Craig Mailman

Eric Borden

Michael Carroll

Nicholas Thillman

Brendan Lynch

Michael Mueller

Rich Anderson

Vince Tibone

Greg Millman

Jessica Zhang

Jessica Zheng

John Kim

Jonathan Hughes

Jonathan Petersen

Michael Griffin

Nick Thillman

Sanket Agrawal

Steve Sakwa

- STAG Industrial increased its full-year **Core FFO guidance** to a range of **$2.52 to $2.55 per share**, a **$0.03 increase** at the midpoint, and raised its full-year **same-store cash NOI guidance** to **4% to 4.25%**.  **[0001479094_2216423_1]** **[0001479094_2216423_2]** 
- The company reported **Q3 2025 Core FFO per share of $0.65**, an **8.3% increase** year-over-year.  **[0001479094_2216423_2]** 
- Leasing activity for 2025 achieved **23.9% cash leasing spreads** year-to-date, and **52% of 2026 expiring square footage** has been addressed with expected cash leasing spreads between **18% and 20%** for 2026.  **[0001479094_2216423_1]** **[0001479094_2216423_2]** **[0001479094_2216423_5]** 
- STAG closed **$212 million** in stabilized acquisitions year-to-date, with an additional **$153 million** under agreement, and announced a new **$34.6 million build-to-suit project** in Ohio with an expected **7% stabilized yield**.  **[0001479094_2216423_1]** **[0001479094_2216423_6]** 
- The company maintains low leverage with net debt to annualized run-rate adjusted EBITDA at **5.1 times** and **$904 million** in liquidity at quarter end.  **[0001479094_2216423_2]**

STAG Industrial Reports Strong Q3 2025 Results and Raises Full-Year Guidance

- STAG Industrial reported **net income per basic and diluted common share of $0.26** for the third quarter of 2025, an increase from $0.23 in the third quarter of 2024.  **[0001479094_2212697:56]** **[0001479094_2212697:59]** 
- **Core FFO per diluted share** increased **8.3%** to **$0.65** for Q3 2025, up from $0.60 in Q3 2024.  **[0001479094_2212697:57]** **[0001479094_2212697:59]** 
- **Same Store Cash NOI** for Q3 2025 rose **3.9%** to **$145.7 million** compared to $140.2 million in Q3 2024, with the total portfolio's **Occupancy Rate** at **95.8%** as of September 30, 2025.  **[0001479094_2212697:57]** **[0001479094_2212697:59]** 
- The company acquired **two buildings** totaling **1.0 million square feet** for **$101.5 million** in Q3 2025 and refinanced a **$300 million term loan**, extending its maturity to **March 15, 2030**.  **[0001479094_2212697:57]**

STAG Industrial Announces Q3 2025 Results

- STAG Industrial reported **net income per diluted common share of $0.26** for the third quarter of 2025, an increase from **$0.23** in the third quarter of 2024.  **[1479094_0001479094-25-000027_q32025-earningsrelease.htm:0]** 
- **Core FFO per diluted share** for Q3 2025 was **$0.65**, marking an **8.3%** increase compared to **$0.60** in Q3 2024.  **[1479094_0001479094-25-000027_q32025-earningsrelease.htm:0]** 
- The company achieved **Same Store Cash NOI of $145.7 million** for the third quarter of 2025, a **3.9%** increase over the same period in 2024.  **[1479094_0001479094-25-000027_q32025-earningsrelease.htm:0]** 
- In Q3 2025, STAG Industrial acquired **two buildings** totaling **1.0 million square feet** for **$101.5 million**, with a Cash Capitalization Rate of **6.6%**.  **[1479094_0001479094-25-000027_q32025-earningsrelease.htm:0]** 
- Operating Portfolio leases commenced during Q3 2025 covered **2.2 million square feet**, resulting in a **Cash Rent Change of 27.2%** and a **63.4% retention** rate for expiring leases.  **[1479094_0001479094-25-000027_q32025-earningsrelease.htm:0]**

STAG Industrial Announces Third Quarter 2025 Results

STAG Industrial reported strong financial and operational results for the third quarter ended September 30, 2025.  **[1479094_20251029NE10326:0]** 

| Metric | Q3 2024 | Q3 2025 |
|:---|:---|:---|
| Net income attributable to common stockholders ($USD Thousands) | **$41,811**  **[1479094_20251029NE10326:1]**  | **$48,594**  **[1479094_20251029NE10326:1]**  |
| Net income per common share — basic ($USD) | **$0.23**  **[1479094_20251029NE10326:1]**  | **$0.26**  **[1479094_20251029NE10326:1]**  |
| Net income per common share — diluted ($USD) | **$0.23**  **[1479094_20251029NE10326:1]**  | **$0.26**  **[1479094_20251029NE10326:1]**  |
| Core FFO per share / unit — diluted ($USD) | **$0.60**  **[1479094_20251029NE10326:1]**  | **$0.65**  **[1479094_20251029NE10326:1]**  |
| Same Store Cash NOI ($USD Thousands) | **$140,158**  **[1479094_20251029NE10326:1]**  | **$145,694**  **[1479094_20251029NE10326:1]**  |

- The company achieved **$0.65 of Core FFO per diluted share** for the third quarter of 2025, an increase of **8.3%** compared to the third quarter of 2024.  **[1479094_20251029NE10326:0]** 
- **Same Store Cash NOI** increased by **3.9%** to **$145.7 million** for the third quarter of 2025.  **[1479094_20251029NE10326:0]** 
- STAG Industrial acquired **two buildings** in Q3 2025, encompassing **1.0 million square feet**, for **$101.5 million** with a Cash Capitalization Rate of **6.6%**.  **[1479094_20251029NE10326:0]** 
- The total portfolio's **Occupancy Rate** stood at **95.8%** as of September 30, 2025.  **[1479094_20251029NE10326:0]** 
- Operating Portfolio leases commenced for **2.2 million square feet** in Q3 2025, resulting in a **Cash Rent Change of 27.2%** and a **63.4% Retention** rate for expiring leases.  **[1479094_20251029NE10326:0]** 
- The company refinanced a **$300 million term loan G**, extending its maturity to March 15, 2030, and reported **Liquidity of $904.1 million** as of September 30, 2025.  **[1479094_20251029NE10326:0]** **[1479094_20251029NE10326:3]**

STAG Industrial (STAG)