This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

STAG Industrial, Inc. Announces Acquisition And Leasing Results For The Fourth Quarter Of 2011 And For The Year Ended 2011

BOSTON, Jan. 3, 2012 /PRNewswire/ --  STAG Industrial, Inc. (the "Company") (NYSE: STAG), a company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States, today announced its acquisition and leasing results for the fourth quarter of 2011 as well as for the partial year ended 2011.

(Logo: )

"We are pleased that our fourth quarter results reflect continued success in both leasing and acquisitions," said Ben Butcher, the Company's CEO.


On December 29th, the Company acquired a $3.9 million, 97,500 square foot warehouse and distribution facility located in Georgetown, KY.  The building is 100% leased to Leggett & Platt, Incorporated (NYSE: LEG), with over 5 years of remaining lease term.

In the fourth quarter the Company acquired a total of seven fully leased industrial facilities consisting of approximately 1.5 million square feet.  On a square foot basis these acquisitions increased the Company's asset base by over 9% compared to the prior quarter.  All seven properties were purchased at an average cap rate of 9+% based on in-place income for a total cost of approximately $50 million.

In total since the IPO in April of 2011, the Company has acquired 15 fully leased industrial facilities with a total of 3.5 million square feet.  On a square foot basis these acquisitions increase the Company's asset base by 25%.  All 15 properties were purchased at an average cap rate of 9+% based on in-place income for a total cost of approximately $126.2 million.


The Company also announced that it has signed leases totaling over 600,000 square feet in the fourth quarter of 2011.  This leasing activity consists of approximately 40,925 square feet of new and expansion leases and 585,942 square feet of renewal leases.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.70 0.00%
FB $101.91 0.00%
GOOG $683.11 0.00%
TSLA $150.47 0.00%
YHOO $26.76 0.00%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs