Topic: How To Invest

Hi, Pat. Happy New Year to you and your team. What do you think of Stag Industrial Inc.? Thanks.

Article Excerpt

Stag Industrial Inc., $17.07, symbol STAG on New York (Shares outstanding: 68.1 million; market cap: $1.2 billion; www.stagindustrial.com) is a Boston-based real estate investment trust that focuses on single-tenant industrial properties throughout the U.S. Stag holds 281 properties, including 210 warehouses and distribution centres, 50 light-manufacturing plants and 21 office and mixed-use properties. In all, these holdings contain 52.1 million square feet of leasable space. Stag’s occupancy rate is 95.7%. The trust first sold shares to the public on April 15, 2011, for $13.00 each. Stag grows by acquisition: in the first nine months of 2015, it bought 35 properties for a total of $289.2 million. In October 2015, it acquired three more buildings for $21 million. Stag also agreed to purchase 11 more properties for a total of $81 million. The new properties boosted Stag’s revenue by 32.0% in the three months ended September 30, 2015, to $55.9 million from $42.4 million a year earlier. Cash flow jumped 32.0%, to $27.7 million from…