STAG Industrial, Inc. (STAG - Free Report) will continue being a net acquirer of assets this year, per a REIT.com report, that cited STAG CEO Ben Butcher's video interview.
This interview at REITWeek 2016 also revealed that the company expects to sell at least a small portfolio of $60–$80 million in the current year, in order to rake capital for consistent acquisitions.
This Boston-based REIT which is focused on the acquisition and operation of single-tenant, industrial properties all through the U.S., has acquired five buildings, encompassing 1.4 million square feet of space for $58.2 million during the second quarter, with a weighted average capitalization rate of 7.9%.
Further, STAG Industrial’s acquisitions amounted to $86.1 million in the first half of the year. Subsequent to quarter-end acquisitions totaled $30.3 million and involved three buildings and further the company had 11 buildings for $141.9 million under contract as of Aug 2, 2016. On the other hand, STAG Industrial reported second-quarter dispositions of $17.8 million involved seven buildings. Its dispositions aggregated $50.6 million for the first six months.
The industrial real estate market has been experiencing solid growth, thanks to the rising Internet retailing as well as supply-chain consolidation. This, in turn, is generating higher demand for logistics infrastructure and efficient distribution networks, providing ample scope to the industrial REITs to leverage growth opportunities.
Currently, STAG Industrial carries a Zacks Rank #3 (Hold).
Investors interested in the REIT industry may consider stocks like CoreSite Realty Corp. (COR - Free Report) , Washington Real Estate Investment Trust and W. P. Carey Inc. (WPC - Free Report) . Each of these stocks holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
STAG Industrial, Inc. (STAG - Free Report) will continue being a net acquirer of assets this year, per a REIT.com report, that cited STAG CEO Ben Butcher's video interview.
This interview at REITWeek 2016 also revealed that the company expects to sell at least a small portfolio of $60–$80 million in the current year, in order to rake capital for consistent acquisitions.
This Boston-based REIT which is focused on the acquisition and operation of single-tenant, industrial properties all through the U.S., has acquired five buildings, encompassing 1.4 million square feet of space for $58.2 million during the second quarter, with a weighted average capitalization rate of 7.9%.
Further, STAG Industrial’s acquisitions amounted to $86.1 million in the first half of the year. Subsequent to quarter-end acquisitions totaled $30.3 million and involved three buildings and further the company had 11 buildings for $141.9 million under contract as of Aug 2, 2016. On the other hand, STAG Industrial reported second-quarter dispositions of $17.8 million involved seven buildings. Its dispositions aggregated $50.6 million for the first six months.
The industrial real estate market has been experiencing solid growth, thanks to the rising Internet retailing as well as supply-chain consolidation. This, in turn, is generating higher demand for logistics infrastructure and efficient distribution networks, providing ample scope to the industrial REITs to leverage growth opportunities.
Currently, STAG Industrial carries a Zacks Rank #3 (Hold).
Investors interested in the REIT industry may consider stocks like CoreSite Realty Corp. (COR - Free Report) , Washington Real Estate Investment Trust and W. P. Carey Inc. (WPC - Free Report) . Each of these stocks holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on COR - FREE
Get the latest research report on STAG - FREE
Get the latest research report on WPC - FREE