Stag Industrial (STAG) came out with quarterly funds from operations (FFO) of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to FFO of $0.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 2.08%. A quarter ago, it was expected that this industrial real estate investment trust would post FFO of $0.47 per share when it actually produced FFO of $0.49, delivering a surprise of 4.26%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Stag, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $134 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 1.67%. This compares to year-ago revenues of $118.55 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.