earnings
confidence high
sentiment positive
materiality 0.80
STAG Industrial Q3 Core FFO per share $0.53 (+15.2% YoY); net income $0.30 per share
STAG Industrial, Inc.
- Net income attributable to common stockholders $48.4M vs $22.4M YoY; EPS $0.30 vs $0.15.
- Core FFO $88.1M (+24.6%); Core FFO per diluted share $0.53 vs $0.46.
- Cash NOI $111.1M (+16.8%); Same Store Cash NOI $89.2M (+2.9%).
- Acquired 24 buildings for $427.2M at 5.3% cash cap rate; raised $127.5M via ATM equity.
- Post-quarter: closed $750M revolver, refinanced $150M term loan, and sold MA building for $78M.