STAG Earnings Prediction
The chart below shows how STAG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, STAG sees a +0.20% change in stock price 10 days leading up to the earnings, and a +1.13% change 10 days following the report. On the earnings day itself, the stock moves by +0.38%. This data can give you a slight idea of what to expect for the next quarter's release.
STAG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
190.74M
6.39%
0.51%
Gross Margin
80.39%
-0.92%
-0.24%
Operating Margin
35.49%
0.65%
4.26%
Net Margin
22.40%
-21.51%
-30.39%
EPS
0.23
-17.86%
-30.30%
No Data Available
STAG Earnings Analysis
STAG INDUSTRIAL, INC. Corporation (STAG.N) Earnings Conference Call
Positive
Industrial Supply Pipeline Trends: The industrial supply pipeline continues to contract and absorption remains stable in many of our markets.
Market Rent Growth Update: Market rent growth for our portfolio stands at 3.2% through September 30, keeping us on track for full-year market rent growth of approximately 4%.
Active Leasing Market: Leasing market is active with tenants committing to space.
Leasing Progress and Expectations: We have already leased 38% of the square feet, we currently expect to lease in 2025 achieving cash leasing spreads of 24.1%.
Quarterly Acquisition Volume: Acquisition volume for the third quarter totaled $130 million.
Negative
Customer Retention Decline: Operating results showed a decline in customer retention rates, dropping to 73% this quarter, indicating potential challenges in maintaining existing client relationships.
High Leverage Position: The company reported a net debt to annualized run rate adjusted EBITDA of 5.1x, reflecting a high leverage position that may limit financial flexibility.
Cash Distribution Decline: Cash available for distribution totaled $88 million, down from previous quarters, suggesting tighter liquidity for future investments or distributions.
Acquisition Cost Increase: Acquisition costs for the quarter reached $78.1 million, with cash cap rates averaging 6.9%, indicating increased expenses in securing new assets.
Leasing Market Challenges: The leasing market remains challenging, with expectations of a slowdown in leasing activity, potentially impacting future revenue growth.
STAG FAQs
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STAG Earning Call Sentiment
STAG Industrial, Inc. (STAG) Q3 2024 Earnings Call Transcript
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STAG.N
-0.45%Positive
The earnings call reveals strong financial performance with increased Core FFO per share and same-store NOI growth. Positive guidance revisions and a robust cash position are complemented by strategic acquisitions and retained cash flow. Despite bankruptcy risk from American Tire Distributors, overall sentiment remains positive. The Q&A highlighted confidence in acquisition strategies and market conditions, with management addressing concerns adequately. The sentiment is adjusted to positive due to optimistic guidance and strong financial metrics, outweighing minor risks and uncertainties.
