STAG Industrial Q1 Core FFO $0.59 (+7.3% YoY); Cash NOI up 9.7%

STAG Industrial, Inc.

Net income $36.6M ($0.20 EPS) vs $49.4M ($0.28) YoY; Core FFO $0.59 per diluted share.
Same Store Cash NOI $139.1M (+7.1% YoY); Cash Available for Distribution $98.1M (+8.9%).
Acquired one building (697,500 sq ft) for $50.1M at 6.1% cash cap rate; occupancy 97.7%.
Leased 4.3M sq ft with Cash Rent Change 30.5%; retention 84.2%; 81.2% of expected 2024 leasing addressed.
Issued $450M fixed-rate senior notes in March; refinanced $200M Term Loan F to March 2027.

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 the quarter ended March 31, 2024 results: net income $36.6 million, EPS $0.20 per basic and diluted common share.

Period: the quarter ended March 31, 2024
Net income: $36.6 million
EPS: $0.20 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 March 31, 2024.

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STAG Industrial, Inc. filing history →

Source: SEC EDGAR

accession 0001479094-24-000015

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