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Stag Industrial, Inc.

STAG Real Estate Reit Industrial

Stag Industrial, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $845.2 million, up 10.1% from fiscal 2024.

Revenue
+9.44%
EPS
+44.0%
Free cash flow
+2,111.2%
Total debt
+9.80%

Quarter to September 2026, against a year earlier

36.74 0.17 −0.46%
Market cap
$7.1B
P/E
26.1×
Fwd P/E
33.6×
Dividend yield
3.82%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 5.35
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 3 — — — — — — — — —
Insider Ownership 0.09%

Capital & Financial Ratios $m

Size
Market Cap 7,120.00
Revenue ttm 900.52
Net income ttm 274.68
Free cash flow ttm (271.25)
Net debt Q 3,392.62
Valuation
P/E 26.08
Forward P/E 33.60
Price / sales 7.89
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.91
Financial health
Current ratio Q 1.13
Debt / equity Q 0.91
Interest coverage Q 2.27
Growth
Revenue growth Q +9.44% (above 0%: growing)
Operating income growth Q +10.43% (above 0%: growing)
EPS, this year −20.96% (below 0%: weak)
EPS, next year A −1.25% (below 0%: weak)
Revenue, next year A +7.68%
EPS, past 5 yrs +2.04%
EPS, next 5 yrs A −9.02% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 11.7×, against a ten-year median of 12.7×; over the ten years it ranged from 9.5× in 2016 to 17.8× in 2021.
P/E against its own 10 years 11.88%
10-year low 10-year high
P/S against its own 10 years 18.04%
10-year low 10-year high
P/B against its own 10 years 45.07%
10-year low 10-year high
EV/Sales against its own 10 years 17.97%
10-year low 10-year high

Dividends raised 7 years running

Yield
3.82%
Annual rate
1.41
Payout ratio
99.8%
Growth, 2017–25
−0.27%/yr
  1. 1.52 ’17
  2. 1.42 ’18 −7
  3. 1.43 ’19 +1
  4. 1.44 ’20 +1
  5. 1.45 ’21 +1
  6. 1.46 ’22 +1
  7. 1.47 ’23 +1
  8. 1.48 ’24 +1
  9. 1.49 ’25 +1
  10. 1.55 ’26e +4
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 22 37 101 13
Receivables 128 136 156 168
Inventory — — — —
Other — — — —
150 174 257 181
2023 2024 2025 Q'26
Payables 83 127 135 160
ST’ Debt — — — —
Other — — — —
83 127 135 160

Compound Annual Growth %

10y 5y 3y
Sales 14.48% 11.82% 8.74%
Cash Flow 14.30% 9.53% 6.10%
Earnings 0.00% 6.80% 15.35%
Book Value 15.65% 5.79% 2.01%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.66 Actual 0.66

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.63 0.66 Beat by 0.03
Q1 FY26 0.65 0.65 Met by 0.00
Q2 FY26 0.65 0.65 Met by 0.00
Q3 FY26 0.66 0.66 Met by 0.00
Q4 FY26 0.68 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.32 0.28 0.37 — —
’25 0.49 0.27 0.26 0.44 1.46
’24 0.20 0.33 0.23 0.28 1.04
’23 0.28 0.29 0.28 0.23 1.07
’22 0.30 0.18 0.35 0.17 1.00
’21 0.13 0.20 0.30 0.50 1.15
’20 0.42 0.12 0.15 0.63 1.32
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 224 224 231 — —
’25 206 208 211 221 845
’24 188 190 191 199 767
’23 174 172 179 183 708
’22 159 162 166 170 657
’21 134 138 142 148 562
’20 119 118 117 130 483
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 117 111 147 — —
’25 104 112 144 104 463
’24 105 122 128 105 460
’23 86 110 103 92 391
’22 89 102 107 90 388
’21 73 89 92 82 336
’20 71 78 76 70 294
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 25 (206) 65 — —
’25 78 47 (3) (155) (33)
’24 31 (51) (15) (235) (270)
’23 95 74 (105) 3 66
’22 (57) (85) 43 40 (59)
’21 (8) (31) (306) (537) (881)
’20 35 57 19 (372) (261)
Fiscal quarters ending in the months shown.

Valuation

The price implies FFO a share growing 0.9% a year for ten years. It grew 5.9% a year over the last ten.

Implied
0.9%
10 years, reported
5.9%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 250 301 351 406 483 562 657 708 767 845 901 +14.5% 910 972 1,057 +7.7%
Gross margin, % 78.63 79.05 80.34 81.48 81.51 80.79 80.88 80.28 79.82 79.67 79.55 +1.0 pt
EBT 36 32 96 51 207 196 182 197 193 279 275 +25.7%
EBT margin, % 14.22 10.69 27.42 12.48 42.78 34.94 27.72 27.86 25.19 33.04 30.50 +18.8 pt
Net income 36 32 96 51 207 196 182 197 193 279 275 +25.7%
Per share, $
Per share, $ Revenue 3.54 3.36 3.39 3.24 3.25 3.44 3.68 3.93 4.21 4.52 4.67 +2.8%
Earnings 0.29 0.24 0.80 0.35 1.32 1.15 1.00 1.07 1.04 1.46 1.41 +19.7%
Cash flow 1.92 1.81 1.91 1.86 1.98 2.06 2.17 2.17 2.53 2.48 2.49 +2.9%
Capex (4.89) (6.41) (4.85) (9.76) (3.73) (7.45) (2.50) (1.80) (4.01) (2.66) (3.90) (6.6%)
Free cash flow (2.97) (4.60) (2.94) (7.90) (1.75) (5.39) (0.33) 0.37 (1.48) (0.18) (1.41) (26.8%)
Book value 15.10 15.75 16.15 18.85 18.62 20.76 19.35 19.12 19.37 19.65 19.35 +3.0%
Shares, m 71 90 103 125 149 163 179 180 182 187 190 +11.4%
Valuation, ×
Valuation, × P/E 98.79 123.18 31.90 92.85 23.73 42.44 32.35 36.66 32.52 25.18 26.08 54.0
P/S 6.69 8.06 7.33 9.75 9.64 13.94 8.80 10.08 8.03 8.13 7.89 9.0
P/B 1.82 1.92 1.61 1.73 1.73 2.31 1.67 2.07 1.75 1.87 1.91 1.8
EV/Sales 10.75 11.86 11.04 13.77 13.12 17.85 12.56 13.76 11.93 11.86 11.66 12.8
EV/FCF (12.81) (8.68) (12.75) (5.65) (24.30) (11.39) (139.13) 146.68 (33.89) (300.08) (38.72) (40.2)
Cash, $m
Cash, $m Operating cash flow 136 162 198 233 294 336 388 391 460 463 480 +14.6%
Capex (346) (574) (502) (1,224) (555) (1,217) (447) (325) (730) (497) (752) +4.1%
Free cash flow (210) (412) (304) (990) (261) (881) (59) 66 (270) (33) (271) (18.5%)
Balance, $m
Balance, $m Working capital 12 19 19 16 28 40 45 67 47 122 21 +29.8%
Net debt 1,014 1,146 1,303 1,633 1,683 2,195 2,472 2,602 2,992 3,153 3,393 +13.4%
Shareholders’ equity 1,067 1,410 1,670 2,364 2,771 3,394 3,458 3,446 3,529 3,671 3,729 +14.7%
Returns, %
Returns, % ROA 0.99 0.87 2.85 1.21 4.44 3.58 2.96 3.09 2.88 3.89 3.74 +2.9 pt
ROIC 0.60 1.23 1.53 1.53 1.85 1.83 2.14 2.46 2.52 2.90 2.98 +2.3 pt
ROE 2.47 1.93 5.76 2.26 7.89 6.18 5.20 5.58 5.42 7.59 7.44 +5.1 pt
People
People Employees 68 72 73 72 78 86 93 95 91 93 — +3.5%
Revenue/emp, $m 3.68 4.18 4.81 5.64 6.20 6.54 7.07 7.45 8.43 9.09 — +10.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

STAG Industrial is a real estate investment trust, or REIT, that acquires, owns, develops and operates industrial properties across the United States. It leases buildings to businesses that need industrial space, including distribution, manufacturing and data-center-related tenants. Some properties have several tenants, but most of the portfolio consists of single-tenant buildings.

STAG incorporated in 2010 and is headquartered in Boston, Massachusetts. William R. Crooker is its president and chief executive officer. As of December 31, 2025, the company owned 601 buildings in 41 states, with approximately 120.0 million rentable square feet. It also had seven development projects that were not included in the building count.

Stag Industrial, Inc. vs peers in Reit Industrial (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EGP EastGroup Properties, Inc. $10.4B 32.9× 32.7× +9.50% (above 0%: growing) +15.87% (above 0%: growing) +22.82% (above 0%: growing) 74.02% 41.57% Compare
CUBE CubeSmart $10.2B 29.8× 27.9× +3.12% (above 0%: growing) +16.11% (above 0%: growing) −5.37% (below 0%: shrinking) 67.42% 42.77% Compare
LINE Lineage, Inc. $9.0B — (loss-making) — (loss-making) +0.81% (above 0%: growing) n/m +91.92% (above 0%: growing) 31.23% 3.97% Compare
REXR Rexford Industrial Realty, Inc. $8.1B — (loss-making) — (loss-making) −5.58% (below 0%: shrinking) −81.08% (below 0%: shrinking) +58.30% (above 0%: growing) 76.16% 39.41% Compare
FR First Industrial Realty Trust, Inc. $7.4B 20.1× 21.7× +8.65% (above 0%: growing) −10.20% (below 0%: shrinking) −240.72% (below 0%: shrinking) 74.45% 44.21% Compare
TRNO Terreno Realty Corporation $7.3B 19.9× 33.2× +13.74% (above 0%: growing) −38.00% (below 0%: shrinking) +118.95% (above 0%: growing) 75.26% 42.18% Compare
STAG Stag Industrial, Inc. $7.1B 26.1× 33.6× +9.44% (above 0%: growing) +44.00% (above 0%: growing) +2,111.22% (above 0%: growing) 79.99% 38.36%
COLD Americold Realty Trust Inc. $4.5B 19.0× — (loss-making) +4.20% (above 0%: growing) n/m +237.07% (above 0%: growing) 32.79% 107.39% Compare
SMA Smartstop Self Storage REIT Inc $2.3B 75.1× 54.8× +18.65% (above 0%: growing) n/m +93.06% (above 0%: growing) 60.10% 22.55% Compare
Median of peers $7.7B 25.0× 32.7× +6.43% −10.20% +75.11% 70.72% 41.88%

All 14 Reit Industrial stocks →

From the latest earnings call

Updated

  • CEO William Crooker said demand from logistics, advanced manufacturing and data-center-related tenants supported industrial leasing, with market rent growth expected to accelerate in 2027.
  • CFO Matts Pinard said higher occupancy expectations and lower-than-expected credit losses prompted STAG to raise its 2026 same-store cash NOI growth guidance.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 93.28%
Held by the ten largest 54.80%
Holder Shares Stake Change
BlackRock 28.83m 14.95% +183.44k
Vanguard 27.48m 14.25% +457.14k
Fidelity (FMR) 12.66m 6.56% −1.59m
State Street 9.18m 4.76% +11.92k
Norges Bank 8.01m 4.15% +8.01m
Nuveen (TIAA) 4.44m 2.30% +389.26k
Geode Capital Management 4.08m 2.12% +80.88k
Charles Schwab 3.75m 1.94% +127.00k
AllianceBernstein 3.68m 1.91% +82.81k
JPMorgan Chase 3.56m 1.85% +779.97k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 18 March 2026

Ownership

Directors and executive officers, together 1.10%
The Vanguard Group—23-1945930 13.40%
BlackRock, Inc. 11.10%
FMR LLC 7.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Stag Industrial, Inc. (STAG) Latest News

29 Oct

Impact 4 · · MarketBeat

28 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 3 · · Associated Press

27 Oct

Impact 4 · · PR Newswire
Impact 3 · · Zacks

6 Aug

Impact 3 ·

30 Jul

Impact 3 · · MarketBeat transcript
Impact 3 ·

29 Jul

Impact 3 ·
Impact 3 ·

28 Jul

Impact 3 ·

3 Jul

Impact 3 ·

8 May

Impact 4 · · Simply Wall St.

4 May

Impact 4 · · MT Newswires
Impact 3 · · Simply Wall St.

2 May

Impact 4 · · MarketBeat

30 Apr

Impact 4 ·

29 Apr

Impact 4 · · The Motley Fool transcript
Impact 3 · · Moby

28 Apr

Impact 4 · · The Motley Fool transcript
Impact 4 · · PR Newswire

13 Feb

Impact 4 · · MarketBeat transcript

12 Feb

Impact 4 · · GuruFocus.com transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby transcript
Impact 3 · · Simply Wall St.
Impact 3 · · 24/7 Wall St.

11 Feb

Impact 4 · · Zacks
Impact 4 · · Associated Press Finance24/7 Wall St.Motley FoolBarchartMotley Fool24/7 Wall St.Motley FoolGOBankingRates earnings

STAG metrics, ten years each

stockrow.com/STAG · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com