Stag Industrial (NYSE: STAG) is a relatively young industrial real estate investment trust (REIT). It built its portfolio by focusing on second-tier markets where it has an advantage over the mostly smaller landlords that make up its competition.

Looking out longer-term, the management for this REIT thinks that e-commerce will be a key driver of the company's (and the stock's) success.

Focusing on secondary markets has worked out fairly well for Stag Industrial. As a publicly traded REIT, it has both scale and access to capital that non-public, smaller operators lack. As such, it was able to buy properties profitably where competitors with higher costs couldn't. This helped Stag grow from a $290 million market cap company with 96 properties in 2011 to a roughly $6.8 billion market cap company with over 560 properties today, a little more than a decade later.

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Source Fool.com