STAG Industrial, Inc. that its Board of Directors appointed Matts S. Pinard to the role of Executive Vice President, Chief Financial Officer. Mr. Crooker, the Company's Chief Financial Officer until Mr. Pinard's appointment, will continue in his role as President until assuming additional duties in July pursuant to the succession plan. Mr. Pinard has served as the Company's Senior Vice President Capital Markets and Investor Relations since 2019.
Previously, Mr. Pinard served as the Company's Vice President Capital Markets and Investor Relations from 2015 until 2019. Mr. Pinard has been employed at the Company since 2013 and before joining STAG held positions in capital markets and portfolio management.
STAG Industrial, Inc. is a real estate investment trust (REIT), which is focused on the acquisition, ownership and operation of industrial properties throughout the United States. The Companyâs is designed to identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of its risk assessment model. Its primary business objectives are to own and operate a balanced and diversified portfolio of binary risk investments that maximize cash flows available for distribution to its stockholders, and to enhance stockholder value over time by achieving sustainable long-term growth in distributable cash flow from operations per share. The Company owns approximately 569 buildings in 41 states with 112.3 million rentable square feet, consisting of approximately 493 warehouse/distribution buildings, 70 light manufacturing buildings, one flex/office building, and five value add portfolio buildings.