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Stock Market & Financial Investment News

News Breaks
December 16, 2012
12:55 EDTSTAGSTAG announces an at-the-market equity program
STAG Industrial announced that it has filed a prospectus supplement under which it may from time to time sell an aggregate of up to $75M of its shares of common stock through an at-the-market offering program. The shares may be offered through RBC Capital Markets, BofA Merrill Lynch, Raymond James, UBS Investment Bank, or Wells Fargo Securities, each of whom may act as sales agent.The common stock will be offered under the Company's existing effective shelf registration statement filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
News For STAG From The Last 14 Days
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April 1, 2015
09:07 EDTSTAGSTAG Industrial announces ATM results for Q1
STAG Industrial announced that, under its "At the Market" stock offering program, the company issued an aggregate of 417,115 shares of common stock during the first quarter of 2015, receiving gross proceeds of approximately $10.1M and net proceeds of approximately $10M. The company used the net proceeds of the ATM to fund acquisitions, to repay indebtedness, including amounts outstanding under its unsecured revolving credit facility, and for working capital and other general corporate purposes.
09:07 EDTSTAGSTAG Industrial announces acquisition and leasing activity for March, Q1
In March, the company acquired four distribution warehouse buildings containing a total of 982,227 square feet, for $62 million. The acquired buildings are 100% occupied. For the quarter ended March 31, 2015, the company acquired five industrial buildings consisting of approximately 1.5M square feet for $97M. The weighted average estimated cap rate for the buildings acquired in the quarter was 8.0%. In March, the company executed 347,835 square feet of leases comprised of 167,200 square feet of new leases and 180,635 of temporary leases. For the quarter ended March 31, 2015, the company executed 549,133 square feet of leases comprised of 167,200 square feet of new and expansion leases, 136,653 square feet of renewal leases, and 245,280 square feet of temporary leases.
March 26, 2015
08:54 EDTSTAGSTAG Industrial management to meet with JMP Securities
Meeting to be held in St Louis on March 31 hosted by JMP Securities.

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