NYSE$STAG

STAG Industrial Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Announced second quarter 2020 results, highlighting net income of $0.12 per basic and diluted common share, Core FFO per diluted share of $0.47, and an Occupancy Rate of 97.0%.

STAG Industrial reported a positive second quarter in 2020, with an increase in net income per share, Core FFO per share, and strong occupancy rates. The company also made strategic acquisitions and dispositions during the quarter, and collected a high percentage of base rental billings.

  • Reported $0.12 of net income per basic and diluted common share for the second quarter of 2020, as compared to $0.10 of net income per basic and diluted common share for the second quarter of 2019.
  • Achieved $0.47 of Core FFO per diluted share for the second quarter of 2020, an increase of 4.4% compared to the second quarter of 2019 Core FFO per diluted share of $0.45.
  • Produced Cash NOI of $96.6 million for the second quarter of 2020, an increase of 24.5% compared to the second quarter of 2019 of $77.6 million.
  • Achieved an Occupancy Rate of 97.0% on the total portfolio and 97.6% on the Operating Portfolio as of June 30, 2020.

Headline financials

Total Revenue

$118M

Previous: $96.6M+21.7%
EPS (adj)

$0.47

Previous: $0.45+4.4%
Occupancy Rate (Total Portfolio)

97.0%

No prior period
Capital Expenditures

-$137M

Previous: -$387M+64.5%
Free Cash Flow

-$119M

Previous: -$373M+68.3%
Net Income

$18.9M

Previous: $13.8M+37.4%
Operating Income

$81.4M

Previous: $27.6M+194.7%
Gross Profit

$97.2M

Previous: $79.7M+22.0%
Cash & Equivalents

$102M

Previous: $5.09M+1905.0%
Total Assets

$4.28B

Previous: $3.46B+23.6%

Revenue & EPS history

STAG · Revenue · Quarterly

$118M

Q2 2020+21.7%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The company did not provide forward guidance for the next quarter but will discuss acquisitions, operations, capital markets and corporate activities in the conference call.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.4%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.5%

Avg return

30 days after

61%

36 / 59 earnings

Positive

+6.9%

Q4 2015

Best reaction

-6.4%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.7%-4.6%-4.3%
Q4 2025-5.0%-2.2%-3.1%
Q3 2025+2.3%+2.4%+4.4%
Q1 2025+0.6%+2.6%+8.3%
Q4 2024+0.9%-0.1%+1.2%
Q3 2024+0.9%-1.6%-0.4%
Q2 2024+1.0%-0.2%-0.8%
Q1 2024+0.5%+1.6%-0.0%
Q4 2023+2.0%+4.3%-0.5%
Q3 2023+1.7%+4.8%+13.4%
Q2 2023-3.0%-5.2%-5.0%
Q1 2023+1.0%+0.1%+2.0%
Q4 2022-1.2%-0.2%-10.2%
Q3 2022+5.2%+5.7%+8.7%
Q2 2022+1.5%+3.5%+1.3%
Q1 2022+1.7%-4.5%-7.6%
Q4 2021-1.5%-2.3%+3.1%
Q3 2021-0.3%-0.8%-2.0%
Q2 2021+2.8%+3.6%+3.2%
Q1 2021-4.3%-0.5%+1.2%
Q4 2020-0.4%+1.5%+4.4%
Q3 2020-1.1%-1.4%-7.6%
Q2 2020+4.0%+3.5%+4.3%
Q1 2020-6.2%-6.6%-0.3%
Q4 2019-1.3%-0.5%-26.9%
Q3 2019+0.3%-0.3%+0.1%
Q2 2019-2.0%-4.1%-3.9%
Q1 2019+2.8%+3.5%+1.8%
Q4 2018+0.2%+1.3%+0.6%
Q3 2018-2.1%-0.9%+1.2%
Q2 2018+3.4%+4.7%+6.9%
Q1 2018+2.8%+3.7%+8.4%
Q4 2017+4.4%+2.4%+3.6%
Q3 2017+3.5%+2.9%+1.3%
Q2 2017-0.0%+1.4%+2.6%
Q1 2017-2.3%-1.7%+2.6%
Q4 2016+1.2%+4.1%+3.8%
Q3 2016-0.8%+2.9%+5.8%
Q2 2016-2.6%-2.8%-2.6%
Q1 2016+0.9%
Q4 2015+6.9%
Q3 2015+2.4%
Q2 2015-6.4%
Q1 2015-1.1%
Q4 2014-1.6%
Q3 2014+2.3%
Q2 2014+1.3%
Q1 2014+0.5%
Q4 2013+0.3%
Q3 2013+0.5%
Q2 2013+0.2%
Q1 2013+0.7%
Q4 2012-0.5%
Q3 2012-0.2%
Q2 2012+0.1%
Q1 2012+2.2%
Q4 2011-0.7%
Q3 2011+2.5%
Q2 2011+5.0%
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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