Jessica Zhang's questions to STAG Industrial Inc (STAG) leadership • Q3 2024
Question
Jessica Zhang asked for color on the drop in the quarterly retention rate and inquired about any material known move-outs expected in 2025.
Answer
CEO William Crooker explained that the lower retention rate was due to a single lease that was not renewed, but the space was immediately backfilled with zero downtime. He noted that adjusting for this immediate backfill brings the retention rate to approximately 73%. He also confirmed there are no material known move-outs for 2025 at this point.