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Stock Market & Financial Investment News

News Breaks
January 16, 2013
09:04 EDTSTAGUpdate: Stag Industrial 5.46M share Spot Secondary priced at $18.30
The deal size was increased to 5.46M shares from 5M shares. RBC Capital, BofA/Merrill and Wells Fargo acted as joint book running managers for the offering.
News For STAG From The Last 14 Days
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September 2, 2015
16:20 EDTSTAGSTAG Industrial announces acquisition activity and leasing activity for August
STAG Industrial announced its acquisition and leasing activity for August 2015. In August, the Company acquired 14 buildings consisting of 1.9 million square feet for $72M. The acquired buildings are 100% occupied. During the eight months ended August 31, the Company acquired 33 buildings consisting of approximately 5.3M square feet for $273M. As of September 2 , the Company has entered into contracts to acquire six buildings for $40M. The Company has also executed non-binding letters of intent to acquire nine additional buildings for $65M. As of September 2, the Company's pipeline of potential acquisitions is $2.1B across 191 buildings. The pipeline is a point in time measure that includes all of the transactions under consideration by the Company's acquisitions group that have passed the initial screening process. The pipeline also includes transactions under contract and transactions with non-binding LOIs.The purchase and sale agreements for the properties under contract are subject to satisfaction of closing conditions, and the properties under LOI require the negotiation and execution of definitive purchase and sale agreements. There can be no assurance that any of the properties under contract or LOI will be acquired on the terms anticipated or at all. In August, the Company executed seven leases totaling 622,262 square feet consisting of 144,661 square feet of new leases, 399,701 square feet of renewal leases, and 77,900 square feet of temporary leases. For the eight months ended August 31, the Company has executed 26 leases for approximately 3.8M square feet, including 703,890 square feet of new leases, 2.4M square feet of renewal leases, and 698,500 square feet of temporary leases.
August 24, 2015
16:07 EDTSTAGSTAG Industrial signs 134,400 square foot lease in Gresham, OR
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