STAG Industrial Inc. Releases Update on Business Developments and Financial Performance
Reuters
Jun 03
STAG Industrial Inc. Releases Update on Business Developments and Financial Performance
STAG Industrial Inc. has provided a business update as part of the June 2025 NAREIT presentation. The company announced the signing of three new leases at development projects and reported substantial shell completion of a Class A, 297K SF rear-load warehouse near Nashville. Moody's has raised the company's corporate credit rating to Baa2 with a stable outlook. As of May 26, 2025, STAG Industrial addressed 81.4% of expected 2025 new and renewal leasing, covering 12.3 million square feet, with a cash rent change of 23.5%. The company reported an estimated liquidity of approximately $1.0 billion, which includes cash on the balance sheet, an undrawn revolver balance, and committed private placement debt proceeds. You can access the full presentation through the link below.
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