Companies /Real Estate

STAG Industrial Inc

NYSE: STAG Reit - Industrial
$37.60
▲ $0.11 (+0.29%) today
Markets closed · 2:26am ET

Q3 2025 Earnings

Reported Oct 29, 2025, 4:07pm ET · SEC source
$0.26
Beat +1.36%
EPS · est. $0.26
$211.1M
Beat +0.41%
Revenue · est. $210.3M
+0.4%
Beating market
STAG vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%Oct 29Oct 30report 4:07pm ETearnings−0.9%+2.4%
0+2%Oct 29Oct 30earnings−0.9%+2.4%
STAG +2.4%S&P 500 −0.9%
−2%0+2%Oct 29Oct 30report 4:07pm ETearnings−1.3%+2.4%
−2%0+2%Oct 29Oct 30earnings−1.3%+2.4%
STAG +2.4%NASDAQ −1.3%
−2%0+2%Oct 28Nov 6report 4:07pm ETearnings−2.1%+2.5%
−2%0+2%Oct 28Nov 6earnings−2.1%+2.5%
STAG +2.5%S&P 500 −2.1%
−3%0+3%Oct 28Nov 6report 4:07pm ETearnings−3.4%+2.5%
−3%0+3%Oct 28Nov 6earnings−3.4%+2.5%
STAG +2.5%NASDAQ −3.4%
+2.39%
Day of report
−0.70%
Next session
+0.13%
One week
+0.60%
30 days

S&P 500 over the same 30 days: +0.25%.

Did STAG Beat Earnings? Q3 2025 Results

STAG Industrial delivered a clean beat across the board in the third quarter of 2025, with earnings per share of $0.26 edging past the $0.26 consensus by 1.36% and total revenue of $211.12 million topping estimates by 0.41% on the back of 10.7% year-over-year growth. The industrial REIT's performance was anchored by surging rental income of $210.00 million and a 27.2% cash rent change on 2.2 million square feet of leases commenced during the quarter, underscoring persistent pricing power across its single-tenant warehouse portfolio. Core FFO per diluted share climbed to $0.65, up 8.3% from a year ago, while Adjusted EBITDAre expanded 9.9% to $152.54 million. Institutional investors have been taking notice, with multiple funds adjusting positions in the REIT heading into the print. Looking ahead, STAG has already addressed 98.7% of its expected 2025 leasing activity at a 23.9% cash rent change, and has locked in 52.0% of anticipated 2026 volume, supporting continued confidence in the company's growth trajectory.

Key Takeaways
  • Same Store Cash NOI growth of 3.9% year-over-year
  • Core FFO per diluted share growth of 8.3% year-over-year
  • Strong leasing spreads with 27.2% Cash Rent Change on commenced leases
  • Acquisition activity of $101.5 million in Q3 at 6.6% cash cap rate
  • Operating Portfolio occupancy of 96.8%
  • Rental income growth to $210.0 million from $190.3 million year-over-year

“STAG's strong performance through the third quarter reflects the stability of our portfolio and the continued health of our markets. With disciplined execution and improving leasing momentum, we expect to deliver another year of meaningful growth and long-term value creation.”

STAG Industrial CEO, on the earnings call

Forward Guidance & Outlook

STAG expects to deliver another year of meaningful growth and long-term value creation, supported by disciplined execution and improving leasing momentum. As of October 28, 2025, the company has addressed 98.7% of expected 2025 new and renewal leasing (14.0 million square feet) at 23.9% Cash Rent Change, and 52.0% of expected 2026 leasing (9.5 million square feet) at 21.8% Cash Rent Change. The acquisition pipeline stood at $3.6 billion encompassing 169 buildings.

STAG YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$60.0M$120.0M$180.0M$190.7M$211.1MRevenue$41.9M$49.6MNet Income$68.2M$80.3MOperating Income
$0$60.0M$120.0M$180.0MRevenueNet IncomeOperating Income

STAG Revenue by Segment

Rental Income
Other Income

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