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STAG Industrial

STAG NYSE Industrial REITs Financials FY2016–FY2025

STAG Industrial's revenue rose 10.1% to $845 million in fiscal 2025. Its net margin was 32.4%, up from 24.7% a year earlier. Free cash flow was $259 million, down 16.4%. It paid out $284 million in dividends and buybacks, 110% of free cash flow. The diluted share count rose 2.6%.

Last close · Oct 23, 2026

$36.43

0.2%
Value it Compare
Revenue Total sales reported in the income statement.
$845M
10.1% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$274M
44.6%
Free cash flow Cash from operations minus capital spending.
$259M
16.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
$7.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
28.2x
On $1.29 EPS (TTM)

What STAG Industrial does

No business description yet.

Legal name
STAG Industrial, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001479094-26-000009
0001479094

Revenue and margins

STAG Industrial had $845M of revenue in fiscal 2025, up 10.1% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 19.7% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $259M in fiscal 2025, 30.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

STAG Industrial returned $284M to shareholders in fiscal 2025, 110% of free cash flow. The diluted share count rose 2.6%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value STAG Industrial yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$3.2B and divides by 187.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 28.2x · peers 28.1x · sector 27.8x.

Balance sheet

Cash, debt and the ratios that show how comfortably STAG Industrial can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $19.0M$25.9M$20.7M$36.3M$14.9M
Debt incl. finance leases $2.2B$2.5B$2.6B$3.0B$3.3B
Debt / equity 0.7x0.7x0.8x0.9x0.9x
Total assets $5.8B$6.2B$6.3B$6.8B$7.2B
Total liabilities $2.4B$2.7B$2.8B$3.3B$3.5B
Shareholders' equity $3.3B$3.4B$3.4B$3.5B$3.6B
Net debt (− = net cash) $2.2B$2.5B$2.6B$3.0B$3.2B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$5.9M

4 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Feb 23, 2026 Matts PinardEVP, CFO and Treasurer Sold 25,242 $39.18 $1.0M Form 4
Feb 23, 2026 William R CrookerCEO and President, Director Sold 93,732 $39.17 $3.7M Form 4
Feb 19, 2026 Virgis ColbertDirector Sold 18,000 $38.08 $0.7M Form 4
Nov 5, 2025 Michael ChaseEVP and CIO Sold 13,144 $38.75 $0.5M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose — — —
Share count didn't rise ✕ ✕ ✕
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✓
F-score — / 9— / 9— / 9
Accruals ratio −3.2%−4.1%−2.7%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
STAG Industrial STAG $7.0B 10.1% — 30.6% — 28.2x —
First Industrial Realty Trust FR $7.2B 8.6% — — — 19.8x — Compare →
EastGroup Properties EGP $10.7B 12.7% — 56.1% — 33.7x — Compare →
Rexford Industrial Realty REXR $8.7B 7.1% — 20.8% — — — Compare →
CubeSmart CUBE $9.2B 5.3% — — — 28.1x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $250M $301M $351M $406M $483M $562M $657M $708M $767M $845M
Interest expense $42.9M $42.5M $48.8M $54.6M $62.3M $63.5M $78.0M $94.6M $113M $132M
Net income $34.5M $31.3M $92.9M $49.3M $202M $192M $178M $193M $189M $274M
Diluted EPS $0.29 $0.23 $0.79 $0.35 $1.32 $1.15 $1.00 $1.07 $1.04 $1.46
Diluted shares 0.07B 0.09B 0.10B 0.13B 0.15B 0.16B 0.18B 0.18B 0.18B 0.19B
Cash flow
Cash from operations $136M $162M $198M $233M $294M $336M $388M $391M $460M $463M
Capital expenditure $30.5M $45.8M $34.6M $65.0M $55.7M $39.5M $112M $108M $150M $205M
Free cash flow $105M $116M $163M $168M $238M $297M $276M $283M $310M $259M
Depreciation and amortization $125M $151M $168M $185M $215M $239M $275M $278M $293M $302M
Stock-based compensation $9.7M $9.5M $8.9M $9.9M $11.7M $15.0M $12.1M $11.5M $11.7M $12.7M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends paid $117M $141M $159M $190M $224M $246M $267M $268M $275M $284M
Dividends and buybacks $117M $141M $159M $190M $224M $246M $267M $268M $275M $284M
Balance sheet
Cash and short-term investments $12.2M $24.6M $8.0M $9.0M $15.7M $19.0M $25.9M $20.7M $36.3M $14.9M
Total debt $1.0B $1.2B $1.3B $1.6B $1.7B $2.2B $2.5B $2.6B $3.0B $3.3B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Total assets $2.2B $2.7B $3.1B $4.2B $4.7B $5.8B $6.2B $6.3B $6.8B $7.2B
Total liabilities $1.1B $1.3B $1.4B $1.8B $1.9B $2.4B $2.7B $2.8B $3.3B $3.5B
Shareholders' equity $1.0B $1.4B $1.6B $2.3B $2.7B $3.3B $3.4B $3.4B $3.5B $3.6B
Margins
Net margin 13.8% 10.4% 26.5% 12.1% 41.8% 34.2% 27.1% 27.2% 24.7% 32.4%
FCF margin 42.1% 38.6% 46.5% 41.5% 49.3% 52.8% 42.0% 40.0% 40.4% 30.6%
Returns
Return on equity 3.7% 2.6% 6.3% 2.5% 8.1% 6.4% 5.3% 5.7% 5.5% 7.8%
Return on assets 1.7% 1.3% 3.2% 1.4% 4.6% 3.7% 3.0% 3.1% 2.9% 3.9%
Growth
Revenue growth — 20.3% 16.6% 15.7% 19.1% 16.3% 16.9% 7.7% 8.4% 10.1%
Net income growth — −9.4% 197.3% −47.0% 310.2% −4.9% −7.3% 8.1% −1.9% 44.6%
EPS growth — −20.7% 243.5% −55.7% 277.1% −12.9% −13.0% 7.0% −2.8% 40.4%
FCF growth −0.1% 10.5% 40.3% 3.1% 41.5% 24.6% −6.9% 2.5% 9.4% −16.5%
Share count change 6.9% 27.0% 15.3% 21.1% 18.7% 10.0% 9.1% 0.9% 1.0% 2.6%
Financial health
Debt / equity 1.0x 0.9x 0.8x 0.7x 0.6x 0.7x 0.7x 0.8x 0.9x 0.9x
Capital allocation
Capex / revenue 12.2% 15.2% 9.9% 16.0% 11.5% 7.0% 17.0% 15.2% 19.6% 24.2%
Stock comp / revenue 3.9% 3.2% 2.5% 2.5% 2.4% 2.7% 1.8% 1.6% 1.5% 1.5%
Payouts / FCF 111.5% 121.2% 97.4% 112.6% 94.2% 82.8% 96.6% 94.5% 88.7% 109.7%
Quality scores
Accruals ratio −5.0% −5.4% −3.6% −5.1% −2.1% −2.7% −3.5% −3.2% −4.1% −2.7%

Source: SEC EDGAR XBRL filings (CIK 0001479094). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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