CORRECTED-STAG Industrial Q2 core FFO per share rises 3.2%

Corrects metric label in table: to Net income attributable to common stockholders, from Net income; fixes label, figure to Core FFO of $0.65 from Adjusted FFO of $0.66

Overview

• U.S. industrial REIT's Q2 net income rose 5.8% yr/yr

• Core FFO per diluted share for Q2 increased 3.2% yr/yr

• Company acquired seven buildings for $287.1 mln and maintained 94.5% occupancy

Outlook

• STAG Industrial says industrial fundamentals are stabilizing entering the second half of 2026

• Company reports an active acquisition pipeline totaling 35.1 million square feet, valued at $4.0 bln

• STAG Industrial says it has addressed 91.7% of expected 2026 new and renewal leasing

Result Drivers

• ACQUISITIONS - Co acquired seven fully occupied buildings totaling 2.6 mln sq ft for $287.1 mln in Q2

• RENT GROWTH - Commenced leases in Q2 saw a 19.8% cash rent increase and 33.7% straight-line rent increase

• HIGH OCCUPANCY AND RETENTION - Maintained 94.5% occupancy and achieved 75.7% retention on expiring leases

Company press release: ID:nPn5H2rfNa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the commercial reits peer group is "buy."

• Wall Street's median 12-month price target for STAG Industrial Inc is $42.00, about 3.3% above its July 27 closing price of $40.64

• The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 34 three months ago

Reuters Recommended Reads

• July 27 - Welltower raises 2026 FFO forecast on senior housing demand

• July 27 - UDR Q2 net income per share rises on leasing strength

• July 27 - Sun Communities Q2 core FFO rises, lifts NOI outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)