STAG Industrial (STAG) investor relations material

Leasing activity and portfolio performance

• 11.2 million square feet leased year-to-date as of May 25, 2026, with 2.4 million new and 8.8 million renewal square feet.

• Cash rent change averaged 20.3% year-to-date, with straight-line rent change at 36.3%.

• Weighted average lease term for new and renewal leases is 6.0 years, with retention at 76% and adjusted retention at 84%.

• 84.3% of expected 2026 leasing addressed, totaling 15.0 million square feet and 20.4% cash rent change.

• Five development leases signed year-to-date, totaling 287,440 square feet; Tampa, FL project now 25% leased.

Balance sheet and liquidity

• Estimated liquidity as of May 25, 2026, is $780.0 million, including $95.2 million cash and $684.8 million undrawn revolver.

• Debt maturity ladder is balanced, with major maturities spread from 2026 to 2031 and beyond.

• Weighted average interest rate is 4.42% and weighted average debt maturity is 4.3 years.

• Fitch and Moody's credit ratings are BBB/Stable and Baa2/Stable, respectively.

Forward-looking statements and definitions

• Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially.

• Preliminary Q2 2026 data is unaudited and subject to revision after financial closing procedures.

• Non-GAAP financial measures are used, with definitions and reconciliations available in supplemental materials.