STAG INDUSTRIAL ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 RESULTS

Core Insights - STAG Industrial, Inc. reported strong operating results for Q4 and full year 2025, driven by increased leasing activity and prudent capital allocation [1][2][3] - The company achieved a Same Store Cash NOI growth of 5.4% in Q4 2025 compared to Q4 2024, and a 4.3% increase for the full year [1][3][5] Financial Performance - Q4 2025 net income attributable to common stockholders was $83.4 million, a 63.9% increase from $50.9 million in Q4 2024 [1][2] - Core FFO per diluted share for Q4 2025 was $0.66, up 8.2% from $0.61 in Q4 2024 [1][3] - Full year 2025 net income attributable to common stockholders reached $273.4 million, a 44.6% increase from $189.0 million in 2024 [1][2] Leasing Activity - The company signed a lease for 78,414 square feet of warehouse space in Concord, North Carolina, after the quarter ended [1][2] - Retention rate for leases expiring in Q4 2025 was 75.8% for 2.8 million square feet [1][2] - Total leasing activity for the year included 14.4 million square feet, with new leases accounting for 3.4 million square feet [2][3] Acquisition and Disposition - In Q4 2025, STAG acquired seven buildings totaling 2.2 million square feet for $285.9 million, with a Cash Capitalization Rate of 6.4% [1][2] - The company sold eight buildings in Q4 2025, totaling 1.6 million square feet for $88.8 million [1][2] Occupancy and Portfolio Metrics - As of December 31, 2025, the overall occupancy rate was 96.4%, with the Operating Portfolio at 97.2% [1][2] - Same Store Cash NOI for Q4 2025 was $148.5 million, compared to $140.8 million in Q4 2024 [1][3] Future Outlook - The company plans to maintain its focus on financial and operational discipline as it moves into 2026 [1][2] - A conference call is scheduled for February 12, 2026, to discuss the quarter's results and future strategies [1][2]