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OFFON

STAG INDUSTRIAL, INC.

(STAG)
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Stag: Q2 Earnings Snapshot

07/27/2021 | 05:03pm EDT

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

The Boston-based real estate investment trust said it had funds from operations of $84.7 million, or 52 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 50 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 $32.7 million, or 20 cents per share.

The industrial real estate investment trust posted revenue of $138.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $132.9 million.

The company's shares have risen 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.04, a rise of 27% 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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Analyst Recommendations on STAG INDUSTRIAL, INC.
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Financials (USD)
Sales 2021 560 M - -
Net income 2021 105 M - -
Net Debt 2021 2 137 M - -
P/E ratio 2021 63,9x
Yield 2021 3,62%
Capitalization 6 501 M 6 501 M -
EV / Sales 2021 15,4x
EV / Sales 2022 14,0x
Nbr of Employees 78
Free-Float 99,8%
Chart STAG INDUSTRIAL, INC.
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STAG Industrial, Inc. Technical Analysis Chart | STAG | US85254J1025 | MarketScreener
Technical analysis trends STAG INDUSTRIAL, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 40,12 $
Average target price 43,46 $
Spread / Average Target 8,32%
EPS Revisions
Managers and Directors
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
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