earnings
confidence high
sentiment positive
materiality 0.75
STAG Industrial Q2 Core FFO per share $0.56 (+7.7% YoY); acquires $165.4M in assets
STAG Industrial, Inc.
- Net income attributable to common stockholders $32.3M ($0.18 per share) vs $32.6M a year ago.
- Core FFO grew 18.0% to $101.8M; Core FFO per diluted share $0.56, up from $0.52.
- Cash NOI $129.0M (+18.6% YoY); Same Store Cash NOI increased 4.0%.
- Acquired nine buildings for $165.4M at a 5.2% cash cap rate; occupancy 98.1%.
- Post-quarter, refinanced $325M term loans with $375M new term loans and upsized revolver to $1B.