earnings
confidence high
sentiment positive
materiality 0.60
STAG Industrial Q3 Core FFO $0.60 (+1.7% YoY); net income $0.23 vs $0.28 YoY
STAG Industrial, Inc.
- Net income attributable to common stockholders $41.8M ($0.23 per share) vs $50.0M ($0.28) in Q3 2023.
- Core FFO per diluted share $0.60, up 1.7% YoY from $0.59.
- Cash NOI $148.4M vs $140.7M; Same Store Cash NOI $138.2M vs $132.4M.
- Acquired six buildings for $113.0M (6.7% cap rate); raised $93.1M equity via ATM.
- Occupancy 97.1%; addressed 99.5% of 2024 leasing with 28.5% cash rent change.