STAG Industrial Reports Impressive Third Quarter Performance for 2025 with Significant Gains

STAG Industrial's Strong Q3 2025 Results

BOSTON, Oct. 29, 2025 – STAG Industrial, Inc. (NYSE: STAG) has announced its financial performance for the third quarter of 2025, showcasing impressive growth across several key metrics. The company reported net income of $48.6 million, translating to $0.26 per diluted share, up from $41.8 million in the same period last year. This increase emphasizes the company's robust operational performance amid a stable market environment.

Bill Crooker, the President and CEO of STAG Industrial, commented on these results, noting, "STAG's strong performance through the third quarter reflects the stability of our portfolio and the continued health of our markets. With disciplined execution and improving leasing momentum, we expect to deliver another year of meaningful growth and long-term value creation."

Key Financial Highlights

1. Net Income Growth: The reported net income per basic and diluted common share rose to $0.26, a 13% increase compared to last year's $0.23 in Q3. This translates to a significant year-on-year growth of 16.2% in net income attributable to common stockholders.

2. Core Funds from Operations (FFO): STAG achieved core FFO of $124.7 million for the quarter, equating to a 12.6% rise from $110.8 million in Q3 2024, and a core FFO per share of $0.65, reflecting an 8.3% increase.

3. Same Store Cash NOI: The company produced Same Store Cash NOI of $145.7 million, a 3.9% increase from $140.2 million in the previous year, underlining the efficiency of its existing properties.

4. Acquisitions and Growth: During the quarter, STAG acquired two buildings totaling approximately 1.0 million square feet for $101.5 million, achieving an impressive cash capitalization rate of 6.6%. As of September 30, 2025, the company's overall occupancy rate for its diversified portfolio stood at 95.8%, with the operating portfolio at an even higher 96.8%.

5. Leasing Activity: The company commenced leases amounting to 2.2 million square feet in Q3 2025, with cash rent changes showing substantial increases of 27.2% in cash rent and 40.6% in straight-line rent. Retention for expiring leases was also impressive at 63.4%.

6. Refinancing Success: STAG successfully refinanced a $300 million term loan, extending its maturity to March 15, 2030, which showcases the company's proactive financial management strategies.

Market Outlook

Looking ahead, the company remains optimistic about the continued strength of its portfolio and the overall market environment. The upcoming conference call on October 30, 2025, will provide further insights into their acquisition strategy, operational performance, and future growth initiatives.

In conclusion, STAG Industrial is clearly on an upward trajectory, establishing itself as a reliable player in the industrial real estate sector, bolstered by strong financial results, effective management, and a solid market presence. Investors and stakeholders can expect further developments as the company capitalizes on current trends, ensuring sustained growth in the quarters to come.