Every material Form 8-K STAG Industrial filed with the SEC in 2025, 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 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.
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