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
Property Revenue	843.01	762.89	705.16	654.38	559.43
Service and Other Revenue	2.18	4.49	2.68	2.97	2.73
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
Total Property Expenses	171.83	154.83	139.6	125.7	107.99
Gross Profit	673.36	612.56	568.24	531.64	454.17
Selling, General & Admin	51.93	49.2	47.49	46.96	48.63
Depreciation & Amortization Expenses	301.8	293.08	278.45	275.04	238.7
Other Operating Expenses	2.69	7.3	4.69	6.15	2.88
Operating Income	316.94	262.98	237.61	203.5	163.97
Net Gains on Disposal of Properties	93.75	32.27	54.1	57.49	97.98
Interest Income	0.39	0.04	0.07	0.1	0.12
Interest Expense	-132.16	-113.17	-94.58	-78.02	-63.48
Other Non-Operating Income (Expense)	0.35	11.14	-	-0.84	-2.15
Total Non-Operating Income (Expense)	-37.67	-69.71	-40.41	-21.27	32.47
Pretax Income	279.27	193.27	197.2	182.23	196.43
Net Income	273.35	189.04	192.63	178.09	188.18
Minority Interest in Earnings	5.75	4.05	4.36	3.91	4.1
Net Income Attributable to Preferred Dividends	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	44.60%	-1.87%	8.17%	-5.36%	-4.34%
Shares Outstanding (Basic)	187	182	180	179	163
Shares Outstanding (Diluted)	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	40.38%	-2.80%	7.00%	-13.04%	-12.88%
Shares Outstanding	191.01	186.52	181.69	179.25	177.77
Free Cash Flow	-139.55	-314.88	-20.76	-145.51	-914.97
Free Cash Flow Per Share	-0.75	-1.73	-0.11	-0.81	-5.58
Dividends Per Share	1.490	1.480	1.470	1.460	1.450
Dividend Growth	0.68%	0.68%	0.69%	0.69%	0.69%
Gross Margin	79.67%	79.82%	80.28%	80.88%	80.79%
Operating Margin	37.50%	34.27%	33.57%	30.96%	29.17%
Profit Margin	33.04%	25.19%	27.86%	27.72%	34.94%
FCF Margin	-16.51%	-41.03%	-2.93%	-22.14%	-162.76%
EBITDA	618.74	556.06	516.06	478.54	402.67
EBITDA Margin	73.21%	72.46%	72.91%	72.80%	71.63%
EBIT	316.94	262.98	237.61	203.5	163.97
EBIT Margin	37.50%	34.27%	33.57%	30.96%	29.17%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q