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STAG INDUSTRIAL STAG INDUSTRIAL ANNOUNCES THIRD QUARTER 2021 RESULTS Boston , MA October 28 , 2021 - STAG Industrial , Inc. ( the " Company " ) ( NYSE : STAG ) , today announced its financial and operating results for the quarter ended September 30 , 2021 . " STAG showcased the rare ability to drive acquisition volume while maintaining pricing discipline , " said Ben Butcher , Chief Executive Officer of the Company . " This combined with continued internal growth resulted in exceptional Core FFO per share growth in the third quarter . " Third Quarter 2021 Highlights Reported $ 0.30 of net income per basic and diluted common share for the third quarter of 2021 , compared to $ 0.15 of net income per basic and diluted common share for the third quarter of 2020. Reported $ 48.4 million of net income attributable to common stockholders for the third quarter of 2021 , compared to net income attributable to common stockholders of $ 22.4 million for the third quarter of 2020 . Achieved $ 0.53 of Core FFO per diluted share for the third quarter of 2021 , an increase of 15.2 % compared to third quarter 2020 Core FFO per diluted share of $ 0.46 . Generated Core FFO of $ 88.1 million for the third quarter of 2021 , compared to $ 70.7 million for the third quarter of 2020 , an increase of 24.6 % . Produced Cash NOI of $ 111.1 million for the third quarter of 2021 , an increase of 16.8 % compared to the third quarter of 2020 of $ 95.2 million . Produced Same Store Cash NOI of $ 89.2 million for the third quarter of 2021 , an increase of 2.9 % compared to the third quarter of 2020 of $ 86.7 million . Produced Cash Available for Distribution of $ 72.4 million for the third quarter of 2021 , an increase of 32.1 % compared to the third quarter of 2020 of $ 54.8 million . Acquired 24 buildings in the third quarter of 2021 , consisting of 4.0 million square feet , for $ 427.2 million , with a Cash Capitalization Rate of 5.3 % and a Straight - Line Capitalization Rate of 5.7 % . Sold eight buildings in the third quarter of 2021 , consisting of 711,050 square feet for $ 39.4 million , resulting in a net gain of $ 22.7 million . Achieved an Occupancy Rate of 95.9 % on the total portfolio and 96.8 % on the Operating Portfolio as of September 30 , 2021 . Commenced Operating Portfolio leases of 3.7 million square feet for the third quarter of 2021 , resulting in a Cash Rent Change and Straight - Line Rent Change of 8.0 % and 14.7 % , respectively . Experienced 55.7 % Retention for 3.3 million square feet of leases expiring in the quarter . Raised gross proceeds of $ 127.5 million of equity through the Company's at - the - market offering ( " ATM " ) program for the third quarter of 2021 . Subsequent to quarter end , on October 26 , 2021 , closed a new $ 750 million senior unsecured revolving credit facility , refinanced a $ 150 million unsecured term loan scheduled to mature in 2022 , and improved pricing on $ 675 million of unsecured debt . Subsequent to quarter end , on October 28 , 2021 , closed the sale of a 350,326 square foot building located in Taunton , Massachusetts . The gross proceeds of $ 78.0 million represent a 3.1 % cap rate . 1