STAG Industrial Q2 core FFO per share rises 3.2%
STAG•Drivers of the quarter
- ACQUISITIONS - Co acquired seven fully occupied buildings totaling 2.6 mln sq ft for $287.1 mln in Q2
- RENT GROWTH - Commenced leases in Q2 saw a 19.8% cash rent increase and 33.7% straight-line rent increase
- HIGH OCCUPANCY AND RETENTION - Maintained 94.5% occupancy and achieved 75.7% retention on expiring leases
Outlook and leasing pipeline
- STAG Industrial says industrial fundamentals are stabilizing entering the second half of 2026
- Company reports an active acquisition pipeline totaling 35.1 million square feet, valued at $4.0 bln
- STAG Industrial says it has addressed 91.7% of expected 2026 new and renewal leasing
Analyst coverage and valuation
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
- The average consensus recommendation for the commercial reits peer group is "buy."
- Wall Street's median 12-month price target for STAG Industrial Inc is $42.00, about 3.3% above its July 27 closing price of $40.64
- The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 34 three months ago
