day option for an additional 1,200,000 shares. Proceeds will fund acquisitions, repay debt, and support general corporate needs. Closing is expected on November 8, 2021.

On November 3, 2021, STAG Industrial announced an underwritten public offering of 8,000,000 shares of common stock, including 5,250,000 shares offered directly and 2,750,000 shares via a forward sale agreement. The offering aims to raise funds for acquisitions, debt repayment, and working capital. The underwriters will have a 30-day option to purchase an additional 1,200,000 shares. The Company currently holds a portfolio of 517 buildings across 40 states, covering approximately 103.4 million rentable square feet.

STAG Industrial, NYSE: STAG, reported robust financial results for Q3 2021, highlighting a significant increase in net income and Core FFO. The net income rose to $48.4 million ($0.30/share), up from $22.4 million ($0.15/share) YoY. Core FFO reached $88.1 million ($0.53/share), showing a 24.6% increase. Cash NOI was $111.1 million, a 16.8% increase. The company acquired 24 buildings for $427.2 million, enhancing its portfolio while maintaining a high occupancy rate of 95.9%. Additionally, STAG raised $127.5 million of equity through its ATM program.