STAG Industrial ($STAG (-1,19 %) ) had a strong start to 2025 and significantly exceeded analysts' expectations of USD 0.18 with adjusted earnings per share (EPS) of USD 0.49. At USD 205.57 million, revenue also exceeded forecasts (USD 200.84 million) and grew by 8.1% year-on-year. The share reacted positively with a rise of 2.6% following the publication.
Key figures
- EPS0.49 USD (vs. expectation: 0.18 USD)
- TurnoverUSD 205.57 million (vs. expectation: USD 200.84 million)
- YoY sales growth: +8,1 %
- Occupancy rate: 95,9 %
- Renewal rate Q1: 85,3 %
- Bar rental growth for new lettings: +27,3 %
- Linear rental growth: +42,1 %
Operational highlights
STAG reported strong operating figures, including a solid new letting rate and double-digit rental growth in contract signings. 78.5% of the new leases and renewals expected for 2025 have already been concluded. The company also generated a one-off net profit of USD 49.9 million from the sale of a property.
Investments & portfolio activities
- Acquisitions3 properties (393,564 sqft) for USD 43.3 million
- Disposals1 property (337,391 sqft) for USD 67 million
Outlook
CEO Bill Crooker emphasized the solid operating foundation and the potential for sustainable growth through a strong balance sheet, diversification and liquidity.