STAG INDUSTRIAL ANNOUNCES TAX TREATMENT OF 2024 DIVIDENDS

PR Newswire

BOSTON, Jan. 21, 2025

BOSTON, Jan. 21, 2025 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced the tax treatment of its 2024 dividends to holders of its common stock.

The tax treatment for the common stock dividend is detailed in the investor relations section on the Company's website and is summarized below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment.

 
                               TAX TREATMENT OF 2024 COMMON DISTRIBUTIONS 
-------------------------------------------------------------------------------------------------------- 
CUSIP # 8524J 102 
Ticker Symbol: STAG 
                                                                                  2024 
                                           2024     2024 Capital      2024      Return of 
                            Total        Ordinary       Gain      Unrecaptured   Capital   Section 199A 
 Record     Payable   Distribution        Taxable   Distribution  Section 1250     Per       Dividends 
  Date       Date         Per Share      Dividends     (3)(4)       Gain (1)      Share         (2) 
---------  ---------  -----------------  ---------  ------------  ------------  ---------  ------------- 
12/29/23   01/16/24       $0.106655      $0.095919   $0.003192     $0.003192    $0.007544    $0.095919 
01/31/24   02/15/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
02/29/24   03/15/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
03/28/24   04/15/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
04/30/24   05/15/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
05/31/24   06/17/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
06/28/24   07/15/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
07/31/24   08/15/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
08/30/24   09/16/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
09/30/24   10/15/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
10/31/24   11/15/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
11/29/24   12/16/24       $0.123333      $0.110918   $0.003691     $0.003691    $0.008724    $0.110918 
12/31/24   01/15/25 
       Total              $1.463318      $1.316017   $0.043793     $0.043793    $0.103508    $1.316017 
--------------------  -----------------  ---------  ------------  ------------  ---------  ------------- 
 
(1) The amount reported as Unrecaptured Section 1250 Gain is a subset of, and is included in, the 
Capital Gain Distribution. 
(2) The amount reported as Ordinary Taxable Dividends is treated as a qualified REIT dividend for 
purposes of Section 199A. 
(3) The Section 897 Capital Gain amount is equal to 100% of the total Capital Gain Distribution to 
shareholders for tax year ended December 31, 2024. 
(4) Pursuant to Treasury Regulation --1.1061-6(c), STAG Industrial, Inc. is disclosing additional 
information related to the Capital Gain Distributions reported 
on Form 1099-DIV, for purposes of Section 1061. Section 1061 is generally applicable to direct and 
indirect holders of "applicable partnership interests." The 
One Year Amounts and "Three Year Amounts" required to be disclosed are both zero with respect to the 
2024 distributions, since all capital gain dividends 
relate to Section 1231 gains. 
 

The Company did not incur any foreign taxes in 2024. The December 2023 monthly common stock dividend that was declared on October 11, 2023, and paid on January 16, 2024, of $0.122500 per share will be considered a dividend partially attributable to 2023 and 2024 for U.S. federal income tax purposes. The December 2024 monthly common stock dividend that was declared on October 9, 2024, and paid on January 15, 2025, of $0.123333 per share will be considered a dividend attributable to 2025 for U.S. federal income tax purposes.

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership and operation of industrial properties throughout the United States. As of September 30, 2024, the Company's portfolio consists of 578 buildings in 40 states with approximately 114.5 million rentable square feet.

For additional information, please visit the Company's website at www.stagindustrial.com.

Forward-Looking Statements

This press release, 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, 2023 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.

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SOURCE STAG Industrial, Inc.

/CONTACT: STAG Industrial, Inc., Matts Pinard, Executive Vice President, Chief Financial Officer, and Treasurer 617-226-4987, InvestorRelations@stagindustrial.com

(END) Dow Jones Newswires

January 21, 2025 16:06 ET (21:06 GMT)