STAG Reports Q1 Revenue of $224.21M, Beating Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Should l Buy STAG?
Reports Q1 revenue $224.21M, consensus $222.35M. Reports Q1 Same Store Cash NOI $159.3M, an increase of 4.1% compared to the Q1 of 2025 of $153.1M. "STAG delivered strong first quarter results driven by healthy leasing activity, disciplined capital allocation, and a growing acquisition pipeline," said Bill Crooker, President and CEO of the Company. "These results set a solid foundation for 2026 and we remain well positioned to capitalize on opportunities."
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Analyst Views on STAG
Wall Street analysts forecast STAG stock price to rise
10 Analyst Rating
3 Buy
7 Hold
0 Sell
Moderate Buy
Current: 38.550
Low
38.00
Averages
40.90
High
46.00
Current: 38.550
Low
38.00
Averages
40.90
High
46.00
About STAG
STAG Industrial, Inc. is a real estate investment trust (REIT), which is focused on the acquisition, ownership and operation of industrial properties throughout the United States. Its platform is designed to identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial property types and tenants through the principled application of its proprietary risk assessment model; provide growth through sophisticated industrial operation and an attractive opportunity set, and capitalize on its business appropriately given the characteristics of its assets. The Company's portfolio consists of approximately 603 buildings in 41 states. It owns all of its properties and conducts substantially all of its business through STAG Industrial Operating Partnership, L.P. (Operating Partnership).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
STAG Industrial Q1 2026 Earnings Call Insights
- Leasing Activity Rebound: Since early 2025, STAG has signed 8 leases totaling 1.6 million square feet, indicating a reversal in the multiyear weakness in demand for big box products, thereby enhancing the company's competitive position in the data center leasing market.
- Strong Financial Performance: Core FFO per share for Q1 was $0.65, reflecting a 6.6% year-over-year increase, while liquidity stood at $806 million, demonstrating the company's financial resilience and potential for sustained growth amid market fluctuations.
- Increased Development Activity: As of the end of Q1, STAG has 7 buildings or 1.8 million square feet of development activity underway, with an expected stabilized yield of 7.1%, laying a solid foundation for future revenue growth.
- Guidance Maintained: Management has maintained its full-year guidance, including cash leasing spreads of 18%-20% and market rent growth of 0%-2%, reflecting confidence in market stability and providing clear outlook guidance for investors.
See More
STAG Industrial Reports Q1 Core FFO of $0.65
- Core FFO Performance: STAG Industrial reported a Q1 core funds from operations of $0.65 per diluted share late Tuesday, indicating the company's ongoing ability to maintain stable cash flow despite uncertainties in the market.
- Financial Stability: This performance reflects STAG's robust standing in the Real Estate Investment Trust (REIT) sector, demonstrating its capacity to sustain positive cash flow amid economic fluctuations, thereby enhancing investor confidence in its long-term value.
- Market Reaction: While no detailed market expectations were provided for comparison, the $0.65 core FFO performance may influence investor perceptions of STAG's future growth potential, particularly in the current economic climate.
- Strategic Outlook: STAG Industrial's financial results support its future investment decisions, potentially prompting the company to adopt a more aggressive strategy in expanding its asset portfolio to navigate market changes.
See More
STAG Industrial Set to Release Q1 Earnings on April 28
- Earnings Announcement: STAG Industrial is set to announce its Q1 2023 earnings on April 28 after market close, with consensus estimates predicting a funds from operations (FFO) of $0.64 per share and revenues of $222.35 million, indicating solid performance amid steady growth.
- Long-Term Growth Guidance: The company has outlined a core FFO guidance of $2.60 to $2.64 per share for 2026, while projecting cash leasing spreads of 18% to 20%, suggesting a strong potential for sustainable earnings growth in the coming years.
- Healthy Leasing Activity: STAG Industrial reported Q4 earnings and revenues that exceeded market expectations, reflecting robust leasing activity, which not only boosts investor confidence but also lays a solid foundation for the company's future financial performance.
- Investment Appeal: STAG Industrial is viewed as an attractive investment option, offering nearly a 4% yield and demonstrating stability in a volatile market, appealing to investors seeking consistent returns.
See More
Analysis of STAG's 52-Week High and Low Points
- Price Range Analysis: STAG's stock has a 52-week low of $28.61 and a high of $39.98, with the last trade at $37.22, indicating significant price volatility and shifts in market sentiment within this range.
- Market Performance Comparison: The current stock price is at 93% of its 52-week high, suggesting strong market confidence in STAG, which may attract more investor interest, particularly among dividend stock investors.
- Technical Indicator Analysis: STAG's stock recently crossed above its 200-day moving average, potentially signaling a bullish trend in the short term, which is a positive sign for investors seeking stable returns.
- Investor Sentiment: Although the current stock price has not reached the 52-week high, its relatively strong performance may boost investor confidence, leading to increased capital inflows and further upward pressure on the stock price.
See More
Warehouse REITs Show Strong Inflation Resilience
- Rent Growth Mechanism: Warehouse REITs typically include automatic annual rent increases tied to inflation in their leases, allowing them to maintain stable income during inflationary periods, thus enhancing their appeal to investors.
- EastGroup Properties Advantage: EastGroup focuses on industrial properties in major population centers, owning 65.1 million square feet, facing little competition due to land scarcity, maintaining a high occupancy rate of 96.2%, and projecting a 6% increase in FFO per share for 2026, indicating strong growth potential.
- Stag Industrial Characteristics: Stag Industrial specializes in single-tenant properties with a portfolio of 120 million square feet; while its monthly dividend distribution attracts investors, its FFO growth rate is lower than EastGroup's, and its debt-to-market capitalization ratio of 31.7% indicates some financial risk.
- Investment Choice Analysis: Although Stag offers a higher dividend yield, EastGroup's growth potential and dividend growth rate are more attractive, and considering Stag's diverse client base and larger portfolio, opting for Stag's relatively higher dividend at its current price seems more reasonable.
See More
STAG Industrial Reports Strong Q4 2025 Earnings with Positive Outlook
- Significant Performance Growth: STAG Industrial reported a core FFO per share of $0.66 for Q4 2025 and $2.55 for the full year, reflecting a 6.3% increase compared to 2024, indicating strong performance and enhanced profitability in the market.
- Robust Leasing Activity: The company completed 31 leases totaling 3 million square feet in Q4, with cash leasing spreads of 16.3%, demonstrating strong market demand, and projecting cash leasing spreads of 18% to 20% for 2026.
- Active Acquisition Strategy: Acquisition volume reached $285.9 million in Q4, followed by an additional $80.6 million building acquisition, showcasing the company's proactive strategy in expanding its asset portfolio, with 2026 acquisition guidance set between $350 million and $650 million.
- Dividend Increase and Payment Frequency Change: STAG announced a 4% increase in dividends, the largest since 2014, while changing the payment frequency from monthly to quarterly, reflecting confidence in future cash flows and commitment to shareholder returns.
See More
STAG Industrial Q1 2026 Earnings Call Insights
- Leasing Activity Rebound: Since early 2025, STAG has signed 8 leases totaling 1.6 million square feet, indicating a reversal in the multiyear weakness in demand for big box products, thereby enhancing the company's competitive position in the data center leasing market.
- Strong Financial Performance: Core FFO per share for Q1 was $0.65, reflecting a 6.6% year-over-year increase, while liquidity stood at $806 million, demonstrating the company's financial resilience and potential for sustained growth amid market fluctuations.
- Increased Development Activity: As of the end of Q1, STAG has 7 buildings or 1.8 million square feet of development activity underway, with an expected stabilized yield of 7.1%, laying a solid foundation for future revenue growth.
- Guidance Maintained: Management has maintained its full-year guidance, including cash leasing spreads of 18%-20% and market rent growth of 0%-2%, reflecting confidence in market stability and providing clear outlook guidance for investors.
See More
STAG Industrial Reports Q1 Core FFO of $0.65
- Core FFO Performance: STAG Industrial reported a Q1 core funds from operations of $0.65 per diluted share late Tuesday, indicating the company's ongoing ability to maintain stable cash flow despite uncertainties in the market.
- Financial Stability: This performance reflects STAG's robust standing in the Real Estate Investment Trust (REIT) sector, demonstrating its capacity to sustain positive cash flow amid economic fluctuations, thereby enhancing investor confidence in its long-term value.
- Market Reaction: While no detailed market expectations were provided for comparison, the $0.65 core FFO performance may influence investor perceptions of STAG's future growth potential, particularly in the current economic climate.
- Strategic Outlook: STAG Industrial's financial results support its future investment decisions, potentially prompting the company to adopt a more aggressive strategy in expanding its asset portfolio to navigate market changes.
See More
STAG Industrial Set to Release Q1 Earnings on April 28
- Earnings Announcement: STAG Industrial is set to announce its Q1 2023 earnings on April 28 after market close, with consensus estimates predicting a funds from operations (FFO) of $0.64 per share and revenues of $222.35 million, indicating solid performance amid steady growth.
- Long-Term Growth Guidance: The company has outlined a core FFO guidance of $2.60 to $2.64 per share for 2026, while projecting cash leasing spreads of 18% to 20%, suggesting a strong potential for sustainable earnings growth in the coming years.
- Healthy Leasing Activity: STAG Industrial reported Q4 earnings and revenues that exceeded market expectations, reflecting robust leasing activity, which not only boosts investor confidence but also lays a solid foundation for the company's future financial performance.
- Investment Appeal: STAG Industrial is viewed as an attractive investment option, offering nearly a 4% yield and demonstrating stability in a volatile market, appealing to investors seeking consistent returns.
See More
Analysis of STAG's 52-Week High and Low Points
- Price Range Analysis: STAG's stock has a 52-week low of $28.61 and a high of $39.98, with the last trade at $37.22, indicating significant price volatility and shifts in market sentiment within this range.
- Market Performance Comparison: The current stock price is at 93% of its 52-week high, suggesting strong market confidence in STAG, which may attract more investor interest, particularly among dividend stock investors.
- Technical Indicator Analysis: STAG's stock recently crossed above its 200-day moving average, potentially signaling a bullish trend in the short term, which is a positive sign for investors seeking stable returns.
- Investor Sentiment: Although the current stock price has not reached the 52-week high, its relatively strong performance may boost investor confidence, leading to increased capital inflows and further upward pressure on the stock price.
See More
Warehouse REITs Show Strong Inflation Resilience
- Rent Growth Mechanism: Warehouse REITs typically include automatic annual rent increases tied to inflation in their leases, allowing them to maintain stable income during inflationary periods, thus enhancing their appeal to investors.
- EastGroup Properties Advantage: EastGroup focuses on industrial properties in major population centers, owning 65.1 million square feet, facing little competition due to land scarcity, maintaining a high occupancy rate of 96.2%, and projecting a 6% increase in FFO per share for 2026, indicating strong growth potential.
- Stag Industrial Characteristics: Stag Industrial specializes in single-tenant properties with a portfolio of 120 million square feet; while its monthly dividend distribution attracts investors, its FFO growth rate is lower than EastGroup's, and its debt-to-market capitalization ratio of 31.7% indicates some financial risk.
- Investment Choice Analysis: Although Stag offers a higher dividend yield, EastGroup's growth potential and dividend growth rate are more attractive, and considering Stag's diverse client base and larger portfolio, opting for Stag's relatively higher dividend at its current price seems more reasonable.
See More
STAG Industrial Reports Strong Q4 2025 Earnings with Positive Outlook
- Significant Performance Growth: STAG Industrial reported a core FFO per share of $0.66 for Q4 2025 and $2.55 for the full year, reflecting a 6.3% increase compared to 2024, indicating strong performance and enhanced profitability in the market.
- Robust Leasing Activity: The company completed 31 leases totaling 3 million square feet in Q4, with cash leasing spreads of 16.3%, demonstrating strong market demand, and projecting cash leasing spreads of 18% to 20% for 2026.
- Active Acquisition Strategy: Acquisition volume reached $285.9 million in Q4, followed by an additional $80.6 million building acquisition, showcasing the company's proactive strategy in expanding its asset portfolio, with 2026 acquisition guidance set between $350 million and $650 million.
- Dividend Increase and Payment Frequency Change: STAG announced a 4% increase in dividends, the largest since 2014, while changing the payment frequency from monthly to quarterly, reflecting confidence in future cash flows and commitment to shareholder returns.
See More
