STAG breakout....now to where?

Given the recent need for industrial space (large industrial spaces) which STAG has a considerable collection of. As long as tenants continue their lease and keep paying we see the same upside potential for product given the rush to LMD and E-Commerce warehousing.

Two things to watch
1. tenant renewals
2. Supply Chain issues

$35 to $36 seems comfortable in the short term though we like the consolidation currently.