STAG Industrial Q2 net income $0.29/sh, up from $0.18; record 28% cash rent change

STAG Industrial, Inc.

Net income $51.6M ($0.29/sh) vs $32.3M ($0.18/sh) in Q2 2022; Core FFO $0.56/sh flat.
Cash NOI $134.6M (+4.3% YoY); Same Store Cash NOI +4.5% to $124.2M.
Occupancy 97.7% on total portfolio; 97.9% on Operating Portfolio at June 30.
Record leasing spreads: Cash Rent Change 28.0%, Straight-Line 42.6% on 3.6M sq ft.
Added to S&P MidCap 400 in May; raised $8.9M ATM equity ($61.7M forward).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STAG Industrial, Inc. reported the quarter ended June 30, 2023 results: net income $51.6 million of net income attributable to common stockholders, EPS $0.29 of net income per basic and diluted common share.

Period: the quarter ended June 30, 2023
Net income: $51.6 million of net income attributable to common stockholders
EPS: $0.29 of net income per basic and diluted common share
Result: reported results

Exact text from the filing

STAG Industrial, Inc. (the “Company”) (NYSE:STAG), today announced its financial and operating results for the quarter ended June 30, 2023.

View on SEC.gov

Browse all earnings releases →

STAG Industrial, Inc. filing history →

Source: SEC EDGAR

accession 0001479094-23-000022

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.