Stag Industrial Raises Guidance Amid Strong Q2 Performance
Stag Industrial (NYSE:STAG) reported improved industrial real estate fundamentals in the second quarter of 2026, driven by strong absorption and reduced construction pipeline. The company raised its full-year guidance for Core FFO to $2.61–$2.65 per share, same-store cash NOI growth to 3%–3.5%, acquisition volume to $400 million–$700 million, and average occupancy to 96.25%–97.25%. STAG also acquired seven Class A industrial buildings for $287.1 million during the quarter. The company reported cash leasing spreads of 19.8%, tenant retention of 75.7%, and strong demand from e-commerce, manufacturing, and data center-related users. CFO Matts Pinard noted that same-store cash net operating income increased by 3.4% in Q2 and 3.9% year to date. CEO Bill Crooker highlighted the durability of current market conditions and expects continued rent growth into 2027. STAG ended the quarter with a net debt-to-adjusted EBITDA ratio of 5.2 times and $614 million in liquidity.
Tickers: $STAG
Topics: Acquisition Activity FFO Guidance Industrial REITs NOI Growth Real Estate