earnings
confidence high
sentiment positive
materiality 0.70
STAG Industrial Q3 2022 Core FFO $0.57 (+7.5% YoY); net income $63.3M
STAG Industrial, Inc.
- Reported net income $63.3M ($0.35 diluted EPS) vs $48.4M ($0.30) in Q3 2021.
- Core FFO per diluted share $0.57 (+7.5% YoY); Cash NOI $131.8M (+18.6%).
- Same Store Cash NOI $106.2M (+5.6%); occupancy 98.2% on total portfolio.
- Acquired 8 buildings for $127.3M at 5.4% cash cap rate; sold 4 for $93.7M.
- Refinanced term loans with $375M; upsized revolving credit facility to $1B.