| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 211.12 | 1.7% | 10.7% |
| Total Income | 211.12 | 1.7% | 10.7% |
| Expenditure | 130.87 | 1.8% | 6.4% |
| PBT | — | ||
| Net Profit | 48.64 | 2.7% | 16.2% |
| OPM | — | ||
| NPM | 23.04% | 1.05pp | 1.09pp |
| EPS | — |
STAG Industrial Reports Q3 2025 Results
04 May 2026 · 4 May, 8:35 am
Summary
STAG Industrial announced its financial and operating results for the quarter ended September 30, 2025. Net income per share increased to $0.26, compared to $0.23 in the same quarter of the previous year. Core FFO per diluted share grew by 8.3% to $0.65. Same Store Cash NOI increased by 3.9% to $145.7 million. The company acquired two buildings for $101.5 million and refinanced a $300 million term loan.
Key Highlights
- 1
STAG Industrial reported net income of $0.26 per basic and diluted common share for the third quarter of 2025, compared to $0.23 for the third quarter of 2024.
- 2
Core FFO per diluted share for the third quarter of 2025 increased by 8.3% to $0.65, compared to $0.60 in the third quarter of 2024.
- 3
Same Store Cash NOI for the third quarter of 2025 was $145.7 million, a 3.9% increase compared to $140.2 million for the third quarter of 2024.
- 4
The company acquired two buildings in the third quarter of 2025, totaling 1.0 million square feet, for $101.5 million, with a Cash Capitalization Rate of 6.6%.
- 5
As of September 30, 2025, the company achieved an Occupancy Rate of 95.8% on the total portfolio and 96.8% on the Operating Portfolio.
- 6
Operating Portfolio leases commenced for 2.2 million square feet in the third quarter of 2025, resulting in a Cash Rent Change and Straight-Line Rent Change of 27.2% and 40.6%, respectively.
- 7
The company refinanced $300 million term loan G, extending its maturity to March 15, 2030.
Management Comments
Bill Crooker
STAG's strong performance through the third quarter reflects the stability of our portfolio and the continued health of our markets. With disciplined execution and improving leasing momentum, we expect to deliver another year of meaningful growth and long-term value creation.
Informational and educational content only. Not investment advice.