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Mar 31, 2020
STAG Q1 2020 Earnings Report
STAG Industrial reported strong first quarter operating results and a defensive balance sheet.
Key Takeaways
STAG Industrial reported a strong start to 2020, with significant growth in net income, Core FFO, and Cash NOI. The company acquired nine buildings and sold three, while maintaining a high occupancy rate and raising substantial equity.
Net income per share increased to $0.42, up from $0.05 in Q1 2019.
Core FFO per diluted share rose to $0.47, a 4.4% increase year-over-year.
Cash NOI increased by 25.1% to $93.7 million.
The company acquired nine buildings for $119.3 million and sold three buildings for $101.5 million.
STAG
STAG
Forward Guidance
No specific forward guidance was provided in the document.