STAG Sees Big Gains in NOI, FFO

BOSTON-Single-tenant industrial specialist STAG Industrial reported on Thursday that fourth-quarter adjusted funds from operations rose 135% year-over-year to $13.1 million, while Q4 NOI saw a 72% increase to $23.4 million. The quarter also saw the Boston-based company’s largest acquisition to date, a $129-million portfolio deal for 31 properties.

“A very busy and successful fourth quarter topped off a great, first full year for STAG as a public company,” CEO Benjamin Butcher says in a release. “In 2012, we continued to move forward with our low leverage strategy for the execution of our differentiated investment thesis.  I am very proud of our team and of the solid total shareholder return of 68% we delivered to our shareholders over 2012.”