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Jun 30, 2022
STAG Q2 2022 Earnings Report
Announced second quarter 2022 results, highlighting strong operational performance and portfolio positioning.
Key Takeaways
STAG Industrial reported a positive second quarter in 2022, marked by a net income of $0.18 per basic and diluted common share and Core FFO of $0.56 per diluted share, driven by a favorable industrial environment and strong operational execution.
Net income attributable to common stockholders was $32.3 million.
Core FFO per diluted share increased by 7.7% to $0.56.
Cash NOI increased by 18.6% to $129.0 million.
The company acquired nine buildings, consisting of 1.5 million square feet, for $165.4 million.
STAG
STAG
Forward Guidance
No specific forward guidance was provided in the text.