secwatch.observer — SEC 8-K summary
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Issuer:     STAG Industrial, Inc. (STAG)
CIK:        0001479094
Form:       8-K
Filed at:   2022-02-16T23:59:59+00:00
Accession:  0001479094-22-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STAG Industrial Q4 Core FFO rises 4.1% to $0.51; CEO transition announced
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- Net income $86.2M ($0.50/sh) vs $94.6M ($0.63/sh) in Q4 2020; Core FFO $0.51 (+4.1% YoY).
- Full year 2021 Core FFO $2.06 per diluted share, up 9.0% from $1.89 in 2020.
- Acquired 35 buildings for $689.5M at 5.0% cash cap rate in Q4; occupancy 96.9% as of Dec 31.
- CEO Ben Butcher to become Executive Chair; President William R. Crooker expected to succeed as CEO; Matts S. Pinard promoted to CFO (effective Jan 10, 2022).
- Raised $386.3M net equity via follow-on offering in Q4 2021; Cash NOI $114.5M (+14.0% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1479094/000147909422000005/0001479094-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1479094/000147909422000005/stag-20220216.htm
  HTML page:      https://secwatch.observer/filing/0001479094-22-000005

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