STAG Industrial Grows Its Bottom Line Despite Slower Buying
STAG Industrial (NYSE: STAG) follows a very simple way of doing business: find good properties with attractive features and then find tenants that can lease out the entire property at one fell swoop. For years, STAG has been able turn this method into success for the real estate investment trust, and conditions in the real estate market have helped support STAG's efforts.
Coming into Thursday's third-quarter financial report, STAG investors were hoping that the REIT would continue to pick up steam. STAG's pace of new acquisitions slowed from its strong showing in the second quarter, but its key financial metrics still reflected how well the industry is doing. Let's look more closely at STAG Industrial to see how it did.
Image source: STAG Industrial.
Source: Fool.com
STAG Industrial Inc. Stock
Our community is currently high on STAG Industrial Inc. with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 38 € shows a slightly positive potential of 1.77% compared to the current price of 37.34 € for STAG Industrial Inc..
