STAG Industrial (STAG) Investor presentation summary

Company overview and market position

• Only pure-play industrial REIT active across all CBRE Tier 1 industrial real estate markets, with 601 buildings and 120.3 million SF owned as of Q1 2026.

• Member of the S&P MidCap 400 index, with an enterprise value of $10.2 billion and 56.2% total shareholder return since December 2020.

• Portfolio spans 41 states, with a weighted average lease term of 4.4 years and 27.2% multi-tenant industrial NRA.

Portfolio performance and growth

• Achieved portfolio rent growth exceeding market rent growth by 12.8 percentage points since 2020.

• 79% of expected 2026 new and renewal leasing addressed, totaling 14.4 million SF, with a 20.2% cash rent change as of April 27, 2026.

• 2026 guidance includes same store cash NOI growth of 2.75%–3.25%, retention of 70–80%, and cash rent change of 18–20%.

• Average same store occupancy projected at 96–97% for 2026.

Supply and demand dynamics

• STAG’s average lease size is less than 150k SF, with only 12% of the US construction pipeline in its top 10 markets.

• About 31% of the portfolio handles e-commerce activity, with significant runway for US e-commerce growth compared to the UK.

• One-third of the portfolio is within 60 miles of major megasite projects, benefiting from nearshoring and onshoring trends.