Stag Industrial Posts Strong Quarterly Results and Raises Outlook

Stag Industrial, a real estate investment trust specializing in industrial properties, has delivered a standout third-quarter performance, surpassing market expectations and demonstrating the continued strength of the industrial real estate sector. The company’s robust rental income and a subsequent upgrade to its full-year forecast highlight its operational momentum.

The company’s financial results for the quarter were notably strong. Revenue climbed to $211.12 million, exceeding analyst projections. Net income showed a significant increase, reaching $48.6 million compared to $41.8 million in the same period last year. A key metric for REITs, Core Funds From Operations (FFO), came in at $0.65 per share, decisively beating the consensus estimate of $0.63 per share.

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