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Sep 30, 2023
STAG Q3 2023 Earnings Report
Reported impressive operating results and cash flow growth.
Key Takeaways
STAG Industrial reported a net income of $50.0 million for the third quarter of 2023, a decrease compared to the $63.3 million reported in the third quarter of 2022. Core FFO per diluted share increased by 3.5% to $0.59. The company acquired 12 buildings for $204.3 million and achieved an occupancy rate of 97.6% on the total portfolio.
Net income attributable to common stockholders was $50.0 million, compared to $63.3 million for the third quarter of 2022.
Core FFO per diluted share increased 3.5% to $0.59 compared to $0.57 for the third quarter of 2022.
Cash NOI increased 6.7% to $140.7 million.
Acquired 12 buildings consisting of 1.5 million square feet for $204.3 million.
Forward Guidance
No specific forward guidance was provided in the text.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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