STAG Industrial, Inc. Q3 FY26 Results

Summary

STAG Industrial announced its third quarter 2026 results, reporting a substantial increase in net income attributable to common stockholders to $70.7 million, up from $48.6 million in the same period last year. Core FFO per diluted share saw a modest increase of 1.5% to $0.66. The company demonstrated continued operational strength with Same Store Cash NOI growing by 3.5% to $159.9 million. Management highlighted the progress in leasing and development, expecting another strong operational year while maintaining a healthy balance sheet.

Key Highlights

1. 1

   Net income attributable to common stockholders for the third quarter of 2026 was $70.7 million, a significant increase from $48.6 million in the third quarter of 2025.

2. 2

   Core FFO per diluted share for Q3 2026 was $0.66, a 1.5% increase compared to $0.65 in Q3 2025.

3. 3

   Same Store Cash NOI increased by 3.5% to $159.9 million for the third quarter of 2026, compared to $154.5 million in the prior year period.

4. 4

   The Company acquired two buildings totaling 1.1 million square feet for $107.9 million in the third quarter of 2026.

5. 5

   Occupancy Rate remained strong at 95.9% for the total portfolio and 96.2% for the Operating Portfolio as of September 30, 2026.

6. 6

   STAG Industrial received a 'BBB' investment grade credit rating from S&P Global Ratings with a stable outlook on August 6, 2026.