STAG IndustrialNYSE: STAG

Currently, I have only one industrial REIT in my portfolio. It is STAG Industrial. The reason I have been bullish on STAG since March this year is because of high quality financials, low multiple and decent growth prospects. The Q3 2024 earnings report confirms once again that the business is strong and nicely positioned to safely accommodate the envisaged growth.

STAG Industrial, Inc. (NYSE:STAG ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Steve Xiarhos - Senior Associate of Investor Relations and Capital Markets William Crooker - President and Chief Executive Officer Matts Pinard - Executive Vice President and Chief Financial Officer Conference Call Participants Craig Mailman - Citigroup Inc. Nicholas Thillman - Robert W. Baird & Co. Eric Borden - BMO Capital Markets Jason Belcher - Wells Fargo Securities Michael Carroll - RBC Capital Markets Richard Anderson - Wedbush Securities Inc. Brendan Lynch - Barclays Bank Jonathan Petersen - Jefferies LLC Operator Greetings and welcome to the STAG Industrial, Inc. Third Quarter 2024 Earnings Conference Call.

The headline numbers for Stag (STAG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

BOSTON , Oct. 29, 2024 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG), today announced its financial and operating results for the quarter ended September 30, 2024. "STAG executed its business plan this quarter, bringing the Company another step closer to achieving its goals for 2024," said Bill Crooker, President and Chief Executive Officer of the Company.

BOSTON , Oct. 9, 2024 /PRNewswire/ -- The Board of Directors of STAG Industrial, Inc. (the "Company") (NYSE: STAG) maintained the monthly common stock dividend at $0.123333 per share and declared the following fourth quarter common stock dividends: FOURTH QUARTER 2024 COMMON STOCK DIVIDENDS DECLARED Month Record Date Payment Date Dividend Per Share October 2024 October 31, 2024 November 15, 2024 $0.123333 November 2024 November 29, 2024 December 16, 2024 $0.123333 December 2024 December 31, 2024 January 15, 2025 $0.123333 About STAG Industrial, Inc. STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership, and operation of industrial properties throughout the United States. As of June 30, 2024, the Company's portfolio consists of 573 buildings in 41 states with approximately 114.1 million rentable square feet.

Stag (STAG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

STAG Industrial is a well-managed industrial REIT with a growing portfolio, stable dividend payout, and a 4% yield, making it a 'Buy'. STAG grows responsibly via acquisitions, benefiting from strong eCommerce demand, and maintains a high occupancy rate and stable dividend payout ratio. Despite slow dividend growth, STAG Industrial offers a high margin of safety for passive income investors, with a payout ratio of 61%.

BOSTON , Oct. 1, 2024 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE:STAG) today announced that the Company will release its third quarter 2024 operating and financial results after market close on Tuesday, October 29, 2024. The Company will host its quarterly earnings conference call on Wednesday, October 30, 2024, at 10:00 a.m.

STAG's investment spread has improved, with a positive spread of 39 basis points, but it's not sufficient for a buy recommendation. Their cost of equity is 6.09%, but the total return for investors is only 4.48%, indicating that accretion is lacking at the shareholder level. Dividend growth may accelerate due to a reduction in the payout ratio, suggesting more secure and potentially higher future dividends.