The earnings call presented a predominantly positive outlook with strong leasing activity and development progress, supported by an improved credit rating. However, challenges such as market volatility and slow transaction markets were noted. The positive aspects significantly outweigh the challenges, indicating a robust performance outlook for the near future.

Company Guidance

During the STAG Industrial Second Quarter 2025 Earnings Conference Call, the company provided several key metrics and updated guidance. The operating portfolio achieved a 90.8% leasing rate for 2025, with cash leasing spreads at 24.5%. The development portfolio includes approximately 3 million square feet, with 42% under construction and 58% delivered, currently 69% leased. Core FFO per share increased by 3.3% compared to the previous year, reaching $0.63 for the quarter. Retention for the quarter was 75.3%, and same-store cash NOI growth was 3% for the quarter, 3.2% year-to-date. The company's leverage remains low with a net debt to annualized run rate adjusted EBITDA of 5.1x, and liquidity stood at $961 million. Guidance updates include a revision of core FFO per share to a range of $2.48 to $2.52, increased same-store cash guidance to 3.75%-4%, and reduced credit loss guidance to 50 basis points. The recent acquisition included an 183,000 square foot building in Milwaukee, acquired at a cash cap rate of 7.1%, while one non-core building was sold in Calhoun, Georgia, at a 7.4% cash cap rate and an unlevered IRR of 14%.

Strong Leasing Activity

Leased 90.8% of the operating portfolio square feet expected for 2025, achieving cash leasing spreads of 24.5%. A total of 4.2 million square feet of leases commenced, generating cash and straight-line leasing spreads of 24.6% and 41.1%, respectively.

Development Progress

Approximately 3 million square feet of development activity across 12 buildings, with 42% under construction and 58% delivered and 69% leased. A notable project includes a 500,000 square foot warehouse in Louisville, Kentucky, estimated to cost $47 million.

Credit Rating Upgrade

Moody's Investor Services raised STAG's corporate credit rating to Baa2 with a stable outlook, reflecting the strength of the platform and balance sheet.

Financial Performance

Core FFO per share increased by 3.3% to $0.63 compared to last year. Liquidity stood at $961 million, with a net debt to annualized run rate adjusted EBITDA of 5.1x.

Improved Guidance

Increased guidance for cash same-store growth to 3.75%-4% and core FFO per share guidance to $2.48-$2.52. Credit loss guidance reduced due to resolution of previous credit situations.

Stag Industrial (STAG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

STAG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.22 / -	0.23	―	―	―
Jul 29, 2025	2025 (Q2)	0.22 / 0.27	0.33	-18.18% (-0.06)
Apr 29, 2025	2025 (Q1)	0.19 / 0.49	0.2	145.00% (+0.29)
Feb 12, 2025	2024 (Q4)	0.20 / 0.28	0.23	21.74% (+0.05)
Oct 29, 2024	2024 (Q3)	0.17 / 0.23	0.28	-17.86% (-0.05)
Jul 30, 2024	2024 (Q2)	0.20 / 0.33	0.29	13.79% (+0.04)
Apr 30, 2024	2024 (Q1)	0.19 / 0.20	0.28	-28.57% (-0.08)
Feb 13, 2024	2023 (Q4)	0.18 / 0.23	0.17	35.29% (+0.06)
Oct 26, 2023	2023 (Q3)	0.18 / 0.28	0.35	-20.00% (-0.07)
Jul 26, 2023	2023 (Q2)	0.17 / 0.29	0.18	61.11% (+0.11)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

STAG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$35.51	$34.69	-2.31%
Apr 29, 2025	$32.27	$32.58	+0.96%
Feb 12, 2025	$34.19	$34.49	+0.88%
Oct 29, 2024	$35.67	$36.37	+1.96%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Stag Industrial (STAG) report earnings?

Stag Industrial (STAG) is schdueled to report earning on Oct 23, 2025, After Close (Confirmed).

What is Stag Industrial (STAG) earnings time?

Stag Industrial (STAG) earnings time is at Oct 23, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is STAG EPS forecast?

STAG EPS forecast for the fiscal quarter 2025 (Q3) is 0.22.

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