Stag Industrial, Inc. · NYSE:STAG
Stag Industrial — NAREIT Update June 2022
7 slides from Stag Industrial's conference presentation, June 2022
Slide 1: STAG Industrial NAREIT Update – June 2022
STAG INDUSTRIAL NAREIT UPDATE – JUNE 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 Q1 2022 cash same store growth of 4.8% - Includes +40 bps impact from settlement payment for past-due rent (FY impact of +10 bps) 2022 cash same store growth guidance range of 4.0% - 4.5% 1 Shorter periods of time between leases + Highest level of same store 2.5% weighted
Slide 5: Acquisition & Disposition Update
ACQUISITION & DISPOSITION UPDATE YTD through May 31, 2022 = Continue to see attractive acquisition opportunities • $271.3 million acquired - 5.0% cash capitalization rate Cap rate expansion expected on transactions featuring long term leases with low contractual rental escalators • $36.1 million sol
Slide 6: Balance Sheet & Liquidity Update
BALANCE SHEET & LIQUIDITY UPDATE ESTIMATED LIQUIDITY AS OF MAY 31, 2022 Cash on balance sheet $12.1 million Unfunded private placement note proceeds 1 $400.0 million ESTIMATED LIQUIDITY EXCLUDING UNDRAWN REVOLVER BALANCE $412.1 million Undrawn revolver balance $280.0 million TOTAL ESTIMATED LIQUIDIT
Slide 7: Compelling Valuation
COMPELLING VALUATION Growing Income Value Creation Low Risk • Internal growth with long history of • Attractive asset class that is difficult to aggregate • Widely diversified portfolio across success managing portfolio geography, tenancy, industry, lease • Granular investment approach to identify r