Earnings ·
STAG Industrial reports Q3 EPS of $0.37 and declares $0.3875 quarterly dividend
STAGSTAG Industrial, Inc.
STAG Industrial reported third-quarter net income attributable to common stockholders of $70.7 million, or $0.37 per share, up from $48.6 million in the prior year period. Core FFO per diluted share rose 1.5% to $0.66, while Same Store Cash NOI increased 3.5% to $159.9 million. The company acquired two buildings for $107.9 million and sold four properties for $67.9 million during the quarter. Additionally, the Board authorized a fourth-quarter cash dividend of $0.3875 per share payable January 15, 2027, and approved a new $250 million share repurchase program. STAG Industrial is an industrial real estate investment trust that owns and operates single-tenant warehouse properties.