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Sep 30, 2021
STAG Q3 2021 Earnings Report
STAG demonstrated strong performance in Q3 2021, driven by acquisition volume, pricing discipline, and internal growth.
Key Takeaways
STAG Industrial reported a net income of $0.30 per basic and diluted common share for Q3 2021, compared to $0.15 for Q3 2020. Core FFO per diluted share increased by 15.2% to $0.53. The company acquired 24 buildings for $427.2 million and achieved an occupancy rate of 95.9% on the total portfolio.
Net income per share increased to $0.30, double the $0.15 reported in Q3 2020.
Core FFO per diluted share grew by 15.2% to $0.53.
Cash NOI increased by 16.8% to $111.1 million.
The company acquired 24 buildings comprising 4.0 million square feet for $427.2 million.
STAG
STAG
Forward Guidance
The company did not provide specific forward guidance in this earnings report.