Quarterly ResultJul 28, 2026, 04:13 PM
STAG Industrial Q2 Core FFO $0.65/share, Net Income $0.28/share
AI Summary
STAG Industrial, Inc. announced its second quarter 2026 results, reporting Core FFO of $0.65 per diluted share, a 3.2% increase year-over-year, and net income of $0.28 per diluted share, up 3.7%. The company acquired seven buildings for $287.1 million and achieved a Same Store Cash NOI increase of 3.4% to $158.8 million. STAG also declared a quarterly dividend of $0.3875 per share and refinanced $350 million in term loans.
Key Highlights
- Core FFO per diluted share increased 3.2% to $0.65.
- Net income per diluted share rose 3.7% to $0.28.
- Same Store Cash NOI grew 3.4% to $158.8 million.
- Acquired 7 buildings totaling 2.6 million sq ft for $287.1 million.
- Total portfolio occupancy rate reached 94.5% as of June 30, 2026.
- Cash Rent Change for commenced leases was 19.8%.
- Declared Q3 2026 dividend of $0.3875 per share.
- Refinanced $350 million term loans, extending maturity to 2032.
Price Impact
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