STAG Industrial, Inc. (NYSE:STAG) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET
Company Participants
Steve Xiarhos - Investor Relations
Bill Crooker - Chief Executive Officer
Matts Pinard - Chief Financial Officer
Mike Chase - Chief Investment Officer
Steve Kimball - Executive Vice President, Real Estate Operations
Conference Call Participants
Craig Mailman - Citigroup
Eric Borden - BMO Capital Markets
Vince Tibone - Green Street
Samir Khanal - Evercore ISI
Blaine Heck - Wells Fargo
Camille Bonnel - Bank of America
Nick Thillman - Baird
Michael Carroll - RBC Capital Markets
Mike Mueller - JPMorgan
Bill Crow - Raymond James
Operator
Greetings and welcome to the STAG Industrial Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Steve Xiarhos, Associate Investor Relations. Thank you, sir. You may begin.
Steve Xiarhos
Thank you. Welcome to STAG Industrial’s conference call covering the second quarter 2023 results. In addition to the press release distributed yesterday, we have posted an unaudited quarterly supplemental information presentation on the company’s website at www.stagindustrial.com under the Investor Relations section.
On today’s call, the company’s prepared remarks and answers to your questions will contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address matters that are subject to risks and uncertainties that may cause actual results to differ from those discussed today. Examples of forward-looking statements include forecast of core FFO, same-store NOI, G&A, acquisition and disposition volumes, retention rates and other guidance, leasing prospects, rent collections, industry and economic trends and other matters. We encourage all listeners to review the more detailed discussion related to these forward-looking statements contained in the company’s filings with the SEC and the definitions and reconciliations of non-GAAP measures contained in the supplemental information package available on the company’s website. As a reminder forward-looking statements represent management’s estimates as of today. STAG Industrial assumes no obligation to update any forward-looking statements.
On today’s call, you will hear from Bill Crooker, our Chief Executive Officer; and Matts Pinard, our Chief Financial Officer. Also with us here today is Mike Chase, our Chief Investment Officer and Steve Kimball, EVP of Real Estate Operations are available to answer questions specific to the area of focus.
I will now turn the call over to Bill.
Bill Crooker
Thank you, Steve. Good morning, everybody and welcome to the second quarter earnings call for STAG Industrial. We are happy to have you with us today as we discuss our results for the quarter. Our portfolio continues to produce exceptional results as seen by our record leasing spreads this quarter. The industrial sector is benefiting from the secular tailwinds unique to our industry, including the near and onshoring and the continued penetration of e-commerce as a method of consumption.