Seeking Alpha

More on Stag Industrial earnings

  • Cash NOI of $31.9M (up 26% Y/Y)
  • Adjusted FFO of $19.3M (up 26%)
  • Acquired four buildings totaling about 1M square feet for total cost of $37.3M, with weighted-average lease term of just under five years. Executed leases of about 1.1M square feet.
  • Quarter-end occupancy of 95.3%
  • Boosted monthly dividend by 5% to $0.11 per share.
  • CC tomorrow at 11 ET
  • Source: Press Release
  • Previously: STAG Industrial FFO in-line, beats on revenue
  • STAG no trades AH
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