Organization and Description of Business

3 Months Ended

Mar. 31, 2013

Organization and Description of Business

Organization and Description of Business

1. Organization and Description of Business

STAG Industrial, Inc. (the “Company”) is a fully-integrated, self-administered and self-managed real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. The Company was formed as a Maryland corporation on July 21, 2010 and has elected to be treated as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is structured as an umbrella partnership REIT, commonly called an UPREIT, and owns substantially all of its assets and conducts substantially all of its business through its operating partnership, STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”).  As of March 31, 2013 and December 31, 2012, the Company owned an 86.94% and 85.29% limited partnership interest in the Operating Partnership, respectively.  As used herein, the “Company” refers to STAG Industrial, Inc. and its consolidated subsidiaries and partnerships except where context otherwise requires.

As of March 31, 2013, the Company owned 179 properties in 33 states with approximately 31.2 million square feet, consisting of 119 warehouse/distribution properties, 39 manufacturing properties and 21 flex/office properties. The Company’s properties were 95.4% leased to 161 tenants as of March 31, 2013.