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STAG

STAG Industrial, Inc.

STAG

STAG Industrial, Inc. • NYSE
$39.28 ▲ 0.01% (+0.00)
Market Cap $7.34 B
52w High $39.73
52w Low $28.61
Dividend Yield 1.49%
P/E 30.22
Volume 745.66K
Outstanding Shares 186.75M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $211.121M ▲ $88.699M ▲ $48.594M ▼ 23.017% ▼ $0.26 ▼ $157.282M ▼
Q2-2025 $207.593M ▲ $87.374M ▲ $50.005M ▼ 24.088% ▼ $0.27 ▼ $159.154M ▼
Q1-2025 $205.574M ▲ $87.206M ▲ $91.398M ▲ 44.46% ▲ $0.49 ▲ $199.791M ▲
Q4-2024 $199.325M ▲ $86.308M ▲ $50.954M ▲ 25.563% ▲ $0.28 ▲ $157.543M ▲
Q3-2024 $190.739M $84.484M $41.856M 21.944% $0.23 $143.942M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $17.319M ▲ $6.897B ▲ $3.397B ▲ $3.425B ▼
Q2-2025 $15.379M ▲ $6.825B ▼ $3.304B ▲ $3.445B ▼
Q1-2025 $9.327M ▼ $6.848B ▲ $3.304B ▼ $3.467B ▲
Q4-2024 $36.284M ▼ $6.833B ▲ $3.304B ▲ $3.458B ▲
Q3-2024 $70.036M $6.566B $3.202B $3.296B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $48.594M ▼ $143.513M ▲ $-147.228M ▼ $-13.701M ▲ $-17.416M ▼ $152.372M ▲
Q2-2025 $51.063M ▼ $111.868M ▲ $-64.703M ▼ $-59.373M ▲ $-12.208M ▼ $109.149M ▲
Q1-2025 $93.362M ▲ $103.54M ▼ $-24.926M ▲ $-67.954M ▼ $10.66M ▲ $97.4M ▲
Q4-2024 $52.008M ▲ $104.929M ▼ $-340.537M ▼ $201.857M ▲ $-33.751M ▼ $66.268M ▼
Q3-2024 $42.731M $127.966M $-142.91M $51.568M $36.624M $112.058M

Five-Year Company Overview

Income Statement

Income Statement STAG’s income statement shows a business that has grown steadily but with profits that have not expanded as quickly as revenue. Rental income has risen year after year, and core operating profitability has improved, suggesting the portfolio is larger and generally efficient. However, bottom-line earnings per share have been flat to slightly weaker over time, likely reflecting higher interest costs, a growing share count, and normal REIT-level expenses. Overall, STAG looks like a stable cash-generating REIT with moderate profit growth rather than explosive earnings expansion.

Balance Sheet

Balance Sheet The balance sheet reflects a growing industrial property platform funded by a mix of equity and increasing debt. Total assets have climbed meaningfully, which indicates continued acquisition and development activity. Debt levels have also risen, so leverage has crept higher, but equity has grown alongside, which helps support balance sheet strength. Cash on hand is small, which is typical for REITs that prefer to deploy capital into properties. The main trade-off is growth in the portfolio versus a gradually more leveraged capital structure that needs careful management in a higher-rate world.

Cash Flow

Cash Flow STAG’s cash flows look like those of a mature, income-focused real estate platform. Cash generated from operations has been trending upward, showing that property income comfortably covers day-to-day obligations. After capital spending, free cash flow has improved over time, moving from more constrained levels to healthier cushions, even as the company continues to invest in the portfolio. Capital expenditures appear controlled and opportunistic rather than aggressive, supporting the view of a disciplined growth strategy funded by recurring property cash flows.

Competitive Edge

Competitive Edge STAG occupies a differentiated niche in industrial real estate by focusing on single-tenant properties in secondary markets across the U.S. This positioning means it often faces less bidding competition from very large institutions and can find properties at more attractive yield levels. The portfolio is widely diversified by tenant, region, and industry, which spreads risk and reduces dependence on any single customer. Strong tenant relationships and high occupancy help support stable rent collections and renewals. Overall, STAG’s scale in this niche, combined with its data-driven acquisition discipline, gives it a meaningful but not unassailable edge in its segment of the industrial REIT market.

Innovation and R&D

Innovation and R&D While STAG is not a technology company, it treats data and operational tools as its form of “R&D.” The firm uses proprietary risk models and portfolio analytics to guide acquisitions and underwriting, aiming to price tenant and market risk more accurately than competitors. It has adopted energy and sustainability management software to track and optimize utilities, which can reduce costs and appeal to tenants focused on ESG goals. Looking forward, STAG is exploring more tech-enabled warehouses, smarter property management systems, and expansion into newer industrial niches like cold storage and last-mile facilities. These initiatives suggest a mindset of continuous process improvement rather than large, speculative innovation bets.

Summary

STAG Industrial presents as a steady, expanding industrial REIT built on disciplined, data-driven growth rather than dramatic swings in performance. Revenues and operating cash flows have grown at a healthy pace, while net income per share has been more subdued, reflecting the capital-intensive and interest-sensitive nature of real estate. The balance sheet shows a larger, more leveraged platform that still maintains a solid equity base. Competitive strength comes from its specialization in single-tenant industrial assets in secondary markets, broad diversification, and tenant-focused management. Its “innovation” is mainly about using data, software, and targeted development to squeeze more efficiency and value from a specialized niche, positioning STAG as a methodical compounder within the industrial REIT space, albeit with the usual sensitivities to interest rates, tenant health, and property market cycles.

NEWS

October 29, 2025 · 4:06 PM UTC

STAG INDUSTRIAL ANNOUNCES THIRD QUARTER 2025 RESULTS

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October 9, 2025 · 4:06 PM UTC

STAG INDUSTRIAL ANNOUNCES COMMON STOCK DIVIDENDS

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October 1, 2025 · 4:06 PM UTC

STAG INDUSTRIAL TO REPORT THIRD QUARTER 2025 RESULTS OCTOBER 29, 2025

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