v3.24.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues [Abstract]        
Rental income $ 186,467 $ 171,439 $ 373,869 $ 344,707
Other income 3,310 255 3,451 540
Total revenue 189,777 171,694 377,320 345,247
Expenses        
Property 37,478 32,675 76,549 68,556
General and administrative 11,828 12,060 24,780 24,736
Depreciation and amortization 75,280 68,494 146,707 137,438
Loss on impairment 4,967 0 4,967 0
Other expenses 595 357 1,158 3,336
Total expenses 130,148 113,586 254,161 234,066
Other income (expense)        
Interest and other income 14 17 25 36
Interest expense (27,372) (22,860) (52,793) (45,472)
Debt extinguishment and modification expenses 0 0 (667) 0
Gain on involuntary conversion 5,717 0 5,717 0
Gain on the sales of rental property, net 23,086 17,532 23,086 37,660
Total other income (expense) 1,445 (5,311) (24,632) (7,776)
Net income 61,074 52,797 98,527 103,405
Less: income attributable to noncontrolling interest 1,291 1,191 2,117 2,333
Net income attributable to STAG Industrial, Inc. 59,783 51,606 96,410 101,072
Less: amount allocated to participating securities 46 53 93 106
Net income attributable to common stockholders $ 59,737 $ 51,553 $ 96,317 $ 100,966
Weighted average common shares outstanding — basic 181,961 179,413 181,834 179,305
Weighted average common shares outstanding — diluted 182,185 179,738 182,088 179,518
Net income per share attributable to common stockholders — basic $ 0.33 $ 0.29 $ 0.53 $ 0.56
Net income per share attributable to common stockholders — diluted $ 0.33 $ 0.29 $ 0.53 $ 0.56