STAG Industrial (NYSE: STAG) reported Q2 EPS of $0.20, $0.09 better than the analyst estimate of $0.11.

• Reported $0.20 of net income per basic and diluted common share for the second quarter of 2021, compared to $0.12 of net income per basic and diluted common share for the second quarter of 2020. Reported $32.6 million of net income attributable to common stockholders for the second quarter of 2021, compared to net income attributable to common stockholders of $17.6 million for the second quarter of 2020.
• Achieved $0.52 of Core FFO per diluted share for the second quarter of 2021, an increase of 10.6% compared to second quarter 2020 Core FFO per diluted share of $0.47. Generated Core FFO of $86.3 million for the second quarter of 2021, compared to $71.8 million for the second quarter of 2020, an increase of 20.2%.
• Produced Cash NOI of $108.8 million for the second quarter of 2021, an increase of 12.6% compared to the second quarter of 2020 of $96.6 million.
• Produced Same Store Cash NOI of $90.9 million for the second quarter of 2021, an increase of 4.4% compared to the second quarter of 2020 of $87.0 million.
• Produced Cash Available for Distribution of $74.8 million for the second quarter of 2021, an increase of 8.3% compared to the second quarter of 2020 of $69.0 million.
• Acquired nine buildings in the second quarter of 2021, consisting of 1.3 million square feet, for $126.7 million, with a Cash Capitalization Rate of 5.7% and a Straight-Line Capitalization Rate of 6.2%.
• Achieved an Occupancy Rate of 96.8% on the total portfolio and 97.2% on the Operating Portfolio as of June 30, 2021.
• Commenced Operating Portfolio leases of 3.9 million square feet for the second quarter of 2021, resulting in a Cash Rent Change and Straight-Line Rent Change of 8.1% and 15.1%, respectively.
• Experienced 80.0% Retention for 3.4 million square feet of leases expiring in the quarter.
• Raised gross proceeds of $42.2 million of equity through the Company\'s at-the-market offering (\"ATM\") program for the second quarter of 2021.
• Subsequent to quarter-end, on July 8, 2021, originated $325 million of fixed rate senior unsecured notes in a private placement offering.

For earnings history and earnings-related data on STAG Industrial (STAG) click here.