secwatch.observer — SEC 8-K summary
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Issuer:     STAG Industrial, Inc. (STAG)
CIK:        0001479094
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001479094-22-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STAG Industrial Q1 net income $0.30/share; Core FFO $0.53 (+8.2% YoY); CEO succession set for July
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- Net income per share $0.30 vs $0.13 YoY; Core FFO per diluted share $0.53 (+8.2% YoY).
- Cash NOI $122.9M (+18.6%); Same Store Cash NOI $103.6M (+4.8%).
- Acquired 8 buildings for $166.4M at 5.0% cash cap rate; sold one for $36.1M, gain $24.0M.
- Occupancy 96.9%; commenced 3.1M sq ft leases with cash rent change +15.2%.
- CEO Ben Butcher to become Executive Chair July 1; President Bill Crooker to succeed as CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1479094/000147909422000011/0001479094-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1479094/000147909422000011/stag-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001479094-22-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer