of Good They welcome Officer; the Dave will third book earnings pleased our Operations. answer and myself Steve with be the Chief data. of third of our to for today addition today financial their specific Mecke, everybody to you, Presenting quarter to Director available Real King in look We're Financial morning, and Bill discuss join to who'll areas questions Operating Officer, to are will STAG focus. telling the Industrial. me us be you operational you our about Estate Thank call Chief Also have Crooker, and Matts. to and forward quarter our results.
over approximately acquisitions quarter for total million. Yesterday, subsequent $XXX we third have brings This year-to-date that XXX acquisition the end of the to including our quarter. million closed just volumes announced to
end top guidance have a raised from $X.X result, billion, increase a of the significant to guidance. acquisition our As we line XXXX initial our
in ensuring any well external closed our year NOI strong. XXXX three of XX.X% be already the totals, X.X%. growth on excess retention store the have the year's We acquisition At same for achieve previous of metrics front. first will time, of cash same growth We remain cash releasing of quarters operating company's most XX% the successful of this and spreads
quarter describe of revision further guidance. these XXXX or a All in surpassed meet prompted This same-store any our metrics toward remarks. and substantively upward initial his will have that has Bill guidance this XXXX then NOI increased
most and the This of internal growth. support the marks strong company's provide consumer one the growth. STAG internal successful both sector. to industrial ability strong and a external particular demonstrated for continued GDP years spending provides Growing producing demand rare has
increased of supply growth e-commerce, demand. The the continued and chain needs the are reconfiguration drivers inventory large additive associated industrial of
previously and tailwinds. have STAG’s we of approximate benefiting is portfolio located centers highlighted, these secular is As directly from to population,
growth benefit this exposures. nationwide. and with have reports, The when been continue trends. Consistent income which and population largest looking from our holds trends and to healthy growth, industrial markets positive various headlines STAG’s industry market in true at And drive employment demographic demand generally
robust broadly is exposure. working Metro Metro in our This grow for growth. growth portfolio prime marketing metrics Population projected top our GDP market age portfolio across exposures, and has growth help this our specifically year. operating driven population and GDP across drive to wide
real current are valuable proven and to how additional out we estate survey. allows our business, This insights be being into survey This needs gain us world on a that tenant future and tool their our tenants to fall comprehensive annual their rolled third view met. has the
of at results an year, Consistent the building XX% indicated respondents business level. activity both at increase business and an increase corporate at level, level. activity, indicated survey XX% the show the in increasing the is building the from last corporate with and
uncertain specifically tariffs letting impact to and a average our to tenants was of other a their continues restrictions, trade to ranging wars. of a impact benefit. direct environment macro with indicated with The to In regard small be on a impact responses from response small large there negative the to negative business question
to We the is what from year note, one will our results early ago. tone to cautious tenant that continue has it impacts to believe indicate become tell survey But the too these the from more be. compared survey
clearly be emphasis should XX% portfolios on and level handling demand important diversification of should of activity are XX% impacts over e-commerce at in buildings and the respondents geographic is indicate an growing year. provide a incremental has that our facility currently STAG's e-commerce past their evidenced. to and protection driver e-commerce trade start increased activity industry negative of
as continue grown confidence responses this to real we important baseline GDP support drivers improved and It is the These to note demand have to compared continue. year, such to last industrial for industrial and business to growth expect trend traditional fundamentals. provide estate that
survey directly The e-commerce our are increasing business our results over operating quarters. strong to contributed and of past increase to The the activity tenants several results. our the in with consistent results importance operating businesses have
turn With that, I discuss to to our will operational Bill over results.
