STAG Industrial Q1 net income jumps to $0.49/share; Core FFO up 3.4% YoY

STAG Industrial, Inc.

Net income per diluted share $0.49 vs $0.20 YoY; net income attributable to common stockholders $91.3M vs $36.6M.
Core FFO per diluted share $0.61 (+3.4% YoY); Cash NOI $157.2M (+8.1%).
Same Store Cash NOI up 3.4% to $144.6M; Cash Available for Distribution $106.5M (+8.5%).
Acquired 3 buildings for $43.3M at 6.8% Cash Cap Rate; sold one building for $67.0M, net gain $49.9M.
Occupancy 95.9% total / 96.8% Operating Portfolio; commenced 5.0M sq ft with Cash Rent Change 27.3%; retention 85.3%.

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