STAG Industrial FFO Rises

(RTTNews) - STAG Industrial, Inc. (STAG) reported third-quarter funds from operations or FFO of $12.9 million compared to $6.3 million last year.

Core FFO for the quarter were $0.35 per share compared to $0.29 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.32 per share on revenues of $28.75 million for the quarter. Analysts' estimates typically exclude special items.

Net loss for the quarter were $2.1 million or $0.05 per share, compared to $5.3 million or $0.18 per share last year.

Total revenues for the quarter rose to $34.9 million from $21.1 million last year. Analysts estimated revenues of $33.34 million for the quarter.