Stag: Q3 Earnings Snapshot

BOSTON (AP) — BOSTON (AP) — Stag Industrial Inc. (STAG) on Wednesday reported a key measure of profitability in its third quarter.

The Boston-based real estate investment trust said it had funds from operations of $124.7 million, or 65 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $48.6 million, or 26 cents per share.

The industrial real estate investment trust, based in Boston, posted revenue of $211.1 million in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STAG at https://www.zacks.com/ap/STAG