STAG Industrial, Inc. (STAG) Q1 2023 Earnings Call Transcript

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Q1: 2023-04-26 Earnings Summary

EPS of $0.28 beats by $0.11
 | Revenue of $173.55M (9.01% Y/Y) beats by $2.69M

STAG Industrial, Inc. (NYSE:STAG) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET

Company Participants

Steve Xiarhos - Associate, Capital Markets and Investor Relations
William Crooker - President and Chief Executive Officer
Matts Pinard - Executive Vice President and Chief Financial Officer

Conference Call Participants

Craig Mailman - Citigroup Inc.
Michael Carroll - RBC Capital Markets
Eric Borden - BMO Capital Markets
Camille Bonnel - Bank of America Merrill Lynch
Blaine Heck - Wells Fargo Securities, LLC
Michael Mueller - JPMorgan Chase & Co.
Nicholas Thillman - Robert W. Baird & Co.
Stephen Sakwa - Evercore ISI

Operator

Greeting, and welcome to the STAG Industrial First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Steve Xiarhos. Please go ahead.

Steve Xiarhos

Thank you. Welcome to STAG Industrial's conference call covering the first quarter 2023 results. In addition to the press release distributed yesterday, we have posted an unaudited quarterly supplemental information presentation on the Company's website at www.stagindustrial.com, under the Investor Relations section.

On today's call, the Company's prepared remarks and answers to your questions will contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address matters that are subject to risks and uncertainties that may cause actual results to differ from those discussed today. Examples of forward-looking statements include forecast of core FFO, same-store NOI, G&A, acquisition and disposition volumes, retention rates and other guidance, leasing prospects, rent collections, industry and economic trends and other matters.

We encourage all listeners to review the more detailed discussion related to these forward-looking statements contained in the Company's

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