STAG Industrial reports Q3 2026 earnings and authorizes up to $250 million in share repurchases
STAG Industrial posted third‑quarter 2026 net income of $70.7 million, or $0.37 per diluted share, up 42.3% year‑over‑year. Core FFO rose 1.5% to $0.66 per diluted share and same‑store cash NOI increased 3.5% to $159.9 million. The REIT acquired two buildings for $107.9 million, sold four for $67.9 million, and maintained a 95.9% occupancy rate. The board also authorized a $250 million share‑buyback program.
Why it matters
The earnings beat and higher occupancy support the company’s dividend and the newly authorized buyback, which could boost earnings per share for shareholders (the company announced the program in its release). The results also underpin the company’s raised 2026 guidance, indicating stronger cash flow expectations (as noted by Seeking Alpha).
Key facts
- 1Net income attributable to common stockholders was $70.7 million for Q3 2026, up from $48.6 million in Q3 2025. prnewswire.com
- 2Diluted earnings per share were $0.37 for Q3 2026, compared with $0.26 in Q3 2025. prnewswire.com
- 3Core FFO per diluted share was $0.66, a 1.5% increase year‑over‑year. prnewswire.com
- 4Same‑store cash NOI was $159.9 million, a 3.5% increase from $154.5 million a year earlier. prnewswire.com
- 5The company acquired two buildings totaling 1.1 million square feet for $107.9 million. prnewswire.com
- 6Four buildings totaling 1.1 million square feet were sold for $67.9 million. prnewswire.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.