STAG Industrial reports Q4 core FFO 55c, consensus 56c

Reports Q4 revenue $170.33M, consensus $165.42M. Reports Q4 Same Store Cash NOI of $104.7M, an increase of 4.5% compared to the Q4 of FY21 of $100.2M. "Our strong fourth quarter results conclude a year that featured many successes, including a record level of same store growth, opportunistic investments in a volatile transaction market, and operational efficiencies that resulted in impressive cash flow growth," said Bill Crooker, President and Chief Executive Officer of the Company. "Secular tailwinds in the industrial space coupled with our attractive portfolio positioning will continue to drive meaningful internal growth, and our defensive balance sheet should allow us to capitalize on opportunities throughout 2023."