secwatch.observer — SEC 8-K summary
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Issuer:     STAG Industrial, Inc. (STAG)
CIK:        0001479094
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001479094-24-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STAG Industrial Q2 2024: Core FFO $0.61 (+8.9%), Cash NOI +10.3%, occupancy 97.1%
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- Net income attributable to common stockholders $59.7M ($0.33/sh) vs $51.6M ($0.29/sh) YoY.
- Core FFO per diluted share $0.61, up 8.9% from $0.56; Cash NOI $148.4M, +10.3% from $134.6M.
- Acquired 10 buildings (2.2M sq ft) for $225.6M at a 6.7% cash capitalization rate.
- Occupancy rate 97.1% on total portfolio; 94.7% of expected 2024 leasing addressed with 28.9% cash rent change.
- Moody's upgraded outlook from Stable to Positive; Baa3 rating affirmed on June 26, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1479094/000147909424000024/0001479094-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1479094/000147909424000024/stag-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001479094-24-000024

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