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Sep 30, 2020
STAG Q3 2020 Earnings Report
Announced financial and operating results.
Key Takeaways
STAG Industrial reported a strong third quarter, driven by the strength of the industrial sector and the team's execution, achieving historic leasing levels and an acceleration in acquisition activity.
Net income per basic and diluted common share was $0.15.
Core FFO per diluted share was $0.46.
Cash NOI increased by 15.4% to $95.2 million.
Occupancy Rate of 96.3% on the total portfolio and 96.9% on the Operating Portfolio as of September 30, 2020.
STAG
STAG
Forward Guidance
The company is excited with the opportunities at hand as they look into the fourth quarter and 2021.