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STAG Industrial details $107M of Q4'17 property acquisitions

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STAG Industrial details $107M of Q4'17 property acquisitions

STAG Industrial Inc. detailed its 2017 fourth-quarter property transactions and share sales under its at-the-market offering program.

During the quarter, the industrial real estate investment trust bought 11 buildings encompassing 1,914,210 square feet for approximately $107.4 million.

In the same period, the company sold two buildings encompassing 880,558 square feet for about $22.1 million.

Subsequent to the end of the 2017 fourth quarter, STAG Industrial sold one 491,025-square-foot building for $31.9 million.

In the 2017 fourth quarter, the company issued 3,096,379 shares under its ATM offering program at $28.39 apiece for net proceeds of roughly $86.8 million.