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STAG INDUSTRIAL, INC.

(STAG)
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Stag: Q1 Earnings Snapshot

05/04/2021 | 05:43pm EDT

BOSTON (AP) _ Stag Industrial Inc. (STAG) on Tuesday reported a key measure of profitability in its first quarter. The results exceeded Wall Street expectations.

The Boston-based real estate investment trust said it had funds from operations of $79.8 million, or 49 cents per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 48 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $20.9 million, or 13 cents per share.

The industrial real estate investment trust posted revenue of $134 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $131.8 million.

The company's shares have climbed 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $36.16, an increase of 46% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STAG at https://www.zacks.com/ap/STAG

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2021 551 M - -
Net income 2021 80,0 M - -
Net Debt 2021 1 907 M - -
P/E ratio 2021 91,9x
Yield 2021 3,99%
Capitalization 5 832 M 5 832 M -
EV / Sales 2021 14,0x
EV / Sales 2022 12,8x
Nbr of Employees 78
Free-Float 99,0%
Chart STAG INDUSTRIAL, INC.
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Technical analysis trends STAG INDUSTRIAL, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 35,21 $
Last Close Price 36,52 $
Spread / Highest target 6,79%
Spread / Average Target -3,59%
Spread / Lowest Target -17,9%
EPS Revisions
Managers and Directors
NameTitle
Benjamin S. Butcher Chairman & Chief Executive Officer
William R. Crooker President, CFO, EVP & Treasurer
Stephen C. Mecke Chief Operating Officer & Executive Vice President
Michael C. Chase Chief Investment Officer & Senior Vice President
Jeffrey Davies Furber Independent Director
Sector and Competitors
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