STAG Industrial Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), STAG Industrial Inc reported revenue of $845.2M (+10.1% year on year) and net income of $279.3M (+44.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Rental income | $843.0M | $762.9M | $705.2M | $654.4M |
| Other income | $2.2M | $4.5M | $2.7M | $3.0M |
| Total revenue | $845.2M | $767.4M | $707.8M | $657.3M |
| Property | $171.8M | $154.8M | $139.6M | $125.7M |
| General and administrative | $51.9M | $49.2M | $47.5M | $47.0M |
| Depreciation and amortization | $301.8M | $293.1M | $278.4M | $275.0M |
| Loss on impairment | $888.0K | $5.0M | $0 | $1.8M |
| Other expenses | $1.8M | $2.3M | $4.7M | $4.4M |
| Total expenses | $528.2M | $504.4M | $470.2M | $453.8M |
| Interest and other income | $385.0K | $44.0K | $68.0K | $103.0K |
| Interest expense | ($132.2M) | ($113.2M) | ($94.6M) | ($78.0M) |
| Debt extinguishment and modification expenses | ($1.5M) | ($703.0K) | $0 | ($838.0K) |
| Gain on involuntary conversion | $1.9M | $11.8M | — | $0 |
| Gain on the sales of rental property, net | $93.8M | $32.3M | $54.1M | $57.5M |
| Total other income (expense) | ($37.7M) | ($69.7M) | ($40.4M) | ($21.3M) |
| Net income | $279.3M | $193.3M | $197.2M | $182.2M |
| Less: income attributable to noncontrolling interest in operating partnership | $5.8M | $4.0M | $4.4M | $3.9M |
| Net income attributable to STAG Industrial, Inc. | $273.5M | $189.2M | $192.8M | $178.3M |
| Less: amount allocated to participating securities | $169.0K | $182.0K | $212.0K | $237.0K |
| Net income attributable to common stockholders | $273.4M | $189.0M | $192.6M | $178.1M |
| Weighted average common shares outstanding — basic | 186.8M | 182.2M | 180.2M | 178.8M |
| Weighted average common shares outstanding — diluted | 187.2M | 182.4M | 180.6M | 178.9M |
| Net income per share attributable to common stockholders — basic | $1.46 | $1.04 | $1.07 | $1.00 |
| Net income per share attributable to common stockholders — diluted | $1.46 | $1.04 | $1.07 | $1.00 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Rental income | $223.5M | $223.8M | $210.0M | $207.4M |
| Other income | $841.0K | $359.0K | $1.1M | $155.0K |
| Total revenue | $224.4M | $224.2M | $211.1M | $207.6M |
| Property | $45.0M | $47.3M | $42.2M | $40.4M |
| General and administrative | $13.5M | $13.9M | $12.2M | $12.9M |
| Depreciation and amortization | $82.2M | $78.6M | $76.0M | $74.5M |
| Loss on impairment | $0 | — | $0 | $888.0K |
| Other expenses | $455.0K | $438.0K | $563.0K | ($58.0K) |
| Total expenses | $141.3M | $140.2M | $130.9M | $128.6M |
| Interest and other income | $65.0K | $96.0K | $372.0K | $3.0K |
| Interest expense | ($37.5M) | ($35.9M) | ($31.7M) | ($33.6M) |
| Gain on involuntary conversion | $0 | $0 | $0 | $0 |
| Gain on the sales of rental property, net | $8.3M | $15.1M | $2.2M | $5.7M |
| Total other income (expense) | ($29.1M) | ($20.7M) | ($30.6M) | ($27.9M) |
| Net income | $54.0M | $63.3M | $49.6M | $51.1M |
| Less: income attributable to noncontrolling interest in operating partnership | $1.1M | $1.3M | $1.0M | $1.1M |
| Net income attributable to STAG Industrial, Inc. | $52.9M | $62.0M | $48.6M | $50.0M |
| Less: amount allocated to participating securities | $39.0K | $38.0K | $42.0K | $42.0K |
| Net income attributable to common stockholders | $52.9M | $62.0M | $48.6M | $50.0M |
| Weighted average common shares outstanding — basic | 191.2M | 191.0M | 186.6M | 186.5M |
| Weighted average common shares outstanding — diluted | 191.3M | 191.2M | 186.8M | 186.9M |
| Net income per share attributable to common stockholders — basic | $0.28 | $0.32 | $0.26 | $0.27 |
| Net income per share attributable to common stockholders — diluted | $0.28 | $0.32 | $0.26 | $0.27 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Land | $811.6M | $771.8M | $698.6M | $647.1M |
| Buildings and improvements, net of accumulated depreciation of $1,119,931 and $1,085,866, respectively | $5.6B | $5.3B | $4.8B | $4.7B |
| Deferred leasing intangibles, net of accumulated amortization of $425,502 and $386,627, respectively | $395.0M | $428.9M | $435.7M | $508.9M |
| Total rental property, net | $6.8B | $6.5B | $6.0B | $5.9B |
| Cash and cash equivalents | $14.9M | $36.3M | $20.7M | $25.9M |
| Restricted cash | $86.0M | $1.1M | $1.1M | $905.0K |
| Tenant accounts receivable | $156.5M | $136.4M | $128.3M | $115.5M |
| Prepaid expenses and other assets | $104.5M | $96.2M | $80.5M | $71.7M |
| Interest rate swaps | $13.5M | $36.5M | $50.4M | $72.2M |
| Operating lease right-of-use assets | $32.7M | $31.2M | $29.6M | $31.3M |
| Total assets | $7.2B | $6.8B | $6.3B | $6.2B |
| Unsecured credit facility | $262.0M | $409.0M | $402.0M | $175.0M |
| Unsecured term loans, net | $1.0B | $1.0B | $1.0B | $1.0B |
| Unsecured notes, net | $2.0B | $1.6B | $1.2B | $1.3B |
| Mortgage note, net | $4.0M | $4.2M | $4.4M | $7.9M |
| Accounts payable, accrued expenses and other liabilities | $135.4M | $126.8M | $83.2M | $97.4M |
| Interest rate swaps | $1.3M | — | — | $0 |
| Tenant prepaid rent and security deposits | $59.2M | $56.2M | $44.2M | $40.8M |
| Dividends and distributions payable | $24.2M | $23.5M | $22.7M | $22.3M |
| Deferred leasing intangibles, net of accumulated amortization of $34,098 and $31,368, respectively | $25.6M | $33.3M | $29.9M | $32.4M |
| Operating lease liabilities | $37.0M | $35.3M | $33.6M | $35.1M |
| Total liabilities | $3.5B | $3.3B | $2.8B | $2.7B |
| Preferred stock, par value $0.01 per share, 20,000,000 shares authorized at December 31, 2025 and December 31, 2024; none issued or outstanding | $0.00 | $0.00 | $0.00 | $0.00 |
| Common stock, par value $0.01 per share, 300,000,000 shares authorized at December 31, 2025 and December 31, 2024, 191,005,261 and 186,517,523 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $1910000.00 | $1865000.00 | $1817000.00 | $1792000.00 |
| Additional paid-in capital | $4.6B | $4.4B | $4.3B | $4.2B |
| Cumulative dividends in excess of earnings | ($1.0B) | ($1.0B) | ($948.7M) | ($876.1M) |
| Accumulated other comprehensive income | $11.9M | $35.6M | $49.2M | $70.5M |
| Total stockholders’ equity | $3.6B | $3.5B | $3.4B | $3.4B |
| Noncontrolling Interest in Operating Partnerships | $71.3M | $69.9M | — | — |
| Noncontrolling interest in joint ventures | $4.0M | $1.5M | — | — |
| Total equity | $3.7B | $3.5B | $3.4B | $3.5B |
| Total liabilities and equity | $7.2B | $6.8B | $6.3B | $6.2B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Land | $848.8M | $815.6M | $793.2M | $782.0M |
| Buildings and improvements, net of accumulated depreciation of $1,213,281 and $1,119,931, respectively | $5.8B | $5.6B | $5.4B | $5.3B |
| Deferred leasing intangibles, net of accumulated amortization of $458,083 and $425,502, respectively | $401.8M | $383.3M | $381.7M | $392.7M |
| Total rental property, net | $7.1B | $6.8B | $6.6B | $6.5B |
| Cash and cash equivalents | $65.9M | $8.9M | $17.3M | $15.4M |
| Restricted cash | $670.0K | $30.3M | $1.1M | $20.5M |
| Tenant accounts receivable | $161.1M | $161.4M | $145.0M | $138.9M |
| Prepaid expenses and other assets | $115.1M | $111.1M | $109.7M | $100.5M |
| Interest rate swaps | $19.2M | $15.6M | $16.9M | $19.7M |
| Operating lease right-of-use assets | $31.6M | $32.2M | $29.8M | $30.1M |
| Assets held for sale, net | $14.2M | $7.5M | $6.1M | — |
| Total assets | $7.5B | $7.2B | $6.9B | $6.8B |
| Unsecured credit facility | $449.0M | $200.0M | $110.0M | $51.0M |
| Unsecured term loans, net | $1.0B | $1.0B | $1.0B | $1.0B |
| Unsecured notes, net | $2.0B | $2.0B | $2.0B | $2.0B |
| Mortgage note, net | $3.9M | $3.9M | $4.0M | $4.1M |
| Accounts payable, accrued expenses and other liabilities | $129.6M | $127.6M | $154.5M | $117.8M |
| Interest rate swaps | $2.0K | $460.0K | $1.3M | $1.3M |
| Tenant prepaid rent and security deposits | $59.8M | $62.5M | $55.1M | $54.4M |
| Dividends and distributions payable | $76.2M | $75.6M | $23.7M | $23.7M |
| Deferred leasing intangibles, net of accumulated amortization of $34,309 and $34,098, respectively | $23.6M | $23.6M | $26.9M | $29.0M |
| Operating lease liabilities | $36.0M | $36.5M | $34.0M | $34.4M |
| Total liabilities | $3.8B | $3.5B | $3.4B | $3.3B |
| Preferred stock | $0 | $0 | $0 | $0 |
| Common stock, par value $0.01 per share, 300,000,000 shares authorized at June 30, 2026 and December 31, 2025, 192,803,274 and 191,005,261 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | $1928000.00 | $1912000.00 | $1867000.00 | $1867000.00 |
| Additional paid-in capital | $4.7B | $4.6B | $4.5B | $4.5B |
| Cumulative dividends in excess of earnings | ($1.1B) | ($1.0B) | ($1.0B) | ($1.0B) |
| Accumulated other comprehensive income | $18.7M | $14.7M | $15.2M | $18.0M |
| Total stockholders’ equity | $3.6B | $3.6B | $3.4B | $3.4B |
| Noncontrolling interest in operating partnership | $74.2M | $74.6M | $71.1M | $72.4M |
| Noncontrolling interest in joint ventures | $4.0M | $4.0M | $3.7M | $3.3M |
| Total equity | $3.7B | $3.7B | $3.5B | $3.5B |
| Total liabilities and equity | $7.5B | $7.2B | $6.9B | $6.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $279.3M | $193.3M | $197.2M | $182.2M |
| Depreciation and amortization | $301.8M | $293.1M | $278.4M | $275.0M |
| Loss on impairment | $888.0K | $5.0M | $0 | $1.8M |
| Gain on involuntary conversion | ($1.9M) | ($11.8M) | — | $0 |
| Non-cash portion of interest expense | $5.4M | $4.5M | $3.9M | $3.7M |
| Amortization of above and below market leases, net | ($2.5M) | ($602.0K) | ($887.0K) | ($352.0K) |
| Straight-line rent adjustments, net | ($19.4M) | ($14.4M) | ($16.6M) | ($17.6M) |
| Debt extinguishment and modification expenses | $30.0K | $36.0K | $0 | $21.0K |
| Gain on the sales of rental property, net | ($93.8M) | ($32.3M) | ($54.1M) | ($57.5M) |
| Non-cash compensation expense | $12.7M | $11.7M | $11.5M | $12.1M |
| Tenant accounts receivable | $1.2M | $4.6M | $1.9M | ($6.4M) |
| Prepaid expenses and other assets | ($28.0M) | ($27.4M) | ($23.9M) | ($21.9M) |
| Accounts payable, accrued expenses and other liabilities | $4.6M | $22.7M | ($9.2M) | $13.5M |
| Tenant prepaid rent and security deposits | $3.1M | $11.9M | $2.9M | $3.3M |
| Total adjustments | $184.1M | $267.0M | $193.9M | $205.7M |
| Net cash provided by operating activities | $463.4M | $460.3M | $391.1M | $387.9M |
| Additions of land and buildings and improvements | ($398.4M) | ($624.7M) | ($304.0M) | ($421.8M) |
| Acquisitions of land and buildings and improvements | ($204.5M) | ($150.4M) | ($107.9M) | ($111.7M) |
| Acquisitions of other assets | ($167.0K) | ($243.0K) | $0 | ($2.1M) |
| Payment to acquire operating lease right-of-use assets | ($3.5M) | ($3.6M) | $0 | ($3.5M) |
| Proceeds from sale of rental property, net | $164.2M | $126.5M | $105.6M | $135.3M |
| Acquisitions of tenant prepaid rent | $0 | $0 | $511.0K | $445.0K |
| Acquisition deposits, net | ($350.0K) | ($450.0K) | $3.9M | $1.4M |
| Acquisitions of deferred leasing intangibles | ($58.1M) | ($81.7M) | ($18.5M) | ($49.2M) |
| Acquisition of operating lease liabilities | $3.5M | $3.6M | $0 | $3.5M |
| Net cash used in investing activities | ($497.3M) | ($731.1M) | ($320.3M) | ($447.5M) |
| Proceeds from unsecured credit facility | $1.4B | $2.0B | $1.2B | $1.3B |
| Repayment of unsecured credit facility | ($1.5B) | ($2.0B) | ($940.0M) | ($1.4B) |
| Proceeds from unsecured term loans | $55.0M | $0 | $0 | $375.0M |
| Repayment of unsecured term loans | ($55.0M) | $0 | $0 | ($325.0M) |
| Proceeds from unsecured notes | $550.0M | $450.0M | $0 | $400.0M |
| Repayments of Unsecured Debt | ($175.0M) | ($50.0M) | ($100.0M) | — |
| Repayment of mortgage notes | ($223.0K) | ($215.0K) | ($3.5M) | ($46.9M) |
| Payment of loan fees and costs | ($4.9M) | ($12.5M) | ($270.0K) | ($5.2M) |
| Dividends and distributions | ($284.0M) | ($274.9M) | ($267.6M) | ($266.8M) |
| Proceeds from sales of common stock, net | $156.7M | $167.3M | $69.5M | $54.8M |
| Repurchase and retirement of share-based compensation | ($649.0K) | ($1.0M) | ($812.0K) | ($1.6M) |
| Proceeds from (Payments to) Noncontrolling Interests | $2.5M | $651.0K | — | — |
| Net cash provided by (used in) financing activities | $97.4M | $286.3M | ($75.7M) | $63.2M |
| Increase (decrease) in cash and cash equivalents and restricted cash | $63.5M | $15.5M | ($4.9M) | $3.6M |
| Cash and cash equivalents and restricted cash—beginning of period | $37.4M | $21.9M | $26.8M | $23.2M |
| Cash and cash equivalents and restricted cash—end of period | $100.9M | $37.4M | $21.9M | $26.8M |
| Cash paid for interest, net of amounts capitalized of $3,612, $2,268, and $2,600 for 2025, 2024, and 2023, respectively | $127.7M | $108.8M | $90.0M | $72.7M |
| Acquisitions of land and buildings and improvements | ($780.0K) | ($3.3M) | ($66.0K) | $0 |
| Acquisitions of deferred leasing intangibles | ($129.0K) | ($357.0K) | ($6.0K) | $0 |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $117.3M | $63.3M | $194.1M | $144.4M |
| Depreciation and amortization | $160.8M | $78.6M | $224.3M | $148.4M |
| Loss on impairment | $0 | — | $888.0K | $888.0K |
| Gain on involuntary conversion | $0 | $0 | ($1.9M) | ($1.9M) |
| Non-cash portion of interest expense | $2.7M | $1.4M | $4.0M | $2.6M |
| Amortization of above and below market leases, net | ($837.0K) | ($509.0K) | ($1.9M) | ($1.2M) |
| Straight-line rent adjustments, net | ($13.4M) | ($6.5M) | ($15.2M) | ($9.1M) |
| Gain on the sales of rental property, net | ($23.4M) | ($15.1M) | ($57.8M) | ($55.6M) |
| Non-cash compensation expense | $7.0M | $3.5M | $9.6M | $6.4M |
| Tenant accounts receivable | $5.8M | $207.0K | $7.1M | $6.8M |
| Prepaid expenses and other assets | ($20.8M) | ($12.7M) | ($28.2M) | ($14.2M) |
| Accounts payable, accrued expenses and other liabilities | ($7.4M) | $2.0M | $25.0M | ($10.4M) |
| Tenant prepaid rent and security deposits | $529.0K | $3.3M | ($1.1M) | ($1.7M) |
| Total adjustments | $111.0M | $54.1M | $164.8M | $71.0M |
| Net cash provided by operating activties | $228.4M | $117.4M | $358.9M | $215.4M |
| Acquisitions of land and buildings and improvements | ($72.2M) | $41.3M | $143.9M | $95.9M |
| Acquisitions of land and buildings and improvements | ($334.5M) | ($69.5M) | ($150.4M) | ($57.9M) |
| Additions of other assets | ($1.2M) | — | — | — |
| Proceeds from sales of rental property, net | $51.4M | $29.6M | $78.3M | $72.6M |
| Acquisition deposits, net | $800.0K | $450.0K | ($30.0K) | $450.0K |
| Acquisitions of deferred leasing intangibles | ($52.8M) | ($11.2M) | ($20.8M) | ($8.9M) |
| Net cash used in investing activities | ($408.4M) | ($92.0M) | ($236.9M) | ($89.6M) |
| Proceeds from unsecured credit facility | $977.0M | $168.0M | $873.0M | $707.0M |
| Repayment of unsecured credit facility | ($790.0M) | ($230.0M) | ($1.2B) | ($1.1B) |
| Proceeds from unsecured notes | $0 | — | $550.0M | $550.0M |
| Repayment of unsecured notes | $0 | $0 | ($175.0M) | ($175.0M) |
| Repayment of mortgage note | ($114.0K) | ($57.0K) | ($166.0K) | ($110.0K) |
| Payment of loan fees and costs | $0 | $0 | ($4.7M) | ($2.9M) |
| Proceeds from sales of common stock, net | $59.5M | $177.0K | $595.0K | $467.0K |
| Dividends and distributions | ($100.0M) | ($24.3M) | ($213.0M) | ($142.0M) |
| Income taxes paid on vested equity compensation | ($644.0K) | ($644.0K) | ($649.0K) | ($649.0K) |
| Contributions from noncontrolling interest in joint ventures | $0 | $0 | $2.1M | $1.8M |
| Net Cash Provided by (Used in) Financing Activities, Total | $145.7M | ($87.2M) | ($141.0M) | ($127.3M) |
| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total | ($34.3M) | ($61.7M) | ($19.0M) | ($1.5M) |
| Cash and cash equivalents and restricted cash—beginning of period | $100.9M | $100.9M | $37.4M | $37.4M |
| Cash and cash equivalents and restricted cash—end of period | $66.6M | $39.2M | $18.4M | $35.8M |
| Cash paid for interest, net of amounts capitalized of $1,500 and $1,700 for 2026 and 2025, respectively | $69.8M | $15.3M | $76.4M | $63.4M |
| Acquisitions of land and buildings and improvements | ($905.0K) | $0 | ($342.0K) | ($342.0K) |
| Acquisitions of deferred leasing intangibles | ($161.0K) | $0 | ($58.0K) | ($58.0K) |
| Additions to building and other capital improvements from involuntary conversion | $0 | $0 | ($1.9M) | ($1.9M) |
| Change in additions of land, building, and improvements included in accounts payable, accrued expenses and other liabilities | ($2.3M) | $8.9M | $1.5M | $473.0K |
| Additions to building and other capital improvements from non-cash compensation | ($238.0K) | ($111.0K) | ($203.0K) | ($137.0K) |
| Additions of other assets | ($910.0K) | — | — | — |
| Change in loan fees, costs, and offering costs included in accounts payable, accrued expenses and other liabilities | ($137.0K) | ($67.0K) | ($452.0K) | ($409.0K) |
| Dividends and distributions payable | $76.2M | $75.6M | $23.7M | $23.7M |
STAG Industrial Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.