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Jun 30, 2021
STAG Q2 2021 Earnings Report
STAG Industrial's platform strength was demonstrated, driven by increasing demand and strong external growth, leading to upward revisions in the outlook for the remainder of 2021.
Key Takeaways
STAG Industrial reported a strong second quarter with significant increases in net income, Core FFO, and Cash NOI. The company also completed strategic acquisitions and leasing activities, contributing to an optimistic outlook for the rest of the year.
Reported net income per share of $0.20, compared to $0.12 in Q2 2020.
Core FFO per diluted share increased by 10.6% to $0.52.
Cash NOI increased by 12.6% to $108.8 million.
Acquired nine buildings for $126.7 million, consisting of 1.3 million square feet.
STAG
STAG
Forward Guidance
The increasing demand for space in our portfolio combined with our strong external growth has resulted in upward revisions to our outlook for the remainder of 2021.