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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) will announce its Q2 2022 financial results after the market closes on July 27, 2022. The company will conduct a conference call on July 28, 2022, at 10:00 a.m. ET. The call can be accessed via phone or listened to through a live webcast on their website. With 551 buildings across 40 states, STAG Industrial focuses on acquiring and managing industrial properties. Interested parties can access a replay of the call using the provided numbers and passcode.
STAG Industrial (NYSE: STAG) announced the deployment of WatchWire's Sustainability & Energy Management Software to enhance operational efficiency and support sustainability goals across its 550+ properties. This software will help track utility data, optimize resource consumption, and manage GHG emissions. STAG aims to improve environmental performance while ensuring accurate data capture for better decision-making and capital allocation. With over 110 million rentable square feet, STAG positions itself as a leader in sustainable industrial property management.
STAG Industrial has reported strong financial results for Q1 2022, with a net income of $52.8 million, up 152.1% year-over-year. The company achieved $0.30 net income per share, a significant increase from $0.13 in Q1 2021. Core FFO rose 21.6% to $97.1 million, equating to $0.53 per diluted share. Cash NOI increased by 18.6% to $122.9 million. The occupancy rate remained high at 96.9%. STAG acquired eight buildings for $166.4 million, enhancing its portfolio, while selling assets for $36.1 million with a net gain of $24 million.
The Board of Directors of STAG Industrial declared a monthly common stock dividend of $0.121667 for April, May, and June 2022, maintaining consistency in its dividend policy. The record dates for these dividends are April 29, May 31, and June 30, while payment dates are set for May 16, June 15, and July 15, respectively. As of December 31, 2021, STAG Industrial's portfolio included 544 buildings across 40 states, totaling approximately 108.6 million rentable square feet, reflecting its strong operational footprint.
STAG Industrial will announce its Q1 2022 financial results after market close on May 3, 2022. This will be followed by a conference call on May 4, 2022, at 10:00 a.m. ET. The call can be accessed via toll-free numbers or listened to live on the Company’s website. As of December 31, 2021, STAG's portfolio includes 544 properties across 40 states, totaling approximately 108.6 million rentable square feet. For more information, visit www.stagindustrial.com.
STAG Industrial, a real estate investment trust, will participate in Citi's Global Property CEO Conference during the week of March 7, 2022. The Company has released a business update presentation available on its website under the Investor Relations section. As of December 31, 2021, STAG Industrial's portfolio includes 544 buildings across 40 states, totaling approximately 108.6 million rentable square feet. This participation aims to enhance investor relations and showcase the Company's growth strategy.
STAG Industrial (NYSE: STAG) reported its Q4 2021 financial results, revealing a net income of $86.2 million, or $0.50 per share, down from $94.6 million and $0.63 per share in Q4 2020. However, Core FFO rose 19.2% to $90 million, or $0.51 per share, compared to $75.5 million and $0.49 per share in the previous year. Cash NOI increased by 14% to $114.5 million. The company acquired 35 buildings for $689.5 million and sold eight buildings for $112.5 million, achieving an occupancy rate of 96.9% across its portfolio. The upcoming management transition is emphasized as a key development.
On January 18, 2022, STAG Industrial announced the tax treatment of its 2021 dividends for common and preferred stockholders. The common stock dividends total $1.498326 per share, with ordinary taxable dividends of $1.119899. The preferred stock dividends total $0.429688 per share, with ordinary taxable dividends amounting to $0.400294. Notably, no foreign taxes were incurred in 2021. Shareholders are urged to consult personal tax advisors for individual tax treatment.
STAG Industrial has announced an increase in its monthly common stock dividend to $0.121667, resulting in an annualized dividend of $1.46. The dividends for the first quarter of 2022 include payments for January, February, and March, scheduled for February 15, March 15, and April 18, respectively. This decision reflects the company's commitment to returning value to shareholders. STAG Industrial operates a portfolio of 517 industrial properties across 40 states, totaling approximately 103.4 million rentable square feet as of September 30, 2021.
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.