Earnings summaries and quarterly performance for STAG Industrial.
Executive leadership at STAG Industrial.
William R. Crooker
Detailed
President and Chief Executive Officer
CEO
JM
Jeffrey M. Sullivan
Detailed
Executive Vice President, General Counsel and Secretary
MS
Matts S. Pinard
Detailed
Executive Vice President, Chief Financial Officer and Treasurer
MC
Michael C. Chase
Detailed
Executive Vice President and Chief Investment Officer
ST
Steven T. Kimball
Detailed
Executive Vice President—Real Estate Operations
Board of directors at STAG Industrial.
BS
Benjamin S. Butcher
Detailed
Director
CP
Christopher P. Marr
Detailed
Director
FX
Francis X. Jacoby III
Detailed
Director
HS
Hans S. Weger
Detailed
Director
JD
Jeffrey D. Furber
Detailed
Director
JK
Jit Kee Chin
Detailed
Director
LT
Larry T. Guillemette
Detailed
Chairman of the Board
MS
Michelle S. Dilley
Detailed
Director
VL
Vicki Lundy Wilbon
Detailed
Director
VW
Virgis W. Colbert
Detailed
Director
Research analysts who have asked questions during STAG Industrial earnings calls.
Craig Mailman
Citigroup
5 questions for STAG
Also covers: AKR, BRX, COLD +15 more
MC
Michael Carroll
RBC Capital Markets
5 questions for STAG
Also covers: AHR, ARE, COLD +18 more
Brendan Lynch
Barclays
4 questions for STAG
Also covers: AMT, BXP, CCI +24 more
NT
Nicholas Thillman
Robert W. Baird & Co.
4 questions for STAG
Also covers: COLD, CUZ, EGP +7 more
Vince Tibone
Green Street
4 questions for STAG
Also covers: CBL, COLD, EGP +7 more
Eric Borden
BMO Capital Markets
3 questions for STAG
Also covers: ADC, BNL, EGP +5 more
John Kim
BMO Capital Markets
3 questions for STAG
Also covers: AIV, ALX, ARDX +34 more
Michael Griffin
Citigroup Inc.
3 questions for STAG
Also covers: AHR, ALX, ARE +35 more
RA
Richard Anderson
Wedbush Securities
3 questions for STAG
Also covers: AIV, ARE, AVB +25 more
Blaine Heck
Wells Fargo Securities
2 questions for STAG
Also covers: BXP, CDP, COLD +14 more
MM
Michael Mueller
JPMorgan Chase & Co.
2 questions for STAG
Also covers: AKR, BRX, CBL +27 more
MM
Mike Mueller
JPMorgan Chase & Co.
2 questions for STAG
Also covers: COLD, CUBE, CURB +14 more
NT
Nick Thillman
Robert W. Baird & Co. Incorporated
2 questions for STAG
Also covers: COLD, CUZ, HIW +1 more
Greg Millman
Citi
1 question for STAG
JZ
Jessica Zhang
Green Street
1 question for STAG
Jessica Zheng
Green Street Advisors, LLC
1 question for STAG
Also covers: EGP, FR
JH
Jonathan Hughes
Raymond James Financial
1 question for STAG
Also covers: CTRE, HR, MRT +3 more
Jon Petersen
Jefferies
1 question for STAG
Also covers: AHH, CORZ, CUBE +12 more
Rich Anderson
Cantor Fitzgerald
1 question for STAG
Also covers: ARE, CDP, CPT +11 more
Sanket Agrawal
Evercore ISI
1 question for STAG
Also covers: ESS, UDR, VRE
Steve Sakwa
Evercore ISI
1 question for STAG
Also covers: ALX, AMH, AVB +31 more
Recent press releases and 8-K filings for STAG.
STAG Industrial Highlights Portfolio Strength and Financial Guidance
STAG
Guidance Update
New Projects/Investments
Dividends
- STAG Industrial is a pure-play industrial REIT, owning 120.0 million square feet across 601 buildings in 41 states, with an enterprise value of $10.3 billion as of Q4 2025.
- The company forecasts 2026 Cash Rent Change between 18.0% and 20.0% and Same Store Cash NOI % Growth between 2.75% and 3.25%. As of February 20, 2026, 69.5% of expected 2026 new and renewal leasing has been addressed, achieving a Cash Rent Change of 19.9%.
- STAG maintains a conservative balance sheet with a Net Debt to Annualized Run Rate Adjusted EBITDAre of 5.0x and 92.0% fixed-rate debt as of December 31, 2025. Its implied cap rate of 6.3% and dividend yield of 3.9% are higher than peer averages.
4 days ago
STAG Industrial Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance
STAG
Earnings
Guidance Update
Dividends
- STAG Industrial reported Core FFO per share of $0.66 for Q4 2025 and $2.55 for the full year 2025, marking a 6.3% increase over 2024.
- The company initiated its 2026 guidance, forecasting Core FFO per share between $2.60 and $2.64 and same-store cash NOI growth ranging from 2.75% to 3.25%.
- Acquisition volume for Q4 2025 reached $285.9 million at a 6.4% cash cap rate. For 2026, the company expects acquisition volume between $350 million and $650 million with cash capitalization rates of 6.25% to 6.75%.
- STAG also announced a 4% dividend raise and a shift from monthly to quarterly dividend payments, effective after year-end 2025.
Feb 12, 2026, 3:00 PM
STAG Industrial Reports Strong FY 2025 Results and Issues 2026 Guidance
STAG
Earnings
Guidance Update
Dividends
- STAG Industrial reported strong FY 2025 results, with Core FFO per share of $2.55, marking a 6.3% increase over 2024, and same-store cash NOI growth of 4.3% for the year.
- For 2026, the company provided initial guidance for Core FFO per share between $2.60 and $2.64 and anticipates same-store cash NOI growth of 2.75% to 3.25%.
- The company projects cash leasing spreads of 18%-20% for 2026, with 69% of the expected 2026 square feet already addressed. Additionally, STAG announced a 4% dividend raise and a shift to quarterly payments.
- Acquisition volume in Q4 2025 was $285.9 million at a 6.4% cash cap rate, and 2026 acquisition guidance is set between $350 million and $650 million.
Feb 12, 2026, 3:00 PM
STAG Industrial Reports Q4 and Full-Year 2025 Results
STAG
Earnings
New Projects/Investments
- STAG Industrial reported total revenue of $845,184 thousand and net income attributable to common stockholders of $273,350 thousand for the full year 2025.
- Full-year 2025 Core Funds From Operations (FFO) reached $486,976 thousand, translating to $2.55 per diluted share.
- The company achieved a 5.7% increase in Same Store GAAP NOI for Q4 2025 and a 4.7% increase for the full year 2025.
- STAG Industrial maintained a strong occupancy rate of 97.5% at the end of Q4 2025.
- The company has 1,434,980 square feet of development properties under construction with an estimated investment of $156,720 thousand and an expected stabilized yield of 7.1%.
Feb 12, 2026, 3:00 PM
STAG Industrial Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance
STAG
Earnings
Guidance Update
Dividends
- STAG Industrial reported Core FFO per share of $2.55 for FY 2025, a 6.3% increase compared to 2024, and $0.66 for Q4 2025.
- Same-store cash Net Operating Income (NOI) grew by 4.3% for FY 2025 and 5.4% for Q4 2025, with cash leasing spreads of 24% for the year.
- The company initiated 2026 guidance, forecasting Core FFO per share between $2.60 and $2.64 and same-store cash NOI growth between 2.75% and 3.25%.
- STAG Industrial raised its dividend by 4% after year-end, the largest raise since 2014, and will now pay dividends quarterly instead of monthly.
- Acquisition volume for Q4 2025 totaled $285.9 million at a 6.4% cash cap rate, with 2026 acquisition guidance set between $350 million and $650 million.
Feb 12, 2026, 3:00 PM
STAG Industrial Announces Fourth Quarter and Full Year 2025 Results
STAG
Earnings
New Projects/Investments
- STAG Industrial reported net income per basic and diluted common share of $0.44 for Q4 2025, up from $0.28 in Q4 2024, and Core FFO per diluted share of $0.66, an 8.2% increase over Q4 2024.
- For the full year 2025, Core FFO per diluted share reached $2.55, a 6.3% increase, and Same Store Cash NOI grew by 4.3% to $579.4 million.
- The company's Occupancy Rate stood at 96.4% on the total portfolio as of December 31, 2025.
- In Q4 2025, STAG Industrial acquired seven buildings for $285.9 million and sold eight buildings for $88.8 million.
- Operating Portfolio leases commenced in Q4 2025 showed a Cash Rent Change of 16.3% and a Retention rate of 75.8%.
Feb 11, 2026, 9:07 PM
STAG Industrial Announces Fourth Quarter and Full Year 2025 Results
STAG
Earnings
New Projects/Investments
- STAG Industrial reported net income per diluted common share of $0.44 for the fourth quarter of 2025 and $1.46 for the full year 2025.
- The company achieved Core FFO per diluted share of $0.66 for the fourth quarter of 2025, an increase of 8.2% compared to the fourth quarter of 2024, and $2.55 for the full year 2025, a 6.3% increase compared to 2024.
- Same Store Cash NOI increased by 5.4% to $148.5 million for the fourth quarter of 2025 and by 4.3% to $579.4 million for the full year 2025.
- As of December 31, 2025, the Occupancy Rate on the total portfolio was 96.4%.
- In the fourth quarter of 2025, STAG Industrial acquired seven buildings totaling 2.2 million square feet for $285.9 million and sold eight buildings totaling 1.6 million square feet for $88.8 million.
Feb 11, 2026, 9:06 PM
STAG Industrial Increases Dividend and Shifts to Quarterly Payouts
STAG
Dividends
- STAG Industrial's Board of Directors declared a first quarter 2026 dividend of $0.3875 per share of common stock.
- This declaration reflects an increase in the annual dividend rate from $1.49 per share to $1.55 per share.
- The company is also shifting its dividend payment schedule from monthly to quarterly.
- The record date for the first quarter dividend is March 31, 2026, with a payment date of April 15, 2026.
Jan 8, 2026, 9:06 PM
STAG Industrial Reports Strong Q3 2025 Results and Raises Full-Year Guidance
STAG
Earnings
Guidance Update
New Projects/Investments
- STAG Industrial reported Q3 2025 Core FFO per share of $0.65, an 8.3% increase year-over-year, and raised its full-year 2025 Core FFO guidance to $2.52-$2.55 per share.
- The company commenced 2.2 million sq ft of leases in Q3 2025 with 27.2% cash leasing spreads and has addressed 52% of its 2026 expiring square footage with 21.8% cash leasing spreads, expecting 18%-20% for the full year 2026.
- Acquisition volume for Q3 2025 totaled $101.5 million, with $212 million closed year-to-date and an additional $153 million under agreement, leading to a revised full-year acquisition guidance of $350 million to $500 million.
- Same-store cash NOI grew 3.9% in Q3 2025 and 3.5% year-to-date, with full-year guidance increased to 4% to 4.25%.
- Development activity includes 3.4 million sq ft across 13 buildings, with 88% of completed developments currently leased, and a new 349,000 sq ft build-to-suit project in Ohio with an expected 7% stabilized yield.
Oct 30, 2025, 2:00 PM
STAG Industrial Reports Strong Q3 2025 Results and Raises Full-Year Guidance
STAG
Earnings
Guidance Update
New Projects/Investments
- STAG Industrial reported Core FFO per share of $0.65 for Q3 2025, an 8.3% increase compared to the prior year.
- The company raised its 2025 Core FFO guidance to a range of $2.52 to $2.55 per share and increased its cash same-store NOI guidance to 4% to 4.25%.
- Acquisition volume for Q3 2025 totaled $101.5 million, with an additional $153 million under agreement to close by year-end, contributing to a revised full-year acquisition guidance of $350 million to $500 million.
- Leasing activity for Q3 2025 included 2.2 million square feet commenced with 27.2% cash leasing spreads; additionally, 52% of the 2026 expiring square footage has been addressed with 21.8% cash leasing spreads.
- STAG's development platform includes 3.4 million square feet across 13 buildings, with completed developments 88% leased, and a new 349,000 square foot build-to-suit project in Ohio with an expected 7% stabilized yield.
Oct 30, 2025, 2:00 PM
Quarterly earnings call transcripts for STAG Industrial.
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