Key Highlights

  • Consensus revenue of USD 227.16 million compares with total revenue of USD 224,369 thousand reported for the second quarter.
  • Consensus EPS stands at 0.27, while net income attributable to the company was USD 52,917 thousand against USD 50,005 thousand.
  • Rental income was USD 223,528 thousand against USD 207,438 thousand, an increase of USD 16,090 thousand, or 7.8%.
  • Interest expense was USD 37,495 thousand against USD 33,618 thousand, and gains on rental property sales were USD 8,346 thousand.

Stag Industrial (NYSE:STAG) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 0.27 on revenue of USD 227.16 million, and the company has a market capitalization of USD 7.00 billion.

Stag Industrial is a REIT that owns industrial properties. In the second quarter, it reported total revenue of USD 224,369 thousand against USD 207,593 thousand and net income of USD 54,013 thousand against USD 51,063 thousand.

Estimates Against the Last Reported Quarter

The revenue estimate of USD 227.16 million is above the USD 224,369 thousand of total revenue reported for the second quarter. The EPS estimate of 0.27 is set against net income attributable to common stockholders that the filing reports in dollars rather than per share in its summary tables.

Net income attributable to the company was USD 52,917 thousand against USD 50,005 thousand, after USD 1,096 thousand attributable to the noncontrolling interest in the operating partnership against USD 1,058 thousand.

Rental Income and Expense Lines

Rental income was USD 223,528 thousand against USD 207,438 thousand, an increase of USD 16,090 thousand, or 7.8%. Other income was USD 841 thousand against USD 155 thousand.

Total expenses were USD 141,272 thousand against USD 128,607 thousand. Property expense was USD 45,028 thousand against USD 40,403 thousand, depreciation and amortization was USD 82,246 thousand against USD 74,473 thousand, and general and administrative expense was USD 13,543 thousand against USD 12,901 thousand. The prior-year quarter included a loss on impairment of USD 888 thousand, and the current quarter reports none.

Interest, Sales Gains and Balance Sheet

Interest expense was USD 37,495 thousand against USD 33,618 thousand, an increase of USD 3,877 thousand, or 11.5%. The gain on sales of rental property, net, was USD 8,346 thousand against USD 5,692 thousand.

For the six months, total revenue was USD 448,576 thousand against USD 413,167 thousand, and net income was USD 117,327 thousand against USD 144,425 thousand, which included gains on rental property sales of USD 23,445 thousand against USD 55,605 thousand in the prior-year period.

At June 30, 2026, cash and cash equivalents were USD 65,886 thousand against USD 14,910 thousand at the prior year-end, and total assets were USD 7,476,995 thousand against USD 7,208,069 thousand. Total liabilities were USD 3,767,740 thousand against USD 3,537,040 thousand. Dividends and distributions payable were USD 76,239 thousand against USD 24,187 thousand, and deferred leasing intangibles, net, were USD 23,616 thousand against USD 25,566 thousand. The unsecured credit facility balance was USD 449,000 thousand against USD 262,000 thousand, and unsecured term loans, net, were USD 1,021,854 thousand against USD 1,021,341 thousand.

Markers for the Release

Revenue against USD 227.16 million and net income attributable to the company are the headline comparisons. Other markers are rental income against USD 223,528 thousand, interest expense and gains on rental property sales.