STAG Industrial (STAG) Financials

$34.90 +0.83 (+2.44%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$34.95 +0.05 (+0.14%)

As of 05/27/2025 07:53 PM 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	189	193	178	188	197	44	82	21	20	-39
Consolidated Net Income / (Loss)	193	197	182	196	207	51	96	32	36	-29
Net Income / (Loss) Continuing Operations	193	197	182	196	207	51	96	32	36	-29
Total Pre-Tax Income	193	197	182	196	207	51	96	32	36	-29
Total Operating Income	263	238	204	164	132	98	73	50	20	1.76
Total Gross Profit	613	568	532	454	394	331	282	243	201	176
Total Revenue	767	708	657	562	483	406	351	301	250	219
Operating Revenue	767	708	657	562	483	406	351	301	250	218
Total Cost of Revenue	155	140	126	108	89	75	69	58	49	43
Operating Cost of Revenue	155	140	126	108	89	75	69	58	49	43
Total Operating Expenses	350	331	328	290	262	233	209	193	181	174
Selling, General & Admin Expense	52	52	51	52	42	38	35	35	35	30
Depreciation Expense	293	278	275	239	215	185	168	151	125	110
Impairment Charge	4.97	0.00	1.78	0.00	5.58	9.76	6.18	1.88	17	29
Total Other Income / (Expense), net	-70	-40	-21	32	75	-47	23	-18	16	-31
Interest Expense	114	95	79	66	63	55	49	42	46	36
Interest & Investment Income	0.04	0.07	0.10	0.12	0.45	0.09	0.02	0.01	0.01	0.01
Other Income / (Expense), net	44	54	57	98	138	7.39	72	24	62	4.99
Net Income / (Loss) Attributable to Noncontrolling Interest	4.23	4.57	4.15	4.39	4.92	1.70	3.60	1.28	1.45	-1.58
Basic Earnings per Share	$1.04	$1.07	$1.00	$1.15	$1.32	$0.35	$0.80	$0.24	$0.29	($0.58)
Weighted Average Basic Shares Outstanding	182.16M	180.22M	178.75M	163.44M	148.79M	125.39M	103.40M	89.54M	70.64M	66.31M
Diluted Earnings per Share	$1.04	$1.07	$1.00	$1.15	$1.32	$0.35	$0.79	$0.23	$0.29	($0.58)
Weighted Average Diluted Shares Outstanding	182.40M	180.56M	178.94M	164.09M	149.22M	125.68M	103.81M	90.00M	70.85M	66.31M
Weighted Average Basic & Diluted Shares Outstanding	186.56M	181.78M	179.33M	177.95M	158.40M	148.69M	112.50M	97.23M	82.05M	66.31M

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	91	51	42	60	37	42	50	52	49	30	63
Consolidated Net Income / (Loss)	93	52	43	61	37	43	51	53	51	30	65
Net Income / (Loss) Continuing Operations	93	52	43	61	37	43	51	53	51	30	65
Total Pre-Tax Income	93	52	43	61	37	43	51	53	51	30	65
Total Operating Income	74	72	68	60	64	63	63	58	53	52	54
Total Gross Profit	162	159	153	152	148	147	145	139	138	135	136
Total Revenue	206	199	191	190	188	183	179	172	174	170	166
Operating Revenue	206	199	191	190	188	183	179	172	174	170	166
Total Cost of Revenue	44	40	38	37	39	37	34	33	36	35	30
Operating Cost of Revenue	44	40	38	37	39	37	34	33	36	35	30
Total Operating Expenses	88	87	85	93	85	83	82	81	85	83	83
Selling, General & Admin Expense	14	13	13	12	14	12	12	12	16	14	11
Depreciation Expense	74	74	73	75	71	71	70	68	69	69	69
Other Operating Expenses / (Income)	0.00	-	0.04	0.00	-	-	0.00	0.00	0.00	-	-
Total Other Income / (Expense), net	19	-20	-25	1.45	-26	-21	-12	-5.31	-2.47	-22	11
Interest Expense	33	32	29	27	26	25	24	23	23	22	22
Interest & Investment Income	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.03
Other Income / (Expense), net	52	12	3.76	29	0.00	4.76	12	18	20	-0.01	33
Net Income / (Loss) Attributable to Noncontrolling Interest	2.02	1.10	0.92	1.34	0.87	0.95	1.18	1.24	1.20	0.71	1.45
Basic Earnings per Share	$0.49	$0.28	$0.23	$0.33	$0.20	$0.22	$0.28	$0.29	$0.28	$0.17	$0.35
Weighted Average Basic Shares Outstanding	186.47M	182.16M	182.03M	181.96M	181.71M	180.22M	180.80M	179.41M	179.20M	178.75M	179.05M
Diluted Earnings per Share	$0.49	$0.28	$0.23	$0.33	$0.20	$0.22	$0.28	$0.29	$0.28	$0.17	$0.35
Weighted Average Diluted Shares Outstanding	186.76M	182.40M	182.30M	182.19M	181.99M	180.56M	181.16M	179.74M	179.30M	178.94M	179.16M
Weighted Average Basic & Diluted Shares Outstanding	186.62M	186.56M	182.21M	182.11M	182.08M	181.78M	181.57M	179.66M	179.38M	179.33M	179.22M
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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	16	-4.92	3.59	2.86	8.48	-11	-5.59	6.32	1.40	-12
Net Cash From Operating Activities	460	391	388	336	294	233	198	162	136	122
Net Cash From Continuing Operating Activities	460	391	388	336	294	233	198	162	136	122
Net Income / (Loss) Continuing Operations	193	197	182	196	207	51	96	32	36	-29
Consolidated Net Income / (Loss)	193	197	182	196	207	51	96	32	36	-29
Depreciation Expense	293	278	275	239	215	185	168	151	125	110
Amortization Expense	-0.60	-0.89	-0.35	2.05	4.34	4.86	4.16	4.58	6.21	8.53
Non-Cash Adjustments To Reconcile Net Income	-37	-55	-57	-97	-129	15	-55	-19	-32	30
Changes in Operating Assets and Liabilities, net	12	-28	-12	-3.67	-3.00	-22	-15	-6.86	0.71	2.09
Net Cash From Investing Activities	-731	-320	-448	-1,220	-555	-1,223	-507	-572	-346	-372
Net Cash From Continuing Investing Activities	-731	-320	-448	-1,220	-555	-1,223	-507	-572	-346	-372
Purchase of Property, Plant & Equipment	-150	-108	-112	-40	-56	-65	-35	-46	-30	-17
Acquisitions	-82	-15	-50	-159	-111	-205	-116	-95	-90	-84
Purchase of Investments	-625	-304	-422	-1,211	-662	-995	-565	-497	-378	-292
Sale of Property, Plant & Equipment	126	106	135	188	274	42	208	65	152	22
Other Investing Activities, net	0.00	0.51	0.45	1.02	0.78	0.00	0.24	1.80	0.00	-1.45
Net Cash From Financing Activities	286	-76	63	887	269	979	304	416	212	238
Net Cash From Continuing Financing Activities	286	-76	63	887	269	979	304	416	212	238
Repayment of Debt	-2,032	-1,044	-1,786	-3,613	-1,258	-1,526	-1,071	-541	-615	-400
Payment of Dividends	-274	-268	-267	-246	-224	-190	-159	-141	-117	-106
Issuance of Debt	2,426	1,167	2,063	4,115	1,314	1,843	1,220	678	663	671
Issuance of Common Equity	167	69	55	707	438	852	386	422	283	75
Other Financing Activities, net	-1.05	-0.81	-1.60	-1.34	-1.50	-1.60	-1.52	-0.97	0.00	0.00
Cash Interest Paid	111	93	74	58	59	51	46	41	39	32

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

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

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

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

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

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

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

Frequently Asked Questions About STAG Industrial's Financials

When does STAG Industrial's financial year end?

According to the most recent income statement we have on file, STAG Industrial's fiscal year ends in December. Their fiscal 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 5/28/2025 by MarketBeat.com Staff

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STAG Industrial (STAG) Financials

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STAG Industrial (STAG) Financials

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