STAG Industrial Q4 FFO Flat With Last Year, Misses View - Quick Facts

(RTTNews) - Real estate investment trust STAG Industrial, Inc. (STAG) reported fourth-quarter funds from operations or FFO attributable to common stockholders and unit holders of $22.16 million, compared to $18.68 million last year.

Core FFO for the quarter were $0.37 per share, flat with last year. On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share. Analysts' estimates typically exclude special items.

Net loss attributable to common stockholders for the quarter was $2.61 million or $0.08 per share compared to net income of $5.21 million or $0.05 per share in the year-ago period.

Total revenues for the quarter declined to $20.03 million from $37.42 million in the same period last year. Analysts estimated revenues of $46.51 million for the quarter.

On February 20, the company's board of directors declared a monthly dividend of $0.1125 per share for the months of April, May and June.