BOSTON, Jan. 16,
2024 /PRNewswire/ -- STAG Industrial, Inc. (the
"Company") (NYSE:STAG) today announced the tax treatment of its
2023 dividends to holders of its common stock.
The tax treatment for the common stock dividend is detailed in
the investor relations section on the Company's website and is
summarized below. Shareholders are encouraged to consult with their
personal tax advisors as to their specific tax treatment.
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TAX TREATMENT OF
2023 COMMON DISTRIBUTIONS
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CUSIP # 8524J
102
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Ticker Symbol:
STAG
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Record
Date
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Payable
Date
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Total
Distribution
Per Share
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2023 Ordinary
Taxable Dividends
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2023 Capital
Gain
Distribution (3)(4)
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2023
Unrecaptured
Section 1250 Gain (1)
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2023 Return of
Capital Per Share
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Section 199A
Dividends (2)
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12/30/22
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01/17/23
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$0.121667
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$0.101881
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$0.019786
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$0.007360
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$0.000000
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$0.101881
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01/31/23
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02/15/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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02/28/23
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03/15/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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03/31/23
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04/17/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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04/28/23
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05/15/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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05/31/23
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06/15/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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06/30/23
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07/17/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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07/31/23
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08/15/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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08/31/23
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09/15/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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09/29/23
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10/16/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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10/31/23
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11/15/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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11/30/23
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12/15/23
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$0.122500
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$0.102579
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$0.019921
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$0.007410
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$0.000000
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$0.102579
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12/29/23
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01/16/24
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$0.015845
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$0.013268
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$0.002577
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$0.000959
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$0.000000
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$0.013268
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Total
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$1.485012
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$1.243518
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$0.241494
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$0.089829
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$0.000000
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$1.243518
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(1) The amount reported
as Unrecaptured Section 1250 Gain is a subset of, and is included
in, the Capital Gain Distribution.
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(2) The amount reported
as Ordinary Taxable Dividends is treated as a qualified REIT
dividend for purposes of Section 199A.
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(3) The Section 897
Capital Gain amount is equal to 100% of the total Capital Gain
Distribution to shareholders for tax year ended December 31,
2023.
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(4) Pursuant to
Treasury Regulation §1.1061-6(c), STAG Industrial, Inc. is
disclosing additional information related to the Capital Gain
Distributions reported
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on Form 1099-DIV, for
purposes of Section 1061. Section 1061 is generally applicable to
direct and indirect holders of "applicable partnership interests."
The
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One Year Amounts and
"Three Year Amounts" required to be disclosed are both zero with
respect to the 2023 distributions, since all capital gain
dividends
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relate to Section 1231
gains.
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The Company did not incur any foreign taxes in 2023. The
December 2023 monthly common stock
dividend that was declared on October 11,
2023, and paid on January 16,
2024, of $0.122500 per share
will be considered a dividend partially attributable to 2023 and
2024 for U.S. federal income tax purposes.
About STAG Industrial, Inc.
STAG Industrial, Inc. is a real estate investment trust focused
on the acquisition, ownership and operation of industrial
properties throughout the United
States. As of September 30,
2023, the Company's portfolio consists of 568 buildings in
41 states with approximately 112.0 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 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, 2022 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.