STAG Industrial Continues to Impress with 5.4% Same-Store Cash NOI Growth in Q3

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STAG ($NYSE:STAG): The company’s Q3 earnings release last week showed strong underlying operating performance, with same-store cash NOI growth of 5.4%.

Price History

For the third quarter, the company reported 5.4% same-store cash NOI growth, easily outpacing its peers. The stock market has taken notice of STAG’s strong performance, with the stock price up nearly 30% so far this year. On Monday, STAG Industrial stock opened at $31.3 and closed at $31.6, down slightly from its previous closing price of $31.7. Despite the recent pullback, STAG Industrial remains one of the top-performing REITs in the market today.

Investors are still bullish on the company’s long-term prospects, and with good reason. STAG is well-positioned to continue delivering strong results in the quarters ahead.

VI Analysis

Based on the VI app’s star chart, STAG Industrial is classified as a “cow” type of company. This means that it has a track record of paying out consistent and sustainable dividends. Therefore, investors who are interested in companies that provide consistent dividend payments may find STAG Industrial to be a good investment. The company’s fundamentals also reflect its long-term potential. For example, STAG Industrial has a high health score of 7/10, which indicates that it is capable of paying off debt and funding future operations.

Additionally, the company is strong in terms of asset growth and profitability. Therefore, investors who are looking for a company with strong long-term prospects may find STAG Industrial to be a good investment.

VI Peers

The competition among Stag Industrial Inc, Prologis Inc, Terreno Realty Corp, and Duke Realty Corp is fierce. All four companies are in the business of providing industrial space for businesses. They all have their own strengths and weaknesses, and each is trying to outdo the others in terms of price, quality, and service.

– Prologis Inc ($NYSE:PLD)

Prologis Inc is a real estate investment trust that owns, operates, and develops warehouses and distribution facilities. As of December 31, 2020, the company owned or had investments in 3,109 properties in 19 countries. Prologis Inc is headquartered in San Francisco, California.

– Terreno Realty Corp ($NYSE:TRNO)

Terreno Realty Corp is a real estate investment trust that focuses on the acquisition, development, and operation of industrial properties in the United States. The company has a market cap of 4.32B as of 2022. Terreno Realty Corp’s properties are located in major metropolitan markets in the United States. The company was founded in 2006 and is headquartered in San Francisco, California.

Summary

STAG Industrial is a publicly traded real estate investment trust focused on the acquisition, ownership and operation of single-tenant industrial properties across the United States. The company’s portfolio consists primarily of industrial warehouses, which are typically leased to single tenants on long-term leases. This provides a stable and predictable income stream, which has helped STAG Industrial outperform the broader REIT market in recent years.

Investors in STAG Industrial can benefit from the company’s strong growth prospects, as well as its attractive dividend yield. Given the company’s strong financial position and growth prospects, STAG Industrial seems like an attractive option for income-seeking investors.