STAG Industrial, Inc. (NYSE:STAG) today announced the commencement of an underwritten public offering of an aggregate of 8,000,000 shares of its common stock, consisting of 5,600,000 shares offered directly by the Company and 2,400,000 shares offered on a forward basis in connection with the forward sale agreement described below. The forward purchaser (or its affiliate) and the Company intend to grant the underwriters of the offering a 30-day option to purchase up to an additional 1,200,000 shares of common stock.

The Company intends to use the net proceeds from the offering to fund acquisitions, to repay indebtedness outstanding under its $500 million unsecured credit facility (which was incurred to fund acquisitions and for working capital purposes), for working capital and other general corporate purposes, or a combination of the foregoing.

BofA Securities and Wells Fargo Securities will serve as the joint book-running managers for the offering.

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. As of September 30, 2019, the Company's portfolio consisted of 430 buildings in 37 states totaling approximately 86 million rentable square feet.