STAG Industrial Inc

STAG Industrial, Inc. delivered a clean beat across the board in Q2 2026, with earnings per share of $0.28 edging past the $0.27 consensus by 3.63% and revenue of $224.37 million topping estimates by 0.14%, marking the company's fourth consecutive quarter of beating EPS expectations. Total revenue climbed 8.1% year over year from $207.59 million, powered primarily by rental income growth as the industrial REIT continued expanding its portfolio through aggressive acquisition activity, adding seven buildings totaling 2.6 million square feet for $287.14 million at a weighted average cash capitalization rate of 6.1% during the quarter. Core FFO per diluted share rose 3.2% to $0.65, while same store cash NOI grew 3.4% to $158.81 million, reflecting steady underlying demand across STAG's single-tenant warehouse portfolio. Operating occupancy held at 95.5%, and leasing momentum remained firm, with 5.6 million square feet commenced at a cash rent change of 19.8%. Post-quarter debt refinancing, consolidating existing term loans into a single $350 million facility maturing in 2032, further positions the balance sheet for continued growth.