STAG Industrial Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	279.27	193.27	197.2	182.23	196.43
Depreciation & Amortization	301.8	293.08	278.45	275.04	238.7
Stock-Based Compensation	12.72	11.74	11.49	12.07	14.96
Other Adjustments	-120.57	-39.76	-67.41	-69.9	-110.27
Change in Receivables	1.16	4.61	1.92	-6.44	-0.04
Changes in Accrued Expenses	4.65	22.75	-9.24	13.53	6.76
Changes in Unearned Revenue	3.05	11.94	2.88	3.26	8.27
Changes in Other Operating Activities	-28.02	-27.43	-23.87	-21.87	-18.66
Operating Cash Flow	463.39	460.29	391.09	387.93	336.15
Operating Cash Flow Growth	0.67%	17.69%	0.81%	15.40%	14.37%
Capital Expenditures	-602.93	-775.17	-411.85	-533.44	-1,251
Sale of Property, Plant & Equipment	164.24	126.48	105.6	135.35	187.97
Purchases of Intangible Assets	-58.09	-81.68	-18.46	-49.17	-154.76
Other Investing Activities	-0.52	-0.18	2.96	-0.25	-3.11
Investing Cash Flow	-497.3	-731.06	-320.35	-447.52	-1,220
Short-Term Debt Issued	1,394	1,976	1,167	1,288	2,665
Short-Term Debt Repaid	-1,541	-1,969	-940	-1,409	-2,476
Net Short-Term Debt Issued (Repaid)	-147	7	227	-121	189
Long-Term Debt Issued	605	450	-	775	1,450
Long-Term Debt Repaid	-230.22	-50.22	-100.27	-371.94	-1,127
Net Long-Term Debt Issued (Repaid)	374.78	399.79	-100.27	403.06	322.78
Issuance of Common Stock	156.69	167.28	69.49	54.75	706.99
Repurchase of Common Stock	-0.65	-1.05	-0.81	-1.6	-1.34
Net Common Stock Issued (Repurchased)	156.04	166.23	68.67	53.16	705.65
Repurchase of Preferred Stock	-	-	-	-	-75
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-75
Common Dividends Paid	-283.97	-274.92	-267.57	-266.82	-245.72
Other Financing Activities	-1.04	-4.91	-11.81	-5.21	-9.58
Financing Cash Flow	97.4	286.29	-75.67	63.19	887.12
Net Cash Flow	63.49	15.53	-4.92	3.59	2.86
Free Cash Flow	-139.55	-314.88	-20.76	-145.51	-914.97
FCF Margin	-16.51%	-41.03%	-2.93%	-22.14%	-162.76%
Free Cash Flow Per Share	-0.75	-1.73	-0.11	-0.81	-5.58
Levered Free Cash Flow	179.67	120.99	155.74	196.67	-316.11
Unlevered Free Cash Flow	-4.51	-211.85	73.98	-59.97	-852.09

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.