EU and US could reach trade deal this weekend - Reuters
BOSTON - STAG Industrial, Inc. (NYSE:STAG), a real estate investment trust specializing in industrial properties, has announced a private placement offering to issue $550 million of senior unsecured notes. The offering, expected to close on June 25, 2025, will have a weighted average fixed interest rate of 5.65% and a weighted average tenor of 6.5 years. According to InvestingPro data, STAG’s current market capitalization stands at $6.1 billion, with a current ratio of 0.88 indicating some pressure on short-term liquidity.
The transaction is divided into three parts: $350 million of 5.50% notes due on June 25, 2030, $100 million of 5.82% notes maturing on June 25, 2033, and $100 million of 5.99% notes with a maturity date of June 25, 2035. These notes have not been registered under the Securities Act of 1933 or any state securities laws and will not be available for sale in the United States or other jurisdictions without registration or an applicable exemption.
STAG Industrial’s portfolio includes 591 buildings across 41 states, totaling approximately 116.6 million rentable square feet as of December 31, 2024. The company’s focus is on the acquisition, ownership, and operation of industrial properties throughout the United States. InvestingPro analysis shows the company has achieved impressive revenue growth of 8.41% over the last twelve months, demonstrating strong operational execution. Get access to STAG’s comprehensive Pro Research Report, part of InvestingPro’s coverage of 1,400+ US stocks, for detailed insights into the company’s performance metrics and growth trajectory.
This press release contains forward-looking statements that are subject to risks, uncertainties, and other factors that could affect actual results. These statements are protected under the safe harbor provisions for forward-looking statements in the Private Securities Litigation Reform Act of 1995. STAG Industrial cautions that these statements are based on current expectations and assumptions and that actual outcomes may differ materially. Notably, InvestingPro data shows STAG maintains a healthy 4.64% dividend yield and has raised its dividend for 14 consecutive years, with an overall Financial Health Score rated as GOOD.
The information in this article is based on a press release statement from STAG Industrial, Inc.
In other recent news, STAG Industrial Inc. reported fourth-quarter earnings that exceeded analyst expectations. The company posted adjusted funds from operations of $0.61 per share, surpassing the consensus estimate of $0.58 per share, with revenue reaching $199.3 million, above the projected $193.7 million. Net income for the quarter rose to $52 million, or $0.28 per share, compared to $42.6 million, or $0.23 per share, in the same period last year. STAG Industrial has also maintained its quarterly dividend at $0.124167 per share for the second quarter of 2025, reflecting its ongoing financial strategy.
Additionally, the company filed a new registration statement with the Securities and Exchange Commission, replacing the previous one from 2022, allowing for the sale of common stock up to $750 million. As part of this update, STAG Industrial amended its equity distribution agreements with several financial institutions, including Robert W. Baird & Co. and BofA Securities. These developments are part of STAG’s capital management strategy, providing flexibility for financing operations and growth.
For the full year 2024, the company achieved core funds from operations of $2.40 per share, a 4.8% increase from the previous year. STAG Industrial acquired 15 buildings totaling 2.4 million square feet for $293.7 million during the fourth quarter. Looking forward, the company has addressed 70.2% of expected 2025 new and renewal leasing, with cash rent changes of 23.8% on 9.7 million square feet.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.