STAG Industrial Income 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
Rental Revenue	843.01	762.89	705.16	654.38	559.43
Other Revenue	2.18	4.49	2.68	2.97	2.73
Total Revenue	845.18	767.38	707.84	657.35	562.16
Revenue Growth (YoY	10.14%	8.41%	7.68%	16.93%	16.29%
Property Expenses	171.83	154.83	139.6	125.7	107.99
Selling, General & Administrative	51.93	49.2	47.49	46.96	48.13
Depreciation & Amortization	301.8	293.08	278.45	275.04	238.7
Other Operating Expenses	1.8	2.33	2.19	4.36	2.88
Total Operating Expenses	527.35	499.44	467.73	452.06	397.69
Operating Income	317.83	267.95	240.11	205.28	164.47
Interest Expense	-132.16	-113.17	-94.58	-78.02	-63.48
Interest & Investment Income	-	0.04	0.07	0.1	0.12
Other Non-Operating Income	2.24	11.84	-	-	-
EBT Excluding Unusual Items	187.91	166.66	145.6	127.37	101.1
Gain (Loss) on Sale of Assets	93.75	32.27	54.1	57.49	97.98
Asset Writedown	-0.89	-4.97	-	-1.78	-
Other Unusual Items	-1.5	-0.7	-2.5	-0.84	-2.65
Pretax Income	279.27	193.27	197.2	182.23	196.43
Earnings From Continuing Operations	279.27	193.27	197.2	182.23	196.43
Minority Interest in Earnings	-5.75	-4.05	-4.36	-3.91	-4.1
Net Income	273.52	189.22	192.85	178.33	192.33
Preferred Dividends & Other Adjustments	0.17	0.18	0.21	0.24	4.16
Net Income to Common	273.35	189.04	192.63	178.09	188.18
Net Income Growth	44.55%	-1.88%	8.14%	-7.28%	-4.85%
Basic Shares Outstanding	187	182	180	179	163
Diluted Shares Outstanding	187	182	181	179	164
Shares Change (YoY)	2.61%	1.02%	0.90%	9.05%	9.97%
EPS (Basic)	1.46	1.04	1.07	1.00	1.15
EPS (Diluted)	1.46	1.04	1.07	1.00	1.15
EPS Growth	40.69%	-2.91%	7.29%	-13.37%	-12.88%
Dividend Per Share	-	1.480	1.470	1.460	1.450
Dividend Growth	-	0.68%	0.69%	0.69%	0.69%
Operating Margin	37.60%	34.92%	33.92%	31.23%	29.26%
Profit Margin	32.34%	24.63%	27.21%	27.09%	33.47%
EBITDA	617.09	560.42	517.67	479.97	405.22
EBITDA Margin	73.01%	73.03%	73.13%	73.02%	72.08%
D&A For Ebitda	299.26	292.48	277.56	274.69	240.75
EBIT	317.83	267.95	240.11	205.28	164.47
EBIT Margin	37.60%	34.92%	33.92%	31.23%	29.26%
Funds From Operations (FFO)	-	458.21	420.77	400.8	332.23
Adjusted Funds From Operations (AFFO)	-	458.21	420.77	400.8	332.23
FFO Payout Ratio	-	60.00%	63.59%	66.57%	-
Revenue as Reported	845.18	767.38	707.84	657.35	562.16

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.