YEAR GLYPH<hyphen.lin> END  ACQUISITIONS  HIGHLIGHTS STAG acquired 43 industrial buildings, consisting of approximately 9.3 million square  feet for $429.1 million, resulting in growth of 31% of its assets on a real estate cost basis  in 2014, before dispositions.  STAG aims to acquire individual, single-  tenant industrial properties that are priced  according to the binary nature of their cash  flows. The acquisition of these properties and  the addition of the binary risk cash flows they  generate to a diversified portfolio is achieved  through the principled application of our proprietary risk assessment model. STAG’s investment strategy creates immediate value through the creation of a diversified portfolio of binary risk investments. Overlay portfolio risk management guidelines to ensure diversification  by tenant, industry, lease term, and geography. OUR INVESTMENT STRATEGY GLYPH<five.lin> INDUSTRIAL REAL ESTATE SINGLE TENANT HIGHER CURRENT RETURNS BINARY RISK PROFILE CREATES PRICING INEFFICIENCIES ALL MARKETS ALL INDUSTRIES ALL TENANTS ALL SIZES LOWER CAPITAL EXPENDITURES