BOSTON (AP) — BOSTON (AP) — Stag Industrial Inc. (STAG) on Wednesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Boston, said it had funds from operations of $126.5 million, or 66 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 $83.4 million, or 44 cents per share.
The industrial real estate investment trust, based in Boston, posted revenue of $220.9 million in the period.
For the year, the company reported funds from operations of $487 million. Revenue was reported as $845.2 million.
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