# STAG Industrial, Inc. (STAG)

> Source: Nexqual · https://nexqual.com/STAG · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, STAG Industrial, Inc. (STAG), nexqual.com/STAG" · informational, not investment advice.

**Price:** USD 36.51 (+0.14% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 36.46 · day 35.97–36.69 · 52w 35.14–42.61 · market cap $7.19B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $881M, net income $247M (28.1% margin), free cash flow $296M (SEC filings).
- Valuation: P/E 29.1x (avg 31.5x at the last 3 fiscal year-ends), net debt $3.39B.
- Analysts: Hold (mean 2.67 on a 1–5 scale) (12 analysts), mean target USD 41.33 (range 38–44).
- Total return with dividends: 1Y -1.6% vs S&P 500 +14.9%; 5Y +2.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 0.29, revenue estimate $227M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $562M | $657M | $708M | $767M | $845M | $881M |
| Net income | $192M | $178M | $193M | $189M | $274M | $247M |
| Free cash flow | $297M | $276M | $283M | $310M | $259M | $296M |
| Net margin | 34.2% | 27.1% | 27.2% | 24.7% | 32.4% | 28.1% |
| Revenue growth | +16.3% | +16.9% | +7.7% | +8.4% | +10.1% | — |
| Cash + short-term investments | $19.0M | $25.9M | $20.7M | $36.3M | $14.9M | — |
| Total debt | $2.22B | $2.50B | $2.62B | $3.03B | $3.27B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 29.1x · P/S 8.2x · EV/Sales 12.0x · P/FCF 24.3x · P/B 2.0x · FCF yield 4.11% · Earnings yield 3.44% · Dividend yield (paid, TTM) 3.37% · Net debt $3.39B · EV $10.6B
P/E at fiscal year-ends: Dec 2025 25.2x, Dec 2024 32.6x, Dec 2023 36.8x.

## Analysts
Consensus Hold (mean 2.67 on a 1–5 scale), 12 analysts; mean target USD 41.33 (low 38, high 44).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-21 | Evercore ISI Group | Target lowered | Outperform | $43 → $42 |
| 2026-09-14 | Evercore ISI Group | Target lowered | Outperform | $44 → $43 |
| 2026-09-01 | Wells Fargo | Target lowered | Equal-Weight | $40 → $38 |
| 2026-08-31 | Baird | Upgrade | Neutral → Outperform | $42 |
| 2026-07-16 | Barclays | Target raised | Underweight | $38 → $41 |
| 2026-07-01 | Evercore ISI Group | Target lowered | Outperform | $44 → $43 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -1.6% | +2.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -1.6% | +0.4% |
| Volatility (annualized) | 19.0% | 22.6% |
| Max drawdown | -15.2% (Jul 2026→Oct 2026) | -41.1% (Dec 2021→Oct 2022) |

## Peers (REIT - Industrial)
TRNO (Terreno Realty Corporation) USD 65.64 +0.12% · FR (First Industrial Realty Trust, ) USD 55.29 -6.92% · REXR (Rexford Industrial Realty, Inc.) USD 36.28 -1.41% · LINE (Lineage, Inc.) USD 35.09 +2.42% · CUBE (CubeSmart) USD 40.15 +3.05% · EGP (EastGroup Properties, Inc.) USD 202.7 -0.30%

## More
Full page: https://nexqual.com/STAG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Company outlook (8-K filed 2026-07-28)

- "The Company commenced a Build-to-Suit development project totaling 342,975 square feet of warehouse and distribution space at 3400 Discovery Boulevard in Dallas, Texas."
- "The Company signed a lease totaling 72,900 square feet of warehouse and distribution space at the Company's development project at 452 Casual Drive in Greenville, South Carolina."
- "The Company signed a lease totaling 44,980 square feet of warehouse and distribution space at the Company's development project at 2745 Piedmont Commerce Street SW in Charlotte, North Carolina."
- "The Company signed a lease totaling 34,944 square feet of warehouse and distribution space at the Company's development project at 6508 Powell Road in Tampa, Florida."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.29 | $0.28 | +1.5% | $227.3M | 2 |
| Next quarter (ends 2026-12-31) | $0.24 | $0.00 | — | $233.1M | 1 |
| Current fiscal year (ends 2026-12-31) | $1.10 | $0.00 | — | $908.3M | 3 |
| Next fiscal year (ends 2027-12-31) | $1.11 | $1.14 | -2.5% | $969.0M | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-27): ±6.6%; last 8 reports averaged ±2.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 24.9% | ±6.6% |
| 2026-12-18 | 56 | 22.7% | ±7.9% |
| 2027-03-19 | 147 | 21.2% | ±11.2% |
| 2027-06-17 | 237 | 22.1% | ±14.2% |