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 relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and 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, 2023, we owned 569 buildings in 41 states with approximately 112.3 million rentable square feet, consisting of 493 warehouse/distribution buildings, 70 light manufacturing buildings, one flex/office building, and five Value Add Portfolio buildings.
In addition, as of December 31, 2023, we had six development projects (which are not included in the building count noted above).
While the majority of our portfolio consists of single-tenant properties, we also own a growing number of multi-tenant properties.
As of December 31, 2023, our buildings were approximately 98.2% 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 11.0% 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, 2023, our Operating Portfolio was approximately 98.4% leased. SL Rent Change on new and renewal leases together grew approximately 44.0% and 24.3% during the years ended December 31, 2023 and 2022, respectively, and our Cash Rent Change on new and renewal leases together grew approximately 31.0% and 14.3% during the years ended December 31, 2023 and 2022, 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 |
|---|---|
| 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 |
| Bradford F. Sweeney CFA | Senior Vice President of Acquisitions of West Region |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| 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 |
| Feb 12, 2025 | 8-K | Current Report |