STAG Industrial Inc. has provided its 2025 financial guidance, projecting same store cash net operating income (NOI) growth in the range of 4.00% to 4.25%. The company expects its 2025 acquisition volume to fall between $350 million and $500 million, with a targeted cash capitalization rate of 6.25% to 6.75%. As of December 2, 2025, STAG Industrial had already closed $255 million of acquisitions year-to-date and had approximately $193 million under contract or letter of intent, anticipated to close within the year. Operating performance highlights include a cash rent change of 24.0% on 14.4 million square feet of new and renewal leasing addressed in 2025, and a weighted average lease term of 4.9 years. Retention rates reached 77%, or 82% when adjusted for immediate backfills. The company has addressed 100% of expected 2025 leasing and 57.0% of 2026 leasing, achieving a 21.3% cash rent change for 2026 to date.