BOSTON— STAG Industrial, Inc. (NYSE: STAG) announced that it has joined forces with other major industrial real estate investment trusts (REITs) to standardize key property metrics.
The initiative, which includes STAG Industrial, EastGroup Properties, Inc., First Industrial Realty Trust, Inc., and Prologis, Inc. — collectively known as the “Industrial REIT Group” — aims to enhance comparability across the industrial real estate sector.
The updated methodology builds upon a previous harmonization effort from 2018, refining the approach to key non-GAAP property metrics, such as property stabilization, occupancy rates, rent changes, and customer retention. One key component of this initiative is the continued inclusion of only stabilized properties in the annual same-store portfolio. The same-store criteria will exclude value-add and redevelopment properties, which helps provide more accurate comparisons across periods.
The Industrial REIT Group has committed to aligning their non-GAAP metrics with this standardized methodology when disclosing performance data. These changes will be incorporated into STAG Industrial’s 2025 financial guidance but are not expected to have a significant impact on prior years’ non-GAAP metrics.
While the various REITs may still have slight differences in calculation methods or terminology, the overarching goal of this collaboration is to improve consistency and transparency across the sector.
STAG Industrial, based in Boston, focuses on the acquisition, ownership, and operation of industrial properties across the United States. As of December 31, 2024, the company’s portfolio includes 591 buildings spread across 41 states, totaling approximately 116.6 million rentable square feet.
