STAG Industrial, Inc. (NYSE:STAG) Q3 2022 Earnings Conference Call October 28, 2022 10:00 AM ET
Company Participants
Steve Xiarhos - Associate Capital Markets & IR
William Crooker - CEO, President & Director
Matts Pinard - EVP, CFO, Treasurer & SVP, Capital Markets and IR
Conference Call Participants
Craig Mailman - Citigroup
Blaine Heck - Wells Fargo Securities
David Rodgers - Robert W. Baird & Co.
Michael Mueller - JPMorgan Chase & Co.
Michael Carroll - RBC Capital Markets
Wendy Ma - Evercore ISI
Vince Tibone - Green Street Advisors
James Villard - Ladenburg Thalmann & Co.
Operator
Greetings, and welcome to STAG Industrial's Third Quarter 2022 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, Capital Markets & Investor Relations. Thank you, sir. You may begin.
Steve Xiarhos
Thank you. Welcome to STAG Industrial's conference call covering the third quarter 2022 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 of our 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 here with us today is Steve Mecke, our Chief Operating Officer; and Mike Chase, our Chief Investment Officer, who are available to answer questions specific to their area of focus.
I'll now turn the call over to Bill.
William Crooker
Thank you, Steve. Good morning, everybody, and welcome to the third quarter earnings call for STAG Industrial. We are pleased to have you join us and look forward to telling you about this quarter's results. STAG continues to have an extremely strong year operationally. These results are flowing to our bottom line core FFO and cash available for distribution. Recent headlines have pointed to declining industrial fundamentals. Robust construction pipelines and building deliveries are applying upward pressure to availability rates. Despite these trends, the industrial sector continues to benefit from extremely low vacancy relative to history.