Stag Industrial reported second-quarter 2026 core FFO of $0.65 per share, a 3.2% increase from a year ago, and raised its full-year corporate guidance to a range of $2.61 to $2.65 per share. The company commenced 36 leases across 5.6 million square feet, achieving cash leasing spreads of 19.8% and straight-line spreads of 33.7%, while same-store cash NOI grew 3.4% for the quarter. Acquisition volume reached $287.1 million, and the development pipeline includes nine buildings totaling 2.3 million square feet with expected stabilized yields of 7.1%. Stag also tightened its outlook, increasing same-store occupancy guidance to 96.25%–97.5% and cash same-store growth guidance to 3%–3.5%, while reducing credit loss guidance to 30 basis points. Net debt to adjusted EBITDA stood at 5.2 times, or 5.1 times when including $70 million of forward equity proceeds, with liquidity of $614 million at quarter end.
STAG Industrial IncRaised 2026 guidance and reported strong Q2 core FFO growth, leasing spreads, and NOI growth.