STAG Industrial Q4 2023: Net income $0.23/shr, Core FFO $0.58/shr (+5.5% YoY), Cash NOI +10%

STAG Industrial, Inc.

Net income $41.7M ($0.23/shr) vs $29.7M ($0.17/shr) in Q4 2022, up 40%.
Core FFO per diluted share $0.58, up 5.5% YoY; full year 2023 Core FFO $2.29 (+3.6% YoY).
Same Store Cash NOI $127.0M (+6.8% YoY); Total Cash NOI $143.1M (+10.0% YoY).
Occupancy 98.2%; leased 2.6M sq ft; Cash Rent Change 36.2%, retention 88.0%.
Raised $41.8M forward equity via ATM in Q4; $22.1M additional post-quarter.

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 for the three months and year ended December 31, 2023 results: net income $41.7 million of net income attributable to common stockholders for the fourth quarter of 2023, EPS $0.23 of net income per basic and diluted common share for the fourth quarter of 2023.

Period: for the three months and year ended December 31, 2023
Net income: $41.7 million of net income attributable to common stockholders for the fourth quarter of 2023
EPS: $0.23 of net income per basic and diluted common share for the fourth quarter of 2023
Result: reported results

Exact text from the filing

Reported $0.23 of net income per basic and diluted common share for the fourth quarter of 2023, compared to $0.17 of net income per basic and diluted common share for the fourth quarter of 2022. Reported $41.7 million of net income attributable to common stockholders for the fourth quarter of 2023, compared to net income attributable to common stockholders of $29.7 million for the fourth quarter of 2022.

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Source: SEC EDGAR

accession 0001479094-24-000006

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