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More on Stag Industrial's inline Q2

Published 08/01/2017, 06:10 PM
© Reuters.  More on Stag Industrial's inline Q2
STAG
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  • Q2 core FFO of $38.1M or $0.41 per share vs. $27.2M and $0.38 a year ago.
  • Cash NOI of $58M up 18.3% Y/Y.
  • 21 buildings purchased during Q, totaling 4.6M square feet, and costing $285.6M, or a weighted average cap rate of 7.2%.
  • 3 buildings sold for $6.5M.
  • Occupancy of 94% on total portfolio and 94.8% on operating portfolio.
  • Leases: 3.3M square feet worth inked in Q2 with cash rent change off 2.7%; GAAP rent change up 6.4%.
  • Raised over $200M with ATM equity sales of 7.9M shares during quarter.
  • Conference call tomorrow at 10 ET
  • Previously: STAG Industrial FFO in-line, beats on revenue (Aug. 1)
  • STAG flat after hours
  • Now read: Plymouth Industrial: How Does This REIT IPO Stack Up With STAG Industrial?


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