Every material Form 8-K STAG Industrial filed with the SEC in 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 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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every STAG Industrial filing is on SEC EDGAR ↗. 8-K briefs of other companies →