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BOSTON - STAG Industrial, Inc. (NYSE:STAG), a $100.9 billion market cap industrial REIT with a "FAIR" financial health score according to InvestingPro, announced the promotion of Steven T. Kimball to Chief Operating Officer, effective Friday.
Kimball, who has been with the company since early 2023, previously served as Executive Vice President of Real Estate Operations. Before joining STAG, he worked as an Executive Director at PGIM Real Estate from 2021 to 2023 and held various positions at Prologis, Inc. from 1995 to 2021, including Managing Director and Head of Operations for the East Region.
"Steve has done outstanding work since joining us in early 2023 and is instrumental in our initiatives to build a scalable operating platform, grow our development business, and enhance the tenant experience through local third-party property management teams," said Bill Crooker, President and Chief Executive Officer of STAG Industrial, in a press release statement.
Kimball holds a Bachelor of Science degree from the University of Vermont and a Master of Business Administration from the University of Colorado Boulder.
STAG Industrial is a real estate investment trust focused on industrial properties throughout the United States. As of June 30, 2025, the company’s portfolio includes 600 buildings across 41 states, comprising approximately 118.3 million rentable square feet.
In other recent news, ProLogis reported its second-quarter 2025 financial results, showing a mixed performance. The company posted earnings per share (EPS) of $0.61, which fell short of the forecasted $0.69, but revenue exceeded expectations, reaching $2.04 billion compared to the anticipated $2.01 billion. ProLogis also reported funds from operations (FFO) per share excluding promote at $1.47, surpassing consensus estimates of $1.42. The company updated its 2025 FFO guidance to a range of $5.80-$5.85 per share, slightly adjusting from the previous $5.70-$5.86 range.
In terms of analyst reactions, Citi lowered its price target for ProLogis to $140 from $150 while maintaining a Buy rating, citing trade policy uncertainty. UBS reiterated its Buy rating with a price target of $120, emphasizing the company’s strong performance and substantial leasing pipeline. Meanwhile, KeyBanc maintained its Sector Weight rating, acknowledging that ProLogis’ quarterly results exceeded expectations, although guidance increased less than anticipated. These developments highlight the ongoing interest and varied perspectives among analysts regarding ProLogis’ future performance.
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