Stag Industrial, Inc. · NYSE:STAG
Stag Industrial — Investor Presentation (September 2026)
17 slides from Stag Industrial's investor presentation, September 2026
Slide 1: Fall 2026 Investor Presentation
F a l l 2 0 2 6 I n ve s t o r P r e s e n t a t i o n
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. (“S
Slide 3: STAG Overview
STAG OVERVIEW 2011 STAG IPO NYSE Only pure-play industrial REIT active across CBRE Tier 1 122.6 Million SF all CBRE Tier 1 industrial real estate Market Focus 1 Owned 2 markets1 Platform designed to provide growth S&P MidCap 400 $10.9 Billion through sophisticated industrial operation Member Enterpr
Slide 4: Portfolio Metrics
PORTFOLIO METRICS As of Q2 ‘26 Number of States 41 Weighted Average Lease Term (Years) 4.5 Portfolio Portfolio & Multi-Tenant Industrial % NRA1 27.6% Growth Quality Equity Market Capitalization (millions) $7,488 2026 2 WA Portfolio Escalators ~ 2.9% Cash Rent Change 18.0% – 20.0% Balance Internal Gr
Slide 5: Supply Dynamics
SUPPLY DYNAMICS 48% of the US construction STAG’s average lease size less Only 15% of the US ~58% of US construction pipeline is isolated within the than 150k SF and median lease construction pipeline is in pipeline is greater than 300k SF top 10 most active construction size approximately 110k SF S
Slide 6: Demand Dynamics: Ecommerce Activity and Supply Chain Configuration
DEMAND DYNAMICS: ECOMMERCE ACTIVITY AND SUPPLY CHAIN CONFIGURATION E-commerce and supply ~31% of STAG’s portfolio chain reconfiguration are US has meaningful incremental e-commerce handles e-commerce activity 1 secular runway based on historical UK rate demand drivers E-Commerce Retail Sales (%) of
Slide 7: Demand Dynamics: Nearshoring & Onshoring
DEMAND DYNAMICS: NEARSHORING & ONSHORING Accelerating re-shoring and near-shoring trends continue to drive domestic warehouse space demand Approximately one-third of STAG’s portfolio is located within 60-mile radius of Megasite Projects 1 STAG SF (in Millions) 0.0-0.5 0.5-1.0 1.0-2.1 2.1-5.3 5.3-11.
Slide 8: Portfolio Evolution
PORTFOLIO EVOLUTION Market Rent Growth1 STAG’s portfolio rent 41.8% growth exceeded market rent growth by 12.8 percentage points 2 29.0% STAG 2021 2022 2023 2024 2025 2026 2027 - 2029 Markets STAG’s CBRE Mid-Single Tier 1 market 7.1% 10.3% 7.1% ~4% 1.3% 0-2% forecast 1 Digits 2020 2021 2022 2023 202
Slide 9: Portfolio Optimization & Organizational Structure
PORTFOLIO OPTIMIZATION & ORGANIZATIONAL STRUCTURE Market Research Acquisitions OPERATIONS PLATFORM Accounting & Finance Operations Platform Asset Property Finance Development Construction Management Management Legal Capital Markets Credit 97.6% of expected 2026 new and renewal leasing has been addre
Slide 10: Value-Add & Building Expansion Activity
VALUE-ADD & BUILDING EXPANSION ACTIVITY 25+ value-add leasing projects ~ 20 building expansion Leveraging local market expertise identified and executed through projects identified & completed and relationships to take STAG’s leasing & operating by STAG’s Asset Management & advantage of opportunitie
Slide 11: Development Projects
DEVELOPMENT PROJECTS STEVE T. KIMBALL BRIAN M. LAMONT Executive Vice President and Chief Senior Vice President, Head of Operating Officer Development and Sustainability Completed the development of fifteen buildings with three more buildings in-process to date 2735 & 2745 6980 RESOURCE DRIVE 14100 M
Slide 12: Acquisitions Platform
ACQUISITIONS PLATFORM PROCESS DRIVEN APPROACH TO ADDRESS ATTRACTIVE OPPORTUNITY Value created via granular approach to acquisitions across a broad opportunity set Benefit from relationships with real estate brokers developed over time who value STAG’s institutional transactional certainty MICHAEL C.
Slide 13: Balance Sheet Discipline
BALANCE SHEET DISCIPLINE CONSERVATIVE BALANCE SHEET POSITIONED TO SUPPORT GROWTH Conservative Capitalization Fixed Rate Borrower 1 Low Leverage (in $ millions) As of As of $4 13.0% 12/31/25 6/30/26 Secured Debt Floating < 0.1% (revolving credit Net Debt to Annualized $3,449 facility only) Run Rate A
Slide 14: Building Blocks of Growth
BUILDING BLOCKS OF GROWTH HISTORICAL TREND 2026 GUIDANCE NOTES Average Same Store Cash NOI growth of ~3.1% over past Same Store Cash NOI growth of 3.00% - 3.50% Expect recent Same Store Cash NOI growth to be ten years • Retention at 75.0% sustainable, driven by increase in rental escalators, higher
Slide 15: Compelling Valuation
COMPELLING VALUATION Growing Income IMPLIED CAP RATE 1 • Internal growth with long history of success managing portfolio 6.7% 5.3% • External growth with large opportunity set and robust investment STAG Peer Average 2 pipeline • Opportunistic development projects by partnering local and regional dev
Slide 16: ESG - Environmental
ESG - ENVIRONMENTAL GREEN LEASE LEADERS SOLAR PANEL AWARD RECIPIENT INSTALLATION Recognizes forward-thinking Leverage rooftop square footage to companies that utilize energy efficient create clean energy and sustainable leases Gold level since 2020 37.2 MW completed to date STAG form lease includes
Slide 17: ESG – Social and Governance
ESG – SOCIAL AND GOVERNANCE SOCIAL RESPONSIBILITY GOVERNANCE Diverse board (36% women and minorities) and independent chairman — Focus on efforts supporting children, young adults, and promoting equal Shareholder friendly bylaws including majority voting opportunity across the U.S. and shareholder a
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