Loading…
REIT that acquires and operates single-tenant industrial warehouse/distribution properties across the US.
REIT that acquires and operates single-tenant industrial warehouse/distribution properties across the US.
Earns rent on mostly net leases, where the tenant pays property taxes, insurance and upkeep, and grows mainly by buying existing single-tenant buildings, including many outside the largest coastal hubs, rather than by developing. As a REIT it pays out most taxable income, so purchases depend on raising new debt and shares.
Moat: none (scale). Geographically diversified single-tenant industrial portfolio, but leasing is a commodity business with many competitors.
Headquarters: Boston, Massachusetts, United States · Founded: 2010 · Employees: 93
Size STAG Industrial (STAG) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $7.06B, the 956th largest of 3,117 United States companies the cockpit tracks. Shares closed at $36.60 on 6 Nov 2026.
Performance Over six months the shares fell 6.0%, against +1.2% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 9.3% over the last twelve months (peer median +5.6%); the operating margin is 37.7% (peer median 41.5%).
Valuation It trades at 1.93× book value against a peer median of 1.39× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 15.5%; STAG Industrial delivers 7.6%, so the price asks more than the business earns today.
Short interest Short interest is 4.2% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $901M | $845M | $767M | $708M | $657M |
| Revenue growth | — | +10% | +8% | +8% | — |
| Gross profit | $398M | $372M | $319M | $290M | $257M |
| EBITDA | $658M | $620M | $561M | $516M | $480M |
| Net income | $269M | $273M | $189M | $193M | $178M |
| Free cash flow | $107M | $61.5M | -$168M | $283M | $276M |
| Capital expenditure | $482M | $460M | $710M | $126M | $163M |
| Total debt | $3.48B | $3.32B | $3.10B | $2.69B | $2.57B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| STAG Industrial STAG | $7.06B | -6% | +9% | 8% | 1.93× | 15.5% |
| First Industrial Realty Trust FR | $7.13B | -14% | +9% | 13% | 2.57× | 20.9% |
| EastGroup Properties EGP | $10.4B | -6% | +10% | 9% | 2.92× | 22.3% |
| Prologis PLD | $123B | -11% | +7% | 8% | 2.16× | 20.9% |
| Terreno Realty TRNO | $7.24B | 0% | +18% | 9% | 1.61× | 14.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | STAG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | +6.4% | 6th lowest of 21 |
| 6-month return | -6.0% | +1.2% | 6th lowest of 21 |
| Return on equity | 7.6% | 6.5% | 10th highest of 21 |
| Price / book | 1.93× | 1.39× | 6th most expensive of 21 |
| Trailing P/E | 26.0× | 18.8× | 3rd most expensive of 15 |
| ROE the price implies | 15.5% | 11.9% | 6th most demanding of 21 |
| ROE delivered | 7.6% | 6.5% | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| STAG Industrial STAG | United States | $7.06B | -6% | +9% | 8% | 1.93× | 15.5% | 7.6% |
| Macerich MAC | United States | $7.04B | +14% | +9% | -14% | 2.50× | 33.9% | -14.5% |
| First Industrial Realty Trust FR | United States | $7.13B | -14% | +9% | 13% | 2.57× | 20.9% | 13.2% |
| Terreno Realty TRNO | United States | $7.24B | 0% | +18% | 9% | 1.61× | 14.0% | 9.2% |
| GPT GPT.AX | Australia | $6.88B | +11% | -8% | 10% | 0.92× | 11.0% | 10.0% |
| Charter Hall CHC.AX | Australia | $7.26B | +14% | -19% | 37% | 18.01× | 213.5% | 36.9% |
| Nippon Building Fund 8951.T | Japan | $6.75B | -8% | -21% | 6% | 1.41× | 5.3% | 5.9% |
| COPT Defense Properties CDP | United States | $7.43B | +4% | +7% | 11% | 2.42× | 17.3% | 11.2% |
| Vornado Realty Trust VNO | United States | $6.70B | +11% | +2% | 0% | 1.44× | 17.3% | 0.2% |
| Land Securities LAND.L | United Kingdom | $7.51B | +20% | +7% | 5% | 0.77× | 11.9% | 5.3% |
| Healthcare Realty Trust HR | United States | $6.50B | -5% | -6% | -2% | 1.56× | 11.9% | -2.0% |
| Rayonier RYN | United States | $6.45B | +6% | -13% | 2% | 1.23× | 10.9% | 2.0% |
| Stockland SGP.AX | Australia | $7.74B | +15% | +15% | 10% | 1.04× | 11.7% | 9.5% |
| Alexandria Real Estate Equities ARE | United States | $7.80B | -2% | -10% | -9% | 0.52× | 7.0% | -9.1% |
| NNN REIT NNN | United States | $7.89B | -7% | +7% | 9% | 1.75× | 12.9% | 8.9% |
| Choice Properties Real Estate Investment Trust CHP-UN.TO | Canada | $7.95B | -1% | +4% | -2% | 2.66× | 14.7% | -1.7% |
| Vicinity Centres VCX.AX | Australia | $8.01B | 0% | +3% | 12% | 0.94× | 9.7% | 12.0% |
| Essential Properties Realty Trust EPRT | United States | $6.21B | -11% | +21% | 6% | 1.36× | 11.1% | 6.3% |
| Rexford Industrial Realty REXR | United States | $8.02B | +4% | -2% | -6% | 1.16× | 11.7% | -5.9% |
| MERLIN Properties SOCIMI MRL.MC | Spain | $8.05B | -23% | +13% | 10% | 0.77× | 8.0% | 9.9% |
| LondonMetric Property LMP.L | United Kingdom | $6.16B | +2% | +17% | 7% | 0.93× | 12.6% | 6.7% |