earnings
confidence high
sentiment positive
materiality 0.70
STAG Industrial Q4 Core FFO $0.61 (+5.2% YoY); acquired 15 buildings for $293.7M
STAG Industrial, Inc.
- Q4 net income $50.9M ($0.28 per diluted share) vs $41.7M ($0.23) in Q4 2023.
- Core FFO per diluted share $0.61, up 5.2% YoY; full year $2.40, up 4.8%.
- Cash NOI $155.5M (+8.6% YoY); Same Store Cash NOI $139.2M (+4.4%).
- Occupancy 96.5% total portfolio; 97.3% operating portfolio; 76.9% retention on 2.8M sq ft.
- Addressed 70.2% of 2025 leasing (9.7M sq ft) at 23.8% cash rent change as of Feb 11.