Stag Industrial, Inc. · NYSE:STAG
Stag Industrial — Corporate Update (September 2023)
10 slides from Stag Industrial's corporate update, September 2023
Slide 1: STAG Industrial Business Update – Fall 2023
STAG INDUSTRIAL Business Update – Fall 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: 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 handles chain reconfiguration US has meaningful incremental e- e-commerce activity (1) providing secular commerce runway based on historical demand drivers UK rate E-Commerce Retail Sale
Slide 4: Demand Dynamics: Nearshoring & Onshoring
DEMAND DYNAMICS: NEARSHORING & ONSHORING Accelerating re-shoring and near-shoring trends continue to drive domestic warehouse space demand Approximately 30% of STAG’s portfolio is located within 60-mile radius of Megasite Projects1 STAG SF (in Millions) 0.0-0.5 0.5-1.0 1.0-2.1 2.1-5.3 5.3-10.4 Megas
Slide 5: Leasing & Portfolio Update
LEASING & PORTFOLIO UPDATE Q2 2023 YTD Same Store Cash NOI growth of 5.3% 2023 Same Store Cash NOI guidance range of 5.00% - 5.25% 1 As of August 29, 2023, 93.2% of expected 2023 new and renewal leasing has been addressed, consisting of 12.4 million square feet, achieving Cash Rent Change of 30.8%.
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: 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 5.00% - 5.25% Expect recent Same Store Cash NOI growth to be eight years • Retention range of 70 – 75% sustainable, driven by increase in rental escalators
Slide 8: Balance Sheet & Liquidity Update
BALANCE SHEET & LIQUIDITY UPDATE ESTIMATED LIQUIDITY AS OF SEPTEMBER 7, 2023 Cash on balance sheet $16.7 million ESTIMATED LIQUIDITY EXCLUDING UNDRAWN REVOLVER BALANCE $16.7 million Undrawn revolver balance $737.7 million TOTAL ESTIMATED LIQUIDITY AS OF SEPTEMBER 7, 2023 $754.4 million Net Debt to A
Slide 9: Appendix
INDUSTRIAL APPENDIX
Slide 10: 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