Key Developments: STAG Industrial Inc (STAG.N)

STAG.N on New York Stock Exchange

24.53USD
17 Apr 2014
Price Change (% chg)

$0.23 (+0.95%)
Prev Close
$24.30
Open
$24.33
Day's High
$24.55
Day's Low
$24.25
Volume
59,840
Avg. Vol
82,687
52-wk High
$24.69
52-wk Low
$18.78

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Latest Key Developments (Source: Significant Developments)

STAG Industrial Inc announces pricing of notes
Wednesday, 2 Apr 2014 04:05pm EDT 

STAG Industrial Inc:Pricing of a $100 mln private placement of senior unsecured notes.Notes consisting of $50 mln with 10 year term and $50 mln with 12 year term.Notes will bear interest at fixed rate of 4.98 pct.  Full Article

STAG Industrial Inc announces CFO to transition role effective Apr. 21
Friday, 7 Feb 2014 04:12pm EST 

STAG Industrial Inc:Says Gregory W. Sullivan, chief financial officer and executive vice president of the company has notified the company of his intention not to renew his contract at its expiration on Apr. 20.Says while Sullivan has resigned from his position as CFO effective Apr. 21, he will remain engaged by the company as its senior financial advisor for one year to ensure a smooth transition.Says the company will engage an executive search firm to undertake a search for a successor chief financial officer.Says during this transition period, William Crooker will continue performing his role as the company's chief accounting officer with respect to the company's accounting and reporting functions.  Full Article

STAG Industrial Inc announces acquisition
Thursday, 2 Jan 2014 09:15am EST 

STAG Industrial Inc:Says in Dec, the company acquired six buildings, consisting of two light manufacturing facilities and four warehouse and distribution facilities, containing a total of 1.7 million square feet for approximately $56 million.Says three of the buildings acquired are located near Chicago, Illinois.Says the remaining buildings are located near Lansing, Michigan, Knoxville, Tennessee, and Janesville, Wisconsin.Says the properties are 100% leased with a weighted average remaining lease term of just over five years.  Full Article

STAG Industrial Inc Signs New Lease For 427,000 Square Feet In Wisconsin
Thursday, 17 Oct 2013 05:06pm EDT 

STAG Industrial Inc announced it has signed a 427,000 square foot lease of a warehouse and distribution property located in Sun Prairie, Wisconsin. The new tenant is a major domestic catalog merchandising company and the lease has a term of over ten years.  Full Article

STAG Industrial Inc Declares Fourth Quarter Monthly Dividends For Common Stock
Wednesday, 2 Oct 2013 09:05am EDT 

STAG Industrial Inc announced that its Board of Directors has declared a monthly dividend on its common stock for the fourth quarter of 2013. The Company's Board declared a monthly dividend of $0.10 per common share per month, which equates to $1.20 per share annually, for the months of October, November, and December. For the months of October, November and December, Record Dates on October 31, 2013, November 29, 2013 and December 31, 2013 and Payment Dates on November 15, 2013, December 16, 2013 and January 15, 2014 respectively.  Full Article

STAG Industrial Inc Declares Third Quarter Dividends For Its Common Stock And Preferred Stocks
Monday, 12 Aug 2013 04:51pm EDT 

STAG Industrial Inc announced that Board of Directors has declared a third quarter common stock dividend of $0.30 per share, payable on October 15, 2013 to all common stockholders of record on September 30, 2013. On an annualized basis, this common stock dividend equates to $1.20 per share, or an annual distribution rate of 5.8%, based on the Company's closing pricing on August 12, 2013 of $20.69 per share. The Company's Board of Directors also declared a September 13, 2013 record date for the payment of the third quarter preferred stock dividends for its 9.0% Series A Cumulative Redeemable Preferred Stock and its 6.625% Series B Cumulative Redeemable Preferred Stock . The Company confirmed that the dividend for the Series A Cumulative Redeemable Preferred Stock is $0.5625 per share, which equates to $2.25 per share on an annualized basis, and the dividend for the Series B Cumulative Redeemable Preferred Stock is $0.4140625 per share, which equates to $1.65625 per share on an annualized basis. Both preferred stock dividends will be payable on September 30, 2013.  Full Article

STAG Industrial Inc Announces Acquisition
Monday, 3 Jun 2013 09:22am EDT 

STAG Industrial Inc announced its acquisitions and leasing activity for May 2013. The Company acquired two warehouse and distribution facilities containing a total of 337,380 square feet for approximately $18.5 million. These properties were acquired in individual transactions and are located in Mount Prospect, Illinois, and Williamsport, Pennsylvania. The properties are 100% leased with a weighted average lease term remaining of over seven years.  Full Article

STAG Industrial Inc Declares Second Quarter Dividends For Its Common Stock And Preferred Stocks
Monday, 6 May 2013 05:09pm EDT 

STAG Industrial Inc announced that Board of Directors declared a second quarter common stock dividend of $0.30 per share, payable on July 15, 2013 to all common stockholders of record on June 28, 2013. The Company's Board of Directors also declared a June 14, 2013 record date for the payment of the second quarter preferred stock dividends for its 9.0% Series A Cumulative Redeemable Preferred Stock and its 6.625% Series B Cumulative Redeemable Preferred Stock . The Company confirmed that the dividend for the Series A Cumulative Redeemable Preferred Stock is $0.5625 per share, which equates to $2.25 per share on an annualized basis, and the dividend for the Series B Cumulative Redeemable Preferred Stock is $0.34505 per share (prorated for the period April 16, 2013 to June 30, 2013), which equates to $1.66 per share on an annualized basis. Both preferred stock dividends will be payable on July 1, 2013.  Full Article

STAG Industrial Inc Announces Acquisition Of Three Warehouse And Distribution Facilities And One Light Manufacturing Facility
Wednesday, 1 May 2013 04:27pm EDT 

STAG Industrial Inc announced that the Company acquired three warehouse and distribution facilities and one light manufacturing facility containing a total of 713,758 square feet for approximately $32 million. These properties were acquired in individual transactions and are located in Mishawaka, Indiana, Idaho Falls, Idaho, Houston, Texas, and Southfield, Michigan. The properties are 100% leased with a weighted average lease term remaining of over five years.  Full Article

STAG Industrial Inc Announces Pricing Of 2,500,000 Shares Of 6.625% Series B Cumulative Redeemable Preferred Stock
Tuesday, 9 Apr 2013 05:03pm EDT 

STAG Industrial Inc announced the pricing of an underwritten public offering of 2,500,000 shares of its 6.625% Series B Cumulative Redeemable Preferred Stock (the Series B Preferred Stock) at a price of $25.00 per share for gross proceeds of $62,500,000. The offering is expected to close on April 16, 2013, subject to customary closing conditions. The Company has granted the underwriters of the offering a 30-day option to purchase up to an additional 300,000 sharesof Series B Preferred Stock. The Company intends to apply to list the Series B Preferred Stock on the New York Stock Exchange under the symbol STAG Pr B. The Company's operating partnership intends to use the net proceeds from the offering to repay indebtedness outstanding under the Company's unsecured corporate revolving credit facility (which indebtedness was used to fund recent acquisitions), to fund acquisitions currently under contract, for general working capital purposes or a combination of the foregoing. Raymond James & Associates, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC acted as the joint book-running managers for the offering.  Full Article

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