#USA #Boston #STAG Industrial #Bill Crooker #NYSE: STAG

STAG Industrial Reports Third Quarter 2026 Results

On October 27, 2026, STAG Industrial, Inc. (NYSE: STAG) released its financial outcomes for the third quarter that ended on September 30, 2026. The company has demonstrated significant growth, with a notable increase in net income and occupancy rates.

Financial Highlights

According to Bill Crooker, President and CEO of the Company, the third quarter's results reflect a continuation of leasing and development achievements seen earlier in the year. With industrial market fundamentals on the rise, STAG Industrial anticipates yet another strong operational year, maintaining a robust balance sheet.

• - Net Income: STAG reported a net income of $70.7 million, translating to $0.37 per basic and diluted common share. This marks a significant increase from $48.6 million or $0.26 per share in the same quarter the previous year, translating to a rise of 42.3%.
• - Core FFO: The Core Funds From Operations (FFO) per diluted share reached $0.66, up by 1.5% from $0.65 in Q3 2025.
• - Cash NOI: The company achieved a Same Store Cash Net Operating Income (NOI) of $159.9 million, growing by 3.5% from $154.5 million year-over-year.

Acquisitions and Dispositions

The third quarter also saw STAG expand its portfolio through acquisitions and dispositions:

• - The company acquired two buildings totaling 1.1 million square feet for $107.9 million, realizing a cash capitalization rate of 6.9%.
• - Concurrently, STAG sold four properties amounting to 1.1 million square feet for $67.9 million, indicating a strategically managed asset mix.
• - As of September 30, occupancy rates stood impressively at 95.9% across the entire portfolio and 96.2% in the Operating Portfolio.

Leasing Activity

Significantly, STAG initiated leases for 3.6 million square feet in the third quarter, with Cash Rent Change and Straight-Line Rent Change recording at 23.8% and 35.7%, respectively. This demonstrates the company’s effective leasing strategies and strong tenant retention, pegged at 90.3% for the 2.9 million square feet of leases that expired.

• - STAG’s ongoing development projects secured two new leases for a total of 68,534 square feet, exemplifying their strategic growth initiatives.

Market Position

STAG Industrial's robust performance has also been recognized externally, as the company received a 'BBB' investment grade credit rating from SP Global Ratings. This reflects its solid operational history and anticipated growth trajectory in the competitive industrial real estate market.

Future Outlook

The company remains optimistic and well-prepared for future developments. It plans to maintain its operational excellence and looks forward to discussing its results further in a conference call scheduled for October 28, 2026. The call will cover insights on acquisitions, overall operations, capital markets, and additional corporate activities, allowing stakeholders to gain a deeper understanding of future strategies.

Conclusion

STAG Industrial's third quarter 2026 report not only showcases strong operational results, but it also emphasizes the company's continuing commitment to growth and effectiveness in management. As they expand their footprint in the industrial sector, STAG remains a promising entity for investors and stakeholders alike. It is positioned favorably in a market that, according to the CEO, is set for ongoing improvement in industrial fundamentals.