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Stag Industrial (STAG)
NYSE:STAG
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.49Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple operating and financial successes: above-plan same-store NOI and FFO growth, strong leasing spreads and activity, active accretive acquisitions, development progress, reduced overall new supply, a meaningful dividend increase, and solid liquidity. Counterbalancing these positives are near-term occupancy risk from ~20M sq ft of lease rollovers (with a budgeted ~25% nonrenewal), some regional weaknesses (Southeast ports), a modest interest-expense headwind (~$0.03/sh), and elevated leverage expectations (~5.25x if plans proceed). On balance the company presented clear momentum, conservative budgeting for lease-up risk, and a healthy balance sheet and pipeline, with manageable headwinds identified for 2026.Company Guidance
Core FFO and Earnings Growth
Core FFO per share of $0.66 in Q4 and $2.55 for FY2025, representing a 6.3% increase versus 2024; Q4 included ~$0.10 of one-time items to core FFO per share.
Same-Store Cash NOI Outperformance
Same-store cash NOI growth of 5.4% in Q4 and 4.3% for the full year 2025, exceeding budgeted targets.
Strong Leasing Performance and Spreads
Commenced 31 leases totaling ~3.0M sq ft in Q4; FY2025 cash leasing spreads of 24% and straight-line spreads of 38.2%. Q4 cash leasing spreads were 16.3% (20% excluding fixed-rate renewals).
Active and Accretive Acquisition Activity
Q4 acquisitions of $285.9M (seven buildings) at ~6.47% cash cap rates; subsequent acquisition of $80.6M at a 6.1% cash cap rate; acquisition guidance for 2026 is $350M–$650M at 6.25%–6.75%.
Development Momentum
3.5M sq ft of development activity or recent completions across 14 buildings (59% completed), with completed developments 73% leased as of 12/31; new 186k sq ft development commenced with projected cash yield 7.2% and a subsequent 78k sq ft Charlotte lease (building 39% leased).
Improving Supply Backdrop
Industrial deliveries down ~35% vs 2024; company expects ≤180M sq ft deliveries in 2026 and anticipates national vacancy to peak in H1 2026 with an inflection in H2 2026.
Balance Sheet and Liquidity
Year-end net debt to annualized run-rate adjusted EBITDA 5.0x with liquidity of $750M; settled $157.4M of forward ATM proceeds in December 2025.
Shareholder Return Actions
Raised the dividend 4% post-year-end (largest raise since 2014) and changed dividend cadence from monthly to quarterly; retained north of $100M of cash flow after dividend to fund growth.
2026 Initial Guidance
Initiated 2026 core FFO per share guidance of $2.60–$2.64; same-store cash NOI growth guidance 2.75%–3.25%; projected cash leasing spreads 18%–20%; expected average same-store occupancy 96%–97%; retention guidance 70%–80%.
STAG Earnings History
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 |
|---|---|---|---|
Feb 11, 2026 | $39.23 | $37.28 | -4.97% |
Oct 29, 2025 | $37.40 | $38.29 | +2.39% |
Jul 29, 2025 | $35.16 | $34.34 | -2.32% |
Apr 29, 2025 | $31.95 | $32.25 | +0.96% |
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 May 05, 2026, After Close (Confirmed).
What is Stag Industrial (STAG) earnings time?
Stag Industrial (STAG) earnings time is at May 05, 2026, 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 2026 (Q1) is 0.23.