Stag Industrial, Inc. · NYSE:STAG
Stag Industrial — Fall 2022 Conference
7 slides from Stag Industrial's conference presentation, September 2022
Slide 1: STAG Industrial Business Update – Fall 2022
STAG INDUSTRIAL BUSINESS UPDATE – FALL 2022
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: 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 ~40% of STAG’s portfolio chain reconfiguration to drive domestic warehouse incrementally drive i
Slide 4: Leasing & Portfolio Update
LEASING & PORTFOLIO UPDATE Q2 2022 YTD cash same store growth of 4.7% 2022 cash same store growth guidance range of 4.25% - 4.75% 1 - Current guidance +100 bps at mid-point as compared to initial 2022 guidance Shorter downtime between leases + Highest level of same store 2.5% weighted average rental
Slide 5: Acquisition & Disposition Update
ACQUISITION & DISPOSITION UPDATE • Acquisition volume guidance range of $700 million to $1.1 billion Expect attractive acquisition opportunities in Q4 2022 - Cash capitalization rate range of 5.25% - 5.50% Cap rate expansion on transactions featuring long term leases with low contractual rental esca
Slide 6: Balance Sheet & Liquidity Update
BALANCE SHEET & LIQUIDITY UPDATE ESTIMATED LIQUIDITY AS OF SEPTEMBER 6, 2022 Cash on balance sheet $20.4 million ESTIMATED LIQUIDITY EXCLUDING UNDRAWN REVOLVER BALANCE $20.4 million Undrawn revolver balance $900.0 million TOTAL ESTIMATED LIQUIDITY AS OF SEPTEMBER 6, 2022 $920.4 million Net Debt to R
Slide 7: Building Blocks of Growth
BUILDING BLOCKS OF GROWTH HISTORICAL TREND 2022 GUIDANCE NOTES Average same store cash NOI growth of ~1.6% over past Same store cash NOI growth of 4.25% - 4.75% Highest level of guidance presented in company history seven years • Retention range of 65 – 75% • Cash leasing spreads in mid teens Driven