STAG Industrial Q1 FFO Rises - Quick Facts

(RTTNews) - STAG Industrial, Inc. (STAG) reported first-quarter funds from operations or FFO attributable to common stockholders and unit holders of $17.0 million compared to $13.6 million last year.

Core FFO for the quarter were $0.36 per share compared to $0.33 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.37 per share. Analysts' estimates typically exclude special items.

Net loss attributable to common stockholders for the quarter were $2.4 million or $0.05 per share, wider than $1.8 million or $0.04 per share last year.

Total revenues for the quarter rose to $39.74 million from $29.99 million last year. Analysts estimated revenues of $38.58 million for the quarter.

Further, the company announced that the Board of Directors approved a 5% increase in the company's monthly common stock dividend from the current monthly rate of $0.105 per share to $0.11 per share. The Company's Board of Directors has declared a June 13, 2014 record date for the payment of the second quarter preferred stock dividends for its 9.0% Series A Cumulative Redeemable Preferred Stock and its 6.625% Series B Cumulative Redeemable Preferred Stock.