Stag Industrial reports Q1 Core FFO 55c, consensus 58c

Reports Q1 revenue $187.54M, consensus $183.84M. Produced Same Store Cash NOI of $139.1M for the Q1 an increase of 7.1% compared to the Q1 of FY23 $129.8M. “Coming out of one of our best operational years as a public company, the momentum from 2023 drove another quarter of excellent internal growth, including robust Same Store Cash NOI growth,” said Bill Crooker, President and CEO of the Company. “The Company is well positioned to capitalize on transactions as the capital markets stabilize, but remains patient in the face of continued volatility.”