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Companies / Real Estate / STAG Industrial, Inc.
STAG

STAG Industrial, Inc.

Real EstateREITs
Ticker STAGBOSTON, MAFiscal year ends DecemberBook value per share $18.98Diluted shares 191.3M

STAG Industrial, Inc. (NYSE: STAG) operates as a real estate investment trust focused on the acquisition, ownership, development, and operation of industrial properties throughout the United States. The company's website is www.stagindustrial.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$845.18M
+10.1% year over year
Last 12 mo $880.59M
0.00%
$279.27M
+44.5% year over year
Last 12 mo $252.17M
7.63%
+2 percentage points
Last 12 mo 6.80%
Cash & financing
$463.39M
+0.7% year over year
Last 12 mo $476.36M
$-139.55M
+55.7% year over year
Last 12 mo $-380.65M
0.91
Was 0.89× a year earlier
Last 12 mo 0.95
187.2M
+2.6% year over year
Last 12 mo 191.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What STAG Industrial, Inc. does

In the company’s own words

STAG Industrial, Inc. (NYSE: STAG) operates as a real estate investment trust focused on the acquisition, ownership, development, and operation of industrial properties throughout the United States. The company's website is www.stagindustrial.com.

As of December 31, 2025, STAG Industrial owns 601 buildings comprising approximately 120.0 million rentable square feet across 41 states, with seven additional development projects in progress. The company maintains a highly diversified tenant base, with no single tenant accounting for more than approximately 2.8% of total annualized base rental revenue and no single industry exceeding approximately 11.4% of revenue. The portfolio achieves approximately 96.4% occupancy overall, with the operating portfolio reaching 97.2% occupancy.

The company's business model centers on acquiring individual properties or small portfolios within CBRE-EA Tier 1 industrial real estate markets, providing property management services, and pursuing disciplined acquisition strategies designed to generate reliable cash flow and long-term asset appreciation. STAG Industrial targets markets with institutional presence, size, and transaction velocity, enabling a granular and quantitative investment approach. The company's strategy emphasizes diversification through individual asset acquisition rather than large portfolio purchases, differentiating it from competitors focused on super-primary markets.

STAG Industrial operates through a single reporting segment and maintains an integrated platform combining acquisition, leasing, and operations functions. The company is structured as an umbrella partnership REIT, or UPREIT, with its publicly traded entity operating as the REIT and STAG Industrial Operating Partnership, L.P. serving as the umbrella partnership. This structure facilitates tax-deferred property acquisitions through the issuance of common units in the operating partnership.

As of December 31, 2025, the company employed 93 individuals. The company maintains a corporate responsibility program incorporating sustainability, environmental, social, and governance initiatives, including participation in the Global Real Estate Sustainability Benchmark and adherence to Science-Based Targets Initiative greenhouse gas reduction goals. STAG Industrial qualifies as a REIT under Internal Revenue Code sections 856 through 860, allowing it to distribute substantially all taxable income to stockholders while remaining subject to state, local, and certain federal taxes.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
BOSTON, MA
Fiscal year end
December
CIK
1479094
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-122.68M$150.94M$424.56M$698.18M$971.80M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns STAG Industrial, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

435
funds hold it
0 of 35
superinvestors hold it
$3.17B
held by funds, at market
43.0%
of shares held by funds

Largest fund holders · STAG Industrial, Inc.’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
0.38%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.20%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.16%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do STAG Industrial, Inc. and its peers compare on margins and cash generation over ten years?”
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