STAG Industrial Q2 net income $0.20/share; Core FFO $0.52 (+10.6% YoY); raises 2021 outlook

STAG Industrial, Inc.

Net income $32.6M ($0.20 diluted) vs $17.6M ($0.12) in Q2 2020.
Core FFO per diluted share $0.52, up 10.6% YoY; generated $86.3M vs $71.8M.
Cash NOI $108.8M (+12.6% YoY); Same Store Cash NOI $90.9M (+4.4%).
Acquired nine buildings for $126.7M at 5.7% cash cap rate; portfolio occupancy 96.8%.
Post-quarter end: $325M fixed-rate senior unsecured notes issued on July 8, 2021.

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