# STAG Industrial Q3 2026 Earnings Results

> STAG Industrial reports 1.5% rise in core FFO per share and updated guidance for 2026.
- Title: STAG Industrial Q3 2026 Earnings Results · The Motley Fool
- Summary: STAG Industrial reports 1.5% rise in core FFO per share and updated guidance for 2026. STAG Industrial increased core FFO per diluted share to $0.66 for Q3…
- Keywords: stag, stag industrial, q3 2026, core ffo, earnings call, reit, industrial real estate, finance, money, Industrial, 2026, Earnings
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/28/stag-stag-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-28T16:44:28+00:00
- Read time: 2 min
- Topics: stag, stag industrial, q3 2026, core ffo, earnings call, reit, industrial real estate, finance, money
## Q3 2026 Results
STAG Industrial reported core FFO per diluted share of $0.66, a 1.5% increase from $0.65 in Q3 2025.
## Net Income Per Share
Net income per diluted share rose to $0.37 from $0.26 in the same period last year.
## Same Store Cash NOI
Same store cash NOI grew 3.5% to $159.9 million, up from $154.5 million in Q3 2025.
## Cash Rent Change
Cash rent change reached 23.8% across 3.6 million square feet of new leasing activity.
## Straight-Line Rent Change
Straight-line rent change increased 35.7% for leases commenced in Q3 2026.
## Retention Rate
Retention rate for 2.9 million square feet of expiring leases reached 90.3%.
## Operating Portfolio Occupancy
Operating portfolio occupancy stood at 96.2% as of September 30, 2026.
## Acquisition Volume
Acquisition volume totaled $107.9 million for two buildings totaling 1.1 million square feet.
## Disposition Volume
Disposition volume amounted to $67.9 million from four buildings totaling 1.1 million square feet.
## Core FFO Guidance
Core FFO guidance increased to $2.64 to $2.66 per share, up $0.02 at the midpoint.
## Cash Same Store Growth Guidance
Cash same store growth guidance revised upward to 3.5% to 3.75% for the year.
## Average Same Store Occupancy Guidance
Average same store occupancy guidance increased to 96.75% to 97.25% for the year.
## Acquisition Volume Guidance
Acquisition volume guidance narrowed to $530 million to $600 million due to uncertain capital markets.
## G&A Guidance
G&A guidance increased to $56 million to $57 million, reflecting internal adjustments and new hires.
## Net Debt to Adjusted EBITDA
Net debt to adjusted EBITDA ratio stood at 5.1 times on an annualized run rate basis.
## Liquidity
Liquidity stood at $546 million as of the end of Q3 2026.
## Share Repurchase Authorization
Board authorized $250 million share repurchase program effective October 26, 2026.
## Development Pipeline
Development pipeline includes 1.8 million square feet across seven buildings with expected stabilized yield of 7%.
## Data Center Leasing
Data center related leasing accounts for 26% of new operating portfolio leasing since 2025.
## Market Rent Growth Forecast
Market rent growth forecast for 2027 ranges 2% to 4%, up from 1.6% expected in 2026.
## Key takeaway

STAG Industrial increased core FFO per diluted share to $0.66 for Q3 2026, up 1.5% from Q3 2025, with updated guidance for 2026.