STAG Industrial announced impressive financial and operating results for the first quarter ended March 31, 2025. Net income attributable to common stockholders surged by 149.7% to $91.340 million, compared to $36.580 million in Q1 2024.
Core FFO per diluted share increased by 3.4% to $0.61 from $0.59 in the prior year, while Cash NOI grew 8.1% to $157.197 million. Same Store Cash NOI also saw a 3.4% increase, reaching $144.620 million.
The company acquired three buildings for $43.3 million and strategically sold one building for $67.0 million, realizing a net gain of $49.9 million. Leasing activity was robust, with 5.0 million square feet commenced at a 27.3% cash rent change and an 85.3% retention rate.
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