Analyst for Mike Carroll's questions to STAG Industrial Inc (STAG) leadership • Q4 2024
Question
An analyst on behalf of Mike Carroll asked about the company's strategy for development starts in 2025, specifically whether STAG plans to lease up projects currently under construction before breaking ground on new ones.
Answer
CEO William Crooker expressed satisfaction with the development platform's performance, highlighting a major recent lease and a new JV project in a strong market. He indicated that the company will continue to add to its development pipeline opportunistically when projects with attractive yields in strong markets become available, rather than waiting for full lease-up of the existing pipeline.