)

STAG Industrial (STAG) investor relations material
STAG Industrial Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Portfolio reached 118.3 million sq ft across 600 buildings in 41 states, with 96.3% total occupancy and 97.0% operating portfolio occupancy as of June 30, 2025.
Core FFO per share for Q2 2025 was $0.63, up 3.3% year-over-year; net income for Q2 2025 was $51.1 million, down 16.4% year-over-year.
Same store cash NOI increased 3.0% year-over-year for the quarter, with strong leasing spreads and high retention.
90.8% of expected 2025 operating portfolio square feet already leased, with cash leasing spreads of 24.5%.
Moody’s upgraded the corporate credit rating to Baa2 with a stable outlook in May 2025.
Financial highlights
Q2 2025 total revenue was $207.6 million, up 9.4% year-over-year; net operating income was $167.2 million, up 9.8% year-over-year.
Core FFO for Q2 2025 was $120.5 million, up from $113.1 million in Q2 2024.
Adjusted EBITDAre for Q2 2025 was $152.0 million, up 9.6% year-over-year.
Cash available for distribution for Q2 2025 was $98.8 million, up 3.9% year-over-year.
Net debt to annualized run rate adjusted EBITDAre was 5.1x as of June 30, 2025; liquidity at $961.2 million.
Outlook and guidance
2025 Core FFO per share guidance raised to $2.48–$2.52.
Same store cash NOI growth expected at 3.75–4.00% for 2025.
Retention rate guidance at 75% for 2025.
Cash leasing spreads expected between 23–25% for the year.
Acquisition volume guidance maintained at $350–$650 million; disposition volume at $100–$200 million.
Next STAG Industrial earnings date

Next STAG Industrial earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage