v3.25.4
Schedule 3 - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SEC Schedule III - Real Estate and Accumulated Depreciation Disclosure
STAG Industrial, Inc.
Schedule III—Real Estate and Accumulated Depreciation
December 31, 2025
(in thousands)
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Alabama
Birmingham103 Shades Creek Circle$— $6,748 $1,307 $374 $7,122 $1,307 $8,429 $(1,170)2020
Birmingham2991 Shannon Oxmoor Road— 5,828 1,341 39 5,867 1,341 7,208 (922)2020
Birmingham101 39th Street North — 6,239 590 42 6,281 590 6,871 (711)2022
Birmingham101 Shades Creek Circle— 3,927 836 792 4,719 836 5,555 (762)2020
Montgomery4300 Alatex Road— 7,057 418 3,556 10,613 418 11,031 (2,919)2016
Moody2415 Highway 78 East— 31,467 2,293 262 31,729 2,293 34,022 (4,861)2021
Phenix City16 Downing Drive— 1,364 276 338 1,702 276 1,978 (651)2012
Arizona
Avondale925 N. 127th Avenue— 12,340 1,674 28 12,368 1,674 14,042 (2,599)2017
Chandler464 E. Chilton Drive— 9,728 2,847 671 10,399 2,847 13,246 (1,713)2020
Gilbert335 South Hamilton Court— 5,784 2,107 251 6,035 2,107 8,142 (913)2021
Mesa7447 E. Ray Road— 7,930 1,277 311 8,241 1,277 9,518 (1,459)2020
Phoenix 4455 West Magnolia Street— 11,060 1,962 — 11,060 1,962 13,022 (383)2024
Tucson6161 South Palo Verde Road— 7,304 996 157 7,461 996 8,457 (1,334)2018
Arkansas
Bryant3700 Bryant Crossing Drive— 17,386 1,143 — 17,386 1,143 18,529 (2,610)2021
Rogers1101 Easy Street— 7,878 1,072 1,754 9,632 1,072 10,704 (3,447)2011
California
Fresno3701 S. Minnewawa Avenue— 38,954 3,505 — 38,954 3,505 42,459 (316)2025
Fresno2624 E. Edgar Avenue— 23,590 3,049 — 23,590 3,049 26,639 (2,743)2022
Hollister2401 Bert Drive— 26,049 2,913 621 26,670 2,913 29,583 (2,713)2022
Lodi1170 South Guild Avenue— 34,550 4,975 — 34,550 4,975 39,525 (5,370)2020
McClellan4841 Urbani Avenue— 14,218 1,048 — 14,218 1,048 15,266 (2,225)2020
Menifee33360 Zeiders Road— 15,995 2,248 8 16,003 2,248 18,251 (1,104)2023
Menifee33380 Zeiders Road— 13,493 2,227 329 13,822 2,227 16,049 (942)2023
Morgan Hill18695 Madrone Parkway— 7,608 2,562 — 7,608 2,562 10,170 (952)2021
Morgan Hill18255 Sutter Boulevard— 19,849 3,943 5 19,854 3,943 23,797 (2,597)2021
Rancho Cordova2587 Mercantile Drive— 4,280 678 70 4,350 678 5,028 (595)2020
Rancho Cordova2431 Mercantile Drive— 4,583 498 409 4,992 498 5,490 (784)2020
Roseville8825 Washington Boulevard— 11,398 2,140 — 11,398 2,140 13,538 (1,718)2021
Sacramento1635 Main Avenue— 8,407 845 259 8,666 845 9,511 (1,201)2020
Sacramento5440 Stationers Way— 21,258 2,203 225 21,483 2,203 23,686 (3,534)2021
Sacramento5601 Warehouse Way— 8,137 1,347 835 8,972 1,347 10,319 (1,236)2021
Sacramento8500 Carbide Court— 5,218 1,614 — 5,218 1,614 6,832 (690)2021
Sacramento8440 Florin Road— 12,184 3,921 — 12,184 3,921 16,105 (1,949)2021
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Sacramento900 National Drive— 7,560 1,479 — 7,560 1,479 9,039 (1,028)2021
Sacramento 5961 Outfall Circle— 11,019 1,914 — 11,019 1,914 12,933 (938)2023
Sacramento7728 Wilbur Way— 8,723 857 151 8,874 857 9,731 (1,327)2019
San Diego2055 Dublin Drive— 14,332 2,290 4,218 18,550 2,290 20,840 (3,456)2017
Stockton4091 Gold River Lane— 4,001 663 475 4,476 663 5,139 (566)2020
Stockton3838 Imperial Way— 12,512 1,806 1,402 13,914 1,806 15,720 (1,999)2021
Stockton3843 Gold River Lane— 4,004 660 — 4,004 660 4,664 (517)2020
West Sacramento 2975 Oates Street — 7,631 1,475 — 7,631 1,475 9,106 (299)2024
West Sacramento3525 Carlin Drive— 24,581 4,350 9,538 34,119 4,350 38,469 (2,557)2021
Colorado
Grand Junction2139 Bond Street— 3,776 314 454 4,230 314 4,544 (1,063)2015
Johnstown4150 Ronald Reagan Boulevard— 14,964 1,133 27 14,991 1,133 16,124 (2,654)2019
Longmont4300 Godding Hollow Parkway— 5,112 734 1,226 6,338 734 7,072 (1,311)2018
Loveland4550 Byrd Drive— 16,591 3,452 2,949 19,540 3,452 22,992 (2,505)2021
Loveland4510 Byrd Drive— 14,134 3,047 3,191 17,325 3,047 20,372 (2,845)2021
Connecticut
East Windsor4 Craftsman Road— 5,335 400 1,080 6,415 400 6,815 (1,440)2016
East Windsor24 Thompson Road— 4,571 348 738 5,309 348 5,657 (1,873)2012
Milford200 Research Drive— 13,853 1,650 1,706 15,559 1,650 17,209 (2,125)2021
Milford40 Pepes Farm Road— 9,433 1,264 1,179 10,612 1,264 11,876 (2,651)2017
North Haven300 Montowese Avenue Extension — 36,753 4,086 5,752 42,505 4,086 46,591 (11,634)2015
Wallingford5 Sterling Drive— 5,733 585 347 6,080 585 6,665 (1,289)2017
Delaware
New Castle400 Lukens Drive— 15,794 2,616 198 15,992 2,616 18,608 (4,065)2016
Florida
Daytona Beach530 Fentress Boulevard— 875 1,237 2,934 3,809 1,237 5,046 (1,996)2007
Fort Myers16341 Domestic Avenue— 22,005 2,729 — 22,005 2,729 24,734 (3,249)2020
Gibsonton6508 Powell Road— — 4,143 18,975 18,975 4,143 23,118 (119)2023
Gibsonton6020 Powell Road— — 5,429 21,098 21,098 5,429 26,527 (307)2023
Jacksonville775 Whittaker Road— 3,137 451 415 3,552 451 4,003 (879)2017
Jacksonville9601 North Main Street— 7,414 650 2,551 9,965 650 10,615 (2,089)2017
Jacksonville550 Gun Club Road— 7,403 674 2,354 9,757 674 10,431 (2,318)2017
Jacksonville555 Zoo Parkway— 6,651 596 2,197 8,848 596 9,444 (1,965)2017
Jacksonville9779 Pritchard Road— 14,319 1,284 1,414 15,733 1,284 17,017 (3,276)2019
Lake Worth2230 4th Avenue North— 2,530 1,533 — 2,530 1,533 4,063 (445)2020
Lake Worth3600 23rd Avenue South— 4,729 1,502 — 4,729 1,502 6,231 (748)2020
Lake Worth2269 4th Avenue North— 4,751 2,254 — 4,751 2,254 7,005 (813)2020
Lakeland4675 Drane Field Road— 13,060 1,099 74 13,134 1,099 14,233 (2,156)2020
Orlando1854 Central Florida Parkway— 4,520 1,339 1,692 6,212 1,339 7,551 (1,735)2013
Orlando7050 Overland Road— 1,996 721 1,535 3,531 721 4,252 (999)2012
Tampa4330 Williams Road— 6,058 829 305 6,363 829 7,192 (1,049)2019
West Palm Beach4268 Westroads Drive— 6,835 2,906 605 7,440 2,906 10,346 (1,246)2020
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Georgia
Atlanta4200 SW Shirley Drive— 8,382 1,679 3,934 12,316 1,679 13,995 (1,451)2022
Augusta1816 Tobacco Road— 5,818 937 90 5,908 937 6,845 (1,195)2018
Buford4823 Roy Carlson Boulevard— 9,195 1,061 938 10,133 1,061 11,194 (1,270)2021
Dallas351 Thomas D. Murphy Drive— 1,634 475 8 1,642 475 2,117 (663)2012
Forest Park5345 Old Dixie Highway— 7,369 1,715 7,481 14,850 1,715 16,565 (1,972)2016
LaGrange614 Pegasus Parkway — 26,546 3,021 — 26,546 3,021 29,567 (1,183)2024
Lithonia1995 Lithonia Industrial Boulevard— 18,052 943 301 18,353 943 19,296 (2,081)2022
Norcross4075 Blue Ridge Industrial Parkway— 2,090 1,589 2,390 4,480 1,589 6,069 (961)2016
Savannah1086 Oracal Parkway— 12,670 439 1,902 14,572 439 15,011 (3,775)2014
Smyrna3500 Highlands Parkway— 2,933 264 1,644 4,577 264 4,841 (1,405)2012
Statham1965 Statham Drive— 5,852 588 2,786 8,638 588 9,226 (2,689)2012
Stone Mountain1635 Stone Ridge Drive— 2,404 612 780 3,184 612 3,796 (835)2017
Idaho
Idaho Falls3900 South American Way— 2,592 356 140 2,732 356 3,088 (878)2013
Illinois
Aurora2520 Diehl Road — 8,304 1,848 — 8,304 1,848 10,152 (310)2024
Bartlett1590 W. Stearns Road— 19,449 2,198 694 20,143 2,198 22,341 (2,770)2021
Batavia1100 North Raddant Road— 7,763 1,124 — 7,763 1,124 8,887 (1,233)2020
Batavia1862 Suncast Lane— 4,427 598 274 4,701 598 5,299 (679)2021
Batavia1100 Paramount Parkway— 3,943 618 677 4,620 618 5,238 (922)2017
Belvidere888 Landmark Drive— 6,772 670 78 6,850 670 7,520 (2,167)2013
Belvidere3905 & 3925 Morreim Drive— 4,203 668 41 4,244 668 4,912 (1,329)2013
Belvidere857 Landmark Drive— 8,025 1,542 1,665 9,690 1,542 11,232 (3,340)2013
Belvidere984 Landmark Drive— — 216 — — 216 216 — 2013
Buffalo Grove2500-2550 Millbrook Drive — 7,971 1,165 — 7,971 1,165 9,136 (234)2025
Buffalo Grove2400 Millbrook Drive— 11,145 2,579 — 11,145 2,579 13,724 (357)2025
Carol Stream 494 Lies Road East— 6,536 959 5 6,541 959 7,500 (231)2024
Cary680 Industrial Drive— 3,235 498 87 3,322 498 3,820 (445)2020
Crystal Lake215 Exchange Drive— 10,698 1,790 — 10,698 1,790 12,488 (1,590)2021
Crystal Lake220 Exchange Drive— 8,419 1,343 153 8,572 1,343 9,915 (1,273)2021
Crystal Lake300 Exchange Drive— 9,724 1,568 14 9,738 1,568 11,306 (1,494)2021
Crystal Lake450 Congress Parkway— 8,789 1,456 133 8,922 1,456 10,378 (1,378)2021
Elgin1360 Madeline Lane— 19,754 1,135 124 19,878 1,135 21,013 (2,398)2021
Elgin1385 Madeline Lane— 15,335 1,057 451 15,786 1,057 16,843 (2,023)2021
Elgin1690 Cambridge Drive— 3,321 270 188 3,509 270 3,779 (436)2021
Elgin 200-220 Corporate Drive— 7,627 1,130 120 — 7,747 1,130 8,877 (428)2024
Elgin 300-330 Corporate Drive— 11,662 1,302 21 11,683 1,302 12,985 (623)2024
Elgin 305-325 Corporate Drive— 30,082 2,954 515 30,597 2,954 33,551 (1,644)2024
Elgin 350-370 River Ridge Drive— 13,418 1,528 119 13,537 1,528 15,065 (698)2024
Elgin 1575-1595 Highpoint Drive— 5,468 945 359 5,827 945 6,772 (337)2024
Elmhurst934 North Church Road— 6,255 874 1,301 7,556 874 8,430 (847)2022
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Gurnee3818 Grandville Avenue & 1200 Northwestern Avenue— 10,639 1,716 1,272 11,911 1,716 13,627 (3,517)2014
Harvard875 West Diggins Street— 2,403 1,157 897 3,300 1,157 4,457 (968)2013
Hodgkins6600 River Road— 30,599 2,570 2 30,601 2,570 33,171 (4,579)2020
Hodgkins6620 River Road— 6,163 3,127 — 6,163 3,127 9,290 (945)2021
Itasca1251 W. Ardmore Avenue— 3,621 1,223 — 3,621 1,223 4,844 (487)2021
Itasca1500 Bryn Mawr Avenue— 3,871 2,073 24 3,895 2,073 5,968 (579)2021
Itasca1800 Bruning Drive— 11,431 2,428 1,264 12,695 2,428 15,123 (3,749)2016
Lisle4925 Indiana Avenue— 7,808 2,302 — 7,808 2,302 10,110 (1,244)2019
Machesney Park7166 Greenlee Drive— 3,336 300 43 3,379 300 3,679 (897)2015
McHenry831/833 Ridgeview Drive— 3,593 576 462 4,055 576 4,631 (775)2018
McHenry921 Ridgeview Drive— 3,791 448 202 3,993 448 4,441 (764)2018
Monee25100 S. Ridgeland Avenue— 56,457 5,391 — 56,457 5,391 61,848 (161)2025
Montgomery2001 Baseline Road— — 173 — — 173 173 — 2018
Montgomery2001 Baseline Road— 12,089 2,190 4,638 16,727 2,190 18,917 (5,617)2012
New Lenox2101-2105 West Haven Avenue— 16,488 1,552 159 16,647 1,552 18,199 (544)2024
New Lenox2200 West Haven Avenue— 10,555 2,450 — 10,555 2,450 13,005 (446)2024
New Lenox2201 West Haven Avenue— 13,753 1,395 1,084 14,837 1,395 16,232 (462)2024
Saint Charles3810-3820 Stern Avenue— 7,028 1,321 606 7,634 1,321 8,955 (1,009)2021
Saint Charles 3850 Ohio Avenue — 5,976 1,160 45 6,021 1,160 7,181 (741)2022
Sauk Village21399 Torrence Avenue— 5,153 877 771 5,924 877 6,801 (1,907)2013
Schaumburg710 East State Parkway— 3,940 689 181 4,121 689 4,810 (618)2020
Vernon Hills888 Forest Edge Drive— 9,383 2,416 938 10,321 2,416 12,737 (1,404)2021
Waukegan3751 Sunset Avenue— 4,775 1,004 149 4,924 1,004 5,928 (1,087)2017
West Chicago1300 Northwest Avenue— 1,982 768 1,077 3,059 768 3,827 (1,297)2016
West Chicago1400 Northwest Avenue— 596 382 330 926 382 1,308 (266)2016
West Chicago1450 Northwest Avenue— 641 450 325 966 450 1,416 (268)2016
West Chicago1145 & 1149 Howard— 746 369 402 1,148 369 1,517 (341)2016
West Chicago1270 Nuclear Drive— 808 216 1,685 2,493 216 2,709 (468)2016
West Chicago537 Discovery Drive— 32,618 5,961 1,237 33,855 5,961 39,816 (2,385)2023
West Chicago1726-1850 Blackhawk Drive— 5,770 915 2,331 8,101 915 9,016 (2,032)2016
West Dundee901-907 Wesemann Drive— 12,616 948 103 12,719 948 13,667 (1,657)2021
Wood Dale321 Forster Avenue— 4,758 1,226 1,023 5,781 1,226 7,007 (1,181)2016
Indiana
Elkhart2701 Marina Drive— 210 25 143 353 25 378 (170)2007
Elkhart3501 E. County Road 6— 3,519 422 1,175 4,694 422 5,116 (2,129)2007
Fort Wayne3424 Centennial Drive— 2,936 112 175 3,111 112 3,223 (845)2014
Goshen2600 College Avenue— 5,998 1,442 2,198 8,196 1,442 9,638 (3,241)2011
Greenwood2441 E. Main Street— 12,745 911 1,004 13,749 911 14,660 (2,114)2021
Indianapolis7701 West New York Street— 3,931 620 578 4,509 620 5,129 (598)2021
Jeffersonville101 Jacobs Way— 35,174 2,891 1,255 36,429 2,891 39,320 (3,993)2022
Jeffersonville250 Hilton Drive— 42,618 2,778 — 42,618 2,778 45,396 (2,839)2024
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Lafayette1520 Kepner Drive— 2,172 295 31 2,203 295 2,498 (735)2012
Lafayette1540-1530 Kepner Drive— 3,325 410 372 3,697 410 4,107 (1,281)2012
Lafayette1521 Kepner Drive— 7,748 906 1,237 8,985 906 9,891 (2,852)2012
Lebanon100 Purity Drive— 20,025 1,654 — 20,025 1,654 21,679 (3,902)2018
Lebanon800 Edwards Drive— 36,091 2,359 — 36,091 2,359 38,450 (6,975)2019
Lebanon121 N. Enterprise Boulevard— 36,461 2,948 13,958 50,419 2,948 53,367 (7,538)2019
Marion2201 E. Loew Road— 2,871 243 818 3,689 243 3,932 (1,480)2012
Portage6515 Ameriplex Drive— 26,449 1,626 746 27,195 1,626 28,821 (4,542)2019
Portage725 George Nelson Drive— 5,379 — — 5,379 — 5,379 (1,858)2012
South Bend3310 William Richardson Court— 4,718 411 2,004 6,722 411 7,133 (2,012)2012
Whitestown 4330 S 500 E— 17,621 1,525 — 17,621 1,525 19,146 (1,289)2023
Yoder2909 Pleasant Center Road— 24,504 941 665 25,169 941 26,110 (5,840)2020
Iowa
Ankeny5910 Southeast Rio Circle— 13,579 846 258 13,837 846 14,683 (2,534)2019
Ankeny6150 Southeast Rio Circle— 19,104 1,421 97 19,201 1,421 20,622 (2,333)2021
Council Bluffs1209 31st Avenue— 4,288 414 — 4,288 414 4,702 (957)2017
Des Moines3915 Delaware Avenue— 9,339 1,685 1,578 10,917 1,685 12,602 (1,553)2021
Des Moines1900 E. 17th Street— 4,191 556 96 4,287 556 4,843 (860)2018
Marion6301 North Gateway Drive— 2,024 691 267 2,291 691 2,982 (759)2013
Kansas
Edwardsville9601 Woodend Road— 12,015 1,360 544 12,559 1,360 13,919 (2,757)2017
Lenexa9700 Lackman Road— 9,168 1,759 183 9,351 1,759 11,110 (1,519)2019
Lenexa14000 Marshall Drive— 6,551 2,368 — 6,551 2,368 8,919 (2,307)2014
Olathe1202 South Lone Elm Road— 16,083 1,193 111 16,194 1,193 17,387 (3,357)2019
Olathe16231 South Lone Elm Road— 18,444 2,431 3,670 22,114 2,431 24,545 (5,726)2016
Wichita2655/2755 South Eastmoor Street— 1,762 88 10 1,772 88 1,860 (593)2012
Wichita2652 South Eastmoor Street— 1,785 107 128 1,913 107 2,020 (686)2012
Wichita2510 South Eastmoor Street— 788 76 147 935 76 1,011 (286)2012
Kentucky
Bardstown300 Spencer Mattingly Lane— 2,295 379 563 2,858 379 3,237 (1,216)2007
Danville1355 Lebanon Road— 11,593 965 4,617 16,210 965 17,175 (6,330)2011
Erlanger1500-1532 Interstate Drive— 3,481 635 424 3,905 635 4,540 (991)2016
Florence9200 Brookfield Court— 7,450 863 88 7,538 863 8,401 (1,336)2019
Florence1100 Burlington Pike— 10,672 3,109 1,369 12,041 3,109 15,150 (3,632)2018
Hebron2151 Southpark Drive— 4,137 370 947 5,084 370 5,454 (1,443)2014
Louisiana
Baton Rouge6565 Exchequer Drive— 5,815 1,619 666 6,481 1,619 8,100 (1,493)2019
Baton Rouge6735 Exchequer Drive— 6,643 2,567 681 7,324 2,567 9,891 (1,769)2019
Baton Rouge12100 Little Cayman Avenue— 14,432 1,962 152 14,584 1,962 16,546 (2,782)2018
Shreveport7540 Bert Kouns Industrial Loop— 5,319 1,804 2,860 8,179 1,804 9,983 (2,076)2015
Maine
Biddeford1 Baker's Way— 8,164 1,369 4,849 13,013 1,369 14,382 (4,506)2016
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Gardiner47 Market Street— 8,025 948 23 8,048 948 8,996 (2,170)2016
Portland125 Industrial Way— 3,648 891 2,918 6,566 891 7,457 (1,587)2012
Maryland
Elkridge6685 Santa Barbara Court— 8,764 2,982 251 9,015 2,982 11,997 (1,805)2019
Hagerstown11835 Newgate Boulevard — 55,177 6,036 — 55,177 6,036 61,213 (7,456)2021
Hagerstown11841 Newgate Boulevard— 55,448 6,174 231 55,679 6,174 61,853 (7,802)2021
Hagerstown105 Enterprise Lane— 11,213 3,472 — 11,213 3,472 14,685 (1,976)2021
Hampstead630 Hanover Pike— 34,116 780 2,892 37,008 780 37,788 (11,330)2013
Hunt Valley11100 Gilroy Road— 4,900 538 75 4,975 538 5,513 (714)2021
White Marsh6210 Days Cove Road— 4,233 963 3,040 7,273 963 8,236 (1,224)2018
Massachusetts
Andover 7 Connector Road— 9,744 2,238 456 10,200 2,238 12,438 (455)2024
Hudson4 Robert Bonazzoli Avenue— 12,628 723 445 13,073 723 13,796 (1,662)2021
Lawrence91 Glenn Street— 14,945 3,287 711 15,656 3,287 18,943 (634)2024
Malden219 Medford Street— 2,817 366 — 2,817 366 3,183 (1,341)2007
Malden243 Medford Street— 3,961 507 — 3,961 507 4,468 (1,884)2007
Middleborough16 Leona Drive— 5,951 2,397 172 6,123 2,397 8,520 (1,015)2019
Norton202 South Washington Street— 6,105 2,839 250 6,355 2,839 9,194 (2,444)2011
South Easton55 Bristol Drive— 5,638 403 2,933 8,571 403 8,974 (1,505)2017
Sterling15 Chocksett Road— 10,797 1,472 — 10,797 1,472 12,269 (1,471)2021
Stoughton100 Campanelli Parkway— 1,677 2,256 1,856 3,533 2,256 5,789 (1,024)2015
Stoughton12 Campanelli Parkway— 909 538 438 1,347 538 1,885 (354)2015
Westborough35 Otis Street— 5,511 661 23 5,534 661 6,195 (1,302)2016
Wilmington 353 Middlesex Avenue — 9,424 1,158 — 9,424 1,158 10,582 (363)2024
Woburn180 New Boston Street — 14,836 2,123 57 14,893 2,123 17,016 (615)2024
Woburn41 Atlantic Avenue — 7,502 2,265 — 7,502 2,265 9,767 (339)2024
Michigan
Belleville8200 Haggerty Road— 5,993 724 616 6,609 724 7,333 (1,372)2017
Canton47440 Michigan Avenue— 22,519 2,378 1,713 24,232 2,378 26,610 (3,627)2020
Chesterfield50501 E. Russell Schmidt— 1,099 207 165 1,264 207 1,471 (537)2007
Chesterfield50371 E. Russell Schmidt— 798 150 477 1,275 150 1,425 (567)2007
Chesterfield50271 E. Russell Schmidt— 802 151 201 1,003 151 1,154 (495)2007
Chesterfield50900 E. Russell Schmidt— 5,006 942 2,742 7,748 942 8,690 (3,689)2007
Grand Rapids5445 International Parkway— 6,764 1,241 395 7,159 1,241 8,400 (1,015)2020
Grand Rapids5079 33rd Street — 4,907 892 459 5,366 892 6,258 (759)2022
Grand Rapids5333 33rd Street— 3,455 1,052 192 3,647 1,052 4,699 (665)2022
Grand Rapids5050 Kendrick Street, SE— 6,725 169 1,747 8,472 169 8,641 (1,846)2015
Holland4757 128th Avenue— 3,222 279 340 3,562 279 3,841 (1,133)2012
Kentwood4660 East Paris Avenue, SE— 7,494 307 102 7,596 307 7,903 (1,222)2019
Kentwood4647 60th Street SE— 16,933 1,256 1,928 18,861 1,256 20,117 (2,662)2021
Kentwood4070 East Paris Avenue— 2,370 407 120 2,490 407 2,897 (799)2013
Lansing7009 West Mount Hope Highway— 7,706 501 7,464 15,170 501 15,671 (5,641)2011
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Lansing2780 Sanders Road— 3,961 580 460 4,421 580 5,001 (1,461)2012
Lansing5640 Pierson Highway— 6,725 429 208 6,933 429 7,362 (2,279)2012
Lansing2051 South Canal Road— 4,868 907 100 4,968 907 5,875 (1,510)2013
Livonia38150 Plymouth Road— 6,168 1,390 1,471 7,639 1,390 9,029 (1,431)2018
Livonia38220 Plymouth Road— 8,485 848 1,016 9,501 848 10,349 (1,783)2018
Marshall1511 George Brown Drive— 953 199 130 1,083 199 1,282 (390)2013
Novi22925 Venture Drive— 3,537 252 486 4,023 252 4,275 (1,310)2012
Novi25250 Regency Drive— 5,638 626 63 5,701 626 6,327 (1,594)2015
Novi43800 Gen Mar Drive— 16,203 1,381 925 17,128 1,381 18,509 (3,251)2018
Plymouth14835 Pilot Drive— 4,338 365 250 4,588 365 4,953 (1,325)2015
Redford12100 Inkster Road— 5,267 728 1,632 6,899 728 7,627 (1,331)2017
Romulus9800 Inkster Road— 14,942 1,254 158 15,100 1,254 16,354 (4,352)2018
Romulus27651 Hildebrandt Road— 13,987 1,080 1,542 15,529 1,080 16,609 (3,176)2017
Sterling Heights42600 Merrill Street— 4,102 1,133 1,414 5,516 1,133 6,649 (2,001)2012
Walker2640 Northridge Drive— 4,593 855 1,110 5,703 855 6,558 (1,915)2011
Warren13301 Stephens Road— 5,497 502 206 5,703 502 6,205 (1,268)2017
Warren27027 Mound Road— 17,018 1,984 69 17,087 1,984 19,071 (2,709)2020
Warren25295 Guenther Road— 19,273 531 1,293 20,566 531 21,097 (2,937)2021
Warren7500 Tank Avenue— 13,076 1,290 1,564 14,640 1,290 15,930 (3,407)2016
Wixom48238 Frank Street— 14,433 293 — 14,433 293 14,726 (1,819)2021
Zeeland750 E. Riley Avenue— 12,100 487 — 12,100 487 12,587 (3,156)2019
Minnesota
Blaine3705 95th Avenue NE— 16,202 2,258 46 16,248 2,258 18,506 (2,939)2019
Bloomington11300 Hampshire Avenue South— 8,096 1,702 589 8,685 1,702 10,387 (1,634)2018
Brooklyn Park6688 93rd Avenue North— 11,349 1,926 17 11,366 1,926 13,292 (2,729)2016
Brooklyn Park 9400 Decatur Drive— 18,133 2,051 — 18,133 2,051 20,184 (715)2024
Carlos4750 County Road 13 NE— 4,183 960 1,438 5,621 960 6,581 (2,010)2011
Eagan3355 Discovery Road— 15,290 2,526 — 15,290 2,526 17,816 (4,031)2019
Inver Grove Height8450 Courthouse Boulevard— 6,964 2,595 — 6,964 2,595 9,559 (1,067)2021
Lakeville21601 Galway Lane — 31,841 5,405 — 31,841 5,405 37,246 (1,567)2024
Maple Grove6250 Sycamore Lane North— 6,251 969 877 7,128 969 8,097 (1,644)2017
Maple Grove8175 Jefferson Highway— 10,397 2,327 774 11,171 2,327 13,498 (2,272)2020
Mendota Heights 1312 Northland Drive— 10,743 1,497 — 10,743 1,497 12,240 (448)2024
Mendota Heights2250 Pilot Knob Road— 3,175 1,494 1,177 4,352 1,494 5,846 (1,251)2018
New Hope5520 North Highway 169— 1,669 1,919 977 2,646 1,919 4,565 (640)2013
Newport710 Hastings Avenue— 8,367 1,765 — 8,367 1,765 10,132 (1,070)2021
Oakdale550-590 Hale Avenue North — 5,971 647 1,004 6,975 647 7,622 (1,121)2019
Oakdale585-595 Hale Avenue— 4,627 1,396 998 5,625 1,396 7,021 (989)2018
Plymouth9800 13th Avenue North— 4,438 1,599 — 4,438 1,599 6,037 (823)2018
Plymouth6050 Nathan Lane— 5,532 1,109 61 5,593 1,109 6,702 (989)2019
Plymouth6075 Trenton Lane North— 6,919 1,569 30 6,949 1,569 8,518 (1,608)2019
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Saint Paul1700 Wynne Avenue— 23,675 2,258 — 23,675 2,258 25,933 (3,233)2021
Savage14399 Huntington Avenue— 3,251 3,194 1,253 4,504 3,194 7,698 (1,503)2014
Shakopee4241 12th Avenue East— 11,946 2,281 — 11,946 2,281 14,227 (425)2025
Shakopee5101/4901 Valley Industrial Boulevard— 11,596 584 13 11,609 584 12,193 (1,574)2022
Shakopee1451 Dean Lakes Trail— 12,038 927 61 12,099 927 13,026 (1,915)2019
South Saint Paul411 Farwell Avenue— 14,335 2,378 169 14,504 2,378 16,882 (2,819)2018
Mississippi
Southaven228 Access Drive— 28,387 1,000 1,073 29,460 1,000 30,460 (4,568)2020
Missouri
Berkeley8901 Springdale Avenue— 9,850 1,423 1,562 11,412 1,423 12,835 (1,473)2021
Earth City1 American Eagle Plaza— 2,492 1,123 807 3,299 1,123 4,422 (666)2016
Fenton2501 & 2509 Cassens Drive— 8,919 791 932 9,851 791 10,642 (1,556)2019
Hazelwood7275 Hazelwood Avenue— 5,030 1,382 2,094 7,124 1,382 8,506 (2,715)2011
Kansas City 4001 North Norfleet Road — 48,342 4,239 — 48,342 4,239 52,581 (6,530)2022
Kansas City 10410 NW Transcon Drive— 16,651 — — 16,651 — 16,651 (615)2024
Kansas City 9900 NW Global Drive— 33,113 — — 33,113 — 33,113 (1,156)2024
Kansas City10500 NW Transcon Drive— 25,994 — — 25,994 — 25,994 (136)2025
Kansas City10451 NW Transcon Drive— 12,687 — — 12,687 — 12,687 (74)2025
O'Fallon6705 Keaton Corporate Parkway— 3,238 1,233 559 3,797 1,233 5,030 (926)2017
O'Fallon3801 Lloyd King Drive— 2,579 1,242 1,696 4,275 1,242 5,517 (1,469)2011
Nebraska
Bellevue10601 S 15th Street— 19,491 1,691 135 19,626 1,691 21,317 (2,464)2021
La Vista11720 Peel Circle— 14,679 1,232 165 14,844 1,232 16,076 (2,012)2021
Omaha10488 S. 136th Street— 13,376 1,602 244 13,620 1,602 15,222 (2,412)2019
Omaha9995 I Street— 3,122 572 641 3,763 572 4,335 (604)2019
Omaha10025 I Street— 2,304 579 133 2,437 579 3,016 (431)2019
Omaha9931 South 136th Street— 2,636 828 390 3,026 828 3,854 (544)2021
Omaha9950 South 134th Street— 3,398 868 39 3,437 868 4,305 (461)2021
Nevada
Fernley190 Resource Drive— 11,401 1,034 225 11,626 1,034 12,660 (1,776)2021
Las Vegas730 Pilot Road— 11,655 2,615 727 12,382 2,615 14,997 (2,307)2018
Las Vegas3450 West Teco Avenue— 3,102 770 80 3,182 770 3,952 (665)2017
Paradise4565 Wynn Road— 4,338 949 — 4,338 949 5,287 (765)2019
Paradise6460 Arville Street— 3,131 1,465 251 3,382 1,465 4,847 (615)2019
Reno9025 Moya Boulevard— 3,043 1,372 832 3,875 1,372 5,247 (973)2014
Sparks325 E. Nugget Avenue— 5,589 938 1,179 6,768 938 7,706 (1,690)2017
Sparks655 Spice Islands Drive — 25,453 2,831 421 25,874 2,831 28,705 (1,699)2023
New Hampshire
Londonderry29 Jack's Bridge Road/Clark Road— 6,249 730 339 6,588 730 7,318 (2,064)2013
New Jersey
Branchburg291 Evans Way— 10,470 2,367 24 10,494 2,367 12,861 (1,599)2019
Burlington8 Campus Drive— — 3,267 16,064 16,064 3,267 19,331 (2,164)2015
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Burlington6 Campus Drive— 18,708 4,030 3,022 21,730 4,030 25,760 (6,068)2015
Franklin Township17 & 20 Veronica Avenue— 7,433 2,272 1,638 9,071 2,272 11,343 (2,154)2017
Lumberton101 Mount Holly Bypass— 5,721 1,121 456 6,177 1,121 7,298 (1,045)2019
Moorestown550 Glen Avenue— 5,627 466 230 5,857 466 6,323 (1,381)2019
Moorestown600 Glen Court— 4,188 510 189 4,377 510 4,887 (750)2019
Moorestown 11 Twosome Drive — 9,490 1,230 201 9,691 1,230 10,921 (412)2024
Mt. Laurel103 Central Avenue— 6,447 616 1,106 7,553 616 8,169 (1,043)2020
Piscataway100 New England Avenue— 16,999 7,566 4,336 21,335 7,566 28,901 (998)2023
Swedesboro2165 Center Square Road— 4,827 1,212 901 5,728 1,212 6,940 (1,289)2017
Westampton800 Highland Drive— 20,734 3,647 8,957 29,691 3,647 33,338 (3,089)2021
New Mexico
Santa Teresa150 Earhardt Way— 8,904 723 161 9,065 723 9,788 (935)2022
New York
Buffalo1236-50 William Street— 2,924 146 — 2,924 146 3,070 (1,106)2012
Cheektowaga40-60 Industrial Parkway— 2,699 216 990 3,689 216 3,905 (1,545)2011
Gloversville125 Belzano Drive— 1,203 117 7 1,210 117 1,327 (400)2012
Gloversville122 Belzano Drive— 2,455 151 238 2,693 151 2,844 (864)2012
Gloversville109 Belzano Drive— 1,384 154 210 1,594 154 1,748 (513)2012
Johnstown123 Union Avenue— 1,555 216 305 1,860 216 2,076 (536)2012
Johnstown231 Enterprise Drive— 828 151 49 877 151 1,028 (275)2012
Johnstown150 Enterprise Avenue— 1,304 140 36 1,340 140 1,480 (434)2012
Rochester2883 Brighton Henrietta Townline Road— 6,607 619 1,172 7,779 619 8,398 (1,084)2020
Rochester1350 Scottsville Road— 6,702 208 109 6,811 208 7,019 (1,216)2020
Ronkonkoma845 South 1st Street(4,099)6,091 1,213 147 6,238 1,213 7,451 (991)2021
North Carolina
Catawba3389 Catawba Industrial Place— 8,166 1,692 — 8,166 1,692 9,858 (1,383)2020
Charlotte1401 Tar Heel Road— 3,770 515 63 3,833 515 4,348 (989)2015
Charlotte2027 Gateway Boulevard— 3,654 913 30 3,684 913 4,597 (920)2018
Charlotte3115 Beam Road— 4,839 369 179 5,018 369 5,387 (911)2020
Charlotte12730 Virkler Drive— 10,650 1,522 60 10,710 1,522 12,232 (508)2024
Durham3450 Hopson Road— 64,860 7,075 — 64,860 7,075 71,935 (164)2025
Durham2702 Weck Drive— 2,411 753 327 2,738 753 3,491 (724)2015
Garner2337 US Highway 70E— 11,790 3,420 — 11,790 3,420 15,210 (2,030)2020
Greensboro719 North Regional Road — 12,396 366 711 13,107 366 13,473 (976)2023
Greensboro415 Westcliff Road— 6,383 691 208 6,591 691 7,282 (1,597)2018
Huntersville13201 Reese Boulevard— 3,030 1,061 976 4,006 1,061 5,067 (1,354)2012
Lexington200 Woodside Drive— 3,863 232 1,308 5,171 232 5,403 (2,002)2011
Mebane7412 Oakwood Street— 4,455 481 887 5,342 481 5,823 (1,886)2012
Mebane7600 Oakwood Street— 3,980 443 314 4,294 443 4,737 (1,456)2012
Mebane7110 E. Washington Street— 4,782 358 2,037 6,819 358 7,177 (1,983)2013
Mocksville171 Enterprise Way— 5,309 1,091 616 5,925 1,091 7,016 (1,082)2019
Mooresville119 Super Sport Drive— 17,029 4,195 923 17,952 4,195 22,147 (3,858)2017
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Mooresville313 Mooresville Boulevard— 6,968 701 1,835 8,803 701 9,504 (2,911)2011
Mountain Home199 N. Egerton Road— 2,265 523 324 2,589 523 3,112 (668)2014
Newton1500 Prodelin Drive— 3,814 732 4,807 8,621 732 9,353 (2,879)2011
Pineville10519 Industrial Drive— 1,179 392 44 1,223 392 1,615 (406)2012
Rural Hall300 Forum Parkway— 5,375 439 695 6,070 439 6,509 (2,248)2011
Salisbury990 Cedar Springs Road — 4,211 1,535 3,008 7,219 1,535 8,754 (1,798)2017
Smithfield3250 Highway 70 Business West— 4,411 613 7,219 11,630 613 12,243 (2,902)2011
Troutman279 & 281 Old Murdock Road— 13,124 802 360 13,484 802 14,286 (3,490)2018
Winston-Salem2655 Annapolis Drive— 9,888 610 3,560 13,448 610 14,058 (2,715)2014
Youngsville200 K-Flex Way— 16,150 1,836 — 16,150 1,836 17,986 (3,855)2018
Ohio
Bedford Heights26801 Fargo Avenue— 4,763 837 1,311 6,074 837 6,911 (1,544)2017
Boardman365 McClurg Road— 3,473 282 1,358 4,831 282 5,113 (2,268)2007
Canal Winchester6200-6250 Winchester Boulevard— 37,431 6,403 2,913 40,344 6,403 46,747 (5,156)2021
Canal Winchester6260-6300 Winchester Boulevard— 19,432 3,708 430 19,862 3,708 23,570 (3,075)2021
Canal Winchester6215-6275 Winchester Boulevard— 16,704 1,690 — 16,704 1,690 18,394 (854)2024
Columbus1605 Westbelt Drive— 4,807 337 1,531 6,338 337 6,675 (1,194)2017
Columbus5330 Crosswinds Drive— 45,112 3,410 1,141 46,253 3,410 49,663 (7,546)2020
Columbus200 McCormick Boulevard— 8,960 988 77 9,037 988 10,025 (1,227)2022
Columbus3900-3990 Business Park Drive— 2,725 489 593 3,318 489 3,807 (946)2014
Dayton2815 South Gettysburg Avenue— 5,616 331 343 5,959 331 6,290 (1,499)2015
Etna8591 Mink Street SW— 73,402 2,939 231 73,633 2,939 76,572 (12,376)2020
Fairborn1340 E Dayton Yellow Springs Road— 4,788 867 635 5,423 867 6,290 (1,411)2015
Fairfield4275 Thunderbird Lane— 2,409 948 1,175 3,584 948 4,532 (981)2016
Fairfield3840 Port Union Road— 5,337 1,086 407 5,744 1,086 6,830 (1,819)2018
Gahanna1120 Morrison Road— 3,806 1,265 4,063 7,869 1,265 9,134 (2,761)2011
Groveport5830 Green Pointe Drive South— 10,346 642 2,017 12,363 642 13,005 (2,372)2017
Hilliard4251 Leap Road— 6,853 550 1,870 8,723 550 9,273 (1,861)2017
Macedonia 8295 Bavaria Drive— 10,219 1,001 174 10,393 1,001 11,394 (1,294)2022
Macedonia1261 Highland Road— 7,541 1,690 637 8,178 1,690 9,868 (2,189)2015
Maple Heights16645 Granite Road— 4,357 922 — 4,357 922 5,279 (705)2021
Mason7258 Innovation Way— 4,307 673 — 4,307 673 4,980 (1,220)2014
North Jackson500 South Bailey Road— 4,001 1,528 2,269 6,270 1,528 7,798 (1,578)2013
North Jackson382 Rosemont Road— 5,777 486 3,174 8,951 486 9,437 (2,868)2011
Oakwood Village26350 Broadway— 2,773 343 473 3,246 343 3,589 (802)2015
Salem800 Pennsylvania Avenue— 6,849 858 2,297 9,146 858 10,004 (4,128)2006
Sharonville12110 Champion Way— 16,975 1,385 — 16,975 1,385 18,360 (51)2025
Streetsboro9777 Mopar Drive— 4,909 2,161 1,157 6,066 2,161 8,227 (2,220)2011
Strongsville14450 Foltz Industrial Parkway— 16,431 1,315 — 16,431 1,315 17,746 (2,230)2021
Strongsville12930 Darice Parkway— 5,583 491 963 6,546 491 7,037 (2,169)2014
Toledo1800 Jason Street— 6,296 213 — 6,296 213 6,509 (2,059)2012
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Twinsburg8601 Independence Parkway— 19,731 3,855 — 19,731 3,855 23,586 (3,225)2020
Twinsburg7990 Bavaria Road— 6,437 590 7,021 13,458 590 14,048 (3,449)2007
Union1925 Union Airpark Boulevard— 43,618 3,987 — 43,618 3,987 47,605 (472)2025
West Chester9696 International Boulevard— 8,182 936 270 8,452 936 9,388 (1,873)2016
West Chester8778-8910 Le Saint Drive— 42,704 1,565 304 43,008 1,565 44,573 (2,564)2024
West Jefferson1550 West Main Street— 70,213 2,015 75 70,288 2,015 72,303 (15,591)2019
Oklahoma
Oklahoma City4949 Southwest 20th Street— 1,820 746 194 2,014 746 2,760 (572)2016
Oklahoma City5101 South Council Road— 8,960 1,614 1,466 10,426 1,614 12,040 (3,252)2015
Tulsa11607 E. 43rd Street North— 8,242 966 — 8,242 966 9,208 (2,976)2015
Tulsa10757 East Ute Street— 7,167 644 125 7,292 644 7,936 (1,437)2020
Oregon
Beaverton5805 SW 107th Avenue— 10,602 2,463 53 10,655 2,463 13,118 (812)2023
Beaverton 5807 SW 107th Avenue— 4,936 1,237 — 4,936 1,237 6,173 (384)2023
North Plains28925 NW Union Road— 1,888 4,778 25,289 27,177 4,778 31,955 (399)2024
Salem4060 Fairview Industrial Drive— 3,039 599 963 4,002 599 4,601 (1,519)2011
Salem4050 Fairview Industrial Drive— 1,372 266 562 1,934 266 2,200 (799)2011
Sherwood20707 SW Wildrose Place— 14,014 1,315 — 14,014 1,315 15,329 (758)2024
Wilsonville9400 SW Barber Street — 10,142 696 411 10,553 696 11,249 (1,040)2022
Pennsylvania
Allentown6670 Grant Way— 9,937 1,237 487 10,424 1,237 11,661 (745)2023
Allentown6690 Grant Way— 11,721 1,535 66 11,787 1,535 13,322 (828)2023
Allentown7132 Daniels Drive— 6,745 1,962 2,130 8,875 1,962 10,837 (2,948)2014
Burgettstown157 Starpointe Boulevard— 23,416 1,248 598 24,014 1,248 25,262 (5,500)2019
Charleroi200 Simko Boulevard— 9,849 935 136 9,985 935 10,920 (1,796)2018
Clinton2300 Sweeney Drive— 18,020 — 25 18,045 — 18,045 (3,873)2017
Clinton2251 Sweeney Drive— 12,007 — — 12,007 — 12,007 (2,361)2018
Clinton2400 Sweeney Drive Extension— 16,188 — 2,920 19,108 — 19,108 (3,314)2018
Clinton1200 Clifford Ball Drive— 10,524 — — 10,524 — 10,524 (1,817)2020
Clinton1111 Clifford Ball Drive— 5,668 — — 5,668 — 5,668 (997)2020
Clinton1300 Clifford Ball Drive— 18,152 — — 18,152 — 18,152 (3,051)2020
Clinton1100 Clifford Ball Drive — 40,282 — 945 41,227 — 41,227 (5,567)2022
Croydon3001 State Road— 4,308 829 5,234 9,542 829 10,371 (592)2018
Elizabethtown11 and 33 Industrial Road— 5,052 1,000 674 5,726 1,000 6,726 (1,629)2014
Export1003 Corporate Lane— 5,180 667 210 5,390 667 6,057 (864)2019
Hazleton69 Green Mountain Road— 43,571 4,995 1,063 44,634 4,995 49,629 (6,710)2021
Imperial200 Solar Drive— 22,025 1,762 — 22,025 1,762 23,787 (4,194)2019
Kulpsville1510 Gehman Road— 10,390 3,171 137 10,527 3,171 13,698 (984)2023
Lancaster2919 Old Tree Drive— 4,042 1,520 1,687 5,729 1,520 7,249 (1,491)2015
Langhorne2151 Cabot Boulevard West— 3,546 1,370 1,863 5,409 1,370 6,779 (899)2016
Langhorne2201 Cabot Boulevard West— 2,677 1,308 427 3,104 1,308 4,412 (796)2016
Langhorne121 Wheeler Court— 6,327 1,884 2,035 8,362 1,884 10,246 (2,348)2016
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Langhorne1 Cabot Boulevard East— 3,751 1,155 83 3,834 1,155 4,989 (641)2020
Lebanon1 Keystone Drive— 3,784 1,380 1,048 4,832 1,380 6,212 (1,003)2017
Mechanicsburg6350 Brackbill Boulevard— 4,787 1,482 2,860 7,647 1,482 9,129 (1,920)2014
Mechanicsburg6360 Brackbill Boulevard— 6,586 1,800 1,058 7,644 1,800 9,444 (2,119)2014
Mechanicsburg245 Salem Church Road— 7,462 1,452 2,771 10,233 1,452 11,685 (2,362)2014
Muhlenberg Township171-173 Tuckerton Road— 13,784 843 3,367 17,151 843 17,994 (5,793)2012
New Galilee1750 Shenango Road— 24,483 1,127 354 24,837 1,127 25,964 (3,978)2019
New Kensington115 Hunt Valley Road— 8,898 177 — 8,898 177 9,075 (1,698)2018
New Kingstown6 Doughten Road— 8,074 2,041 594 8,668 2,041 10,709 (2,465)2014
O'Hara Township100 Papercraft Park— 18,158 1,435 7,440 25,598 1,435 27,033 (9,153)2012
Reading2001 Centre Avenue— 5,020 1,708 1,554 6,574 1,708 8,282 (1,512)2016
Warrendale410-426 Keystone Drive— 11,442 1,853 786 12,228 1,853 14,081 (2,206)2018
York2925 East Market Street— 13,818 2,152 381 14,199 2,152 16,351 (3,030)2017
York57 Grumbacher Road— 14,541 966 28 14,569 966 15,535 (2,893)2018
York420 Emig Road— 7,219 869 47 7,266 869 8,135 (1,238)2019
York915 Woodland View Drive— 5,754 1,139 247 6,001 1,139 7,140 (983)2021
York2800 Concord Road— 21,154 1,478 1,526 22,680 1,478 24,158 (3,171)2021
South Carolina
Columbia128 Crews Drive— 5,171 783 287 5,458 783 6,241 (1,768)2016
Duncan110 Hidden Lakes Circle— 10,981 1,002 3,450 14,431 1,002 15,433 (5,163)2012
Duncan112 Hidden Lakes Circle— 6,739 709 1,586 8,325 709 9,034 (3,208)2012
Duncan175 Spartangreen Boulevard— 12,390 936 89 12,479 936 13,415 (1,710)2021
Fountain Inn107 Southchase Boulevard— 7,946 766 672 8,618 766 9,384 (1,884)2018
Fountain Inn141 Southchase Boulevard— 12,806 1,878 9,084 21,890 1,878 23,768 (3,770)2017
Fountain Inn111 Southchase Boulevard— 4,260 719 95 4,355 719 5,074 (1,423)2016
Gaffney50 Peachview Boulevard— 4,001 1,233 2,505 6,506 1,233 7,739 (1,595)2017
Goose Creek6 Corporate Parkway— 28,353 4,459 — 28,353 4,459 32,812 (4,926)2019
Greer8 Shelter Drive— 4,939 681 3,478 8,417 681 9,098 (2,535)2018
Greer1000 Robinson Road— 25,631 849 — 25,631 849 26,480 (2,864)2021
Greer1817 East Poinsett Street— — 3,674 49,357 49,357 3,674 53,031 (1,079)2022
Greer1809 East Poinsett Street— — 1,885 24,128 24,128 1,885 26,013 (552)2022
Greer129 Metro Court— 1,376 129 450 1,826 129 1,955 (557)2015
Greer149 Metro Court— 1,664 128 724 2,388 128 2,516 (661)2015
Greer153 Metro Court— 430 153 155 585 153 738 (222)2015
Greer154 Metro Court— 2,841 306 1,831 4,672 306 4,978 (1,222)2015
Laurens103 Cherry Blossom Drive— 3,854 151 52 3,906 151 4,057 (991)2015
Piedmont1100 Piedmont Highway— 3,891 231 548 4,439 231 4,670 (1,210)2015
Piedmont1102 Piedmont Highway— 1,984 158 47 2,031 158 2,189 (532)2015
Piedmont1104 Piedmont Highway— 1,894 204 74 1,968 204 2,172 (494)2015
Piedmont513 Old Griffin Road— 9,036 797 2,022 11,058 797 11,855 (2,261)2018
Piedmont1610 Old Grove Road— 16,478 1,971 730 17,208 1,971 19,179 (2,971)2019
Piedmont100 Exchange Logistics Park Drive— 25,151 569 1,001 26,152 569 26,721 (3,088)2022
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Piedmont 119 Matrix Parkway— 13,886 331 362 14,248 331 14,579 (1,652)2022
Rock Hill2751 Commerce Drive, Unit C— 6,146 1,411 1,601 7,747 1,411 9,158 (2,198)2016
Rock Hill1953 Langston Street— 3,982 1,095 984 4,966 1,095 6,061 (1,179)2017
Simpsonville101 Harrison Bridge Road— 2,960 957 3,661 6,621 957 7,578 (2,416)2012
Simpsonville103 Harrison Bridge Road— 3,364 470 1,114 4,478 470 4,948 (1,714)2012
Simpsonville1312 Old Stage Road— 24,200 1,454 3,428 27,628 1,454 29,082 (6,610)2018
Spartanburg5675 North Blackstock Road— 13,452 1,867 6,123 19,575 1,867 21,442 (3,734)2016
Spartanburg5679 North Blackstock Road— — — 344 344 — 344 (4)2016
Spartanburg950 Brisack Road— 3,250 342 2,360 5,610 342 5,952 (1,479)2014
Spartanburg2071 Fryml Drive— 7,288 663 241 7,529 663 8,192 (1,400)2019
Spartanburg2171 Fryml Drive— 4,116 530 143 4,259 530 4,789 (733)2019
Spartanburg2010 Nazareth Church Road— 16,373 895 745 17,118 895 18,013 (3,750)2019
Spartanburg150-160 National Avenue— 5,797 493 2,428 8,225 493 8,718 (2,574)2012
Summerville105 Eastport Lane— 4,710 1,157 534 5,244 1,157 6,401 (1,041)2019
Wellford 462 Casual Drive— 16,147 2,588 1,155 17,302 2,588 19,890 (1,365)2023
Wellford452 Casual Drive — 16,187 2,548 4,623 20,810 2,548 23,358 (608)2023
West Columbia185 McQueen Street— 6,808 715 2,355 9,163 715 9,878 (3,156)2013
West Columbia610 Kelsey Court— 9,152 488 — 9,152 488 9,640 (2,078)2016
West Columbia825 Bistline Drive— 8,640 240 1,050 9,690 240 9,930 (2,114)2017
West Columbia810 Bistline Drive— 10,881 564 — 10,881 564 11,445 (2,331)2019
West Columbia1000 Technology Drive— 23,567 1,422 5 23,572 1,422 24,994 (3,806)2019
West Columbia842 Bistline Drive— 12,723 1,217 1,749 14,472 1,217 15,689 (2,300)2021
West Columbia222 Old Wire Road— 3,878 551 2,301 6,179 551 6,730 (2,100)2016
Tennessee
Chattanooga1800 Crutchfield Street Building A— 2,085 187 127 2,212 187 2,399 (556)2015
Chattanooga1800 Crutchfield Street Building B— 4,251 380 84 4,335 380 4,715 (1,148)2015
Chattanooga1295 Stuart Street— 7,113 424 2,626 9,739 424 10,163 (2,223)2015
Cleveland4405 Michigan Avenue Road NE— 3,161 554 1,175 4,336 554 4,890 (1,402)2011
Clinton1330 Carden Farm Drive— 2,930 403 241 3,171 403 3,574 (948)2015
Jackson1094 Flex Drive— 2,250 230 2,671 4,921 230 5,151 (1,289)2012
Knoxville2525 Quality Drive— 2,842 447 541 3,383 447 3,830 (852)2015
Knoxville2522 and 2526 Westcott Boulevard— 4,730 472 806 5,536 472 6,008 (1,027)2018
Knoxville5700 Casey Drive— 6,847 1,117 996 7,843 1,117 8,960 (1,266)2019
Lebanon535 Maddox-Simpson Parkway— 13,858 468 1,432 15,290 468 15,758 (2,443)2019
Lebanon675 Maddox-Simpson Parkway— 5,891 519 213 6,104 519 6,623 (783)2021
Lebanon575 Maddox-Simpson Parkway— — 549 24,903 24,903 549 25,452 (343)2019
Loudon1700 Elizabeth Lee Parkway— 3,372 170 2,137 5,509 170 5,679 (1,412)2015
Madison538 Myatt Drive— 2,790 1,655 19,879 22,669 1,655 24,324 (3,633)2011
Mascot9575 Commission Drive— 2,827 284 112 2,939 284 3,223 (728)2016
Mascot2122 Holston Bend Drive— 3,120 385 8,294 11,414 385 11,799 (1,604)2013
Memphis7625 Appling Center Drive— 13,463 539 31 13,494 539 14,033 (1,742)2022
Memphis4880 East Tuggle Road— 38,524 2,501 2,176 40,700 2,501 43,201 (6,637)2019
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
Murfreesboro1975 Joe B. Jackson Parkway— 9,617 2,206 469 10,086 2,206 12,292 (1,192)2022
Murfreesboro941 Esther Lane11,289 3,867 — 11,289 3,867 15,156 (30)2025
Murfreesboro540 New Salem Road— 2,358 722 700 3,058 722 3,780 (723)2014
Nashville3258 Ezell Pike— 3,411 547 304 3,715 547 4,262 (1,163)2013
Vonore90 Deer Crossing Road— 7,821 2,355 2,219 10,040 2,355 12,395 (3,038)2011
Texas
Arlington3311 Pinewood Drive— 2,374 413 385 2,759 413 3,172 (1,287)2007
Arlington401 N. Great Southwest Parkway— 5,767 1,246 1,445 7,212 1,246 8,458 (2,597)2012
Cedar Hill1650 U.S. Highway 67— 9,992 4,066 2,395 12,387 4,066 16,453 (3,096)2016
Conroe16548 Donwick Drive— 20,995 1,853 1,631 22,626 1,853 24,479 (4,984)2018
El Paso32 Celerity Wagon— 3,269 — 264 3,533 — 3,533 (776)2017
El Paso48 Walter Jones Boulevard — 9,194 — 1,234 10,428 — 10,428 (1,964)2017
El Paso1601 Northwestern Drive— 8,575 1,248 1,024 9,599 1,248 10,847 (2,823)2014
El Paso6500 N. Desert Boulevard— 7,126 1,124 1,188 8,314 1,124 9,438 (2,211)2014
El Paso1550 Northwestern Drive— 13,388 1,854 2,433 15,821 1,854 17,675 (4,929)2014
El Paso1701 Northwestern Drive— 9,527 1,581 2,694 12,221 1,581 13,802 (3,411)2014
El Paso7801 Northern Pass Road— 5,230 1,136 — 5,230 1,136 6,366 (1,497)2015
El Paso12285 Gateway Boulevard West— 22,548 1,725 — 22,548 1,725 24,273 (2,887)2021
El Paso9571 Pan American Drive— 9,382 1,101 153 9,535 1,101 10,636 (1,029)2022
El Paso9555 Plaza Circle— 4,666 626 146 4,812 626 5,438 (638)2022
El Paso 9494 Escobar Drive— 8,529 701 164 8,693 701 9,394 (910)2022
El Paso47 Butterfield Circle— 2,827 — 2,435 5,262 — 5,262 (1,682)2012
Garland2901 W. Kingsley Road— 4,911 1,344 3,661 8,572 1,344 9,916 (2,457)2014
Grapevine2402 Esters Boulevard— 9,522 — 145 9,667 — 9,667 (1,369)2021
Grapevine2400 Esters Boulevard— 15,029 — 301 15,330 — 15,330 (2,143)2021
Houston18601 Intercontinental Crossing Drive— 8,744 1,505 — 8,744 1,505 10,249 (2,366)2019
Houston9302 Ley Road— 8,683 1,236 310 8,993 1,236 10,229 (1,549)2019
Houston10343 Ella Boulevard— 16,586 1,747 — 16,586 1,747 18,333 (2,855)2019
Houston4949 Windfern Road— 7,610 2,255 578 8,188 2,255 10,443 (3,128)2013
Houston7300 Airport Boulevard— 7,730 2,546 6,834 14,564 2,546 17,110 (2,878)2016
Houston13627 West Hardy— 4,163 1,502 — 4,163 1,502 5,665 (893)2017
Houston868 Pear Street— 4,836 953 — 4,836 953 5,789 (1,038)2017
Houston14620 Henry Road— 6,702 927 112 6,814 927 7,741 (1,476)2017
Houston7049 Brookhollow West Drive— 9,154 809 684 9,838 809 10,647 (1,861)2018
Houston10401 S. Sam Houston Parkway— 9,368 1,108 608 9,976 1,108 11,084 (1,805)2019
Humble7491 Rankin Road36,135 5,807 — 36,135 5,807 41,942 (345)2025
Humble18727 Kenswick Drive— 11,493 2,255 10,104 21,597 2,255 23,852 (4,203)2019
Irving2450 Valley View Lane— 15,312 5,976 1,833 17,145 5,976 23,121 (1,111)2023
Katy1800 North Mason Road— 7,571 2,192 — 7,571 2,192 9,763 (1,863)2019
Katy21601 Park Row Drive— 3,224 1,655 34 3,258 1,655 4,913 (522)2019
Laredo13710 IH 35 Frontage Road— 13,847 2,538 — 13,847 2,538 16,385 (3,218)2019
Laredo13808 Humphrey Road— 9,037 1,535 2,235 11,272 1,535 12,807 (2,343)2017
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
McAllen5601 West Military Highway— 13,341 818 1,612 14,953 818 15,771 (2,208)2020
Mission802 Trinity Street— 11,986 1,882 682 12,668 1,882 14,550 (2,554)2018
Rockwall3400 Discovery Boulevard— 14,561 2,683 1 14,562 2,683 17,245 (3,322)2017
Socorro11320 Gateway Boulevard East— 27,752 4,430 1,165 28,917 4,430 33,347 (1,380)2024
Stafford13720 Stafford Road— 6,353 339 41 6,394 339 6,733 (1,419)2017
Waco101 Apron Road— 1,394 — 1,151 2,545 — 2,545 (1,102)2011
Utah
Salt Lake City3175 West 500 South— 26,292 3,939 1,170 27,462 3,939 31,401 (889)2024
Virginia
Chester2001 Ware Bottom Spring Road— 2,890 775 — 2,890 775 3,665 (819)2014
Fredericksburg2031 International Parkway— 15,235 2,182 — 15,235 2,182 17,417 (1,648)2022
Harrisonburg4500 Early Road— 11,003 1,455 1,918 12,921 1,455 14,376 (4,169)2012
IndependenceOne Compair Way— 1,994 226 688 2,682 226 2,908 (684)2012
Norfolk4555 Progress Road — 7,990 1,259 — 7,990 1,259 9,249 (863)2022
North Chesterfield8001 Greenpine Road— 5,697 1,599 942 6,639 1,599 8,238 (1,080)2019
Richmond5250 Klockner Drive— 3,111 819 1,236 4,347 819 5,166 (681)2020
Washington
Ridgefield6111 S. 6th Way— 9,159 2,307 780 9,939 2,307 12,246 (1,801)2019
Wisconsin
Appleton1919 W. College Avenue— 5,757 261 636 6,393 261 6,654 (906)2021
Caledonia1343 27th Street— 3,113 225 — 3,113 225 3,338 (621)2018
Cudahy5831 S. Pennsylvania Avenue— 4,313 1,427 — 4,313 1,427 5,740 (566)2020
De Pere2191 American Boulevard— 5,671 525 101 5,772 525 6,297 (1,951)2012
DeForest505-507 Stokely Drive— 5,119 1,131 870 5,989 1,131 7,120 (1,447)2016
Delavan329 Hallberg Street— 1,807 127 253 2,060 127 2,187 (300)2019
Delavan1714 Hobbs Drive— 4,419 241 89 4,508 241 4,749 (722)2019
East Troy2761 Buell Drive— 4,826 304 205 5,031 304 5,335 (1,433)2014
Elkhorn390 Koopman Lane— 3,328 210 — 3,328 210 3,538 (573)2019
Franklin5215 W Airways Avenue— 8,193 1,551 — 8,193 1,551 9,744 (1,334)2021
GermantownN117 W18456 Fulton Drive— 5,782 442 — 5,782 442 6,224 (1,060)2018
GermantownN106 W13131 Bradley Way— 3,104 359 346 3,450 359 3,809 (670)2018
GermantownN102 W19400 Willow Creek Way— 10,908 1,175 — 10,908 1,175 12,083 (2,659)2018
Germantown11900 N. River Lane— 5,226 1,186 1,462 6,688 1,186 7,874 (1,462)2014
Hartland500 North Shore Drive— 4,271 1,526 — 4,271 1,526 5,797 (1,031)2016
Hudson2700 Harvey Street— 7,684 683 6 7,690 683 8,373 (1,243)2020
Janesville2929 Venture Drive— 16,377 828 1,197 17,574 828 18,402 (5,461)2013
Kenosha9625 55th Street— 3,643 797 711 4,354 797 5,151 (1,143)2016
Madison4718 Helgesen Drive— 6,009 609 531 6,540 609 7,149 (1,328)2017
Madison4722 Helgesen Drive— 4,316 444 39 4,355 444 4,799 (883)2017
Mayville605 Fourth Street— 4,118 547 623 4,741 547 5,288 (2,407)2007
Mukwonago115 Hill Court — 13,808 1,872 — 13,808 1,872 15,680 (323)2025
Mukwonago103 Hill Court— 10,791 1,478 219 11,010 1,478 12,488 (1,563)2021
Initial Cost to STAG Industrial, Inc.Gross Amounts at Which Carried at December 31, 2025
State & CityAddress
Encumbrances(1)
Building & Improvements(2)
Land(3)
Costs Capitalized Subsequent to Acquisition and Valuation ProvisionBuilding & Improvements LandTotal
Accumulated Depreciation(4)
Year Acquired
MuskegoS64 W15660 Commerce Center Parkway— 5,140 393 154 5,294 393 5,687 (950)2020
New Berlin16250 West Woods Edge Drive— 15,917 277 — 15,917 277 16,194 (2,897)2019
New Berlin16555 W. Smalls Road— 20,176 955 — 20,176 955 21,131 (2,473)2021
New Berlin5600 S. Moorland Road— 6,220 1,068 269 6,489 1,068 7,557 (1,944)2013
Oak Creek525 West Marquette Avenue— 3,982 526 100 4,082 526 4,608 (733)2018
Oak Creek7475 South 6th Street— 5,769 805 464 6,233 805 7,038 (1,332)2018
PewaukeeW288 N2801 Duplainville Road— 5,744 841 1,001 6,745 841 7,586 (1,347)2018
PewaukeeW277 N2837 Duplainville Road— 4,055 439 304 4,359 439 4,798 (754)2018
Pleasant Prairie8901 102nd Street— 4,615 523 713 5,328 523 5,851 (1,028)2018
Sun Prairie1615 Commerce Drive— 5,809 2,360 4,415 10,224 2,360 12,584 (3,597)2011
SussexW251 N5350 Business Drive— 13,026 1,212 15 13,041 1,212 14,253 (775)2024
West Allis2207 S. 114th Street— 1,617 462 2,338 3,955 462 4,417 (1,163)2015
West Allis2075 S. 114th Street— 1,713 444 1,866 3,579 444 4,023 (886)2015
West Allis2145 S. 114th Street— 777 252 1,051 1,828 252 2,080 (566)2015
West Allis2025 S. 114th Street— 890 251 838 1,728 251 1,979 (454)2015
Yorkville13900 West Grandview Parkway— 4,790 416 323 5,113 416 5,529 (1,478)2014
Developments in Process
Lenexa, KS14100 Marshall Drive— — — 618 618 — 618 — 2014
Shepherdsville, KY650 Park Loop Road— 1,281 4,216 24,752 26,033 4,216 30,249 — 2025
Dayton, OH11355 Dog Leg Road— 288 2,656 7,337 7,625 2,656 10,281 — 2025
Concord, NC2745 Piedmont Commerce Street SW— 910 3,553 17,970 18,880 3,553 22,433 — 2024
Concord, NC2735 Piedmont Commerce Street SW— 910 3,553 19,097 20,007 3,553 23,560 — 2024
Reno, NV6980 Resource Drive— — 1,896 9,575 9,575 1,896 11,471 — 2024
Reno, NV14003 Mount Anderson Street— — 8,959 27,052 27,052 8,959 36,011 — 2024
Total(5)(6)
$(4,099)$5,856,867 $811,569 $856,535 $6,713,402 $811,569 $7,524,971 $(1,119,931)
(1)Balance excludes the net unamortized balance of fair market value discount of approximately $0.1 million.
(2)The initial costs of buildings and improvements is the acquisition costs and non-cash transfers of acquired other assets to initial cost of building and improvements, less asset impairment write-downs and disposals of building and tenant improvements.
(3)Represents values at acquisition date less any impairments.
(4)Depreciation expense is computed using the straight-line method based on the following estimated useful lives.
Description Estimated Useful Life
Building40 Years
Building and land improvements (maximum)20 Years
Tenant improvementsShorter of useful life or terms of related lease
(5)As of December 31, 2025, the aggregate cost for federal income tax purposes of investments in real estate was approximately $8.5 billion.
(6)The following table summarizes our real estate and accumulated depreciation per Schedule III for the years ended December 31, 2025, 2024 and 2023.
Year ended December 31,
Real Estate and Accumulated Depreciation (in thousands)202520242023
Real Estate:   
Balance at beginning of period$7,152,780 $6,459,001 $6,123,295 
Additions during period   
Acquisitions399,197 628,052 304,057 
Improvements, etc.207,295 184,586 105,112 
Other additions— — — 
Deductions during period   
Cost of real estate sold(91,190)(109,313)(66,565)
Write-off of fully depreciated assets(142,223)(4,579)(3,930)
Asset impairments and involuntary conversion(888)(4,967)(2,968)
Balance at the end of the period$7,524,971 $7,152,780 $6,459,001 
Accumulated Depreciation:   
Balance at beginning of period$1,085,866 $921,846 $764,809 
Additions during period   
Depreciation and amortization expense199,605 185,711 177,358 
Other additions— — — 
Deductions during period   
Disposals(165,540)(21,691)(20,321)
Balance at the end of the period$1,119,931 $1,085,866 $921,846