BOSTON, Oct. 1, 2024 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG) today announced that the Company will release its third quarter 2024 operating and financial results after market close on Tuesday, October 29, 2024. The Company will host its quarterly earnings conference call on Wednesday, October 30, 2024, at 10:00 a.m. Eastern Time. The call can be accessed live over the phone toll-free by dialing (877) 407-4018, or for international callers, (201) 689-8471. A replay will be available ...

We previously published an article on STAG Industrial, Inc. (NYSE: STAG ) on August 25 th , 2023. In the article, we justified our sell recommendation on the basis of the capitalization rate being below the I am a CFA charterholder and a CIPM certificant. Professionally, I assist firms comply with the Global Investment Performance Standards (GIPS). The GIPS Standards has to do with how investment performance is calculated and presented by asset managers, pension funds, endowments and foundations. Previous t ...

BOSTON, Sept. 10, 2024 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG) today announced that it refinanced its $1 billion senior unsecured revolving credit facility. The refinanced revolving credit facility matures on September 8, 2028, with two six-month extension options, subject to certain conditions and no changes to pricing. "This transaction was successful and resulted in extending our weighted average debt maturities," said Matts Pinard, Chief Financial Officer of the Company. "We ap ...

Adam Gault STAG Industrial (NYSE:STAG) is a triple net lease REIT focused on the industrial property sector. The sector has been facing some oversupply-related headwinds since mid-2022, which took its toll on industrial property players. As of Q2, 2024, the Company owned 114.1m sq. ft. across 573 buildings. STAG has substantially improved its portfolio quality over the last couple of years, as reflected in the metrics of acquired properties before and after 2016. % of CBRE Tier 1 | --- | --- | --- | --- | - ...

文章核心观点 - 公司是一家独特的工业地产投资信托公司(REIT)，专注于工业资产的收购和管理 [1][2] - 公司的业务模式包括单一租户和多租户两种类型的资产，加上较短的加权平均租赁期限(WALT)，使其在工业地产市场中具有独特的竞争优势 [3] - 公司的资产质量和财务状况持续改善，资产主要集中在一线和二线城市市场 [4] - 公司的发展策略不同于传统的工业地产REIT，更注重资产的价值增值和主动管理 [7][8] - 公司的股息增长较为谨慎，更注重降低派息率和提高资产质量 [11][12] 公司表现 - 公司最近6个月的总回报率接近17%，主要由于估值扩张推动 [14] - 公司的估值仍然较同行业公司有一定折价 [5][6] 行业风险 - 工业地产市场租金增长放缓,出现首次季度下降,行业基本面面临一定压力 [16][18] - 但公司保守的风险偏好使其相对于大型开发商更能抵御短期市场波动 [18]

The Lineage IPO was an exciting opportunity to buy a new-to-the-market cold storage REIT, but there's little else to recommend the industrial stock. If you're the kind of investor who pays attention to upcoming first-time debuts in the real estate sector, you've no doubt heard about the recent IPO for industrial cold-storage REIT Lineage (LINE 0.50%). Although it has a following that has bought its initial offering and is trading it currently, I have a lot of doubts about this particular REIT, as well as an ...

OwenPrice STAG Industrial, Inc. (NYSE:STAG) has been my favorite and only industrial REIT pick since the publication of my original bull thesis in March, this year. The underlying thesis is rather simple: one of the lowest P/FFO multiples in the industrial REIT space in combination with robust cash flow growth prospects, which create favorable conditions for decent dividend hikes going forward. If we look at the total return performance so far, we will notice almost an exact correlation between STAG and the ...

Stag Industrial should be able to continue growing its monthly income stream. Stag Industrial (STAG -1.64%) churns out dividend income like clockwork. The real estate investment trust (REIT) pays a high-yielding monthly dividend. At 3.5%, it's more than double that of the S&P 500. Adding to its appeal, Stag Industrial has increased its dividend every year since it went public in 2011. Slow and steady has been the name of the game for this industrial REIT over the years. But it has shifted into a higher gear ...

RonFullHD Introduction and Investment Thesis A few months back, the market (in my opinion) overreacted to the headwinds that the industrial property sector was (and still is) facing, leaving STAG Industrial's (NYSE:STAG) P/FFO multiple detached from its long-term ability to generate cash flows within a highly attractive property sector. STAG is a triple-net lease REIT with 114.1 sq. ft. of industrial properties across 41 states. Since the last time I covered it, its stock price has increased by 16.3%, const ...

财务数据和关键指标变化 - 核心FFO每股为0.61美元,同比增长8.9% [11] - 现金可供分配总额为9510万美元,在支付股息后保留了5580万美元现金 [11] - 资产负债率维持在4倍到5倍之间,股权总额为9.75亿美元 [11] 各条业务线数据和关键指标变化 - 本季度开始了26项租赁,总面积350万平方英尺,现金和直线租赁价差分别为36.8%和51.8% [12] - 租赁续约率为79.9% [12] - 同店现金NOI增长6.1%,同比增长6.5% [12] 各个市场数据和关键指标变化 - 中西部市场整体健康,如密尔沃基、底特律、明尼阿波利斯、芝加哥、埃尔帕索等 [56] - 哥伦布、印第安纳波利斯等市场相对疲软,但公司在这些市场的近期敞口有限 [56] - 费城、南新泽西等市场也有一定弱势,但公司在这些市场的敞口也有限 [56] - 7月份的租赁需求与预算基本一致,甚至略有超出 [56] 公司战略和发展方向及行业竞争 - 公司专注于CBRE一线市场,建立了强大的团队和高效的评估流程,可以快速把握各市场的收购机会 [80] - 近岸化和回流趋势持续推动未来工业需求,公司已获得一些成功案例 [7] - 公司保持定价纪律,专注于优质且具有未来增长潜力的收购机会 [8] - 公司在开发项目方面也保持谨慎,预计租赁情况会好于预期 [40] 管理层对经营环境和未来前景的评论 - 需求虽然仍然疲软,但正在改善,吸纳加速,空置率增幅收窄,建设管线也在收缩 [6] - 预计2024年市场租金增长4%到5% [6] - 对于后续交易市场,管理层持谨慎乐观态度,认为如果利率下降,交易量有望在第四季度加速 [28] 其他重要信息 - 公司在第二季度完成了8.78亿美元的资产出售,主要为非核心资产 [9][20] - 公司在第二季度完成了2.256亿美元的收购,包括一个94.7万平方英尺的五栋楼组合 [8] - 公司在第二季度开始了一个29.7万平方英尺的新开发项目,预计2025年二季度交付,2026年二季度稳定 [9] - 公司还在波特兰启动了一个20万平方英尺的build-to-suit项目,预计2025年二季度交付 [9-10] 问答环节重要的提问和回答 问题1 **Craig Mailman 提问** 询问公司本季度业绩超预期,但未提高全年指引的原因 [18] **Matts Pinard 回答** 主要是由于收购和出售活动的影响,收购的现金收益率较低,出售资产的现金收益率较高,对全年核心FFO有一定摊薄影响 [19][20] 问题2 **William Crow 提问** 询问公司未来几年是否会面临租金下降的风险 [33] **Bill Crooker 回答** 公司在收购时会谨慎预测未来市场租金增长,并不会过度乐观,同时也看好工业地产的长期增长潜力,如近岸化和电商供应链建设等趋势 [34][35] 问题3 **Vince Tibone 提问** 询问公司新开发项目的预期收益率 [42] **Bill Crooker 回答** 新开发项目的预期稳定收益率在6.5%到7.5%之间,略高于市场水平 [43]