STAG Industrial, Inc. (NYSE:STAG) Q3 2023 Earnings Conference Call October 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
Conference Call Participants
Craig Mailman - Citigroup
Richard Schiller - BMO Capital Markets
Vince Tibone - Green Street
Nick Thillman - Baird
Jason Belcher - Wells Fargo
Samir Khanal - Evercore ISI
Michael Carroll - RBC Capital Markets
Mike Mueller - JPMorgan
Operator
Ladies and gentlemen, good morning and welcome to the STAG Industrial, Inc. Third 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, Investor Relations. Please go ahead.
Steve Xiarhos
Thank you. Welcome to STAG Industrial's conference call covering the third 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 forecasts 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 here with us today is Mike Chase [ph], our Chief Investment Officer; and Steve Kimball, EVP of Real Estate Operations. We're available to answer questions specific to the areas of focus.
I'll now turn the call over to Bill.
Bill Crooker
Thank you, Steve. Good morning, everybody and welcome to the third quarter earnings call for STAG Industrial. We're happy to have you with us today as we discuss our results for the quarter. Industrial leasing activity is tracking to be one of the best years on record. STAG's portfolio is benefiting from secular tailwinds, including nearshoring, onshoring and e-commerce. Market rent growth, however, has generally experienced a degree of normalization given the changing landscape.