Core Insights - The article discusses the perspective of a small business owner in Connecticut who supplies equipment and supplies to the restaurant and food service industry, emphasizing the importance of reallocating profits for passive retirement income [1] Group 1: Business Background - The company operates in the restaurant and food service supply sector, indicating a focus on providing essential equipment and supplies [1] - The owner has a background in finance, having earned a CFA charter and CIPM certificate, which adds credibility to their investment insights [1] Group 2: Investment Strategy - The long-term goal of the company is to create a portfolio that generates passive income for retirement, highlighting a strategic approach to financial planning [1] - The owner is sector agnostic, willing to write about any company as long as the business model is understood, suggesting a flexible investment strategy [1]

Core Insights - The article discusses the perspective of a small business owner in Connecticut who supplies equipment and supplies to the restaurant and food service industry, emphasizing the importance of reallocating profits for passive retirement income [1] Group 1: Business Background - The company operates in the restaurant and food service supply sector, indicating a focus on providing essential equipment and supplies [1] - The owner has a background in finance, having earned a CFA charter and CIPM certificate, which adds credibility to their investment insights [1] Group 2: Investment Philosophy - The owner aims to build a portfolio that generates passive income for retirement, highlighting a long-term investment strategy [1] - The investment approach is sector agnostic, meaning the owner is open to analyzing any company as long as the business model is understandable [1] - Articles written by the owner often stem from personal investment considerations, suggesting a hands-on approach to investment research [1]

Core Insights - STAG Industrial Inc. is a real estate investment trust focused on acquiring, developing, owning, and operating single-tenant industrial properties across the U.S. [1] Financial Performance - The company is set to report its Q3 2025 earnings on October 29, with Wall Street analysts expecting an EPS of $0.41, a decrease from $0.60 in the prior-year period. Quarterly revenue is anticipated to reach $209.88 million, an increase from $190.29 million a year earlier [2] - For Q2 2025, STAG Industrial reported FFO of $0.63, slightly above the consensus estimate of $0.62, and revenues of $207.44 million, compared to the consensus of $206.67 million [6] Historical Investment Performance - If an investor had purchased STAG Industrial stock 10 years ago at approximately $19.17 per share, a $10,000 investment would have grown to $18,910 based on stock price appreciation alone, with dividends adding an additional $8,049, resulting in a total investment value of $26,959 and a total return of 169.59% [3][4][5] - The total return of STAG Industrial over the past 10 years is significantly lower than the S&P 500's total return of 301.17% for the same period [5] Dividend Information - STAG Industrial's current dividend yield is 4.09%, and over the last 10 years, it has paid approximately $15.43 in dividends per share [4] Analyst Ratings and Future Outlook - The company has a consensus rating of "Outperform" with a price target of $38.58, indicating nearly 7% potential upside from the current stock price [6] - The CEO stated that the company has executed its operating plan effectively in the first half of 2025, positioning it well for the remainder of the year [7]

Core Points - STAG Industrial, Inc. will release its third quarter 2025 operating and financial results on October 29, 2025, after market close [1] - A quarterly earnings conference call is scheduled for October 30, 2025, at 10:00 a.m. Eastern Time [1] - The company is a real estate investment trust focused on industrial properties, with a portfolio of 600 buildings across 41 states, totaling approximately 118.3 million rentable square feet as of June 30, 2025 [3]

Core Viewpoint - The article highlights four monthly dividend stocks that yield over 4% and have strong foundations for generating reliable passive income. Group 1: Agree Realty - Agree Realty is a REIT focused on single-tenant retail properties with stable rental income due to net leases [3][4] - The portfolio consists of high-quality tenants, with 67.8% having investment-grade credit ratings, in durable retail sectors [4] - The current dividend yield is 4.3%, with less than 75% of funds from operations (FFO) paid out as dividends, allowing for cash retention for further investments [5] - The company has a strong investment-grade balance sheet and plans to invest $1.4 billion to $1.6 billion this year, which is expected to grow FFO and dividends [6] Group 2: EPR Properties - EPR Properties is a REIT that invests in experiential real estate, such as movie theaters and attractions, generating stable rental income [7] - The company has a conservative payout ratio and balance sheet, allowing for annual investments of $200 million to $300 million [8] - Management identifies an investment opportunity exceeding $100 billion in experiential real estate and has committed $109 million for development projects over the next 18 months [9] Group 3: Main Street Capital - Main Street Capital is a business development company (BDC) providing debt and equity capital to lower-middle-market companies [10] - The company pays a monthly dividend yielding 4.9%, which increases to 6.9% with supplemental quarterly dividends [12] - Main Street Capital aims to steadily increase its monthly dividend and has raised it by 4.1% over the past year [12] Group 4: Stag Industrial - Stag Industrial is a REIT that owns industrial real estate, leasing properties under long-term agreements with rental escalation clauses [13] - The company pays out about 70% of its available free cash flow in dividends, retaining over $100 million annually for new investments [14] - Stag Industrial plans to acquire between $350 million and $650 million in properties this year and has consistently increased its dividend since its IPO in 2011 [15] Group 5: Summary of Monthly Dividend Stocks - Agree Realty, EPR Properties, Main Street Capital, and Stag Industrial all offer monthly dividends with yields above 4%, supported by stable cash flows and strong financial profiles [16] - All four companies expect to continue increasing their monthly dividends, enhancing their attractiveness for passive income investors [16]

Core Viewpoint - STAG Industrial, Inc. is recognized as one of the 10 safest monthly dividend stocks, making it an attractive option for income-focused investors [1]. Company Overview - STAG Industrial, Inc. owns and manages a nationwide portfolio of warehouses and light industrial properties, leasing them to a diverse range of tenants [2]. Expansion Strategy - The company's expansion strategy focuses on selectively acquiring individual properties in key logistics and industrial hubs, which helps manage risk while adding value [3]. Performance Metrics - STAG Industrial measures its performance by maintaining high occupancy rates, ensuring a diverse tenant base, and consistently increasing rental income [3]. Dividend Information - The company offers a monthly dividend of $0.1242 per share, with a dividend yield of 4.23% as of September 23, and has maintained its dividend payouts since 2011 [4].

Core Insights - STAG Industrial, Inc. is a popular industrial REIT among retail investors due to its monthly dividend payments, which attract many individuals [1] - The company has a modest dividend growth record, indicating a stable but slow increase in dividend payouts [1] Company Overview - STAG Industrial focuses on providing steady income through its dividend payments, which are a key component of its appeal to investors [1] - The company operates in the industrial real estate sector, which has been a focus for many investors seeking reliable income streams [1] Investment Strategy - The article emphasizes the importance of dividend investing as a straightforward path to achieving financial freedom, highlighting its accessibility for individual investors [1] - The author shares insights from their extensive experience in M&A and business valuation, which informs their investment approach [1]

Group 1 - STAG Industrial, Inc. announced the promotion of Steven T. Kimball to Chief Operating Officer effective August 1, 2025 [1] - Kimball has been with the company since early 2023 and has played a key role in building a scalable operating platform and enhancing tenant experience [2] - Prior to his promotion, Kimball served as Executive Vice President—Real Estate Operations and has extensive experience in industrial real estate [2][3] Group 2 - As of June 30, 2025, STAG Industrial's portfolio includes 600 buildings across 41 states, totaling approximately 118.3 million rentable square feet [4]

Company Overview - STAG Industrial (NYSE: STAG) is a Real Estate Investment Trust (REIT) that focuses on owning and operating industrial properties across the United States [1] Stock Performance - The stock has experienced a decline over the past year due to the prevailing market environment [1] Analyst Background - The analyst has over 10 years of experience researching companies, having analyzed more than 1000 companies across various sectors including commodities and technology [1]

Financial Data and Key Metrics Changes - Core FFO per share was $0.53 for the quarter, an increase of 3.3% compared to last year [13] - Leverage remains low with net debt to annualized run rate adjusted EBITDA equal to 5.1 times [13] - Liquidity stood at $961 million at quarter end [13] Business Line Data and Key Metrics Changes - The company leased 90.8% of the operating portfolio square feet expected to lease in 2025, achieving cash leasing spreads of 24.5% [7][14] - Same store cash NOI growth was 3% for the quarter and 3.2% year to date, driven by leasing spreads of 26.1% and annual escalators of 2.9% [15] - Retention for the quarter was 75.3% [14] Market Data and Key Metrics Changes - The Midwest markets, including Minneapolis, Milwaukee, Louisville, Detroit, and Cleveland, are performing well, while bulk distribution markets like Indianapolis, Columbus, and Memphis are lagging [22] - The transaction market is showing signs of improvement, with an uptick in underwritten deals [8][9] Company Strategy and Development Direction - The company is focusing on its development initiative, with approximately 3 million square feet of development activity across 12 buildings in the US, 42% of which is under construction [10][11] - The company aims to maintain flexibility in building designs to accommodate both multi-tenant and single-tenant leases [75][76] Management's Comments on Operating Environment and Future Outlook - Management noted a shift in the market from uncertainty to a more stable environment, with businesses continuing to grow despite challenges [7] - The company expects cash leasing spreads to be between 23-25% for the year [14] - Management expressed optimism about the acquisition market, indicating a narrowing bid-ask spread and increased activity [38][56] Other Important Information - Moody's upgraded the company's corporate credit rating to BAA2 with a stable outlook [15] - The company funded $550 million of fixed-rate senior unsecured notes with a weighted average fixed interest rate of 5.65% [16] Q&A Session Summary Question: What markets are seeing better early signs of recovery? - Management highlighted strong performance in the Midwest markets and Nashville, while noting weaker performance in bulk distribution markets [21][22] Question: How is the transaction market evolving? - Management indicated that the transaction market is becoming more active, with a focus on user sales and attractive cap rates [25][26] Question: What is the status of the leasing and demand in the portfolio? - Management noted that leasing times have increased to an average of nine to twelve months, with some larger buildings experiencing higher vacancy rates [29][30] Question: How is the acquisition pipeline structured? - The acquisition pipeline consists of over 60% one-off assets, with a cautious optimism for an active second half of the year [37][38] Question: What are the implications of the recent credit upgrade? - The credit upgrade may provide modest benefits in the private placement market and positions the company for potential public bond issuance [40][41] Question: How is the development pipeline performing? - The development pipeline is segmented into in-service, complete but not in service, and under construction, with varying leasing activity across these categories [49][50] Question: What are the fundamentals in Nashville? - Nashville is characterized by balanced demand in manufacturing and distribution, with regulated supply contributing to a healthy market [77][79]