STAG Industrial, Inc. STAG

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

"Cash Rent Change" means the percentage change in the base rent of the lease commenced during the period compared to the base rent of the Comparable Lease for assets included in the Operating Portfolio. The calculation compares the first base rent payment due after the lease commencement date compared to the base rent of the last monthly payment due prior to the termination of the lease, excluding holdover rent. Rent under gross or similar type leases are converted to a net rent based on an estimate of the applicable recoverable expenses.

"Comparable Lease" means a lease in the same space with a similar lease structure as compared to the previous in-place lease, excluding new leases for space that was not occupied under our ownership.

Last close 36.43 2026-10-23
Market cap $6.97B 2026-03-31 share count
52-week range 35.14 - 42.61

Valuation FY2025 figures against the last close

P/S8.2x
P/E—
P/FCF26.9x
EV/EBITDA—
Dividend yield4.1%
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $845.2M$767.4M$707.8M$657.3M$562.2M$483.4M$405.9M$351.0M$301.1M$250.2M
SG&A $51.9M$49.2M$47.5M$47.0M$48.6M$40.1M$35.9M$34.1M$33.3M$33.4M
Total operating expenses $528.2M$504.4M$470.2M$453.8M$398.2M$351.8M$308.1M$278.1M$250.7M$230.3M
Interest expense $132.2M$113.2M$94.6M$78.0M$63.5M$62.3M$54.6M$48.8M$42.5M$42.9M
Net income $273.5M$189.2M$192.8M$178.3M$192.3M$202.1M$49.3M$92.9M$31.3M$34.5M
Shares, diluted (wtd. avg.) 187.2M182.4M180.6M178.9M164.1M149.2M125.7M103.8M90.0M70.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $14.9M$36.3M$20.7M$25.9M$19.0M$15.7M$9.0M$8.0M$24.6M$12.2M
Goodwill ———$4.9M$4.9M$4.9M————
Other intangibles $395.0M$428.9M$435.7M$508.9M$567.7M$499.8M$475.1M$342.0M$313.3M$294.5M
Total assets $7.21B$6.83B$6.28B$6.18B$5.83B$4.69B$4.16B$3.10B$2.68B$2.19B
Long-term debt $3.25B$3.03B$2.62B$2.50B$2.22B$1.70B$1.65B$1.33B$1.17B$1.04B
Total liabilities $3.54B$3.30B$2.84B$2.73B$2.44B$1.92B$1.80B$1.43B$1.27B$1.12B
Retained earnings -$1.03B-$1.03B-$948.7M-$876.1M-$792.3M-$742.1M-$723.0M-$585.0M-$516.7M-$411.0M
Total equity $3.60B$3.46B$3.45B$3.46B$3.39B$2.77B$2.36B$1.67B$1.41B$1.07B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $463.4M$460.3M$391.1M$387.9M$336.2M$293.9M$233.4M$197.8M$162.1M$135.8M
Depreciation and amortisation $301.8M$293.1M$278.4M$275.0M$238.7M$214.7M$185.4M$167.6M$150.9M$125.4M
Stock-based compensation $12.7M$11.7M$11.5M$12.1M$15.0M$11.7M$9.9M$8.9M$9.5M$9.7M
Capital expenditure $204.5M$150.4M$107.9M$111.7M$39.5M$55.7M$65.0M$34.6M$45.8M$30.5M
Investing cash flow -$497.3M-$731.1M-$320.3M-$447.5M-$1.22B-$554.6M-$1.22B-$507.2M-$571.6M-$346.3M
Financing cash flow $97.4M$286.3M-$75.7M$63.2M$887.1M$269.2M$978.5M$303.8M$415.9M$211.9M
Dividends paid $284.0M$274.9M$267.6M$266.8M$245.7M$224.3M$189.6M$158.9M$141.0M$117.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001479094-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 250M 500M 750M 1B Revenue, FY2016: 250.2M Net income, FY2016: 34.5M Revenue, FY2017: 301.1M Net income, FY2017: 31.3M Revenue, FY2018: 351M Net income, FY2018: 92.9M Revenue, FY2019: 405.9M Net income, FY2019: 49.3M Revenue, FY2020: 483.4M Net income, FY2020: 202.1M Revenue, FY2021: 562.2M Net income, FY2021: 192.3M Revenue, FY2022: 657.3M Net income, FY2022: 178.3M Revenue, FY2023: 707.8M Net income, FY2023: 192.8M Revenue, FY2024: 767.4M Net income, FY2024: 189.2M Revenue, FY2025: 845.2M Net income, FY2025: 273.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $250.2M $301.1M $351.0M $405.9M $483.4M $562.2M $657.3M $707.8M $767.4M $845.2M
Gross profit — — — — — — — — — —
Net income $34.5M $31.3M $92.9M $49.3M $202.1M $192.3M $178.3M $192.8M $189.2M $273.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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