Companies /Real Estate
STAG Industrial Inc
NYSE: STAG Reit - Industrial
$37.27
▲ $0.96 (+2.64%) today
Markets closed · 5:40am ET

STAG Industrial (STAG) Q3 2026 Earnings

Reported Oct 27, 2026, 4:07pm ET · SEC source
$0.37
Beat +28.43%
EPS · est. $0.29 GAAP

Includes $24.2 million gain on sales of rental property, net, and $1.6 million debt extinguishment and modification expenses

$231.0M
Beat +1.66%
Revenue · est. $227.3M
7 quarters
Consecutive EPS beats

How Did STAG Stock React to Q3 2026 Earnings?

% change · around the report
−1.4%−0.7%0+0.7%Oct 27Oct 28report 4:07pm ETearnings+0.4%−0.5%
−1.4%−0.7%0+0.7%Oct 27Oct 28earnings+0.4%−0.5%
STAG −0.5%S&P 500 +0.4%
−1.4%−0.7%0+0.7%Oct 27Oct 28report 4:07pm ETearnings+0.8%−0.5%
−1.4%−0.7%0+0.7%Oct 27Oct 28earnings+0.8%−0.5%
STAG −0.5%NASDAQ +0.8%
0+2%Oct 26Oct 29report 4:07pm ETearnings−0.6%+2.1%
0+2%Oct 26Oct 29earnings−0.6%+2.1%
STAG +2.1%S&P 500 −0.6%
−2%0+2%Oct 26Oct 29report 4:07pm ETearnings−2.0%+2.1%
−2%0+2%Oct 26Oct 29earnings−2.0%+2.1%
STAG +2.1%NASDAQ −2.0%
+0.36%
Day of report
+2.64%
Next session

Did STAG Beat Earnings? Q3 2026 Results

Yes. STAG Industrial reported Q3 2026 earnings of $0.37 a share on Oct 27, 2026, beating the $0.29 consensus estimate by 28.4%. Revenue was $231.0M against a $227.3M estimate.

STAG Industrial delivered a strong third-quarter beat on Monday, with the <a href="https://247wallst.com/investing/2026/10/01/3-dividend-reits-built-around-warehouses-america-cannot-stop-building/">industrial REIT</a> posting GAAP earnings of $0.37 per diluted share, well ahead of the $0.29 consensus, marking the company's sixth consecutive quarter of beating EPS estimates. The GAAP figure includes a $24.2 million gain on sales of rental property and $1.6 million in debt extinguishment and modification expenses tied to a $350 million term loan refinancing. Revenue climbed 9.4% year over year to $231.04 million, edging past the $227.27 million analyst estimate by 1.66%, as portfolio growth and robust leasing activity drove broad-based gains. Core FFO per diluted share, the metric most closely watched in the REIT sector, grew 1.5% to $0.66, while same store cash NOI rose 3.5% to $159.87 million, reflecting healthy organic rent growth. With a $4.0 billion acquisition pipeline, $546 million in liquidity, and a freshly minted investment-grade credit rating from S&P, CEO Bill Crooker expressed confidence in sustaining operational momentum through the remainder of the year.

Key Takeaways
  • Same Store Cash NOI growth of 3.5% year-over-year to $159.9 million
  • Strong leasing spreads with 23.8% Cash Rent Change and 35.7% Straight-Line Rent Change on 3.6 million sq ft commenced
  • 90.3% tenant retention rate on expiring leases
  • Portfolio occupancy of 95.9% total and 96.2% Operating Portfolio
  • Cash NOI grew 10.1% year-over-year to $178.7 million driven by portfolio growth

“The third quarter built on our leasing and development progress from the first half of the year, aided by a continued improvement in industrial fundamentals.”

STAG Industrial CEO, on the earnings call

What Is STAG Industrial's Outlook?

CEO Bill Crooker stated the company expects to deliver another strong operational year while maintaining a healthy balance sheet. The company has a $4.0 billion acquisition pipeline as of October 26, 2026, and completed one subsequent acquisition of 710,400 square feet for $55.0 million after quarter end. The company has $70 million of unsettled forward equity proceeds available and $546 million in total liquidity.

STAG YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$70.0M$140.0M$210.0M$211.1M$231.0MRevenue$48.6M$72.2MNet Income$80.3M$88.6MOperating Income
$0$70.0M$140.0M$210.0MRevenueNet IncomeOperating Income
STAG income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $231.0M $211.1M +9.4%
Net Income $72.2M $48.6M +48.5%
Operating Income $88.6M $80.3M +10.4%

STAG Revenue by Segment

Rental Income
Other Income

Figures from SEC filings and company reports. Not investment advice.