STAG Industrial (STAG) Investor presentation summary

Company overview and market position

• Listed on NYSE and member of S&P MidCap 400, focused exclusively on industrial real estate in all CBRE Tier 1 markets.

• Owns 601 buildings totaling 120 million SF, with an enterprise value of $10.3 billion as of Q4 2025.

• Achieved a total shareholder return of 54.7% since December 31, 2020.

Portfolio metrics and growth

• Portfolio spans 41 states with a weighted average lease term of 4.3 years and 26.9% multi-tenant NRA.

• Equity market capitalization is $7.1 billion; annual free cash flow after dividends exceeds $120 million.

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

Supply and demand dynamics

• 56% of US construction pipeline is for buildings over 300k SF, while average lease size is under 150k SF.

• Only 22% of new construction is in the company’s top 10 markets, limiting direct competition.

• E-commerce and supply chain reconfiguration drive demand; 31% of portfolio handles e-commerce activity.

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