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AI brief of an SEC Form 8-K · STAG Industrial (STAG)

STAG Industrial Q2 Core FFO rises 8.9% to $0.61 per share; net income up 15.9%

Positive Impact 3 of 5 earnings Written later

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%.

Key points

  • 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%

The filing

CompanySTAG Industrial (STAG)
Form8-K, current report
Filed with the SECJul 30, 2024, 4:07 PM ET
Accession number0001479094-24-000024

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.