Loading...
•
Sep 30, 2022
STAG Q3 2022 Earnings Report
Reported strong earnings growth driven by record internal growth despite capital market volatility.
Key Takeaways
STAG Industrial reported a strong third quarter in 2022, driven by record internal growth, despite volatility in the capital markets. The company reported $0.35 of net income per basic and diluted common share, $63.3 million of net income attributable to common stockholders, $0.57 of Core FFO per diluted share, $131.8 million of Cash NOI, $106.2 million of Same Store Cash NOI, and $87.0 million of Cash Available for Distribution.
Net income per basic and diluted common share was $0.35.
Core FFO per diluted share increased by 7.5% to $0.57.
Cash NOI increased by 18.6% to $131.8 million.
Occupancy Rate of 98.2% on the total portfolio and 98.8% on the Operating Portfolio as of September 30, 2022.
Forward Guidance
The Company's sustainable internal growth and a defensive balance sheet will allow us to be opportunistic through year end and in 2023.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...