Stag Industrial Q1 2024 Core FFO $0.59 Beats $0.58 Estimate, Rental Income $187.402M Beat $183.842M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stag Industrial reported Q1 2024 Core FFO of $0.59 per share, surpassing the $0.58 estimate, and Rental Income of $187.402M, exceeding the $183.842M estimate. This represents an 8.16% increase over the previous year's sales of $173.268M.

April 30, 2024 | 8:11 pm
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Stag Industrial exceeded Q1 2024 earnings and revenue estimates, showing significant year-over-year growth.
Beating both earnings and revenue estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported year-over-year growth further strengthens the company's financial position, making it an attractive investment.
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