STAG Industrial, Inc. reports results for the quarter ended September 30 - Earnings Summary

• STAG Industrial, Inc. STAG.N reported quarterly adjusted earnings of 37 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of three analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 21 cents to 37 cents per share.

• Revenue rose 10% to $230.97 million from a year ago; analysts expected $227.63 million.

• STAG Industrial, Inc.'s reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $70.67 million.

• STAG Industrial, Inc. shares had risen by 1.4% this quarter and lost 1.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for STAG Industrial, Inc. is $42.00, about 13.9% above its last closing price of $36.18

This summary was machine generated from LSEG data October 27 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)