Stag: Q1 Earnings Snapshot
By AP News
Published - Apr 26, 2023, 06:03 PM ET
Last Updated - Jun 22, 2023, 03:17 AM EDT
BOSTON (AP) — BOSTON (AP) — Stag Industrial Inc. (STAG) on Wednesday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Boston, said it had funds from operations of $101.6 million, or 55 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 55 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.
