STAG STAG Industrial (STAG) Q1 FY26 earnings call
The company reported a strong Q1 FY26, driven by robust leasing velocity, particularly from data center-related tenants, and healthy same-store NOI growth. Despite anticipated occupancy fluctuations impacting Q2, management maintained its full-year guidance, expressing optimism for market rent growth acceleration in the latter half of the year. Capital markets remain stable, supporting an expanding acquisition pipeline and strategic development initiatives.
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STAG operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Retention rate | 69.5%Retention for the quarter was 69.5%, we are maintaining our retention guidance of 70% to 80% for the year.Source: earnings call transcript | 75.7%Retention for the quarter was 75.7%.Source: earnings call transcript | +6.2 pt |
| Occupancy rate Same-store | 96.6%So that resulted in 96.6% occupancy in the same store.Source: earnings call transcript | 96%So our spot occupancy at the end of Q2 in our same-store pool is 96%.Source: earnings call transcript | -0.6 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.