A Brief History of STAG Industrial, Inc. (STAG)

Foundation and Initial Growth

STAG Industrial, Inc. was founded in 2010 by Ben S. Johnson and is based in Boston, Massachusetts. The company was established as a real estate investment trust (REIT) focused on the acquisition and operation of single-tenant industrial properties throughout the United States.

Public Offering and Initial Public Offering (IPO)

STAG went public in April 2011, raising approximately $90 million during its Initial Public Offering (IPO). At that time, the company traded under the ticker symbol STAG on the New York Stock Exchange (NYSE).

Portfolio Expansion

As of the end of 2022, STAG Industrial owned and operated approximately 488 properties, totaling around 96 million square feet across 39 states. The company's property portfolio has a weighted average remaining lease term of approximately 5.5 years.

Financial Performance

In 2022, STAG Industrial reported revenues of approximately $505 million, which represented an increase from $483 million in 2021. The company’s net income attributable to common stockholders for 2022 was about $102 million, or $0.73 per share, compared to $92 million, or $0.67 per share in 2021.

Dividend Distribution

STAG Industrial has consistently paid dividends since its IPO. In the fourth quarter of 2022, the company declared a dividend of $0.120833 per share, representing an annualized dividend yield of approximately 4.7%.

Sustainability Initiatives

STAG Industrial has emphasized sustainability by seeking to enhance its portfolio's energy efficiency, with over 20% of its properties having obtained Energy Star certifications by 2023.

Recent Developments

In recent years, STAG has been focusing on expanding its logistics and e-commerce property holdings in response to the growing demand for such spaces. By 2023, the company planned to allocate around $250 million towards acquisitions and development projects related to such properties.

A Who Owns STAG Industrial, Inc. (STAG)

Company Overview

STAG Industrial, Inc. is a real estate investment trust (REIT) that focuses on the acquisition and operation of single-tenant industrial properties throughout the United States.

Ownership Structure

STAG Industrial's ownership is primarily comprised of institutional investors and retail shareholders. As of the latest data, the largest shareholders include:

Major Institutional Shareholders

Key institutional shareholders, as of the most recent filings, include:

Executive Ownership

Executive ownership in STAG Industrial is also significant, with key executives holding shares as follows:

Shareholder Actions

STAG Industrial has a history of engaging with its shareholders through regular communication, annual meetings, and proxy voting. The company emphasizes transparency and aims to align its strategic goals with shareholder interests.

Market Performance

As of October 2023, STAG Industrial's stock performance metrics are as follows:

Recent Developments

Recent developments in STAG Industrial's ownership and market activities include:

• Acquisitions: The company has acquired approximately $463 million in new properties in 2023.
• Stock Buybacks: STAG Industrial announced a share repurchase program of up to $100 million.
• Partnerships: Established partnerships with logistics companies to enhance property utilization.

STAG Industrial, Inc. (STAG) Mission Statement

Corporate Overview

STAG Industrial, Inc. is a leading Real Estate Investment Trust (REIT) focused on the acquisition, ownership, and operation of single-tenant industrial properties throughout the United States. Their strategy emphasizes generating sustainable long-term returns for investors through income-producing properties.

Mission Statement

The mission statement of STAG Industrial, Inc. emphasizes their commitment to providing quality facilities, enhancing shareholder value, and fostering a culture of integrity and accountability. The company strives to:

• Acquire and manage a diverse portfolio of industrial properties;
• Deliver attractive risk-adjusted returns for shareholders;
• Enhance tenant satisfaction through superior property management;
• Maintain a strong balance sheet to support continued growth.

Core Values

STAG Industrial's mission is enhanced by its core values, which include:

• Integrity: Upholding ethical standards in all business practices;
• Excellence: Striving for the highest quality in property management and operation;
• Innovation: Embracing new ideas to improve efficiency and tenant services;
• Collaboration: Building strong relationships with tenants, partners, and stakeholders.

Financial Metrics

In 2023, STAG Industrial's financial performance reflects its strong operational strategy. Key financial metrics include:

Portfolio Composition

STAG Industrial's portfolio focuses on industrial properties that cater to diverse tenants. The portfolio composition as of Q2 2023 is as follows:

Geographic Diversification

STAG Industrial operates across various regions in the United States, ensuring geographic diversification. The regional breakdown of their properties is as follows:

Investment Strategy

STAG Industrial capitalizes on opportunities within the industrial real estate sector by:

• Targeting markets with strong economic fundamentals;
• Securing long-term leases with creditworthy tenants;
• Maintaining a diversified tenant base to mitigate risk;
• Investing in value-add opportunities to enhance property performance.

Tenant Relationships

Tenant satisfaction is crucial to STAG Industrial's mission. As of Q2 2023, the company's tenant composition is diversified across various industries:

How STAG Industrial, Inc. (STAG) Works

Business Model

STAG Industrial, Inc. operates as a real estate investment trust (REIT) focused on acquiring, owning, and managing industrial properties across the United States. The company primarily targets single-tenant industrial properties in key logistics markets.

Portfolio Overview

As of September 30, 2023, STAG's portfolio consisted of 566 properties located in 39 states, with a total gross leasable area of approximately 106.8 million square feet.

Revenue Generation

STAG Industrial generates its revenue primarily through rental income from its properties. The company undertakes long-term leases, typically ranging from 3 to 10 years, which ensures a stable cash flow.

Financial Performance

For the third quarter of 2023, STAG reported total revenue of $168.8 million, reflecting a year-over-year increase of 12.7% compared to $149.8 million in Q3 2022.

Investment Strategy

STAG focuses on markets with strong logistics fundamentals, including proximity to major transportation networks, population density, and growth potential. The company employs a disciplined acquisition strategy to identify undervalued assets.

Capital Structure

As of September 30, 2023, STAG Industrial's total debt was approximately $2.1 billion, with a debt-to-EBITDA ratio of 5.2x, indicating a healthy balance sheet.

Market Position

STAG Industrial is recognized as one of the largest publicly traded industrial REITs in the United States, with a market capitalization of approximately $4.2 billion as of October 2023.

Conclusion of Operations

Through a combination of strategic acquisitions, robust financial management, and a focus on high-demand industrial locations, STAG Industrial, Inc. effectively positions itself for growth in the REIT sector while delivering value to its shareholders.

How STAG Industrial, Inc. (STAG) Makes Money

Revenue Sources

STAG Industrial, Inc. primarily generates revenue through the leasing of industrial properties. The company's strategy focuses on acquiring and managing a diversified portfolio of industrial real estate assets located in the United States.

Leasing Income

As of 2022, STAG reported total rental revenue of approximately $292.4 million, showing an increase from $247.2 million in 2021.

Portfolio Overview

The company owns over 500 properties across the United States, with a total leasable area exceeding 100 million square feet.

• Total Properties Owned: 500+
• Total Leasable Area: 100 million sq. ft.
• States with Properties: 39

Tenant Diversification

STAG’s tenants span various industries, which mitigates risk and stabilizes cash flow.

Acquisition Strategy

STAG actively pursues acquisitions to grow its property portfolio. In 2022, the company acquired 42 properties for a total purchase price of approximately $609 million.

Capital Raising

STAG Industrial also raises capital through debt and equity financing to fund property acquisitions and operational expenses. As of December 2022, the company had a total debt of $1.1 billion and total equity of $2.3 billion.

Distribution Policy

STAG Industrial maintains a distribution policy to provide regular returns to its shareholders. The company declared a dividend of $0.1205 per share in Q4 2022, resulting in an annualized dividend yield of approximately 4.1% based on the stock price at that time.