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STAG Q1 2025 Earnings Report
STAG Industrial, Inc. announced its financial and operating results for the first quarter ended March 31, 2025, showing significant increases in net income and FFO per diluted share compared to the previous year.
Key Takeaways
STAG Industrial, Inc. reported a strong first quarter for 2025, with net income attributable to common stockholders increasing by 149.7% to $91.3 million and Core FFO per diluted share rising by 3.4% to $0.61. The company also saw an 8.1% increase in Cash NOI, reaching $157.2 million, and maintained a high occupancy rate of 95.9% across its total portfolio.
Net income attributable to common stockholders increased by 149.7% to $91.3 million in Q1 2025.
Core FFO per diluted share grew by 3.4% to $0.61 for the first quarter of 2025.
Cash NOI increased by 8.1% to $157.2 million, and Same Store Cash NOI rose by 3.4% to $144.6 million.
The company achieved an Occupancy Rate of 95.9% on its total portfolio and 96.8% on its Operating Portfolio as of March 31, 2025.
STAG
STAG
Forward Guidance
STAG Industrial, Inc. has set a foundation for sustainable growth in 2025, benefiting from a strong balance sheet, ample liquidity, and broad market diversification. The company has already addressed a significant portion of its expected 2025 leasing.
Positive Outlook
- Strong balance sheet provides a solid foundation for future growth.
- Ample liquidity enhances financial flexibility.
- Broad market diversification supports stable operations.
- 78.5% of expected 2025 new and renewal leasing addressed as of April 28, 2025.
- Achieved a Cash Rent Change of 25.1% on addressed leasing.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.