Stag Industrial (STAG)
NYSE:STAG
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.27Last Year’s EPS
0.27Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operating and financial picture: strong leasing velocity (6.0M sq ft), healthy leasing spreads, Core FFO growth (+6.6%), ample liquidity ($806M), a growing $3.9B pipeline, and solid development yields (7.1% stabilized, 7.4% yield on cost for the Dallas site). Headwinds were modest and largely tactical — occupancy pressures from late-quarter nonrenewals (expected to trough in Q2), near-term lease-up timing (9–12 months), slightly sub-midpoint retention (69.5%) and a few softer local markets (San Diego, Memphis, Pittsburgh). Management maintained full-year guidance across key metrics, signaling confidence. Overall, positive operational momentum and balance-sheet strength outweigh the transitory occupancy and market nuances.Company Guidance
Core FFO Growth
Core FFO per share of $0.65 for Q1 2026, an increase of 6.6% year-over-year.
Record Leasing Volume
Commenced 37 leases covering 6.0 million square feet in the quarter — a quarterly record for STAG's operating portfolio.
Strong Leasing Spreads
Generated cash leasing spreads of 20.9% and straight-line leasing spreads of 39.6% on the quarter; maintaining guidance for cash leasing spreads of 18%–20% for 2026.
Data Center-Related Demand
Signed 8 leases totaling 1.6 million square feet to data center-related tenants (since early 2025), with weighted average lease term of just over 8 years and leasing spreads of ~35% on that volume.
Same-Store NOI Growth
Same-store cash NOI grew 4.1% in Q1 2026.
Low Leverage and Strong Liquidity
Net debt to annualized run-rate adjusted EBITDA equal to 5 (low leverage); liquidity of $806 million at quarter end.
Robust Acquisition and Development Activity
Internal transaction pipeline increased to $3.9 billion. Acquired a 750,000 sq ft Class A building in Platte City, MO for $80.7 million at a reported cap rate of 6.1% (100% leased, 12-year term, 3.2% annual escalators). Development pipeline includes 7 buildings (1.8 million sq ft) with expected stabilized yield of 7.1%.
Committed Land/Development Opportunity
Acquired land in Dallas to support ~340,000 sq ft build (sourced internally) with expected yield on cost of 7.4% and a committed build-to-suit tenant; exemplifies balance-sheet development execution.
Portfolio Escalators Trending Up
Weighted average contractual escalator across the portfolio is ~2.9%, and newly signed leases are averaging ~3%–3.5% (roughly 3.25%), implying upward pressure on embedded escalators over time.
Minimal Credit Losses and Market Liquidity
Credit loss was minimal in Q1; capital markets described as stable and industrial product remains highly liquid with increased transaction momentum.
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 |
|---|---|---|---|
Apr 28, 2026 | $39.56 | $38.09 | -3.72% |
Feb 11, 2026 | $38.81 | $36.88 | -4.97% |
Oct 29, 2025 | $36.88 | $37.76 | +2.39% |
Jul 29, 2025 | $34.67 | $33.86 | -2.32% |
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 Jul 29, 2026, After Close (Confirmed).
What is Stag Industrial (STAG) earnings time?
Stag Industrial (STAG) earnings time is at Jul 29, 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 (Q2) is 0.27.