Company Description
We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States.
Our platform is designed to (i) identify properties for acquisition that offer attractive returns across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants, (ii) provide growth through our ownership of high-quality assets, property management and pursuit of acquisitions in an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.
We are organized and conduct our operations to maintain our qualification as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), and generally are not subject to federal income tax to the extent we currently distribute our income to our stockholders and maintain our qualification as a REIT.
We remain subject to state and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed income.
As of December 31, 2024, we owned 591 buildings in 41 states with approximately 116.6 million rentable square feet.
As of December 31, 2024, we had 11 development projects (which are not included in the building count noted above).
As of December 31, 2024, our buildings were approximately 96.5% leased, with no single tenant accounting for more than approximately 2.9% of our total annualized base rental revenue and no single industry accounting for more than approximately 11.3% of our total annualized base rental revenue.
We intend to maintain a diversified mix of tenants to limit our exposure to any single tenant or industry.
As of December 31, 2024, our Operating Portfolio was approximately 97.3% leased. Straight-line Rent Change on new and renewal leases together grew approximately 41.8% and 44.0% during the years ended December 31, 2024 and 2023, respectively, and our Cash Rent Change on new and renewal leases together grew approximately 28.3% and 31.0% during the years ended December 31, 2024 and 2023, respectively.
We have fully integrated acquisition, leasing and operations platforms led by a senior management team with decades of industrial real estate experience.
Our mission is to deliver attractive long-term stockholder returns in all market environments by growing cash flow through disciplined investment in high-quality real estate while maintaining a strong balance sheet.
| Country | United States |
| Founded | 2010 |
| IPO Date | Apr 15, 2011 |
| Industry | REIT - Industrial |
| Sector | Real Estate |
| Employees | 91 |
| CEO | William Crooker |
Contact Details
Address: One Federal Street, 23rd Floor Boston, Massachusetts 02110-2320 United States | |
| Phone | 617 574 4777 |
| Website | stagindustrial.com |
Stock Details
| Ticker Symbol | STAG |
| Exchange | NYSE |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001479094 |
| CUSIP Number | 85254J102 |
| ISIN Number | US85254J1025 |
| Employer ID | 27-3099608 |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| William R. Crooker CPA | Chief Executive Officer, President and Director |
| Matts S. Pinard | Executive Vice President, Chief Financial Officer and Treasurer |
| Michael Christopher Chase | Executive Vice President and Chief Investment Officer |
| Jeffrey M. Sullivan | Executive Vice President, General Counsel and Secretary |
| Benjamin S. Butcher | Executive Director |
| Steven T. Kimball | Executive Vice President of Real Estate Operations |
| Jaclyn M. Paul | Chief Accounting Officer |
| Jeff Mangano | Senior Vice President and Head of Data and Technology |
| Steve Xiarhos | Vice President of Investor Relations |
| Andrea M. Gillespie | Director of Human Resources |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Apr 17, 2025 | 8-K | Current Report |
| Mar 19, 2025 | ARS | Filing |
| Mar 19, 2025 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Mar 19, 2025 | DEF 14A | Other definitive proxy statements |
| Mar 5, 2025 | 144 | Filing |
| Feb 18, 2025 | 144 | Filing |
| Feb 13, 2025 | 8-K | Current Report |
| Feb 13, 2025 | 424B5 | Filing |
| Feb 12, 2025 | S-3ASR | Automatic shelf registration statement of securities of well-known seasoned issuers |
| Feb 12, 2025 | 10-K | Annual Report |