Industrial REIT Gains Momentum on Strong Earnings and Dividend Payout

STAG Industrial shares are demonstrating notable strength following the release of robust quarterly earnings and the approach of a significant dividend distribution date. The industrial real estate investment trust posted compelling operational figures, including an 8.3% increase in funds from operations, as it nears its ex-dividend date.

Investors responded positively to STAG Industrial’s Wednesday post-market earnings release, which surpassed market expectations. The company reported core FFO per share of $0.65, representing an 8.3% year-over-year improvement and exceeding analyst projections by two cents. Revenue reached $211.12 million, outperforming the anticipated $209.11 million.

While earnings per share matched forecasts exactly at $0.26, the market reaction was decidedly upbeat. In pre-market trading Thursday, the stock advanced 1.54% to Read more...