The earnings call highlighted strong financial performance and solid leasing achievements for 2024. However, challenges such as lower Q4 leasing spreads, expected occupancy decline, and market uncertainties regarding tariffs were noted. Despite these challenges, the company's strategic developments and healthy financial standing suggest a positive outlook.
Company Guidance
During STAG Industrial's fourth-quarter 2024 earnings call, the company provided guidance for 2025, highlighting several key metrics. They have already leased 70% of the operating portfolio space they plan to lease in 2025, achieving cash leasing spreads of 23.8%. Their acquisition volume for Q4 was $294 million, while disposition proceeds totaled $29 million. For 2025, they anticipate same-store cash NOI growth to range between 3.5% to 4%, with retention rates projected between 70% to 75% and cash leasing spreads around 25%. The company expects to undertake 14 million square feet of new and renewal leasing. Acquisition volume guidance is set between $350 million and $650 million, with disposition volume expected between $100 million and $200 million. Core FFO per share is projected to be in the range of $2.46 to $2.50.
Leasing Achievements
Achieved cash leasing spreads of 23.8% for 70% of the 2025 expected leasing. For the year 2024, achieved cash and straight-line leasing spreads of 28.3% and 41.8% respectively.
Core FFO Growth
Core FFO per share increased by 4.8% compared to 2023.
Strong Same-Store NOI Growth
Record same-store cash NOI growth of 5.8% for the year 2024.
Development Progress
Entered a joint venture development partnership for 400,000 square feet in Charlotte with an expected stabilized yield of 7%.
Financial Health
Net debt to annualized run rate adjusted EBITDA was 5.2 times at year-end with liquidity of $623 million.
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Stag Industrial (STAG) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STAG Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 12, 2025
$35.04
$35.35
+0.88%
Oct 29, 2024
$36.56
$37.28
+1.97%
Jul 30, 2024
$39.86
$40.00
+0.35%
Apr 30, 2024
$33.37
$33.77
+1.20%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stag Industrial (STAG) report earnings?
Stag Industrial (STAG) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Stag Industrial (STAG) earnings time?
Stag Industrial (STAG) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.