STAG Industrial : Investor Presentation – Spring 2025

Published: 2025-06-02 16:15:19 ET STAG

Published on 06/02/2025 at 16:15

Spring 2025 I nvestor Presentation

STAG OVERVIEW

IPO

NYSE

Only pure-play industrial REIT active across all CBRE Tier 1 industrial real estate markets1

Platform designed to provide growth through sophisticated industrial operation and attractive opportunity set

Member of the S&P Mid-Cap 400 index

Market Focus 1

Member

Buildings 2

Owned 2

Enterprise Value 2

Total Shareholder Return

Since December 31, 2020

(As of March 31, 2025)

CBRE-EA Tier 1 industrial markets are those markets with a sufficient sample of building-by-building rent observations at the market and submarket level over the trailing 10 years. The Tier 1 list includes 75 of the 131 markets covered by CBRE-EA and is highly correlated with larger populations and/or more established industrial markets.

Reflects data as of Q1 2025.

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© 2025 STAG Industrial, Inc.

& Quality

As of Q1 '25

Number of States 41

CBRE Tier 1 and Tier 2 Exposure By % ABR 87%

Weighted Average Lease Term (Years) 4.2

Multi-Tenant Industrial % NRA1 2 26.7%

Equity Market Capitalization (millions) $6,885 Free Cash Flow (annual) after Dividends 3 $100 mm + CAD Payout Ratio 4 67%

2025 5

WA Portfolio Escalators ~ 2.8%

Cash Rent Change ~ 25.0%

SL Rent Change ~ 35.0%

Same Store Cash NOI % Growth 3.50% - 4.00%

Net Debt to Annualized Run Rate Adjusted EBITDAre 5.00x - 5.50x

% secured debt < 0.1%

Excludes flex/office assets.

NRA is defined as Net Rentable Area.

Calculated as annualized Q1 2025 Cash Available for Distribution of approximately $425 million less annualized Q1 2025 cash dividends paid of approximately $280 million

Calculated as Q1 2025 cash dividends paid of approximately $70 million divided by Q1 2025 Cash Available for Distribution of approximately $105 million

Management's forecasts. Actual results may vary. 4

800

700

600

500

Millions

400

300

200

100

0

Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025

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Disclaimer

STAG Industrial Inc. published this content on June 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 02, 2025 at 20:14 UTC.