Stag Industrial reported second-quarter funds from operations of 65 cents per share, matching the Zacks Consensus Estimate and up from 63 cents a year ago. Revenue came in at 224.37 million dollars, slightly below the consensus by 0.08 percent but higher than the prior-year quarter's 207.59 million. The company has beaten FFO estimates twice in the past four quarters and topped revenue forecasts three times in that span. Stag shares have gained about 10.6 percent year to date, outpacing the S&P 500's 8.3 percent advance. The current Zacks Rank for the stock is 3, or Hold, with consensus FFO estimates of 67 cents for the next quarter and 2.64 dollars for the full fiscal year.
STAG Industrial IncFFO met estimates, revenue slightly below consensus; stock has outperformed YTD but Zacks rank is Hold.
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