STAG Industrial, Inc. · NYSE:STAG
STAG Industrial — Citi Global Property CEO Conference 2023
11 slides from STAG Industrial's conference presentation, March 2023
Slide 1: STAG Industrial Business Update – Winter 2023
STAG INDUSTRIAL BUSINESS UPDATE – WINTER 2023
Slide 2: Forward-Looking Statements & Definitions
FORWARD-LOOKING STATEMENTS & DEFINITIONS Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. STAG Industrial, Inc. (ST
Slide 3: Portfolio Growth & Quality
PORTFOLIO GROWTH & QUALITY IPO Era1 Q4 2015 TODAY 2 Portfolio Sq. Ft. (millions) 14.2 54.7 111.7 Properties 93 291 562 Portfolio Growth Number of States 26 38 41 IPO Era Q4 2015 TODAY Prim. and Sec. Market Exp. by % ABR 74.1% 87.6% 96.4% Flex/Office (% of ABR) 21.1% 3.9% 0.1% Portfolio Quality Weigh
Slide 4: Portfolio Optimization & Balance Sheet
PORTFOLIO OPTIMIZATION & BALANCE SHEET IPO Era 1 Q4 2015 TODAY 2 WA Portfolio Escalators 1.25% ~ 1.75% ~ 2.50% Cash Rent Change 4.7% 1.6% > 25% Internal Growth GAAP Rent Change 6.1% 7.1% > 30% Optimization Cash ssNOI % Growth No 0.6% ~ 4.75% Growth IPO Era Q4 2015 TODAY Equity market capitalization
Slide 5: Building Blocks of Growth
BUILDING BLOCKS OF GROWTH HISTORICAL TREND 2023 GUIDANCE NOTES Average same store cash NOI growth of ~2% over past Same store cash NOI growth of 4.50% - 5.00% Expect recent same store cash NOI growth to be eight years • Retention range of 65 – 75% sustainable, driven by increase in rental escalators
Slide 6: Multi-Faceted Approach to Creating Value
MULTI-FACETED APPROACH TO CREATING VALUE VALUE-ADD ACTIVITY, EXPANSION, AND DEVELOPMENT STAG completed more Value-Add & Development projects since 2020 than it did from IPO to 2019 20+ value-add leasing projects identified and ~ 20 building expansion projects identified & Three successful developmen
Slide 7: Impact of Pandemic on Ecommerce Activity and Supply Chain Configuration
IMPACT OF PANDEMIC ON ECOMMERCE ACTIVITY AND SUPPLY CHAIN CONFIGURATION Accelerating re-shoring and “Just-in-case” inventory and E-commerce and supply near-shoring trends continue reverse logistics needs ~31% of STAG’s portfolio chain reconfiguration to drive domestic warehouse incrementally drive i
Slide 8: Leasing & Portfolio Update
LEASING & PORTFOLIO UPDATE 2022 cash same store growth of 5.0% 2023 cash same store growth guidance range of 4.5% - 5.0% 1 As of February 13, 2023, 61.5% of expected 2023 new and renewal leasing has been addressed, consisting of 8.4 million square feet, achieving cash rent change of 31.6%. Shorter p
Slide 9: Balance Sheet & Liquidity Update
BALANCE SHEET & LIQUIDITY UPDATE ESTIMATED LIQUIDITY AS OF FEBRUARY 27, 2023 Cash on balance sheet $17.1 million ESTIMATED LIQUIDITY EXCLUDING UNDRAWN REVOLVER BALANCE $17.1 million Undrawn revolver balance $740.7 million TOTAL ESTIMATED LIQUIDITY AS OF FEBRUARY 27, 2023 $757.8 million Net Debt to A
Slide 10: Appendix
INDUSTRIAL APPENDIX
Slide 11: Non-GAAP Reconciliations
NON-GAAP RECONCILIATIONS (in thousands) Twelve months ended June 30, 2012 1 Twelve months ended December 31, 2015 Cash Available For Distribution Reconciliation Net loss $ (6,218) $ (29,345) Rental property depreciation and amortization 34,478 110,421 Loss on impairments 622 29,272 Gain on the sales
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