STAG Industrial, Inc. announced its financial results for the three months ended September 30, 2026. The company reported net income attributable to common stockholders of $70.7 million, representing a 45.4% increase compared to the same period in 2025. This resulted in net income per basic and diluted share of $0.37, up from $0.26 in the prior year.
On a non-GAAP basis, the company reported Core FFO of $129.8 million for the quarter, a 4.1% increase year-over-year. Core FFO per diluted share was $0.66, a 1.5% increase from the third quarter of 2025. The company also reported Same Store Cash NOI of $159.9 million, an increase of 3.5% compared to the prior year.
During the quarter, STAG Industrial acquired two buildings totaling 1.1 million square feet for $107.9 million. The company also sold four buildings totaling 1.1 million square feet for $67.9 million. As of September 30, 2026, the company’s total portfolio occupancy rate was 95.9%, and its Operating Portfolio occupancy rate was 96.2%.
In terms of capital markets activity, the company refinanced $350 million in term loans, extending the maturity date to January 16, 2032. The new loan carries a fixed interest rate of 3.53% until March 2027 and 4.79% thereafter. The company also received a 'BBB' investment grade credit rating from S&P Global Ratings on August 6, 2026, with a stable outlook.
On October 26, 2026, the company’s Board of Directors declared a quarterly dividend of $0.3875 per share for the fourth quarter of 2026, payable on January 15, 2027. The Board also authorized a new share repurchase program allowing the company to repurchase up to $250 million of common stock.
