STAG Industrial Q2 Core FFO $0.63 (+3.3% YoY), Cash NOI up 8.9% to $161.7M

STAG Industrial, Inc.

Net income $0.27 per share (vs $0.33 YoY); Core FFO per diluted share $0.63, up 3.3%.
Cash NOI $161.7M (+8.9% YoY); Same Store Cash NOI $145.3M (+3.0%).
Acquired one building for $18.4M (7.1% cap); sold one for $9.1M. Portfolio occupancy 96.3%.
Leasing commenced 4.2M sq ft; cash rent change +24.6%; retention 75.3%.
Moody's upgraded corporate credit rating to Baa2 stable outlook in May.

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