STAG Industrial Q3 Core FFO $0.59 per share, up 3.5% YoY; Cash NOI $140.7M up 6.7%

STAG Industrial, Inc.

Net income $50.0M ($0.28/diluted share) vs $63.3M ($0.35) YoY; Core FFO $0.59/diluted share, up 3.5%.
Cash NOI $140.7M (+6.7% YoY); Same Store Cash NOI $125.9M (+5.3% YoY).
Acquired 12 buildings for $204.3M at 6.2% cash cap rate; sold two non-core buildings for $28.4M.
Record leasing spreads: Cash Rent Change 39.3%, Straight-Line 54.2%; occupancy 97.6%.
Addressed 97.9% of 2023 expected leasing (12.9M sq ft) at 30.1% cash rent change.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STAG Industrial, Inc. reported the quarter ended September 30, 2023 results: net income $50.0 million, EPS $0.28.

Period: the quarter ended September 30, 2023
Net income: $50.0 million
EPS: $0.28
Result: reported results

Exact text from the filing

STAG INDUSTRIAL ANNOUNCES THIRD QUARTER 2023 RESULTS

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STAG Industrial, Inc. filing history →

Source: SEC EDGAR

accession 0001479094-23-000026

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