STAG Industrial, Inc. reported second-quarter 2026 results with revenue of $224.4M and diluted EPS of $0.28, reflecting year-over-year increases in top-line and earnings versus the prior-year quarter as the company continued to expand its industrial property portfolio and leasing activity.
Financial Highlights
- Revenue: $224.4M for Q2 2026, up from $207.6M in Q2 2025 (8.1% YoY).
- Net income: $52.9M attributable to STAG Industrial, Inc. for Q2 2026, up from $50.0M in Q2 2025 (5.8% YoY).
- Diluted EPS: $0.28 for Q2 2026, versus $0.27 in Q2 2025 (3.7% YoY).
Business Highlights
- Same-store rental revenue rose about 3.7% year-to-date, supported by new leases and renewals despite a modest occupancy decline.
- Leasing momentum continued with approximately 11.6M square feet of leases executed year-to-date and higher cash rent per square foot on new and renewal activity across the operating portfolio.
- Portfolio expansion: acquired roughly 3.38M square feet in the first half of 2026, adding diversified industrial assets in key U.S. markets.
- Operating efficiency: NOI increased about 8.2% year-to-date, driven by higher rental income and controlled property expenses.
- Management commentary: demand remains resilient from e-commerce and onshoring trends, with a focus on selective acquisitions and maintaining operational liquidity.
Original SEC Filing:
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