Quarterly ResultApr 28, 2026, 04:14 PM
STAG Q1 Revenue +9.1% to $224.2M; EPS $0.32; Net Income Down 32.2%
AI Summary
STAG Industrial, Inc. reported a 9.1% increase in total revenue to $224.2 million for Q1 2026. However, net income attributable to the company decreased significantly by 32.2% to $62.0 million, with diluted EPS falling to $0.32, primarily due to lower gains on property sales compared to the prior year. Despite the drop in net income, net cash provided by operating activities grew by 13.4% to $117.4 million, and the company actively managed its portfolio with one acquisition for $80.7 million and one disposition for $29.6 million.
Key Highlights
- STAG Q1 total revenue increased 9.1% to $224.2 million.
- Net income attributable to STAG Industrial, Inc. decreased 32.2% to $62.0 million.
- Diluted EPS was $0.32, down 34.7% from $0.49 in the prior year.
- Net cash provided by operating activities rose 13.4% to $117.4 million.
- Acquired one industrial building for $80.7 million, totaling 748,833 square feet.
- Disposed of one building for $29.6 million, realizing a net gain of $15.1 million.
- Total principal debt outstanding decreased to $3.20 billion from $3.27 billion.
- Dividends and distributions were $0.39 per share/unit for the quarter.
Price Impact
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