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Mar 31, 2024
STAG Q1 2024 Earnings Report
Reported financial and operating results for the quarter ended March 31, 2024.
Key Takeaways
STAG Industrial reported a solid first quarter in 2024, marked by strong internal growth and robust Same Store Cash NOI growth. The company acquired one building and achieved a high occupancy rate, while also navigating capital market activities.
Net income per basic and diluted common share was $0.20.
Core FFO per diluted share increased by 7.3% to $0.59.
Cash NOI increased by 9.7% to $145.5 million.
Same Store Cash NOI increased by 7.1% to $139.1 million.
STAG
STAG
Forward Guidance
No specific forward guidance was provided in the release.