STAG Industrial (STAG) Financials

$33.20 -0.48 (-1.41%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$33.90 +0.70 (+2.10%)

As of 08:02 AM Eastern

Annual Income Statements for STAG Industrial

This table shows STAG Industrial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-39	20	21	82	44	197	188	178	193	189
Consolidated Net Income / (Loss)	-29	36	32	96	51	207	196	182	197	193
Net Income / (Loss) Continuing Operations	-29	36	32	96	51	207	196	182	197	193
Total Pre-Tax Income	-29	36	32	96	51	207	196	182	197	193
Total Operating Income	1.76	20	50	73	98	132	164	204	238	263
Total Gross Profit	176	201	243	282	331	394	454	532	568	613
Total Revenue	219	250	301	351	406	483	562	657	708	767
Operating Revenue	218	250	301	351	406	483	562	657	708	767
Total Cost of Revenue	43	49	58	69	75	89	108	126	140	155
Operating Cost of Revenue	43	49	58	69	75	89	108	126	140	155
Total Operating Expenses	174	181	193	209	233	262	290	328	331	350
Selling, General & Admin Expense	30	35	35	35	38	42	52	51	52	52
Depreciation Expense	110	125	151	168	185	215	239	275	278	293
Impairment Charge	29	17	1.88	6.18	9.76	5.58	0.00	1.78	0.00	4.97
Total Other Income / (Expense), net	-31	16	-18	23	-47	75	32	-21	-40	-70
Interest Expense	36	46	42	49	55	63	66	79	95	114
Interest & Investment Income	0.01	0.01	0.01	0.02	0.09	0.45	0.12	0.10	0.07	0.04
Other Income / (Expense), net	4.99	62	24	72	7.39	138	98	57	54	44
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.58	1.45	1.28	3.60	1.70	4.92	4.39	4.15	4.57	4.23
Basic Earnings per Share	($0.58)	$0.29	$0.24	$0.80	$0.35	$1.32	$1.15	$1.00	$1.07	$1.04
Weighted Average Basic Shares Outstanding	66.31M	70.64M	89.54M	103.40M	125.39M	148.79M	163.44M	178.75M	180.22M	182.16M
Diluted Earnings per Share	($0.58)	$0.29	$0.23	$0.79	$0.35	$1.32	$1.15	$1.00	$1.07	$1.04
Weighted Average Diluted Shares Outstanding	66.31M	70.85M	90.00M	103.81M	125.68M	149.22M	164.09M	178.94M	180.56M	182.40M
Weighted Average Basic & Diluted Shares Outstanding	66.31M	82.05M	97.23M	112.50M	148.69M	158.40M	177.95M	179.33M	181.78M	186.56M

This table shows STAG Industrial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	63	30	49	52	50	42	37	60	42	51	91
Consolidated Net Income / (Loss)	65	30	51	53	51	43	37	61	43	52	93
Net Income / (Loss) Continuing Operations	65	30	51	53	51	43	37	61	43	52	93
Total Pre-Tax Income	65	30	51	53	51	43	37	61	43	52	93
Total Operating Income	54	52	53	58	63	63	64	60	68	72	74
Total Gross Profit	136	135	138	139	145	147	148	152	153	159	162
Total Revenue	166	170	174	172	179	183	188	190	191	199	206
Operating Revenue	166	170	174	172	179	183	188	190	191	199	206
Total Cost of Revenue	30	35	36	33	34	37	39	37	38	40	44
Operating Cost of Revenue	30	35	36	33	34	37	39	37	38	40	44
Total Operating Expenses	83	83	85	81	82	83	85	93	85	87	88
Selling, General & Admin Expense	11	14	16	12	12	12	14	12	13	13	14
Depreciation Expense	69	69	69	68	70	71	71	75	73	74	74
Other Operating Expenses / (Income)	-	-	0.00	0.00	0.00	-	-	0.00	0.04	-	0.00
Total Other Income / (Expense), net	11	-22	-2.47	-5.31	-12	-21	-26	1.45	-25	-20	19
Interest Expense	22	22	23	23	24	25	26	27	29	32	33
Interest & Investment Income	0.03	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01
Other Income / (Expense), net	33	-0.01	20	18	12	4.76	0.00	29	3.76	12	52
Net Income / (Loss) Attributable to Noncontrolling Interest	1.45	0.71	1.20	1.24	1.18	0.95	0.87	1.34	0.92	1.10	2.02
Basic Earnings per Share	$0.35	$0.17	$0.28	$0.29	$0.28	$0.22	$0.20	$0.33	$0.23	$0.28	$0.49
Weighted Average Basic Shares Outstanding	179.05M	178.75M	179.20M	179.41M	180.80M	180.22M	181.71M	181.96M	182.03M	182.16M	186.47M
Diluted Earnings per Share	$0.35	$0.17	$0.28	$0.29	$0.28	$0.22	$0.20	$0.33	$0.23	$0.28	$0.49
Weighted Average Diluted Shares Outstanding	179.16M	178.94M	179.30M	179.74M	181.16M	180.56M	181.99M	182.19M	182.30M	182.40M	186.76M
Weighted Average Basic & Diluted Shares Outstanding	179.22M	179.33M	179.38M	179.66M	181.57M	181.78M	182.08M	182.11M	182.21M	186.56M	186.62M
Cash Dividends to Common per Share	$0.37	-	$0.37	$0.37	$0.37	-	$0.37	$0.37	$0.37	-	$0.37

This table details how cash moves in and out of STAG Industrial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-12	1.40	6.32	-5.59	-11	8.48	2.86	3.59	-4.92	16
Net Cash From Operating Activities	122	136	162	198	233	294	336	388	391	460
Net Cash From Continuing Operating Activities	122	136	162	198	233	294	336	388	391	460
Net Income / (Loss) Continuing Operations	-29	36	32	96	51	207	196	182	197	193
Consolidated Net Income / (Loss)	-29	36	32	96	51	207	196	182	197	193
Depreciation Expense	110	125	151	168	185	215	239	275	278	293
Amortization Expense	8.53	6.21	4.58	4.16	4.86	4.34	2.05	-0.35	-0.89	-0.60
Non-Cash Adjustments To Reconcile Net Income	30	-32	-19	-55	15	-129	-97	-57	-55	-37
Changes in Operating Assets and Liabilities, net	2.09	0.71	-6.86	-15	-22	-3.00	-3.67	-12	-28	12
Net Cash From Investing Activities	-372	-346	-572	-507	-1,223	-555	-1,220	-448	-320	-731
Net Cash From Continuing Investing Activities	-372	-346	-572	-507	-1,223	-555	-1,220	-448	-320	-731
Purchase of Property, Plant & Equipment	-17	-30	-46	-35	-65	-56	-40	-112	-108	-150
Acquisitions	-84	-90	-95	-116	-205	-111	-159	-50	-15	-82
Purchase of Investments	-292	-378	-497	-565	-995	-662	-1,211	-422	-304	-625
Sale of Property, Plant & Equipment	22	152	65	208	42	274	188	135	106	126
Other Investing Activities, net	-1.45	0.00	1.80	0.24	0.00	0.78	1.02	0.45	0.51	0.00
Net Cash From Financing Activities	238	212	416	304	979	269	887	63	-76	286
Net Cash From Continuing Financing Activities	238	212	416	304	979	269	887	63	-76	286
Repayment of Debt	-400	-615	-541	-1,071	-1,526	-1,258	-3,613	-1,786	-1,044	-2,032
Payment of Dividends	-106	-117	-141	-159	-190	-224	-246	-267	-268	-274
Issuance of Debt	671	663	678	1,220	1,843	1,314	4,115	2,063	1,167	2,426
Issuance of Common Equity	75	283	422	386	852	438	707	55	69	167
Other Financing Activities, net	0.00	0.00	-0.97	-1.52	-1.60	-1.50	-1.34	-1.60	-0.81	-1.05
Cash Interest Paid	32	39	41	46	51	59	58	74	93	111

This table details how cash moves in and out of STAG Industrial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-1.40	12	-8.62	-3.64	-2.50	9.84	-8.78	21	37	-34	11
Net Cash From Operating Activities	107	90	86	110	103	92	105	122	128	105	104
Net Cash From Continuing Operating Activities	107	90	86	110	103	92	105	122	128	105	104
Net Income / (Loss) Continuing Operations	65	30	51	53	51	43	37	61	43	52	93
Consolidated Net Income / (Loss)	65	30	51	53	51	43	37	61	43	52	93
Depreciation Expense	69	69	69	68	70	71	71	75	73	74	74
Amortization Expense	-0.10	-0.14	-0.13	-0.06	-0.30	-0.40	-0.30	0.84	-0.53	-0.60	-0.58
Non-Cash Adjustments To Reconcile Net Income	-20	-14	-21	-18	-12	-4.53	3.89	-27	-3.46	-10	-51
Changes in Operating Assets and Liabilities, net	-7.87	4.79	-12	6.24	-5.30	-17	-7.31	12	17	-9.95	-12
Net Cash From Investing Activities	-62	-50	9.83	-35	-208	-87	-76	-171	-143	-341	-25
Net Cash From Continuing Investing Activities	-62	-50	9.83	-35	-208	-87	-76	-171	-143	-341	-25
Purchase of Property, Plant & Equipment	-29	-46	-28	-28	-23	-30	-25	-17	-41	-67	-46
Acquisitions	-6.13	-1.46	0.00	-2.63	-12	0.17	-8.04	-23	-16	-35	-5.69
Sale of Property, Plant & Equipment	93	4.42	36	33	28	8.37	0.00	76	22	29	64
Other Investing Activities, net	-	0.45	1.19	-0.67	-	-	-	-	-	-	-37
Net Cash From Financing Activities	-46	-28	-105	-78	102	5.45	-38	71	52	202	-68
Net Cash From Continuing Financing Activities	-46	-28	-105	-78	102	5.45	-38	71	52	202	-68
Repayment of Debt	-650	-82	-249	-147	-519	-128	-232	-676	-293	-830	-486
Payment of Dividends	-67	-66	-64	-68	-68	-68	-69	-69	-68	-69	-70
Issuance of Debt	671	121	209	128	628	202	264	816	413	933	489
Issuance of Common Equity	-0.11	0.06	-	-	61	-0.13	-	-	-	167	-0.16
Other Financing Activities, net	-	-	-0.81	-	-	-	-1.01	-	-	-0.03	-0.65
Cash Interest Paid	17	25	19	27	19	28	23	27	18	43	21

This table presents STAG Industrial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,902	2,186	2,681	3,103	4,165	4,693	5,833	6,185	6,283	6,833
Total Current Assets	60	68	87	102	108	142	117	214	231	270
Cash & Equivalents	12	12	25	7.97	9.04	16	19	26	21	36
Restricted Cash	8.40	9.61	3.57	15	2.82	4.67	4.22	0.91	1.13	1.11
Accounts Receivable	21	25	34	42	58	78	94	116	128	136
Prepaid Expenses	18	21	25	37	38	43	-	72	80	96
Plant, Property, & Equipment, net	1,840	2,117	2,568	2,992	3,999	4,525	5,621	5,863	5,973	6,496
Plant, Property & Equipment, gross	1,564	1,822	2,254	2,650	3,523	4,025	5,053	5,354	5,537	6,067
Accumulated Depreciation	-276	-295	-313	-342	-475	-500	-568	-509	-436	-429
Total Noncurrent Assets	1.87	1.47	26	9.15	58	26	96	108	80	68
Noncurrent Note & Lease Receivables	-	-	-	0.00	15	25	-	31	30	31
Other Noncurrent Operating Assets	1.87	1.47	26	9.15	43	0.44	96	77	50	36
Total Liabilities & Shareholders' Equity	1,902	2,186	2,681	3,103	4,165	4,693	5,833	6,185	6,283	6,833
Total Liabilities	1,044	1,119	1,270	1,433	1,801	1,922	2,440	2,727	2,838	3,304
Total Current Liabilities	108	91	346	186	258	265	153	336	552	615
Short-Term Debt	60	30	272	105	165	148	17	175	402	409
Accounts Payable	26	35	43	46	54	70	76	97	83	127
Customer Deposits	15	15	19	22	22	28	37	41	44	56
Dividends Payable	8.23	9.73	12	14	17	19	22	22	23	23
Total Noncurrent Liabilities	936	1,028	924	1,247	1,543	1,657	2,287	2,391	2,286	2,689
Long-Term Debt	924	1,008	903	1,225	1,499	1,596	2,218	2,324	2,222	2,620
Capital Lease Obligations	-	-	-	0.00	17	28	-	35	34	35
Other Noncurrent Operating Liabilities	11	20	21	22	27	33	69	32	30	33
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	858	1,067	1,410	1,670	2,364	2,771	3,394	3,458	3,446	3,529
Total Preferred & Common Equity	822	1,027	1,359	1,614	2,306	2,716	3,328	3,385	3,375	3,458
Preferred Stock	139	145	145	75	75	75	-	0.00	0.00	0.00
Total Common Equity	683	882	1,214	1,539	2,231	2,641	3,328	3,385	3,375	3,458
Common Stock	1,018	1,295	1,727	2,119	2,972	3,423	4,132	4,190	4,274	4,452
Retained Earnings	-332	-411	-517	-585	-723	-742	-792	-876	-949	-1,030
Accumulated Other Comprehensive Income / (Loss)	-2.35	-1.50	3.94	4.48	-18	-40	-12	71	49	36
Noncontrolling Interest	35	40	51	56	58	55	66	73	71	71

This table presents STAG Industrial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	6,196	6,116	6,106	6,276	6,294	6,444	6,566	6,848
Total Current Assets	195	214	204	216	226	241	301	290
Cash & Equivalents	13	17	14	11	12	33	70	9.33
Restricted Cash	1.08	0.96	1.02	1.09	0.67	1.25	1.11	39
Accounts Receivable	103	117	112	121	129	125	128	142
Prepaid Expenses	78	79	77	84	84	81	102	100
Plant, Property, & Equipment, net	5,891	5,812	5,800	5,953	5,981	6,120	6,208	6,501
Plant, Property & Equipment, gross	5,358	5,329	5,336	5,495	5,559	5,699	5,794	6,088
Accumulated Depreciation	-533	-484	-464	-458	-422	-422	-414	-412
Total Noncurrent Assets	109	90	103	107	87	83	57	57
Noncurrent Note & Lease Receivables	32	31	31	30	29	29	28	31
Other Noncurrent Operating Assets	78	59	72	77	58	55	29	26
Total Liabilities & Shareholders' Equity	6,196	6,116	6,106	6,276	6,294	6,444	6,566	6,848
Total Liabilities	2,699	2,685	2,662	2,781	2,871	3,029	3,202	3,304
Total Current Liabilities	306	396	375	491	584	294	469	718
Short-Term Debt	136	235	216	325	435	127	259	513
Accounts Payable	109	94	92	101	80	99	140	121
Customer Deposits	38	44	44	42	46	45	47	60
Dividends Payable	22	22	23	23	23	23	23	24
Total Noncurrent Liabilities	2,393	2,289	2,287	2,290	2,287	2,735	2,733	2,587
Long-Term Debt	2,323	2,224	2,225	2,225	2,221	2,669	2,670	2,521
Capital Lease Obligations	36	35	34	34	33	33	32	35
Other Noncurrent Operating Liabilities	35	30	28	31	32	33	31	31
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,497	3,431	3,444	3,495	3,423	3,415	3,364	3,544
Total Preferred & Common Equity	3,422	3,353	3,367	3,420	3,352	3,344	3,296	3,467
Preferred Stock	0.00	-	-	-	0.00	0.00	0.00	0.00
Total Common Equity	3,422	3,353	3,367	3,420	3,352	3,344	3,296	3,467
Common Stock	4,187	4,191	4,203	4,269	4,275	4,278	4,283	4,450
Retained Earnings	-841	-893	-907	-924	-980	-987	-1,013	-1,008
Accumulated Other Comprehensive Income / (Loss)	76	55	70	75	56	53	25	25
Noncontrolling Interest	75	78	77	75	72	71	69	77

This table displays calculated financial ratios and metrics derived from STAG Industrial's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.78%	14.46%	20.32%	16.58%	15.66%	19.08%	16.29%	16.93%	7.68%	8.41%
EBITDA Growth	9.25%	69.80%	7.83%	37.68%	-6.72%	65.33%	2.88%	6.56%	6.27%	5.32%
EBIT Growth	-68.03%	1,112.37%	-8.69%	94.28%	-27.45%	156.14%	-2.81%	-0.37%	11.77%	5.27%
NOPAT Growth	-90.39%	1,520.27%	152.85%	44.46%	34.33%	34.55%	24.56%	24.11%	16.76%	10.68%
Net Income Growth	-526.36%	221.27%	-9.52%	198.90%	-47.36%	308.16%	-5.01%	-7.23%	8.21%	-2.00%
EPS Growth	-107.14%	150.00%	-20.69%	243.48%	-55.70%	277.14%	-12.88%	-13.04%	7.00%	-2.80%
Operating Cash Flow Growth	25.89%	11.57%	19.38%	22.01%	17.99%	25.95%	14.37%	15.40%	0.81%	17.69%
Free Cash Flow Firm Growth	95.56%	-865.52%	-74.42%	17.95%	-175.66%	62.57%	-156.04%	83.03%	177.26%	-275.69%
Invested Capital Growth	1.47%	14.41%	22.72%	16.41%	35.43%	12.14%	23.90%	6.40%	1.95%	7.79%
Revenue Q/Q Growth	4.22%	3.15%	5.15%	3.55%	4.61%	4.04%	3.25%	3.58%	1.87%	2.13%
EBITDA Q/Q Growth	-7.31%	37.51%	-7.80%	15.57%	-5.52%	20.49%	0.15%	-8.46%	3.24%	3.12%
EBIT Q/Q Growth	-67.07%	190.42%	-25.54%	38.92%	-20.44%	42.95%	-2.87%	-17.28%	5.74%	5.40%
NOPAT Q/Q Growth	-90.30%	765.52%	23.56%	8.52%	9.84%	4.98%	5.26%	4.31%	4.88%	3.52%
Net Income Q/Q Growth	-115.36%	329.76%	-42.85%	66.19%	-36.67%	63.50%	-4.90%	-24.04%	6.59%	5.10%
EPS Q/Q Growth	-286.67%	165.91%	-37.84%	75.56%	-44.44%	60.98%	-8.73%	-25.93%	4.90%	6.12%
Operating Cash Flow Q/Q Growth	1.14%	4.81%	2.65%	3.72%	4.14%	4.02%	3.62%	2.25%	0.39%	2.99%
Free Cash Flow Firm Q/Q Growth	95.38%	-619.17%	13.18%	-7.36%	-46.28%	-15.56%	-15.55%	80.02%	-11.18%	-417.34%
Invested Capital Q/Q Growth	-8.81%	6.70%	3.07%	3.68%	11.55%	11.65%	12.07%	-0.20%	0.24%	4.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.50%	80.46%	80.84%	80.34%	81.48%	81.51%	80.79%	80.88%	80.28%	79.82%
EBITDA Margin	57.49%	85.28%	76.43%	90.26%	72.80%	101.07%	89.42%	81.49%	80.42%	78.13%
Operating Margin	0.80%	7.97%	16.74%	20.75%	24.10%	27.23%	29.17%	30.96%	33.57%	34.27%
EBIT Margin	3.08%	32.67%	24.80%	41.32%	25.92%	55.76%	46.60%	39.70%	41.21%	40.02%
Profit (Net Income) Margin	-13.42%	14.22%	10.69%	27.42%	12.48%	42.78%	34.94%	27.72%	27.86%	25.19%
Tax Burden Percent	100.00%	100.00%	100.05%	100.01%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	-435.13%	43.53%	43.11%	66.35%	48.15%	76.73%	74.99%	69.82%	67.60%	62.93%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.07%	1.02%	2.16%	2.62%	2.78%	3.06%	3.22%	3.50%	3.93%	4.15%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.18%	2.58%	0.50%	4.51%	-0.36%	7.41%	4.85%	2.61%	2.37%	1.70%
Return on Net Nonoperating Assets (RNNOA)	-3.42%	2.68%	0.44%	3.63%	-0.27%	4.99%	3.15%	1.82%	1.78%	1.40%
Return on Equity (ROE)	-3.35%	3.70%	2.60%	6.25%	2.51%	8.05%	6.37%	5.32%	5.71%	5.54%
Cash Return on Invested Capital (CROIC)	-1.39%	-12.43%	-18.24%	-12.55%	-27.32%	-8.38%	-18.13%	-2.69%	2.00%	-3.35%
Operating Return on Assets (OROA)	0.38%	4.00%	3.07%	5.02%	2.90%	6.09%	4.98%	4.34%	4.68%	4.68%
Return on Assets (ROA)	-1.66%	1.74%	1.32%	3.33%	1.39%	4.67%	3.73%	3.03%	3.16%	2.95%
Return on Common Equity (ROCE)	-2.70%	3.01%	2.20%	5.59%	2.35%	7.64%	6.17%	5.21%	5.59%	5.43%
Return on Equity Simple (ROE_SIMPLE)	-3.57%	3.47%	2.37%	5.96%	2.20%	7.61%	5.90%	5.38%	5.84%	5.59%
Net Operating Profit after Tax (NOPAT)	1.23	20	50	73	98	132	164	204	238	263
NOPAT Margin	0.56%	7.97%	16.74%	20.75%	24.10%	27.23%	29.17%	30.96%	33.57%	34.27%
Net Nonoperating Expense Percent (NNEP)	3.25%	-1.57%	1.67%	-1.89%	3.14%	-4.35%	-1.62%	0.89%	1.56%	2.44%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	3.40%	3.89%	3.99%
Cost of Revenue to Revenue	19.50%	19.54%	19.16%	19.66%	18.52%	18.49%	19.21%	19.12%	19.72%	20.18%
SG&A Expenses to Revenue	13.63%	13.80%	11.67%	10.07%	9.29%	8.71%	9.16%	7.81%	7.37%	6.72%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	79.70%	72.49%	64.09%	59.59%	57.38%	54.28%	51.62%	49.92%	46.71%	45.55%
Earnings before Interest and Taxes (EBIT)	6.74	82	75	145	105	270	262	261	292	307
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	126	213	230	317	296	489	503	536	569	600
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.31	1.44	1.57	1.38	1.55	1.53	2.19	1.57	2.02	1.78
Price to Tangible Book Value (P/TBV)	1.31	1.44	1.57	1.38	1.55	1.53	2.19	1.57	2.02	1.78
Price to Revenue (P/Rev)	4.09	5.07	6.33	6.04	8.50	8.35	12.99	8.09	9.64	8.00
Price to Earnings (P/E)	0.00	62.68	90.18	25.75	78.76	20.51	38.81	29.85	35.43	32.48
Dividend Yield	11.23%	8.28%	6.94%	7.29%	5.51%	5.33%	3.37%	4.92%	3.91%	4.39%
Earnings Yield	0.00%	1.60%	1.11%	3.88%	1.27%	4.88%	2.58%	3.35%	2.82%	3.08%
Enterprise Value to Invested Capital (EV/IC)	1.11	1.18	1.26	1.19	1.30	1.30	1.70	1.32	1.56	1.40
Enterprise Value to Revenue (EV/Rev)	9.30	9.87	10.79	10.14	12.94	12.24	17.04	12.01	13.47	12.04
Enterprise Value to EBITDA (EV/EBITDA)	16.17	11.57	14.12	11.24	17.77	12.11	19.06	14.74	16.74	15.41
Enterprise Value to EBIT (EV/EBIT)	301.43	30.21	43.52	24.54	49.92	21.95	36.58	30.25	32.67	30.08
Enterprise Value to NOPAT (EV/NOPAT)	1,651.94	123.89	64.44	48.88	53.69	44.94	58.43	38.80	40.11	35.13
Enterprise Value to Operating Cash Flow (EV/OCF)	16.70	18.19	20.04	18.00	22.51	20.13	28.50	20.35	24.37	20.07
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	78.85	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.15	0.97	0.83	0.80	0.71	0.64	0.66	0.73	0.77	0.87
Long-Term Debt to Equity	1.08	0.94	0.64	0.73	0.64	0.59	0.65	0.68	0.65	0.75
Financial Leverage	1.08	1.04	0.88	0.81	0.75	0.67	0.65	0.70	0.75	0.82
Leverage Ratio	2.02	2.12	1.96	1.88	1.80	1.72	1.71	1.75	1.81	1.88
Compound Leverage Factor	-8.78	0.92	0.85	1.25	0.87	1.32	1.28	1.22	1.22	1.18
Debt to Total Capital	53.42%	49.33%	45.45%	44.34%	41.56%	39.00%	39.71%	42.29%	43.54%	46.48%
Short-Term Debt to Total Capital	3.24%	1.45%	10.53%	3.48%	4.07%	3.25%	0.30%	2.92%	6.59%	6.20%
Long-Term Debt to Total Capital	50.18%	47.88%	34.92%	40.85%	37.48%	35.75%	39.41%	39.37%	36.96%	40.27%
Preferred Equity to Total Capital	7.55%	6.89%	5.61%	2.50%	1.85%	1.65%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.92%	1.89%	1.98%	1.86%	1.44%	1.21%	1.17%	1.22%	1.17%	1.08%
Common Equity to Total Capital	37.11%	41.89%	46.96%	51.30%	55.15%	58.14%	59.12%	56.49%	55.29%	52.44%
Debt to EBITDA	7.83	4.87	5.11	4.20	5.69	3.63	4.45	4.73	4.67	5.11
Net Debt to EBITDA	7.67	4.76	4.98	4.13	5.65	3.58	4.40	4.68	4.63	5.05
Long-Term Debt to EBITDA	7.35	4.72	3.92	3.87	5.13	3.32	4.41	4.40	3.96	4.43
Debt to NOPAT	799.62	52.09	23.31	18.26	17.18	13.46	13.63	12.45	11.18	11.65
Net Debt to NOPAT	783.04	50.99	22.75	17.95	17.06	13.31	13.49	12.32	11.09	11.51
Long-Term Debt to NOPAT	751.05	50.56	17.91	16.83	15.50	12.34	13.53	11.59	9.49	10.10
Altman Z-Score	0.37	0.64	0.72	0.86	1.04	1.30	1.84	1.19	1.44	1.10
Noncontrolling Interest Sharing Ratio	19.48%	18.67%	15.39%	10.62%	6.55%	5.13%	3.18%	2.03%	2.09%	2.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.55	0.75	0.25	0.55	0.42	0.54	0.77	0.64	0.42	0.44
Quick Ratio	0.31	0.41	0.17	0.27	0.26	0.35	0.74	0.42	0.27	0.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-25	-244	-425	-349	-962	-360	-922	-156	121	-212
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	1,013.89%	0.00%	0.00%	0.00%	17,351.02%	1,920.60%
Free Cash Flow to Firm to Interest Expense	-0.70	-5.28	-10.01	-7.15	-17.60	-5.70	-14.04	-1.98	1.28	-1.86
Operating Cash Flow to Interest Expense	3.37	2.94	3.82	4.05	4.27	4.65	5.12	4.92	4.14	4.04
Operating Cash Flow Less CapEx to Interest Expense	3.52	5.57	4.27	7.60	3.85	8.10	7.38	5.22	4.11	3.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.11	0.12
Accounts Receivable Turnover	11.41	10.72	10.24	9.26	8.13	7.14	6.56	6.29	5.81	5.80
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.13	0.13	0.13	0.13	0.12	0.11	0.11	0.11	0.12	0.12
Accounts Payable Turnover	1.81	1.60	1.47	1.56	1.52	1.45	1.48	1.45	1.55	1.47
Days Sales Outstanding (DSO)	31.98	34.06	35.66	39.43	44.88	51.11	55.64	58.06	62.85	62.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	202.16	227.83	248.62	234.59	240.92	252.23	247.15	252.40	236.01	247.49
Cash Conversion Cycle (CCC)	-170.18	-193.77	-212.96	-195.16	-196.04	-201.12	-191.51	-194.34	-173.15	-184.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,830	2,093	2,569	2,991	4,050	4,542	5,628	5,988	6,104	6,580
Invested Capital Turnover	0.12	0.13	0.13	0.13	0.12	0.11	0.11	0.11	0.12	0.12
Increase / (Decrease) in Invested Capital	26	264	476	422	1,060	492	1,086	360	117	475
Enterprise Value (EV)	2,033	2,470	3,249	3,560	5,253	5,916	9,581	7,896	9,531	9,239
Market Capitalization	895	1,269	1,906	2,122	3,450	4,035	7,303	5,315	6,824	6,140
Book Value per Share	$9.28	$11.67	$12.90	$14.13	$16.78	$17.70	$19.60	$18.89	$18.59	$18.98
Tangible Book Value per Share	$9.28	$11.67	$12.90	$14.13	$16.78	$17.70	$19.60	$18.89	$18.59	$18.98
Total Capital	1,842	2,106	2,585	3,000	4,045	4,543	5,629	5,992	6,103	6,594
Total Debt	984	1,039	1,175	1,330	1,681	1,772	2,235	2,534	2,658	3,064
Total Long-Term Debt	924	1,008	903	1,225	1,516	1,624	2,218	2,359	2,256	2,655
Net Debt	964	1,017	1,147	1,307	1,669	1,752	2,212	2,507	2,636	3,027
Capital Expenditures (CapEx)	-5.27	-122	-19	-173	23	-218	-148	-24	2.25	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.98	-14	-15	-2.28	2.63	4.28	-42	27	59	26
Debt-free Net Working Capital (DFNWC)	11	7.54	13	20	14	25	-19	54	80	63
Net Working Capital (NWC)	-48	-23	-259	-84	-150	-123	-36	-121	-322	-346
Net Nonoperating Expense (NNE)	31	-16	18	-23	47	-75	-32	21	40	70
Net Nonoperating Obligations (NNO)	972	1,027	1,159	1,321	1,686	1,771	2,234	2,529	2,658	3,051
Total Depreciation and Amortization (D&A)	119	132	155	172	190	219	241	275	278	292
Debt-free, Cash-free Net Working Capital to Revenue	-4.11%	-5.70%	-5.04%	-0.65%	0.65%	0.89%	-7.46%	4.07%	8.28%	3.40%
Debt-free Net Working Capital to Revenue	5.23%	3.01%	4.30%	5.77%	3.57%	5.09%	-3.33%	8.14%	11.37%	8.27%
Net Working Capital to Revenue	-22.11%	-9.15%	-86.11%	-24.00%	-37.03%	-25.45%	-6.36%	-18.48%	-45.42%	-45.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.61)	$0.29	$0.24	$0.80	$0.35	$1.32	$1.15	$1.00	$1.07	$1.04
Adjusted Weighted Average Basic Shares Outstanding	68.18M	70.64M	89.54M	103.40M	125.39M	148.79M	163.44M	178.75M	180.22M	182.16M
Adjusted Diluted Earnings per Share	($0.61)	$0.29	$0.23	$0.79	$0.35	$1.32	$1.15	$1.00	$1.07	$1.04
Adjusted Weighted Average Diluted Shares Outstanding	68.18M	70.85M	90.00M	103.81M	125.68M	149.22M	164.09M	178.94M	180.56M	182.40M
Adjusted Basic & Diluted Earnings per Share	($0.61)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.31M	82.05M	97.23M	112.50M	148.69M	158.40M	177.95M	179.33M	181.78M	186.56M
Normalized Net Operating Profit after Tax (NOPAT)	25	29	40	55	75	96	115	144	166	188
Normalized NOPAT Margin	11.46%	11.57%	13.33%	15.76%	18.55%	19.87%	20.42%	21.86%	23.50%	24.44%
Pre Tax Income Margin	-13.42%	14.22%	10.69%	27.42%	12.48%	42.78%	34.94%	27.72%	27.86%	25.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.19	1.77	1.76	2.97	1.93	4.27	3.99	3.31	3.08	2.70
NOPAT to Interest Expense	0.03	0.43	1.19	1.49	1.79	2.08	2.50	2.58	2.51	2.31
EBIT Less CapEx to Interest Expense	0.33	4.40	2.21	6.52	1.50	7.71	6.25	3.61	3.06	2.49
NOPAT Less CapEx to Interest Expense	0.18	3.06	1.64	5.04	1.37	5.53	4.76	2.88	2.49	2.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-360.85%	330.00%	437.91%	165.07%	374.19%	108.46%	125.09%	146.41%	135.68%	141.91%
Augmented Payout Ratio	-365.26%	349.45%	437.91%	165.07%	374.19%	108.46%	125.09%	146.41%	135.68%	141.91%

This table displays calculated financial ratios and metrics derived from STAG Industrial's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.02%	15.38%	9.01%	6.31%	7.80%	7.62%	8.06%	10.53%	6.39%	8.74%	9.61%
EBITDA Growth	25.07%	-29.04%	2.54%	19.85%	-7.48%	14.79%	-5.18%	14.21%	-0.67%	13.08%	47.94%
EBIT Growth	32.75%	-51.13%	2.79%	48.44%	-13.59%	30.37%	-13.21%	16.91%	-4.65%	23.17%	98.15%
NOPAT Growth	25.52%	19.22%	12.30%	14.88%	18.13%	21.21%	19.70%	2.62%	7.02%	14.17%	16.67%
Net Income Growth	30.52%	-65.45%	-6.26%	59.58%	-20.94%	40.02%	-25.99%	15.68%	-16.49%	22.00%	149.28%
EPS Growth	16.67%	-67.31%	-6.67%	61.11%	-20.00%	29.41%	-28.57%	13.79%	-17.86%	27.27%	145.00%
Operating Cash Flow Growth	15.66%	10.45%	-2.77%	7.32%	-3.19%	1.69%	21.69%	11.32%	23.90%	14.57%	-1.54%
Free Cash Flow Firm Growth	-1.51%	70.46%	93.51%	105.44%	97.05%	82.61%	-71.71%	-468.89%	-338.43%	-653.14%	-201.21%
Invested Capital Growth	19.48%	6.40%	2.22%	-0.14%	1.51%	1.95%	3.26%	5.16%	3.07%	7.79%	7.60%
Revenue Q/Q Growth	2.98%	2.42%	1.89%	-1.07%	4.42%	2.25%	2.31%	1.19%	0.51%	4.50%	3.14%
EBITDA Q/Q Growth	29.81%	-22.51%	17.44%	1.45%	0.21%	-3.85%	-3.00%	22.20%	-12.85%	9.46%	26.90%
EBIT Q/Q Growth	70.11%	-39.86%	40.41%	3.33%	-0.97%	-9.27%	-6.52%	39.20%	-19.24%	17.20%	50.38%
NOPAT Q/Q Growth	5.80%	-2.57%	1.78%	9.49%	8.80%	-0.02%	0.51%	-6.14%	13.47%	6.65%	2.71%
Net Income Q/Q Growth	95.62%	-52.96%	66.23%	4.33%	-3.09%	-16.69%	-12.14%	63.07%	-30.03%	21.71%	79.51%
EPS Q/Q Growth	94.44%	-51.43%	64.71%	3.57%	-3.45%	-21.43%	-9.09%	65.00%	-30.30%	21.74%	75.00%
Operating Cash Flow Q/Q Growth	4.27%	-15.58%	-4.04%	27.05%	-5.94%	-11.33%	14.82%	16.24%	4.69%	-18.00%	-1.32%
Free Cash Flow Firm Q/Q Growth	24.59%	66.71%	75.44%	188.18%	-140.87%	-96.48%	-142.50%	-89.44%	51.43%	-237.53%	3.01%
Invested Capital Q/Q Growth	1.08%	-0.20%	-0.98%	-0.04%	2.75%	0.24%	0.30%	1.80%	0.71%	4.82%	0.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.91%	79.47%	79.33%	80.97%	80.80%	80.03%	79.17%	80.25%	80.07%	79.80%	78.75%
EBITDA Margin	93.83%	71.00%	81.83%	83.91%	80.53%	75.73%	71.80%	86.71%	75.18%	78.75%	96.90%
Operating Margin	32.18%	30.61%	30.58%	33.84%	35.26%	34.48%	33.87%	31.42%	35.47%	36.20%	36.05%
EBIT Margin	52.12%	30.61%	42.18%	44.06%	41.78%	37.08%	33.87%	46.60%	37.44%	42.00%	61.24%
Profit (Net Income) Margin	38.92%	17.87%	29.16%	30.75%	28.54%	23.26%	19.97%	32.18%	22.40%	26.09%	45.42%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.08%	99.93%	100.00%
Interest Burden Percent	74.66%	58.40%	69.14%	69.80%	68.31%	62.72%	58.95%	69.06%	59.78%	62.17%	74.16%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	3.71%	3.47%	3.50%	3.89%	4.05%	4.04%	4.06%	3.82%	4.31%	4.38%	4.46%
ROIC Less NNEP Spread (ROIC-NNEP)	4.20%	2.55%	3.40%	3.68%	3.58%	3.24%	3.05%	3.88%	3.41%	3.67%	5.13%
Return on Net Nonoperating Assets (RNNOA)	2.90%	1.78%	2.38%	2.64%	2.61%	2.44%	2.32%	3.00%	2.73%	3.01%	4.23%
Return on Equity (ROE)	6.61%	5.24%	5.88%	6.53%	6.66%	6.47%	6.37%	6.82%	7.04%	7.39%	8.68%
Cash Return on Invested Capital (CROIC)	-14.21%	-2.69%	1.38%	3.80%	2.25%	2.00%	0.91%	-0.92%	1.08%	-3.35%	-3.01%
Operating Return on Assets (OROA)	5.80%	3.35%	4.68%	4.92%	4.66%	4.21%	3.94%	5.49%	4.38%	4.91%	7.32%
Return on Assets (ROA)	4.33%	1.96%	3.24%	3.43%	3.18%	2.64%	2.32%	3.79%	2.62%	3.05%	5.43%
Return on Common Equity (ROCE)	6.47%	5.13%	5.75%	6.39%	6.52%	6.34%	6.23%	6.67%	6.90%	7.24%	8.50%
Return on Equity Simple (ROE_SIMPLE)	7.01%	0.00%	5.33%	5.90%	5.41%	0.00%	5.49%	5.75%	5.58%	0.00%	7.19%
Net Operating Profit after Tax (NOPAT)	54	52	53	58	63	63	64	60	68	72	74
NOPAT Margin	32.18%	30.61%	30.58%	33.84%	35.26%	34.48%	33.87%	31.42%	35.47%	36.20%	36.05%
Net Nonoperating Expense Percent (NNEP)	-0.50%	0.91%	0.10%	0.21%	0.47%	0.79%	1.00%	-0.05%	0.91%	0.71%	-0.67%
Return On Investment Capital (ROIC_SIMPLE)	-	0.87%	-	-	-	1.04%	-	-	-	1.09%	1.12%
Cost of Revenue to Revenue	18.09%	20.53%	20.67%	19.03%	19.20%	19.97%	20.83%	19.75%	19.93%	20.20%	21.25%
SG&A Expenses to Revenue	6.89%	8.39%	9.02%	7.23%	6.62%	6.68%	7.21%	6.55%	6.57%	6.56%	6.75%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	49.73%	48.86%	48.75%	47.13%	45.53%	45.55%	45.29%	48.83%	44.60%	43.60%	42.70%
Earnings before Interest and Taxes (EBIT)	87	52	73	76	75	68	64	88	71	84	126
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	156	121	142	144	144	139	135	165	143	157	199
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.38	1.57	1.71	1.83	1.74	2.02	2.05	1.96	2.16	1.78	1.94
Price to Tangible Book Value (P/TBV)	1.38	1.57	1.71	1.83	1.74	2.02	2.05	1.96	2.16	1.78	1.94
Price to Revenue (P/Rev)	7.43	8.09	8.55	9.03	8.57	9.64	9.54	8.85	9.47	8.00	8.58
Price to Earnings (P/E)	20.11	29.85	32.85	31.75	32.96	35.43	38.29	34.82	39.59	32.48	27.64
Dividend Yield	5.54%	4.92%	4.57%	4.27%	4.43%	3.91%	3.88%	4.10%	3.78%	4.39%	4.10%
Earnings Yield	4.97%	3.35%	3.04%	3.15%	3.03%	2.82%	2.61%	2.87%	2.53%	3.08%	3.62%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.32	1.40	1.47	1.41	1.56	1.57	1.51	1.61	1.40	1.49
Enterprise Value to Revenue (EV/Rev)	11.46	12.01	12.35	12.75	12.38	13.47	13.34	12.72	13.41	12.04	12.52
Enterprise Value to EBITDA (EV/EBITDA)	12.43	14.74	15.38	15.44	15.60	16.74	17.14	16.16	17.33	15.41	14.81
Enterprise Value to EBIT (EV/EBIT)	23.05	30.25	31.54	30.23	31.19	32.67	34.15	31.92	34.59	30.08	26.62
Enterprise Value to NOPAT (EV/NOPAT)	37.27	38.80	39.63	40.10	37.98	40.11	38.83	37.71	39.67	35.13	35.95
Enterprise Value to Operating Cash Flow (EV/OCF)	19.17	20.35	21.52	22.13	22.08	24.37	23.50	22.29	22.55	20.07	21.44
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	102.86	38.58	63.22	78.85	176.04	0.00	150.59	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.71	0.73	0.73	0.72	0.74	0.77	0.79	0.83	0.88	0.87	0.87
Long-Term Debt to Equity	0.67	0.68	0.66	0.66	0.65	0.65	0.66	0.79	0.80	0.75	0.72
Financial Leverage	0.69	0.70	0.70	0.72	0.73	0.75	0.76	0.77	0.80	0.82	0.82
Leverage Ratio	1.75	1.75	1.75	1.77	1.78	1.81	1.81	1.83	1.87	1.88	1.89
Compound Leverage Factor	1.31	1.02	1.21	1.24	1.22	1.13	1.07	1.26	1.12	1.17	1.40
Debt to Total Capital	41.64%	42.29%	42.09%	41.82%	42.50%	43.54%	44.00%	45.30%	46.81%	46.48%	46.40%
Short-Term Debt to Total Capital	2.27%	2.92%	3.97%	3.65%	5.35%	6.59%	7.12%	2.03%	4.10%	6.20%	7.76%
Long-Term Debt to Total Capital	39.37%	39.37%	38.13%	38.17%	37.16%	36.96%	36.88%	43.27%	42.72%	40.27%	38.65%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.25%	1.22%	1.31%	1.31%	1.24%	1.17%	1.17%	1.14%	1.09%	1.08%	1.16%
Common Equity to Total Capital	57.11%	56.49%	56.59%	56.88%	56.26%	55.29%	54.83%	53.56%	52.10%	52.44%	52.44%
Debt to EBITDA	4.26	4.73	4.63	4.40	4.69	4.67	4.79	4.86	5.09	5.11	4.62
Net Debt to EBITDA	4.24	4.68	4.59	4.37	4.66	4.63	4.76	4.80	4.97	5.05	4.55
Long-Term Debt to EBITDA	4.03	4.40	4.19	4.01	4.10	3.96	4.01	4.64	4.65	4.43	3.85
Debt to NOPAT	12.79	12.45	11.91	11.41	11.41	11.18	10.84	11.33	11.66	11.65	11.22
Net Debt to NOPAT	12.71	12.32	11.83	11.35	11.35	11.09	10.79	11.20	11.38	11.51	11.04
Long-Term Debt to NOPAT	12.09	11.59	10.79	10.42	9.97	9.49	9.09	10.82	10.64	10.10	9.34
Altman Z-Score	0.99	1.08	1.19	1.30	1.18	1.32	1.30	1.23	1.24	1.00	1.12
Noncontrolling Interest Sharing Ratio	2.09%	2.03%	2.21%	2.19%	2.15%	2.09%	2.18%	2.16%	2.10%	2.04%	2.13%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.64	0.64	0.54	0.54	0.44	0.42	0.39	0.82	0.64	0.44	0.40
Quick Ratio	0.38	0.42	0.34	0.34	0.27	0.27	0.24	0.54	0.42	0.28	0.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-924	-308	-76	67	-27	-54	-130	-246	-119	-403	-391
Operating Cash Flow to CapEx	0.00%	214.15%	0.00%	0.00%	0.00%	423.97%	427.11%	0.00%	666.04%	271.82%	0.00%
Free Cash Flow to Firm to Interest Expense	-42.04	-14.18	-3.34	2.92	-1.15	-2.11	-4.98	-8.98	-4.16	-12.72	-12.02
Operating Cash Flow to Interest Expense	4.85	4.15	3.82	4.80	4.35	3.61	4.03	4.47	4.46	3.31	3.18
Operating Cash Flow Less CapEx to Interest Expense	7.76	2.21	4.20	5.03	4.58	2.76	3.09	6.60	3.79	2.09	3.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.11	0.11	0.11	0.11	0.11	0.12	0.12	0.12	0.12	0.12
Accounts Receivable Turnover	6.64	6.29	6.25	6.41	6.20	5.81	5.88	6.23	6.03	5.80	5.80
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.12	0.11	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.13
Accounts Payable Turnover	1.25	1.45	1.56	1.52	1.31	1.55	1.64	1.55	1.26	1.47	1.58
Days Sales Outstanding (DSO)	55.00	58.06	58.44	56.96	58.84	62.85	62.09	58.58	60.52	62.93	62.90
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	293.06	252.40	234.58	240.91	277.97	236.01	223.18	235.96	290.35	247.49	230.34
Cash Conversion Cycle (CCC)	-238.06	-194.34	-176.14	-183.95	-219.13	-173.15	-161.09	-177.38	-229.82	-184.55	-167.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,999	5,988	5,929	5,927	6,090	6,104	6,122	6,232	6,277	6,580	6,588
Invested Capital Turnover	0.12	0.11	0.11	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12
Increase / (Decrease) in Invested Capital	978	360	129	-8.56	90	117	193	306	187	475	465
Enterprise Value (EV)	7,272	7,896	8,295	8,696	8,604	9,531	9,633	9,411	10,077	9,239	9,836
Market Capitalization	4,716	5,315	5,741	6,158	5,956	6,824	6,885	6,546	7,119	6,140	6,739
Book Value per Share	$19.09	$18.89	$18.70	$18.77	$19.04	$18.59	$18.44	$18.37	$18.10	$18.98	$18.58
Tangible Book Value per Share	$19.09	$18.89	$18.70	$18.77	$19.04	$18.59	$18.44	$18.37	$18.10	$18.98	$18.58
Total Capital	5,992	5,992	5,925	5,919	6,079	6,103	6,113	6,244	6,325	6,594	6,612
Total Debt	2,495	2,534	2,494	2,475	2,584	2,658	2,689	2,829	2,961	3,064	3,068
Total Long-Term Debt	2,359	2,359	2,259	2,259	2,259	2,256	2,254	2,702	2,702	2,655	2,555
Net Debt	2,480	2,507	2,476	2,461	2,572	2,636	2,676	2,794	2,890	3,027	3,020
Capital Expenditures (CapEx)	-64	42	-8.65	-5.29	-5.41	22	25	-58	19	39	-18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	11	27	35	30	39	59	64	39	20	26	38
Debt-free Net Working Capital (DFNWC)	26	54	53	45	51	80	77	74	92	63	86
Net Working Capital (NWC)	-110	-121	-182	-171	-274	-322	-358	-53	-167	-346	-427
Net Nonoperating Expense (NNE)	-11	22	2.47	5.31	12	21	26	-1.45	25	20	-19
Net Nonoperating Obligations (NNO)	2,503	2,529	2,498	2,483	2,594	2,658	2,699	2,817	2,913	3,051	3,044
Total Depreciation and Amortization (D&A)	69	69	69	68	69	71	71	76	72	73	73
Debt-free, Cash-free Net Working Capital to Revenue	1.77%	4.07%	5.15%	4.43%	5.58%	8.28%	8.82%	5.32%	2.72%	3.40%	4.78%
Debt-free Net Working Capital to Revenue	4.05%	8.14%	7.85%	6.57%	7.32%	11.37%	10.63%	9.99%	12.19%	8.27%	10.90%
Net Working Capital to Revenue	-17.38%	-18.48%	-27.13%	-25.11%	-39.46%	-45.42%	-49.64%	-7.18%	-22.29%	-45.02%	-54.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.35	$0.17	$0.28	$0.29	$0.28	$0.22	$0.20	$0.33	$0.23	$0.28	$0.49
Adjusted Weighted Average Basic Shares Outstanding	179.05M	178.75M	179.20M	179.41M	180.80M	180.22M	181.71M	181.96M	182.03M	182.16M	186.47M
Adjusted Diluted Earnings per Share	$0.35	$0.17	$0.28	$0.29	$0.28	$0.22	$0.20	$0.33	$0.23	$0.28	$0.49
Adjusted Weighted Average Diluted Shares Outstanding	179.16M	178.94M	179.30M	179.74M	181.16M	180.56M	181.99M	182.19M	182.30M	182.40M	186.76M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	179.22M	179.33M	179.38M	179.66M	181.57M	181.78M	182.08M	182.11M	182.21M	186.56M	186.62M
Normalized Net Operating Profit after Tax (NOPAT)	39	37	37	41	44	44	44	45	47	51	52
Normalized NOPAT Margin	23.28%	21.43%	21.41%	23.69%	24.68%	24.14%	23.71%	23.83%	24.83%	25.34%	25.24%
Pre Tax Income Margin	38.92%	17.87%	29.16%	30.75%	28.54%	23.26%	19.97%	32.18%	22.38%	26.11%	45.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.94	2.40	3.24	3.31	3.15	2.68	2.44	3.23	2.49	2.64	3.87
NOPAT to Interest Expense	2.43	2.40	2.35	2.54	2.66	2.49	2.44	2.18	2.36	2.28	2.28
EBIT Less CapEx to Interest Expense	6.85	0.46	3.62	3.54	3.38	1.83	1.49	5.37	1.82	1.42	4.41
NOPAT Less CapEx to Interest Expense	5.34	0.46	2.73	2.77	2.89	1.64	1.49	4.31	1.69	1.06	2.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	110.00%	146.41%	147.89%	133.31%	143.67%	135.68%	147.97%	142.32%	148.92%	141.91%	110.65%
Augmented Payout Ratio	110.00%	146.41%	147.89%	133.31%	143.67%	135.68%	147.97%	142.32%	148.92%	141.91%	110.65%

Frequently Asked Questions About STAG Industrial's Financials

When does STAG Industrial's fiscal year end?

According to the most recent income statement we have on file, STAG Industrial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has STAG Industrial's net income changed over the last 9 years?

STAG Industrial's net income appears to be on an upward trend, with a most recent value of $193.27 million in 2024, falling from -$29.35 million in 2015. The previous period was $197.20 million in 2023. View STAG Industrial's forecast to see where analysts expect STAG Industrial to go next.

What is STAG Industrial's operating income?

STAG Industrial's total operating income in 2024 was $262.98 million, based on the following breakdown:

Total Gross Profit: $612.56 million
Total Operating Expenses: $349.58 million

How has STAG Industrial revenue changed over the last 9 years?

Over the last 9 years, STAG Industrial's total revenue changed from $218.63 million in 2015 to $767.38 million in 2024, a change of 251.0%.

How much debt does STAG Industrial have?

STAG Industrial's total liabilities were at $3.30 billion at the end of 2024, a 16.4% increase from 2023, and a 216.5% increase since 2015.

How much cash does STAG Industrial have?

In the past 9 years, STAG Industrial's cash and equivalents has ranged from $7.97 million in 2018 to $36.28 million in 2024, and is currently $36.28 million as of their latest financial filing in 2024.

How has STAG Industrial's book value per share changed over the last 9 years?

Over the last 9 years, STAG Industrial's book value per share changed from 9.28 in 2015 to 18.98 in 2024, a change of 104.5%.

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This page (NYSE:STAG) was last updated on 5/7/2025 by MarketBeat.com Staff

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STAG Industrial (STAG) Financials

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STAG Industrial (STAG) Financials

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