BOSTON, April 1, 2014 /PRNewswire/ — STAG Industrial, Inc. (the “Company”) (NYSE: STAG), a company focused on the acquisition, ownership, and management of single-tenant industrial properties throughout the United States, today announced its operating activity for March 2014 as well as the first quarter of 2014.

Acquisitions

In March, the Company acquired two warehouse and distribution buildings, containing a total of 347,984 square feet for approximately $13.5 million. Both of the buildings are located in Ohio, one in Cleveland and one in Columbus. The buildings are 100% leased with a weighted average remaining lease term of just under five years.

In the first quarter of 2014, the Company acquired a total of four industrial buildings consisting of approximately one million square feet for approximately $37 million.

The Company has entered into contracts to acquire six additional buildings for a purchase price of approximately $56 million. These contracts are subject to various closing conditions which have not yet been satisfied, so there can be no assurance that the transactions will be consummated.

Leasing

In March, the Company signed one new lease for approximately 20,000 square feet. The Company also signed two renewal leases containing approximately 414,000 square feet, including the lease of a 383,500 square foot building located near Greensboro, North Carolina.

With these March leases, the Company had executed leases containing approximately 1.1 million square feet in the first quarter, consisting of approximately 125,000 square feet of new and expansion leases and approximately one million square feet of renewal leases. The tenant retention rate for first quarter of 2014 was 75%. The Company’s occupancy rate for the first quarter decreased slightly to 95.3% from 95.6% at the end of the fourth quarter of 2013.

About STAG Industrial, Inc.

STAG Industrial, Inc. is an industrial operating company focused on single-tenant, net-leased industrial properties throughout the United States. The Company’s portfolio consists of 212 properties in 34 states with approximately 39.1 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 STAG Industrial, Inc. (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, 2013 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.