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Dec 31, 2020
STAG Q4 2020 Earnings Report
STAG Industrial reported its Q4 2020 results, demonstrating business momentum entering 2021.
Key Takeaways
STAG Industrial reported strong Q4 2020 results, including an increase in net income per share, Core FFO, and Cash NOI. The company acquired 32 buildings and sold two, while maintaining a high occupancy rate.
Net income per basic and diluted common share was $0.63 for Q4 2020, compared to $0.12 for Q4 2019.
Core FFO per diluted share for Q4 2020 was $0.49, a 4.3% increase compared to Q4 2019.
Cash NOI for Q4 2020 was $100.4 million, a 12.9% increase compared to Q4 2019.
The company acquired 32 buildings for $579.9 million and sold two buildings for $155.5 million during Q4 2020.
STAG
STAG
Forward Guidance
No specific forward guidance was provided in the document.