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NYSE · Real Estate

STAG Industrial, Inc. (STAG)

As-reported financials and SEC filings for STAG Industrial, Inc. The latest annual period is FY2025. The latest reported quarter is Q1 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust that acquires, owns, develops, and operates industrial properties across the United States. The company manages a portfolio of industrial buildings, primarily in CBRE-EA Tier 1 markets, serving a diverse range of tenants and industries. As of the end of 2025, STAG Industrial owns over 600 buildings totaling approximately 120 million rentable square feet and focuses on generating cash flow and long-term asset appreciation through individual property acquisitions and active management.

Snapshot

Revenue
$845.2M
Revenue growth (YoY)
10.1%
Net income
$273.5M
Diluted EPS
Gross margin
Operating margin
Net margin
32.4%
FCF margin
ROE
7.5%
net income / fiscal-year-end equity
P/E
28.6×
trailing when available, otherwise FY EPS
Market cap
$7.32B
Long-term debt / equity
0.89×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at STAG Industrial

  • Revenue grew 10.1% to $845M in FY2025, in line with the 8.4% the year before.
  • Most recent quarter Q1 FY2026: revenue $224M, up 9.1% from Q1 FY2025.
  • Net income rose 44.6% to $274M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where STAG Industrial’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin32.4%
80th percentile of 156
Revenue growth (YoY)+10.1%
78th percentile of 161
ROE7.5%
72nd percentile of 142
P/E28.6×
53rd percentile of 109
Long-term debt / equity0.89×
40th percentile of 100
Short interest5.29d
62nd percentile of 152

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$148.4M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$75.5M2.0MAdded
Gotham Asset ManagementQ2 2026$32.2M845.2KAdded
AQR Capital ManagementquantQ2 2026$19.3M506.9KAdded
Millennium ManagementquantQ2 2026$8.8M231.7KNew
Citadel AdvisorsquantQ2 2026$7.8M203.9KReduced
Renaissance TechnologiesquantQ2 2026$3.9M103.3KAdded
D. E. ShawquantQ2 2026$928,16924.4KAdded

No longer held by: Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
7.3M
settled 2026-08-14
Change vs prior
-0.6%
vs previous settlement
Days to cover
5.29
at avg daily volume
Avg daily volume
1.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-147.3M-0.6%5.29
2026-07-317.3M-4.9%3.82
2026-07-157.7M+6.1%4.36
2026-06-307.3M+25.9%4.34
2026-06-155.8M-4.7%4.75
2026-05-296.1M-9.6%5.35
2026-05-156.7M-3.6%5.43
2026-04-307.0M+5.8%6.07

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$845.2M$767.4M$707.8M$657.3M$562.2M
Gross profit
Operating income
Net income$273.5M$189.2M$192.8M$178.3M$192.3M
Diluted EPS

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$14.9M$36.3M$20.7M$25.9M$19.0M
Current assets
Total assets$7.21B$6.83B$6.28B$6.18B$5.83B
Current liabilities
Long-term debt$3.27B$3.03B$2.62B$2.50B$2.22B
Total liabilities$3.54B$3.30B$2.84B$2.73B$2.44B
Total equity$3.67B$3.53B$3.45B$3.46B$3.39B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$463.4M$460.3M$391.1M$387.9M$336.2M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$224.2M9.1%$62.0M
Q4 FY2025$220.9M10.8%$83.5M$0.44
Q3 FY2025$211.1M10.7%$48.6M
Q2 FY2025$207.6M9.4%$50.0M
Q1 FY2025$205.6M9.6%$91.4M
Q4 FY2024$199.3M8.7%$51.0M$0.28
Q3 FY2024$190.7M6.4%$41.9M
Q2 FY2024$189.8M10.5%$59.8M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate Investment Trusts
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ1 FY2026 (ended March 31, 2026)
Oldest indexed filing2014
SEC CIK1479094

Selected SEC filings

10-K2026-02-11
View on EDGAR →
10-Q2026-07-28
View on EDGAR →
10-Q2026-04-28
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-07-22
View on EDGAR →
8-K2026-04-29
View on EDGAR →
8-K2026-04-28
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.