secwatch.observer — SEC 8-K summary
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Issuer:     STAG Industrial, Inc. (STAG)
CIK:        0001479094
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001479094-23-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1479094/000147909423000026/0001479094-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1479094/000147909423000026/stag-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001479094-23-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer