STAG Industrial Reports Impressive Quarterly Financial Results
STAG Industrial Announces Quarterly Performance Highlights
STAG Industrial, Inc. (NYSE: STAG) has released its financial and operational results for the recent quarter ending June 30, 2025. The company has effectively executed its operational plans, demonstrating noteworthy achievements in its performance metrics.
Key Performance Highlights
The following highlights outline the company's performance in the second quarter:
- The company reported $0.27 of net income per basic and diluted common share, a decline from the $0.33 reported in the same quarter last year.
- Core Funds from Operations (FFO) reached $0.63 per diluted share, reflecting a 3.3% increase from $0.61 in the second quarter of 2024.
- Cash Net Operating Income (NOI) for the quarter was recorded at $161.7 million, which indicates an 8.9% increase compared to $148.4 million for the same quarter last year.
- Same Store Cash NOI was at $145.3 million, a 3% increase from $141.0 million in the previous year.
- Cash Available for Distribution was $98.8 million, up 3.9% from $95.1 million in the year-ago quarter.
- In the current quarter, STAG acquired a building of 183,200 square feet for $18.4 million, achieving a Cash Capitalization Rate of 7.1%.
- The company also sold a 151,200-square-foot building for $9.1 million.
- As of June 30, 2025, the overall portfolio occupancy rate stood at 96.3%, while the operating portfolio reached an occupancy rate of 97%.
- For the second quarter of 2025, STAG commenced 4.2 million square feet of leases within its operating portfolio, achieving significant rent changes of 24.6% cash rent change and 41.1% straight-line rent change.
- The company experienced a remarkable retention rate of 75.3% for 3.5 million square feet of lease expirations this quarter.
Positive Outlook and Investor Confidence
The CEO of STAG Industrial expressed confidence in the company’s strategic initiatives and execution. "Our strong results in the first half of the year position us favorably for the coming months. We remain committed to enhancing shareholder value through prudent acquisitions and operational efficiencies," he stated.
Financial Measures Breakdown
Further insights into the company’s key financial measures include:
- Net income attributable to common stockholders for the quarter was approximately $50 million, compared to $59.7 million in the same period last year.
- For the six months ending June 30, 2025, the company reported total revenues of $413.2 million, demonstrating resilience in their revenue-generating capabilities.
Acquisition and Leasing Activities
STAG Industrial is also active in acquiring new properties and managing its existing portfolio efficiently. During the quarter, it successfully addressed 90.8% of expected new and renewal leasing for the year, consisting of approximately 13.3 million square feet with a cash rent change of 24.5%.
Looking Ahead
STAG Industrial will continue to leverage its strong operational framework to navigate the complexities of the real estate market, seeking growth through strategic acquisitions, improved asset management, and wealth generation for its investors.
Frequently Asked Questions
What is STAG Industrial's stock ticker?
STAG Industrial trades under the ticker symbol NYSE: STAG.
Where can I find STAG Industrial’s investor relations information?
STAG Industrial's investor relations information can be accessed on their official website.
What recent acquisitions has STAG Industrial made?
Recently, STAG Industrial acquired a 183,200-square-foot building for $18.4 million as part of its operational strategy.
What are the financial highlights for the second quarter of 2025?
In the second quarter, STAG reported $0.27 in net income per share and cash NOI of $161.7 million, highlighting growth despite challenges.
When is STAG Industrial’s next earnings call?
The next earnings call is expected to be scheduled shortly after the release of quarterly results, typically hosted bi-annually.
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