Every material Form 8-K STAG Industrial has filed with the SEC since April 30, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
STAG Industrial and its operating partnership signed amendments on October 27, 2026, to three note purchase agreements covering senior unsecured notes. The amendments allow the release of the company's property-owning subsidiaries from their guaranties if, among other conditions, those subsidiaries no longer guarantee other debt. The filing states that the other material terms of the note agreements are unchanged, so the change is administrative in nature and does not add new borrowing.
Amendments dated October 27, 2026 cover note purchase agreements from 2014, 2018 and 2021.
Notes covered include $80 million and $20 million of 4.42% notes due 2026 and 2027, $100 million of 4.27% notes due 2028, $275.0 million of 2.80% notes due 2031, and $50.0 million of 2.95% notes due 2033.
Property-owning subsidiaries may be released from guaranties if they no longer guarantee other indebtedness.
All other material terms of the note purchase agreements remain unchanged.
STAG Industrial reported third-quarter 2026 net income attributable to common stockholders of $70.7 million, or $0.37 per share, up from $48.6 million, or $0.26 per share, a year earlier. Core FFO per diluted share rose 1.5% to $0.66, and same store cash NOI increased 3.5% to $159.9 million, while nine-month net income declined 2.3% to $185.5 million. The company also authorized a new share repurchase program of up to $250 million and a fourth-quarter dividend of $0.3875 per share.
Q3 2026 net income attributable to common stockholders was $70.7 million ($0.37 per diluted share), versus $48.6 million ($0.26) in Q3 2025
Core FFO per diluted share was $0.66, up 1.5% from $0.65; nine-month net income per share was $0.97 versus $1.02
Same store cash NOI rose 3.5% to $159.9 million; the Operating Portfolio occupancy rate was 96.2% as of September 30, 2026
On October 26, 2026, the board authorized a $250 million share repurchase program with no expiration date and a $0.3875 quarterly dividend payable January 15, 2027
STAG Industrial reported second quarter 2026 net income attributable to common stockholders of $52.9 million, up 5.8% from $50.0 million a year earlier, and Core FFO of $0.65 per diluted share, up 3.2% from $0.63. Same Store Cash NOI rose 3.4% to $158.8 million, and the company acquired seven buildings for $287.1 million in the quarter. For the six months, net income attributable to common stockholders fell 18.7% to $114.8 million, so shareholders see improved quarterly results alongside a lower year-to-date profit figure.
Q2 2026 diluted net income per share was $0.28, versus $0.27 in Q2 2025; net income attributable to common stockholders was $52.9 million, versus $50.0 million.
Core FFO per diluted share was $0.65, versus $0.63; Same Store Cash NOI was $158.8 million, up 3.4%.
Six-month net income attributable to common stockholders was $114.8 million, down 18.7% from $141.3 million; six-month diluted EPS was $0.60, versus $0.76.
The Board declared a third quarter 2026 dividend of $0.3875 per share, payable October 15, 2026, to holders of record as of September 30, 2026.
STAG Industrial and its operating partnership entered into an amended term loan agreement dated July 16, 2026, combining its $150 million Unsecured Term Loan A and $200 million Unsecured Term Loan F into one $350 million senior unsecured loan. The new loan matures January 16, 2032, and its spread is reduced by five basis points. The company also amended its $1.0 billion unsecured credit facility and three term loans to cut their spreads by five basis points, with the filing stating the other terms are unchanged.
Unsecured Term Loan A ($150 million, due March 15, 2027) and Unsecured Term Loan F ($200 million, due March 25, 2029, assuming extensions) were combined into one $350 million loan maturing January 16, 2032.
The spread on the combined loan and on the $1.0 billion unsecured credit facility and Unsecured Term Loans G, H and I was reduced by five basis points, with the spread still tied to debt rating and leverage ratio.
As of July 20, 2026, $150 million was swapped to 2.01% until March 15, 2027, then 4.79% until January 16, 2032; $200 million was swapped to 4.68% until March 25, 2027, then 4.79% until January 16, 2032.
The amendments were signed on July 16, 2026, with Wells Fargo Bank, National Association, and other lenders.
STAG Industrial reported first quarter 2026 results. Net income attributable to common stockholders fell 32.2% to $62.0 million, or $0.32 per share, from $91.3 million, or $0.49 per share, a year earlier, while total revenue rose to $224.2 million from $205.6 million and Core FFO per diluted share rose 6.6% to $0.65. The company also declared a $0.3875 per share dividend for the second quarter of 2026.
Net income attributable to common stockholders: $62.0 million ($0.32 per share), down from $91.3 million ($0.49 per share) in Q1 2025
Core FFO per diluted share: $0.65, up 6.6% from $0.61; Same Store Cash NOI rose 4.1% to $159.3 million
Total revenue: $224.2 million, up from $205.6 million; gain on sales of rental property was $15.1 million versus $49.9 million a year earlier
Board declared a $0.3875 per share dividend for Q2 2026, payable July 15, 2026, to holders of record as of June 30, 2026
STAG Industrial reported fourth-quarter 2025 net income attributable to common stockholders of $83.4 million, or $0.44 per diluted share, up from $0.28 a year earlier. Core FFO per diluted share rose 8.2% to $0.66, and full-year Core FFO per diluted share rose 6.3% to $2.55. The filing contains no new financial guidance, so these results are the main data for shareholders.
Q4 2025 net income attributable to common stockholders was $83.4 million, or $0.44 per diluted share, versus $50.9 million, or $0.28, in Q4 2024.
Full-year 2025 Core FFO per diluted share was $2.55, up 6.3% from $2.40 in 2024.
Same Store Cash NOI rose 5.4% to $148.5 million in Q4 2025 from $140.8 million a year earlier.
The company acquired seven buildings for $285.9 million in Q4 2025 and sold eight buildings for $88.8 million.
STAG Industrial reported third-quarter 2025 results on October 29, 2025. Net income attributable to common stockholders was $48.6 million, or $0.26 per share, up from $41.8 million, or $0.23 per share, a year earlier. Core FFO per diluted share rose 8.3% to $0.65, and same store cash NOI increased 3.9% to $145.7 million, which shows higher earnings for shareholders. The release does not include a numeric earnings forecast.
Net income per diluted share was $0.26 in Q3 2025 versus $0.23 in Q3 2024; nine-month figure was $1.02 versus $0.76.
Core FFO per diluted share was $0.65 in Q3 2025 versus $0.60 in Q3 2024; nine-month figure was $1.89 versus $1.79.
Occupancy was 95.8% on the total portfolio and 96.8% on the Operating Portfolio as of September 30, 2025.
Refinanced $300 million term loan G, now maturing March 15, 2030; liquidity was $904.1 million at September 30, 2025.
STAG Industrial amended and restated its $300 million unsecured term loan with Wells Fargo, extending maturity from February 6, 2026 to March 15, 2030, with a one-year extension option. The company also removed a 0.10% SOFR interest rate adjustment across its term loan and credit facility, and amended its $1.0 billion unsecured credit facility and several other term loans on the same terms.
Unsecured Term Loan G ($300 million) maturity extended from February 6, 2026 to March 15, 2030, with a one-year extension option subject to a fee
0.10% SOFR interest rate adjustment removed from Term Loan G, the $1.0 billion unsecured credit facility and Term Loans A, F, H and I
Term SOFR on Term Loan G swapped to a fixed 1.80% until February 5, 2026 and 3.94% from February 5, 2026 until March 15, 2030
Other material terms of the amended facilities are stated as unchanged; agreements dated September 15, 2025
STAG Industrial reported second-quarter 2025 results on July 29, 2025. Core FFO per diluted share rose 3.3% to $0.63, and Cash NOI rose 8.9% to $161.7 million, but net income attributable to common stockholders fell 16.4% to $50.0 million, or $0.27 per share, as gains on property sales were lower than a year earlier.
Core FFO per diluted share was $0.63 for the quarter, up from $0.61 in the second quarter of 2024.
Net income attributable to common stockholders was $50.0 million, down from $59.7 million; per-share net income was $0.27 versus $0.33.
Cash NOI rose 8.9% to $161.7 million, and total occupancy was 96.3% as of June 30, 2025.
The company sold one building for $9.1 million and acquired one for $18.4 million in the quarter; a $550 million unsecured notes financing was funded on June 25, 2025.
STAG Industrial reported first quarter 2025 results, with net income attributable to common stockholders of $91.3 million, or $0.49 per diluted share, up from $36.6 million, or $0.20, a year earlier. The filing notes that the quarter's net income included a $49.9 million gain on the sale of rental property, and Core FFO per diluted share rose 3.4% to $0.61. The company did not provide guidance in this filing.
Net income attributable to common stockholders was $91.3 million for Q1 2025, up 149.7% from $36.6 million in Q1 2024, and included a $49.9 million gain on the sale of rental property.
Core FFO per diluted share was $0.61, up 3.4% from $0.59; Cash NOI rose 8.1% to $157.2 million.
Same Store Cash NOI rose 3.4% to $144.6 million, and occupancy was 95.9% on the total portfolio as of March 31, 2025.
The company will hold a conference call at 10:00 a.m. Eastern on April 30, 2025.
STAG Industrial and its operating partnership signed a note purchase agreement on April 15, 2025 for $550 million of senior unsecured notes, with maturities from 2030 to 2035 and fixed rates from 5.50% to 5.99%. The notes are expected to be issued around June 25, 2025, subject to conditions, and proceeds are intended to refinance existing debt and fund general corporate purposes, including future acquisitions.
Tranches: $350 million due June 25, 2030 at 5.50%; $100 million due June 25, 2033 at 5.82%; $100 million due June 25, 2035 at 5.99%
Expected issuance on or around June 25, 2025, subject to conditions
Proceeds intended to refinance existing indebtedness and for general corporate purposes, including future acquisitions
Includes a minimum interest coverage ratio of not less than 1.50:1.00; notes are guaranteed by certain subsidiaries
STAG Industrial reported fourth-quarter and full-year 2024 results on February 12, 2025. Core FFO per diluted share rose 5.2% in the quarter to $0.61 and 4.8% for the year to $2.40, while full-year net income attributable to common stockholders fell 1.9% to $189.0 million. Shareholders get a measure of growth in core cash earnings, though full-year GAAP net income declined.
Q4 2024 Core FFO per diluted share was $0.61, up from $0.58 in Q4 2023; full-year 2024 was $2.40, up from $2.29.
Q4 2024 net income attributable to common stockholders was $50.9 million, up from $41.7 million; full-year was $189.0 million, down from $192.6 million.
Q4 2024 total revenue was $199.3 million, up from $183.3 million in Q4 2023.
Acquired 15 buildings in Q4 2024 for $293.7 million; portfolio occupancy was 96.5% as of December 31, 2024.
STAG Industrial reported third quarter 2024 results on October 29, 2024. Total revenue rose to $190.7 million and Core FFO per diluted share edged up to $0.60, but net income attributable to common stockholders fell to $41.8 million from $50.0 million, and net income per share dropped to $0.23 from $0.28. Interest expense rose to $28.7 million from $23.8 million, and the mixed results matter to shareholders because the per-share earnings decline is the GAAP measure while Core FFO is a non-GAAP measure the company emphasizes.
Net income attributable to common stockholders was $41.8 million in Q3 2024, versus $50.0 million in Q3 2023.
Total revenue was $190.7 million, up from $179.3 million a year earlier.
Core FFO per diluted share was $0.60, up from $0.59; nine-month Core FFO per share was $1.79 versus $1.71.
The company acquired six buildings for $113.0 million and sold one building for $22.6 million in the quarter.
STAG Industrial and its operating partnership entered into an amended and restated credit agreement with Wells Fargo Bank and other lenders on September 10, 2024, for its $1.0 billion unsecured credit facility. The main change extends the maturity from October 24, 2025 to September 8, 2028, with two six-month extension options at the company's discretion, subject to conditions including a fee. The filing does not state a change in borrowing capacity, and the company says other material terms are unchanged.
Maturity extended from October 24, 2025 to September 8, 2028, with two six-month extension options
Facility is $1.0 billion and unsecured; the agreement was signed September 10, 2024
As of September 10, 2024, the stated rate was one-month Adjusted Term SOFR (including a 0.10% adjustment) plus a 0.775% spread
Rate terms can include a 0.10% increase for SOFR loans and a spread tied to debt rating and leverage ratio
STAG Industrial reported second-quarter 2024 net income attributable to common stockholders of $59.7 million, up 15.9% from a year earlier, and Core FFO of $0.61 per diluted share, up 8.9%. Cash NOI rose 10.3% to $148.4 million, and the company bought ten buildings for $225.6 million during the quarter. Core earnings measures improved for shareholders, although net income for the six months ended June 30, 2024 fell 4.6%.
Q2 2024 net income attributable to common stockholders was $59.7 million, or $0.33 per share, versus $51.6 million, or $0.29 per share, in Q2 2023
Q2 2024 Core FFO per diluted share was $0.61, up 8.9% from $0.56; Cash NOI was $148.4 million, up 10.3%
The company acquired ten buildings for $225.6 million and sold seven buildings for $78.2 million in Q2 2024
On May 28, 2024, the company issued $450 million of senior unsecured notes at a weighted average fixed rate of 6.17%
STAG Industrial's board increased its size from 10 to 11 members and appointed Vicki Lundy Wilbon as a director, effective July 1, 2024. Wilbon is an executive at The Integral Group, a real estate firm, and will receive standard non-management director compensation.
Board expanded from 10 to 11 members; Wilbon appointed effective July 1, 2024
Wilbon has been Executive Vice President at The Integral Group since 2016 and a Principal since 2003
Her term runs to the 2025 annual meeting of stockholders, subject to re-election
Company will enter an indemnification agreement with Wilbon, in the same form as other directors
STAG Industrial reported first-quarter 2024 results on April 30, 2024. GAAP net income attributable to common stockholders fell 26.0% to $36.6 million, or $0.20 per share, while Core FFO per diluted share rose 7.3% to $0.59, and Cash NOI grew 9.7% to $145.5 million. The mixed picture means shareholders see weaker reported profit alongside higher core operating measures.
Net income attributable to common stockholders was $36.6 million, or $0.20 per share, versus $49.4 million, or $0.28 per share, in Q1 2023.
Core FFO per diluted share was $0.59, up 7.3% from $0.55 a year earlier.
Total revenue was $187.5 million, up from $173.6 million in Q1 2023, and Cash NOI was $145.5 million, up 9.7%.
The company acquired one building in Cincinnati, OH for $50.1 million in Q1 2024, and its Q1 2023 results included a $20.1 million gain on property sales that did not recur.
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