B
oston-based STAG Industrial, Inc. (NYSE: STAG) has spearheaded a groundbreaking initiative with fellow industrial real estate investment trusts (REITs), EastGroup Properties, First Industrial Realty Trust, and Prologis, to standardize key property metrics across the sector.

    Dubbed the "Industrial REIT Group," this collective effort aims to bridge the gap in comparability among industrial real estate players. Building on their 2018 harmonization efforts, the group has refined its approach to non-GAAP property metrics such as stabilization rates, occupancy levels, rent fluctuations, and customer retention.

    A key aspect of this initiative is the continued focus on stabilized properties within the annual same-store portfolio, excluding value-add and redevelopment properties that can skew comparisons. By doing so, the Industrial REIT Group seeks to provide a more accurate picture of performance across periods.

    The group has pledged to adopt this standardized methodology when disclosing performance data, with STAG Industrial incorporating these changes into its 2025 financial guidance. While minor discrepancies in calculation methods or terminology may persist among individual REITs, the overarching goal remains to enhance consistency and transparency within the sector.

    As a leading industrial property owner and operator, STAG Industrial's portfolio spans 591 buildings across 41 states, totaling approximately 116.6 million rentable square feet as of December 31, 2024.