Stag Industrial: Impressive Q4 Results
Stag Industrial delivered robust Q4 2024 results, beating earnings and revenue estimates.
Stag Industrial (NYSE:STAG), a prominent real estate investment trust (REIT) specializing in industrial properties, has showcased a strong performance in its latest earnings report for the fourth quarter of 2024, released on February 12, 2025. The company reported a Core Funds From Operations (Core FFO) per share of $0.61, exceeding analyst estimates. Revenue for the quarter was $199.3 million, outpacing the expected $193 million, with a year-over-year growth of 8.7% from $183.3 million. Overall, Stag Industrial's quarterly performance reflects successful strategic growth and effective management amidst market challenges.
Source: Analyst estimates for the quarter provided by FactSet.
Stag Industrial primarily focuses on acquiring and managing single-tenant industrial properties throughout the United States. Its strategic emphasis is on maintaining a diversified portfolio that mitigates risk and enhances stability. A key aspect of its business model is maintaining high occupancy rates and favorable lease renewal conditions, which contribute to consistent rental income.
