Quarterly ResultApr 28, 2026, 04:13 PM
STAG Q1 Core FFO/Share $0.65 (+6.6%); Same Store Cash NOI +4.1%
AI Summary
STAG Industrial reported its first quarter 2026 financial and operating results, with Core FFO per diluted share increasing 6.6% to $0.65 and Same Store Cash NOI growing 4.1% to $159.3 million. Net income attributable to common stockholders decreased 32.2% to $62.0 million, primarily due to lower gains on property sales compared to the prior year. The company executed strong leasing activity with a 20.9% Cash Rent Change and maintained a high occupancy rate of 95.1% on its total portfolio.
Key Highlights
- Core FFO per diluted share increased 6.6% to $0.65 for Q1 2026.
- Same Store Cash NOI grew 4.1% to $159.3 million for Q1 2026.
- Net income attributable to common stockholders decreased 32.2% to $62.0 million.
- Acquired one building for $80.7 million with a 6.1% Cash Capitalization Rate.
- Commenced 6.0 million square feet of leases with a Cash Rent Change of 20.9%.
- Achieved an Occupancy Rate of 95.1% on the total portfolio as of March 31, 2026.
- Declared a Q2 2026 dividend of $0.3875 per share.
- Acquisition pipeline amounted to $3.9 billion as of April 27, 2026.