STAG Industrial announced its financial and operating results for the second quarter ended June 30, 2025. The company reported Core FFO per diluted share of $0.63, an increase of 3.3% compared to $0.61 in the second quarter of 2024.
Cash Net Operating Income (NOI) grew by 8.9% year-over-year to $161.688 million, with Same Store Cash NOI increasing by 3.0% to $145.266 million. Net income attributable to common stockholders was $49.963 million, a decrease from $59.737 million in the prior year, primarily due to a lower gain on property sales.
Leasing activity remained strong, with 4.2 million square feet of leases commencing at a 24.6% cash rent change and a 75.3% retention rate. The company acquired one building for $18.4 million and disposed of one building for $9.1 million, continuing its capital management strategy.
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