STAG Industrial
Acquires, develops, and operates US industrial properties that generate rental income from tenants.
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Profile
Owns and operates warehouse, distribution, and light-manufacturing properties across US markets, earning rental income from tenants. A single real-estate-operations segment uses acquisitions, development, leasing, and dispositions to manage the portfolio.
Owns and operates warehouse, distribution, and light-manufacturing properties across primary and secondary US industrial markets. The portfolio focuses on properties that serve the storage, distribution, and light-manufacturing needs of tenant businesses. Rental income from those tenants is the revenue source within one aggregated real-estate-operations segment.
Acquisitions, development, leasing, and dispositions are recurring portfolio activities. The acquisition program also uses sale-leasebacks, build-to-suit projects, speculative joint ventures, and forward commitments.
An UPREIT structure holds real-estate interests through an operating partnership. The model depends on tenant rental payments, property leasing and operations, plus access to acquisition, development, and financing opportunities.
Company facts
Categories
Key statistics
Year to date +0.7% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | Robert W. Baird | Target | $40 | $138 | ||
| Jul 16, 2026 | Barclays | Reiterate | Underweight | $38 | $41 | |
| Jun 17, 2026 | Raymond James | Target | $37 | $44 | ||
| May 5, 2026 | Barclays | Reiterate | Underweight | $59 | $38 | |
| Apr 29, 2026 | Evercore ISI | Target | $42 | $44 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.27 | $0.28 | +3.6% | $223.0M | $223.5M | +0.2% | −4.44% |
| Apr 28, 2026Q1 FY26 | $0.24 | $0.65 | +170.8% | $221.5M | $223.8M | +1.1% | −3.72% |
| Feb 11, 2026Q4 FY25 | $0.24 | $0.66 | +175.0% | $212.9M | $220.2M | +3.4% | −4.97% |
| Oct 29, 2025Q3 FY25 | $0.63 | $0.65 | +3.2% | $214.2M | $211.1M | −1.4% | +2.39% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $205.6M | $207.6M | $211.1M | $220.9M | $224.2M | $224.4M | |
| Gross profit | $161.9M | $167.2M | $169.0M | $20.4M | $176.9M | $179.3M | |
| Operating income | $74.7M | $79.8M | $80.3M | $83.6M | $84.0M | $83.1M | |
| Net income | $91.4M | $50.0M | $48.6M | $83.5M | $62.0M | $52.9M | |
| Diluted EPS | $0.49 | $0.27 | $0.26 | $0.44 | $0.32 | $0.28 | |
| Gross margin | 78.8% | 80.5% | 80.0% | 9.2% | 78.9% | 79.9% | |
| Operating margin | 36.3% | 38.4% | 38.0% | 37.8% | 37.5% | 37.0% |
Fiscal years (4-quarter sums)FY21 $562.2M · FY22 $657.3M · FY23 $707.8M · FY24 $767.4M · FY25 $845.2M
Balance sheet, Jun 30, 2026Cash & short-term investments $65.9M · Total debt $3.48B · Total assets $7.48B · Shareholders' equity $3.63B
Dividends
Raised for 12 straight years — most recently to $0.3875 from $0.1242 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.3875 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.3875 | raised from $0.1242 |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.1242 | |
| Nov 28, 2025 | Nov 28 | Dec 15 | $0.1242 | |
| Oct 31, 2025 | Oct 31 | Nov 17 | $0.1242 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.1242 | |
| Aug 29, 2025 | Aug 29 | Sep 15 | $0.1242 | |
| Jul 31, 2025 | Jul 31 | Aug 15 | $0.1242 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 192.80M · Float 191.95M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 28.83M | 14.95% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 17.18M | 8.91% | 13F | Aug 13, 2026 |
| FMR LLC | 12.66M | 6.56% | 13F | Aug 13, 2026 |
| State Street Corp | 9.18M | 4.76% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 8.65M | 4.49% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 19, 2026 | Virgis Colbert | director | −18,000 | $38.08 |
| Feb 23, 2026 | Matts Pinard | officer: EVP, CFO AND TREASURER | −25,242 | $39.18 |
| Feb 23, 2026 | William R. Crooker | director, officer: CEO AND PRESIDENT | −93,732 | $39.17 |
| Nov 5, 2025 | Michael Chase | officer: EVP AND CIO | −13,144 | $38.75 |
| Sep 23, 2025 | Larry T. Guillemette | director | −2,004 | $35.20 |
Peers
- Prologis
Global logistics facilities across U.S. industrial leasing markets
- First Industrial Realty Trust
U.S.-only logistics-property owner, operator, developer and acquirer
- EastGroup Properties
Sun Belt business-distribution space for location-sensitive customers
- Rexford Industrial
Southern California infill industrial properties
- Terreno Realty
Industrial real estate in 6 major coastal U.S. markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| STAG Industrial | $37.18 | +0.01% | $7.17B | 28.6 | 74.1 | 8.1 | +7.7% |
| Prologis | $140.35 | −0.29% | $131.32B | 31.3 | 40.4 | 14.3 | −0.3% |
| First Industrial Realty Trust | $61.94 | 0.00% | $8.21B | 22.6 | 35.3 | 10.8 | +8.2% |
| EastGroup Properties | $200.00 | −0.01% | $10.75B | 35.1 | 36.2 | 14.3 | +9.1% |
| Rexford Industrial | $37.00 | −0.39% | $8.49B | — | 33.1 | 8.6 | −2.6% |
| Terreno Realty | $66.59 | +0.02% | $7.08B | 17.9 | 36.8 | 14.1 | +11.1% |
| Median | 27.0 | 36.2 | 14.1 | +8.2% |