STAG Q4 2024 Earnings Report

Key Takeaways

STAG Industrial delivered strong revenue and net income growth in Q4 2024, driven by increased leasing activity and strategic acquisitions. The company achieved a 19.4% cash rent increase on new and renewal leases, with a high retention rate of 76.9%.

Total Revenue

$199M

Previous year: $183M

+8.7%

EPS

$0.61

Previous year: $0.58

+5.2%

Occupancy Rate

96.5%

Previous year: 97.3%

-0.8%

Number of Acquired Buildings

Total Rentable Square Feet

2.45M

Gross Profit

$159M

Cash and Equivalents

$36.3M

Previous year: $21.9M

+65.9%

Total Assets

$6.83B

Previous year: $6.28B

+8.8%

STAG Revenue

STAG EPS

STAG Revenue by Segment

Forward Guidance

STAG Industrial anticipates continued growth in 2025 through lease renewals, acquisitions, and operational efficiency improvements.

Positive Outlook

Addressed 70.2% of expected 2025 leasing with a 23.8% cash rent increase
Continued strong acquisition pipeline of $3.7 billion
Focus on operational efficiencies to enhance profitability
Maintained high occupancy rates across the portfolio
Stable financial position with strong liquidity of $623.1 million

Challenges Ahead

Occupancy rate slightly decreased YoY
Potential interest rate risks impacting future financing
Increased competition in industrial real estate market
Rising operating expenses may affect margins
Uncertainty in economic conditions could impact leasing demand