NYSE$STAG

STAG Industrial Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2022 results, showcasing strong growth in Cash NOI and Core FFO, driven by secular tailwinds and strategic portfolio positioning.

STAG Industrial reported strong Q4 2022 results, with a 13.7% increase in Cash NOI and a 7.8% increase in Core FFO per diluted share. The company acquired one building and sold two during the quarter, achieving a high occupancy rate of 98.5% on the total portfolio.

  • Net income per basic and diluted common share was $0.17 for Q4 2022.
  • Core FFO per diluted share increased by 7.8% to $0.55 for Q4 2022.
  • Cash NOI increased by 13.7% to $130.1 million for Q4 2022.
  • Same Store Cash NOI increased by 4.5% to $104.7 million for Q4 2022.

Headline financials

Total Revenue

$170M

Previous: $148M+15.3%
EPS (adj)

$0.55

Previous: $0.51+7.8%
Occupancy Rate (Total Portfolio)

98.5%

Previous: 96.9%+1.7%
Net Income

$30.4M

Previous: $88.1M-65.5%
Cash & Equivalents

$25.9M

No prior period
Total Assets

$6.18B

No prior period

Revenue & EPS history

STAG · Revenue · Quarterly

$170M

Q4 2022+15.3%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The company's management expressed confidence in continued internal growth driven by secular tailwinds and attractive portfolio positioning, with a defensive balance sheet allowing them to capitalize on opportunities in 2023.

Tailwinds

  • Secular tailwinds in the industrial space
  • Attractive portfolio positioning
  • Defensive balance sheet
  • Opportunity to capitalize on opportunities throughout 2023
  • Meaningful internal growth

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 Q4 2022

Historical avgQ4 2022

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro