secwatch.observer — SEC 8-K summary
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Issuer:     STAG Industrial, Inc. (STAG)
CIK:        0001479094
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001479094-24-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1479094/000147909424000015/0001479094-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1479094/000147909424000015/stag-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001479094-24-000015

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