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	273.52	189.22	192.85	178.33	192.33
Depreciation & Amortization	299.26	292.48	277.56	274.69	240.75
Gain (Loss) on Sale of Assets	-93.75	-32.27	-54.1	-57.49	-97.98
Asset Writedown	0.89	4.97	-	1.78	-
Stock-Based Compensation	12.72	11.74	11.49	12.07	14.96
Change in Accounts Receivable	1.16	4.61	1.92	-6.44	-0.04
Change in Accounts Payable	4.65	22.75	-9.24	13.53	6.76
Change in Other Net Operating Assets	-28.02	-27.43	-23.87	-21.87	-18.66
Other Operating Activities	-10.09	-17.7	-8.39	-9.93	-10.24
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%
Acquisition of Real Estate Assets	-602.93	-775.17	-411.85	-533.44	-1,251
Sale of Real Estate Assets	164.24	126.48	105.6	135.35	187.97
Net Sale / Acq. of Real Estate Assets	-438.7	-648.69	-306.25	-398.09	-1,063
Cash Acquisition	-	-0.45	-	-	-3.13
Other Investing Activities	-0.52	-0.24	4.36	-0.26	0.02
Investing Cash Flow	-497.3	-731.06	-320.35	-447.52	-1,220
Long-Term Debt Issued	1,999	2,426	1,167	2,063	4,115
Long-Term Debt Repaid	-1,771	-2,019	-1,044	-1,781	-3,603
Net Debt Issued (Repaid)	227.78	406.79	123.5	282.06	511.78
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
Preferred Share Repurchases	-	-	-	-	-75
Common Dividends Paid	-283.97	-274.92	-267.57	-266.82	-
Common & Preferred Dividends Paid	-	-	-	-	-245.72
Total Dividends Paid	-283.97	-274.92	-267.57	-266.82	-245.72
Other Financing Activities	-2.44	-11.81	-0.27	-5.21	-9.58
Net Cash Flow	63.49	15.53	-4.92	3.59	2.86
Cash Interest Paid	127.68	108.82	89.98	72.74	58.39
Levered Free Cash Flow	239.57	351.58	328.8	304.37	144.52
Unlevered Free Cash Flow	322.17	422.31	387.91	353.13	184.19
Change in Working Capital	-19.16	11.87	-28.31	-11.51	-3.67

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