real-time news and commentary for investors
Monday, Nov 4
Stag Industrial FFO/share gains 21%
- Core FFO of $17.5M up 60% Y/Y, with core FFO per share of $0.35 up 21% thanks to share issuance. Q3 dividend of $0.30 per share. Monthly dividend payments to being starting this quarter.
- Acquired six buildings for about $79.5M with a weighted-average lease term of over 5 years. Added 1.9M square feet of lease space, up 5.8% Q/Q. Occupancy of 94%; same store occupancy of 92.5%.
- Conference call tomorrow at 11 ET.
- Q3 results, press release.
- STAG no trades AH.