STAG Industrial Q1 core FFO per share rises on healthy leasing activity

STAG Industrial

28/04/2026 21:15

Overview

U.S. industrial REIT's Q1 net income and EPS declined sharply yr/yr

Core FFO per share for Q1 rose 6.6% yr/yr

Company cites healthy leasing activity and disciplined capital allocation for Q1 results

Outlook

Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers

LEASING ACTIVITY - Co said strong leasing activity, including 6.0 mln sq ft of commenced leases with cash rent change of 20.9%, contributed to Q1 results

PORTFOLIO MANAGEMENT - Co completed one acquisition and one disposition in Q1, supporting capital allocation strategy

OCCUPANCY - Maintained high occupancy rates, with 95.1% on total portfolio and 96.0% on operating portfolio as of March 31, 2026

Company press release: ID:nPn1Ry7yFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.32
Q1 Net Income
$61.96 mln
Q1 Adjusted FFO
$126.58 mln
Q1 Adjusted FFO Per Share
$0.65
Q1 Basic EPS
$0.32


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "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 $41.50, about 5.1% above its April 27 closing price of $39.48

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 35 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)