Stag Industrial Inc. (S2TA34)

Overview

We specialize in the acquisition, ownership, and operation of industrial properties across the United States. Through applying our proprietary risk assessment model, we identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets. Our focus on growth is driven by sophisticated industrial operation and exploiting an attractive opportunity set. Strategically, we ensure our business is appropriately capitalized, reflecting the characteristics of our assets. As a Real Estate Investment Trust (REIT), we structure our operations to comply with Sections 856 through 860 of the Internal Revenue Code of 1986, as amended ("Code"), significantly reducing our federal income tax liability by distributing our income to stockholders. However, we continue to be subject to state, local, and certain federal taxes. Our portfolio as of December 31, 2023, comprises 569 buildings across 41 states, encompassing roughly 112.3 million rentable square feet. This includes a diverse mix of 493 warehouse/distribution buildings, 70 light manufacturing buildings, one flex/office building, and five Value Add Portfolio buildings, alongside six development projects. With an occupancy rate of 98.2%, our strategy emphasizes leasing to a diversified mix of tenants to minimize exposure to any single tenant or industry. Our operational framework targets maintaining a diversified tenant mix, reflecting in no single tenant contributing more than approximately 2.9% of our total annualized base rental revenue and no single industry more than about 11.0% of it.

Products and Services

• Acquisition and Ownership of Industrial Properties

We concentrate on acquiring and owning a wide range of industrial properties, focusing on warehouse/distribution buildings, light manufacturing buildings, flex/office buildings, and Value Add Portfolio buildings. Our acquisition strategy is guided by our proprietary risk assessment model, targeting relative value properties across CBRE-EA Tier 1 industrial real estate markets.

• Operation of Industrial Properties

Our operational strategy encompasses the sophisticated management of industrial properties. We leverage our industry expertise to maximize the performance and value of our portfolio, ensuring high occupancy rates and a diversified mix of tenants. This includes both single-tenant and multi-tenant properties, with an ongoing commitment to minimizing exposure to any single tenant or industry.

• Development Projects

As part of our growth strategy, we engage in development projects, creating new industrial spaces that meet the evolving needs of the market. As of December 31, 2023, we are working on six development projects, which signify our commitment to expanding our portfolio and enhancing our market presence.