STAG INDUSTRIAL ANNOUNCES TAX TREATMENT OF 2024 DIVIDENDS
Rhea-AI Summary
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.
Positive
- Consistent monthly dividend payments throughout 2024
- Qualified REIT dividend status maintained for tax benefits under Section 199A
- No foreign taxes incurred in 2024
Negative
- None.
News Market Reaction – STAG
In the trading session that priced this news, STAG declined 2.52%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The tax treatment for the common stock dividend is detailed in the investor relations section on the Company's website and is summarized below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment.
TAX TREATMENT OF 2024 COMMON DISTRIBUTIONS | |||||||
CUSIP # 8524J 102 | |||||||
Ticker Symbol: STAG | |||||||
Record Date | Payable Date | Total Distribution | 2024 Ordinary | 2024 Capital Gain | 2024 Unrecaptured | 2024 Return of | Section 199A |
12/29/23 | 01/16/24 | ||||||
01/31/24 | 02/15/24 | ||||||
02/29/24 | 03/15/24 | ||||||
03/28/24 | 04/15/24 | ||||||
04/30/24 | 05/15/24 | ||||||
05/31/24 | 06/17/24 | ||||||
06/28/24 | 07/15/24 | ||||||
07/31/24 | 08/15/24 | ||||||
08/30/24 | 09/16/24 | ||||||
09/30/24 | 10/15/24 | ||||||
10/31/24 | 11/15/24 | ||||||
11/29/24 | 12/16/24 | ||||||
12/31/24 | 01/15/25 | ||||||
Total | |||||||
(1) The amount reported as Unrecaptured Section 1250 Gain is a subset of, and is included in, the Capital Gain Distribution. | |||||||
(2) The amount reported as Ordinary Taxable Dividends is treated as a qualified REIT dividend for purposes of Section 199A. | |||||||
(3) The Section 897 Capital Gain amount is equal to | |||||||
(4) Pursuant to Treasury Regulation §1.1061-6(c), STAG Industrial, Inc. is disclosing additional information related to the Capital Gain Distributions reported | |||||||
on Form 1099-DIV, for purposes of Section 1061. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests." The | |||||||
One Year Amounts and "Three Year Amounts" required to be disclosed are both zero with respect to the 2024 distributions, since all capital gain dividends | |||||||
relate to Section 1231 gains. | |||||||
The Company did not incur any foreign taxes in 2024. The December 2023 monthly common stock dividend that was declared on October 11, 2023, and paid on January 16, 2024, of
About STAG Industrial, Inc.
STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership and operation of industrial properties throughout
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, 2023 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.