Companies /Real Estate

STAG Industrial Inc

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

Q4 2025 Earnings

Reported Feb 11, 2026, 4:07pm ET · SEC source
$0.44
Beat +83.33%
EPS · est. $0.24
$220.9M
Beat +4.57%
Revenue · est. $211.2M
+5.1%
Beating market
STAG vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−4%−2%0Feb 11Feb 12report 4:07pm ETearnings−1.4%−5.0%
−6%−4%−2%0Feb 11Feb 12earnings−1.4%−5.0%
STAG −5.0%S&P 500 −1.4%
−6%−4%−2%0Feb 11Feb 12report 4:07pm ETearnings−1.8%−5.0%
−6%−4%−2%0Feb 11Feb 12earnings−1.8%−5.0%
STAG −5.0%NASDAQ −1.8%
−6%−4%−2%0Feb 10Feb 19report 4:07pm ETearnings−1.2%−1.8%
−6%−4%−2%0Feb 10Feb 19earnings−1.2%−1.8%
STAG −1.8%S&P 500 −1.2%
−6%−4%−2%0Feb 10Feb 19report 4:07pm ETearnings−1.7%−1.8%
−6%−4%−2%0Feb 10Feb 19earnings−1.7%−1.8%
STAG −1.8%NASDAQ −1.7%
−4.97%
Day of report
+2.09%
Next session
+6.04%
One week
+3.59%
30 days

S&P 500 over the same 30 days: −1.54%.

Did STAG Beat Earnings? Q4 2025 Results

STAG Industrial closed out 2025 with a standout fourth quarter, reporting earnings per diluted share of $0.44 against a consensus estimate of $0.22, a 100.00% beat, while revenue climbed 10.8% year-over-year to $220.90 million, clearing analyst expectations of $212.23 million. The driving force behind the outperformance was a powerful combination of leasing momentum and strategic capital activity; Q4 Cash Rent Change on commenced leases reached 16.3% across 3.0 million square feet, while a $35.95 million gain on sales of rental property provided a meaningful lift to net income, which surged 63.9% year-over-year to $83.43 million. Core FFO, the more closely watched REIT metric, rose 11.4% to $126.50 million, or $0.66 per diluted share. The operating portfolio held firm at 97.2% occupancy, reflecting healthy demand for the company's industrial assets. Looking ahead, STAG has already addressed 69.2% of its expected 2026 leasing at a 20.0% Cash Rent Change, and its acquisition pipeline stands at $3.60 billion across 169 buildings, signaling continued growth ambitions despite recent insider share sales following the quarterly report.

Key Takeaways
  • Heightened leasing activity with 14.4 million square feet commenced across 121 leases for the full year
  • Same Store Cash NOI growth of 5.4% in Q4 and 4.3% for full year 2025
  • Strong Cash Rent Change of 16.3% on Q4 leases and 24.0% for full year
  • Core FFO per diluted share growth of 8.2% year-over-year in Q4
  • Gain on sales of rental property of $35.9 million in Q4
  • Operating Portfolio occupancy rate of 97.2%

“The Company generated strong operating results driven by heightened leasing activity, prudent capital allocation, and healthy Same Store Cash NOI growth. Our continued focus on financial and operational discipline provides a solid foundation for STAG in 2026.”

STAG Industrial CEO, on the earnings call

Forward Guidance & Outlook

The company has addressed 69.2% of expected 2026 new and renewal leasing consisting of 12.4 million square feet, achieving a Cash Rent Change of 20.0%. Subsequent to quarter end, the company acquired one building of 748,833 square feet for approximately $80.6 million and signed a lease totaling 78,414 square feet at its development project in Concord, North Carolina. The acquisition pipeline stood at $3.6 billion across 169 buildings as of February 10, 2026.

STAG YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$70.0M$140.0M$210.0M$199.3M$220.9MRevenue$159.1M$175.3MGross Profit$72.8M$83.6MOperating Income$51.0M$85.2MNet Income
$0$70.0M$140.0M$210.0MRevenueGross ProfitOperating IncomeNet Income

STAG Revenue by Segment

Rental Income$220.2M
Other Income$682,000

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