STAG Industrial Q1 net income $49.4M ($0.28/sh); Core FFO $0.55, up 3.8% YoY

STAG Industrial, Inc.

Net income $49.4M ($0.28/sh) vs $52.8M ($0.30/sh) YoY; Core FFO $0.55/sh (+3.8%).
Cash NOI $132.6M (+7.8%); Same-Store Cash NOI $122.7M (+5.9%).
Operating portfolio occupancy 98.1%; cash rent change on new leases 25.3%, straight-line 35.3%.
Sold two buildings for $37.2M; paid off $100M fixed-rate senior unsecured note.
Appointed Steven T. Kimball as EVP – Real Estate Operations.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STAG Industrial, Inc. reported first quarter of 2023 results: net income $49.4 million of net income attributable to common stockholders, EPS $0.28 of net income per basic and diluted common share.

Period: first quarter of 2023
Net income: $49.4 million of net income attributable to common stockholders
EPS: $0.28 of net income per basic and diluted common share
Result: reported results

Exact text from the filing

Reported $0.28 of net income per basic and diluted common share for the first quarter of 2023, compared to $0.30 of net income per basic and diluted common share for the first quarter of 2022. Reported $49.4 million of net income attributable to common stockholders for the first quarter of 2023, compared to net income attributable to common stockholders of $52.8 million for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001479094-23-000009

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