STAG INDUSTRIAL ANNOUNCES CREDIT RATING UPGRADE FROM MOODY'S INVESTOR SERVICES

Rhea-AI Summary

STAG Industrial (NYSE: STAG) has received a credit rating upgrade from Moody's Investor Services, raising its corporate credit rating to Baa2 with a stable outlook from the previous Baa3 with a positive outlook. The upgrade was attributed to STAG's strong credit profile, including robust leverage and fixed charge coverage metrics, excellent liquidity position, diversified portfolio, and access to unsecured debt capital.

According to CFO Matts Pinard, this upgrade will benefit the company by reducing its cost of debt and expanding access to a wider range of debt investors and products.

Positive

• Credit rating upgrade to Baa2 from Baa3 by Moody's
• Expected reduction in cost of debt financing
• Expanded access to debt investors and products
• Strong leverage and fixed charge coverage metrics
• Excellent liquidity position

Negative

• None.

News Market Reaction – STAG

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-0.31% News Effect

On the day this news was published, STAG declined 0.31%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BOSTON, May 12, 2025 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced that Moody's Investor Services ("Moody's") has raised the company's corporate credit rating to Baa2 with a stable outlook from Baa3 with a positive outlook.

The Moody's report cites the Company's credit strengths, which include strong leverage and fixed charge coverage metrics, excellent liquidity, a diversified portfolio and access to unsecured debt capital as rationale for the upgrade.

"This upgrade is a testament to the quality of STAG's operating platform and strong balance sheet," said Matts Pinard, Chief Financial Officer of the Company. "This upgrade will improve both our cost of debt, and our access to a broader base of debt investors and products."

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, development, ownership, and operation of industrial properties throughout the United States. As of March 31, 2025, the Company's portfolio consists of 597 buildings in 41 states with approximately 117.6 million rentable square feet.

For additional information, please visit the Company's website at www.stagindustrial.com.

Forward-Looking Statements

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "will," "expect," "intend," "anticipate," "estimate," "should," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's annual report on Form 10-K for the year ended December 31, 2024 as updated by the Company's quarterly reports on Form 10-Q. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

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SOURCE STAG Industrial, Inc.

FAQ

What is STAG Industrial's new credit rating from Moody's?

STAG Industrial's credit rating was upgraded to Baa2 with a stable outlook from Baa3 with a positive outlook by Moody's Investor Services.

Why did Moody's upgrade STAG Industrial's credit rating in May 2025?

Moody's upgraded STAG's rating due to its strong leverage and fixed charge coverage metrics, excellent liquidity, diversified portfolio, and access to unsecured debt capital.

How will the Moody's credit rating upgrade benefit STAG Industrial?

The upgrade will benefit STAG Industrial by reducing their cost of debt and providing access to a broader base of debt investors and products.

Who is the CFO of STAG Industrial in 2025?

Matts Pinard serves as the Chief Financial Officer of STAG Industrial.