|
Quotes & Info
|
| STAG > SEC Filings for STAG > Form 8-K on 3-Jan-2013 | All Recent SEC Filings |
3-Jan-2013
Other Events
STAG Industrial, Inc. (the "Company") discloses the following recent developments:
Acquisition Activity
During December 2012, the Company acquired six industrial properties totaling approximately 1.4 million square feet for approximately $55 million. During the quarter ended December 31, 2012, the Company acquired a total of 40 industrial facilities consisting of approximately 6.5 million square feet for approximately $213 million.
In addition, the Company has entered into purchase and sale agreements to acquire two additional properties for a total purchase price of approximately $11 million, subject to various closing conditions. The Company can make no assurance that it will acquire the properties that are currently subject to a purchase and sale agreement or, if it does, what the terms or timing of any such acquisition will be.
Leasing Activity
During the quarter ended December 31, 2012, the Company signed leases totaling 856,167 square feet, consisting of approximately 184,814 square feet of new or expansion leases and 671,353 square feet of renewal leases. The tenant retention rate for the leases expiring in the fourth quarter of 2012 was 72% resulting in a tenant retention rate for the full year of 84%. As of December 31, 2012, the Company's properties were approximately 95.1% leased.
Forward-Looking Statements
This Current Report on Form 8-K, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "will," "expect," "intend," "anticipate," "estimate," "should," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2011, as updated by the Company's Quarterly Reports on Form 10-Q. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
|
|