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More on STAG Industrial's Q1 beat

May 03, 2016 4:16 PM ETSTAG Industrial, Inc. (STAG) StockSTAGBy: Stephen Alpher, SA News Editor11 Comments
  • Q1 core FFO of $27.7M or $0.39 per share vs. $23.7M and $0.35 one year ago.
  • Cash NOI of $49.4M up 19.4% Y/Y. Adjusted EBITD of $43.3M up 21.4%.
  • Acquired five buildings totaling 711K square feet for $27.9M during quarter at cap rate of 8.5%. Sold four properties totaling 1.2M square feet for $32.8M.
  • Conference call tomorrow at 10 ET
  • Previously: STAG Industrial beats by $0.01, misses on revenue (May 3)
  • STAG flat after hours

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