STAG Industrial, Inc. Announces Closing of $69 Million Preferred Stock Offering

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Nov 02, 2011, 08:22 ET

BOSTON, Nov. 2, 2011 /PRNewswire/ -- STAG Industrial, Inc. (NYSE: STAG) announced today that it closed on an offering of 2,760,000 shares of 9.0% Series A Cumulative Redeemable Preferred Stock, including 360,000 shares issued pursuant to the underwriters' exercise in full of their overallotment option.

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The shares were issued at a price of $25.00 per share for gross proceeds of $69,000,000.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Raymond James & Associates, Inc., UBS Securities LLC, and Wells Fargo Securities, LLC acted as the joint book-running managers for the offering. RBC Capital Markets, LLC acted as the lead manager and Keefe, Bruyette & Woods, Inc. acted as the co-manager for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on October 26, 2011. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the final prospectus relating to the offering may be obtained from (a) Merrill Lynch, Pierce, Fenner & Smith Incorporated, by e-mail: [email protected]; (b) Raymond James & Associates, Inc., by calling 1-800-248-8863 or by e-mail: [email protected]; (c) UBS Securities LLC, by calling 1-877-827-6444, ext. 561-3884; or (d) Wells Fargo Securities, LLC, by calling 1-800-326-5897 or by e-mail: [email protected].

About STAG Industrial, Inc.

STAG Industrial, Inc. is a self-administered and self-managed full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. The Company's portfolio consists of 100 properties in 26 states with approximately 16.2 million rentable square feet.

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 Registration Statement on Form S-11 filed with the Securities and Exchange Commission on October 26, 2011, as updated by the Company's annual and quarterly reports. 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.

SOURCE STAG Industrial, Inc.