STAG Industrial (STAG)

• 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.

• 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.

• 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%.
• The company reported Q3 2025 Core FFO per share of $0.65, an 8.3% increase year-over-year.
• 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.
• 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.
• 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.

• 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.
• Core FFO per diluted share increased 8.3% to $0.65 for Q3 2025, up from $0.60 in Q3 2024.
• 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.
• 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.

• 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.
• Core FFO per diluted share for Q3 2025 was $0.65, marking an 8.3% increase compared to $0.60 in Q3 2024.
• 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.
• 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%.
• 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.

STAG Industrial reported strong financial and operational results for the third quarter ended September 30, 2025.

• 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.
• Same Store Cash NOI increased by 3.9% to $145.7 million for the third quarter of 2025.
• 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%.
• The total portfolio's Occupancy Rate stood at 95.8% as of September 30, 2025.
• 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.
• 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.