earnings
confidence high
sentiment positive
materiality 0.75
STAG Industrial Q2 2026 Core FFO $0.65 (+3.2% YoY); acquires $287M in properties
STAG Industrial, Inc.
- Net income $52.9M ($0.28/share) vs $50.0M ($0.27) YoY; Core FFO $0.65/share (+3.2%).
- Same Store Cash NOI $158.8M, up 3.4% YoY; occupancy 94.5% total, 95.5% operating.
- Acquired 7 buildings (2.6M sq ft) for $287.1M at 6.1% cash cap rate; sold 2 buildings for $23.1M.
- Leasing: 5.6M sq ft commenced; cash rent change +19.8%, straight-line +33.7%; retention 75.7%.
- Subsequent: refinanced $350M term loans into single $350M loan maturing Jan 2032.