Q2 2025 STAG Industrial Inc Earnings Call Transcript
Key Points
- Stag Industrial Inc (STAG) achieved a high leasing rate of 90.8% for its operating portfolio, with cash leasing spreads of 24.5%.
- The company reported a 3.3% increase in Core FFO per share compared to the previous year, reaching $0.63 for the quarter.
- Liquidity remains strong at $961 million, providing financial flexibility for future operations and investments.
- Moody's Investor Services upgraded STAG's corporate credit rating to BAA2 with a stable outlook, reflecting the company's financial strength.
- STAG has a robust development pipeline with approximately 3 million square feet of activity, indicating future growth potential.
- The transaction market has been slow, although there are positive indicators of increased activity.
- Some markets, such as bulk distribution areas like Indianapolis and Columbus, are experiencing weaker leasing demand.
- The company has experienced an average occupancy loss of 90 basis points, impacting same-store NOI growth.
- There are concerns about tariff uncertainties affecting certain border markets like El Paso.
- The acquisition guidance remains wide, indicating uncertainty in the volume of future acquisitions.
Ladies and gentlemen, Greetings, and welcome to the STAG Industrial, Inc. Second-quarter 2025 earnings conference call. (Operator Instructions). As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Steve Xiarhos, Vice President, Investor Relations.
Please go ahead.
Thank you. Welcome to STAG Industrial's conference call covering the second quarter 2025 results. In addition to the press release distributed yesterday, we have posted an unaudited quarterly supplemental information presentation in the company's website at www.stagindustrial.com, under the Investor Relations section.
On today's call, the company's prepared remarks and answers to your questions will contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address matters that are subject to risks and
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