STAG Industrial Reports Q3 2026 Net Income of $70.7 Million

What happened

STAG Industrial reported third-quarter 2026 revenue of $231.0 million and net income attributable to common stockholders of $70.7 million. Diluted net income per share was $0.37, and Core FFO per diluted share was $0.66.

Confirmed

Global impact / market context

Higher revenue and net income show STAG is collecting more rent and keeping more profit, which supports its ability to pay distributions. Nearly full occupancy and strong lease renewals suggest steady tenant demand, reducing the risk of empty buildings lowering cash available.

Analyst inference

Industrial real estate landlords like STAG depend on leasing space and renewing tenants to grow cash flow. The reported 3.5% same-store cash NOI growth is a modest increase in property-level cash earnings, while buying and selling equal square footage shows STAG recycling capital, meaning shifting money between properties.

Analyst inference

What to watch

1. Watch whether STAG sustains its 95.9% portfolio occupancy and 96.2% operating portfolio occupancy, since empty space directly reduces rental revenue and cash available for distributions. Confirmed
2. Track leasing of the 3.6 million square feet commenced and whether renewal terms hold near the 90.3% retention rate, because weaker renewals would raise costs to find new tenants. Proposed
3. Monitor whether same-store cash NOI growth of 3.5% continues, since slower property-level cash earnings growth could pressure STAG's ability to raise distributions and fund acquisitions without more borrowed money. Analyst inference

Evidence

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