Stag Industrial Inc ( (STAG) ) has released its Q4 earnings. Here is a breakdown of the information Stag Industrial Inc presented to its investors.
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Stag Industrial Inc., a real estate investment trust, specializes in acquiring and operating single-tenant industrial properties across the United States, focusing on providing a balanced approach to investment through a diverse portfolio of properties.
Stag Industrial Inc. reported a strong performance for both the fourth quarter and the full year of 2024, marked by significant acquisition activity and robust operating results. The company highlighted a positive end to the year with increased productivity and efficiency across its acquisition, operating, and development platforms.
Key financial metrics showed notable improvements, with net income per common share increasing to $0.28 for the fourth quarter, up from $0.23 in the same period of 2023. Core Funds From Operations (FFO) per diluted share rose to $0.61 for the quarter, reflecting a 5.2% increase. The Cash Net Operating Income (NOI) for the fourth quarter reached $155.5 million, an 8.6% rise from the previous year. Additionally, the occupancy rate remained strong at 96.5%, and the company acquired 15 buildings and one vacant land parcel during the quarter.
Strategically, Stag Industrial Inc. completed several acquisitions and disposals to optimize its portfolio, acquiring buildings worth $293.7 million and selling two buildings for $29.4 million. The company also successfully addressed 70.2% of its expected 2025 leasing needs, achieving a cash rent change of 23.8%.
Looking ahead, Stag Industrial Inc. is poised for continued growth in 2025 as it focuses on enhancing operational efficiency and expanding its portfolio. The company remains committed to delivering strong performance and shareholder value through strategic acquisitions and effective portfolio management.
