STAG INDUSTRIAL ANNOUNCES THIRD QUARTER 2026 RESULTS
STAG Industrial reported Q3 2026 net income of $0.37 per diluted share, up from $0.26 a year ago, with net income to common stockholders of $70.7 million (up 45.4% YoY). Core FFO per diluted share rose 1.5% to $0.66, and Same Store Cash NOI grew 3.5% to $159.9 million. Occupancy held at 95.9% with strong leasing spreads of 23.8% cash and 35.7% straight-line, and retention of 90.3%. On the capital side, STAG acquired two buildings for $107.9 million at a 6.9% cash cap rate, refinance-extended $350 million of term loans to 2032, and received a 'BBB' investment-grade rating from S&P with a stable outlook.
Key figures
- Eps
- 0.37
- Revenue
- 231045000
- Cash noi
- 178663000
- Liquidity
- 546000000
- Retention
- 90.3%
- Core ffo q3
- 129803000
- Cash noi yoy
- 10.1%
- Sl rent change
- 35.7%
- Acquisitions q3
- 107934000
- Core ffo q3 yoy
- 4.1%
- Dispositions q3
- 67875000
- Cash rent change
- 23.8%
- Adjusted ebit Dare
- 168044000
- Same store cash noi
- 159865000
- Occupancy rate total
- 95.9%
- Adjusted ebit Dare yoy
- 10.2%
- Buyback authorization
- 250000000
- Q4 dividend per share
- 0.3875
- Same store cash noi yoy
- 3.5%
- Occupancy rate operating
- 96.2%
- Core ffo per diluted share
- 0.66
- Cash available for distribution
- 109013000
- Net debt to run rate adjusted ebit Dare
- 5.1x
AI analysis
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