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STAG Industrial (STAG) Unveils 1Q16 Transaction Activities

STAG Industrial, Inc. STAG, the Boston, MA-based real estate investment trust (“REIT”) recently declared its acquisition, disposition and leasing activities for first-quarter 2016.

STAG Industrial focuses on acquisition, ownership and management of single-tenant industrial properties throughout the U.S. In first-quarter 2016, the company acquired five buildings, two in the state of Maine, two in Indiana and one in the state of Tennessee, for around $27.9 million. The buildings, spanning 710,754 square feet, were 62.7% occupied. Two buildings in Portland-South Portland, ME, covering an area of 265,126 square feet, were purchased for $12.5 million. Further, two properties in Cincinnati, OH-KY-IN covering an area of 206,448 and 108,620 square feet were bought for $5.3 million and $5.6 million respectively. The 130,560 square feet Knoxville, TN-based property was acquired for $4.5 million.

Also, during the first-quarter 2016, STAG Industrial sold four buildings, spanning over an area of around 1.2 million square feet for a sum of $32.8 million.

During first-quarter 2016, STAG Industrial leased around 2 million square feet of space which included 172,689 square feet of new leases, 1,533,041 square feet of renewal leases and 315,620 square feet of temporary leases.

Currently, STAG Industrial carries a Zacks Rank #3 (Hold).

Investors interested in the REIT industry may consider stocks like DCT Industrial Trust Inc. DCT, Easterly Government Properties, Inc. DEA and Douglas Emmett Inc DEI. Each of these stocks holds a Zacks Rank #2 (Buy).

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