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Mar 31, 2021
STAG Q1 2021 Earnings Report
STAG Industrial reported financial and operating results, achieving key milestones in portfolio growth and financial performance.
Key Takeaways
STAG Industrial reported a decrease in net income per share compared to the previous year, but saw increases in Core FFO, Cash NOI, and Cash Available for Distribution. The company continued to expand its portfolio through acquisitions and dispositions, while also focusing on capital market activities to strengthen its financial position.
Net income per share decreased to $0.13 compared to $0.42 in Q1 2020.
Core FFO per diluted share increased by 4.3% to $0.49.
Cash NOI increased by 10.6% to $103.7 million.
Acquired six buildings for $100.2 million and sold four buildings for $25.2 million.
STAG
STAG
Forward Guidance
The company did not provide specific forward guidance in this earnings report.