Welcome to our dedicated page for Stag Indl news (Ticker: STAG), a resource for investors and traders seeking the latest updates and insights on Stag Indl stock.
Stag Industrial Inc (STAG) is a real estate investment trust specializing in industrial properties, including warehouses and distribution centers across key U.S. markets. This page serves as a comprehensive resource for investors and industry professionals seeking timely updates on the company's financial performance and strategic direction.
Access official press releases, earnings reports, and analysis of STAG's property acquisitions and portfolio expansions. Our curated collection focuses on operational developments, lease agreements, and market positioning within the industrial REIT sector.
Key updates include quarterly financial results, strategic partnerships, and insights into the company's risk assessment methodology for property investments. Content is organized to provide clarity on how STAG maintains its focus on single-tenant assets while adapting to evolving logistics real estate demands.
Bookmark this page for direct access to verified information about Stag Industrial's growth initiatives and industry leadership. Check back regularly for neutral, factual reporting designed to support informed decision-making in commercial real estate investments.
STAG Industrial reported financial results for Q1 2023, showcasing net income of $49.4 million, or $0.28 per share, down from $52.8 million and $0.30 per share in Q1 2022. Core FFO increased by 3.8% to $0.55 per diluted share. The company achieved a Cash NOI of $132.6 million, representing a 7.8% growth year-over-year. Occupancy rates remained strong at 97.6% across the portfolio. STAG sold two properties totaling 407,710 square feet for $37.2 million.
Despite challenges in capital markets, STAG expects continued demand driven by supply chain changes, projecting 30.6% cash rent change for new and renewal leases. The company has completed 78.2% of its anticipated leasing for 2023.
On April 11, 2023, STAG Industrial announced the maintenance of its monthly common stock dividend at
- April Record Date: April 28, Payment Date: May 15
- May Record Date: May 31, Payment Date: June 15
- June Record Date: June 30, Payment Date: July 17
STAG Industrial is focused on acquiring and operating industrial properties in the United States, with a portfolio of 562 buildings and approximately 111.7 million rentable square feet as of December 31, 2022. Investors should note the company's consistent dividend, reflecting confidence in its financial footing.
STAG Industrial, Inc. (NYSE:STAG) announced plans to release its first quarter 2023 operating and financial results after the market closes on April 26, 2023. A conference call will follow on April 27, 2023, at 10:00 a.m. Eastern Time. Investors can participate via phone by dialing (877) 407-4018 for U.S. callers or (201) 689-8471 for international. A replay will be available using the code 13737415. Additionally, a simultaneous webcast will be available on the company’s website. As of December 31, 2022, STAG owned 562 buildings across 41 states, comprising approximately 111.7 million rentable square feet.
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