Back to top

Analyst Blog

Zacks Equity Research

STAG Industrial Acquires Assets


 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at or call 800-767-3771 ext.  9339.

STAG Industrial, Inc. (STAG - Snapshot Report)), a real estate investment trust (REIT), has recently acquired two warehouse and distribution facilities for approximately $26 million. The two adjacent properties span 787,380 square feet and are located near Greenville, South Carolina. With this transaction, the company's year-to-date acquisition tally has surged to $200 million.

The two buildings are currently fully leased. One of the acquired properties, spanning 474,000 square feet, is leased to L. Perrigo Company, while the other (spanning 313,380 square feet) is leased to Arvato Digital Services, LLC.

L. Perrigo is a leading developer, manufacturer and distributor of pharmaceuticals and nutritional products. It uses this facility for storage and distribution of its nutritional products. Arvato provides various manufacturing and distribution services to media and entertainment and other industries. It uses the facility for producing and managing data storage media.

Through this strategic initiative, the company expects to enhance the quality of its portfolio and expects it to be accretive to earnings going forward. At the same time, the company continues the diversification of its portfolio to maintain a mix of markets and tenants, which in turn will limit its exposure to any single tenant, industry, or geographic location.

Despite the challenging economic environment, STAG Industrial has been very active on the acquisition front.  Earlier in the second quarter 2012, the company completed the acquisition of 12 properties for $74.9 million and added 2.3 million square feet to its portfolio

STAG Industrial is focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. The company is focused on the acquisition of Class B, single tenant industrial properties primarily in secondary markets. Presently, the company’s portfolio consists of 132 properties in 29 states with approximately 23.1 million rentable square feet.

STAG Industrial currently retains a Zacks #2 Rank, which translates into a short-term Buy rating. We have a long-term Neutral recommendation on the stock. One of its competitors, First industrial Realty Trust Inc (FR - Snapshot Report) retains a Zacks# 3 rank, which translates into a short term Hold rating.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%