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Stag Industrial
(NYSE:STAG)
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Rating:71Outperform
Price Target:
$43.00
â–²(4.60% Upside)
Action:Reiterated
Date:07/30/26
The score is driven primarily by solid financial performance (steady growth, healthy profitability, strong cash generation) and a positive earnings update with improved guidance and strong leasing/occupancy trends. Offsetting factors are a relatively expensive valuation (high P/E) and only mixed near-term technicals (below the 20-day average despite support from longer-term averages).
Positive Factors
Cash Generation
Consistent operating cash flow and materially improving free cash flow underpin STAG's ability to fund dividends, reinvest in properties, and pursue accretive acquisitions without relying exclusively on equity issuance. Over 2–6 months this strengthens financial flexibility and supports durable payout and capital recycling.
Negative Factors
Leverage Sensitivity
Material leverage across annual periods keeps interest-rate and refinancing risk elevated for a rate-sensitive REIT. High debt-to-equity reduces capital flexibility, constrains the pace of acquisitions or development, and increases vulnerability to rate moves or covenant pressure over the medium term; reporting discontinuities add uncertainty.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistent operating cash flow and materially improving free cash flow underpin STAG's ability to fund dividends, reinvest in properties, and pursue accretive acquisitions without relying exclusively on equity issuance. Over 2–6 months this strengthens financial flexibility and supports durable payout and capital recycling.
Read all positive factors
Stag Industrial (STAG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.38B
Dividend Yield3.97%
Average Volume (3M)1.58M
Price to Earnings (P/E)29.4
Beta (1Y)0.47
Revenue Growth9.63%
EPS Growth3.17%
CountryUS
Employees93
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)1.30
Shares Outstanding192,808,330
10 Day Avg. Volume1,898,965
30 Day Avg. Volume1,580,495
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)1.92
Price to Sales (P/S)8.17
P/FCF Ratio17.18
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$42.50Price Target Upside3.38% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)1.08
Revenue Forecast (FY)$905.74M
Stag Industrial Business Overview & Revenue Model
Company Description
STAG Industrial, Inc. is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was...
How the Company Makes Money
STAG makes money primarily by leasing industrial properties to tenants under contractual lease agreements and collecting rent. Its core revenue stream is rental income, which typically includes base rent and may also include additional recoveries ...
Stag Industrial Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call conveys a constructive and improving operating environment: stable/improving fundamentals (net absorption, lower supply, strong leasing spreads), modest FFO growth, disciplined balance sheet with ample liquidity, and an active acquisition/development pipeline with attractive yields. Headwinds include a competitive acquisition market with tighter cap rates, some slower regional pockets (ports, Reno), quarter-to-quarter leasing variability, and limits on how fast development can be ramped. Overall, positive operating momentum and strengthened guidance outweigh the challenges.Positive Updates
Core FFO Growth
Core FFO per share of $0.65 in Q2, up 3.2% year-over-year; 2026 Core FFO guidance raised to $2.61–$2.65 per share (midpoint +$0.01).
Negative Updates
Quarter-to-Quarter Leasing Variability
Q2 saw some softer new-lease metrics versus Q1 due to composition (fewer outsized roll-ups); company noted one new lease rolled closer to market reducing quarter-on-quarter spreads—reminding that leasing spreads can vary by quarter.
Read all updates
Q2-2026 Updates
Positive
Negative
Core FFO Growth
Core FFO per share of $0.65 in Q2, up 3.2% year-over-year; 2026 Core FFO guidance raised to $2.61–$2.65 per share (midpoint +$0.01).
Read all positive updates
Company Guidance
Management updated 2026 guidance, trimming credit-loss guidance from 50 bps to 30 bps (6 bps incurred YTD), raising average same‑store occupancy by 25 bps to 96.25%–97.25%, narrowing retention to 75%, boosting cash same‑store NOI growth to 3.0%–3.5% (up 25 bps at the midpoint), increasing acquisition volume to $400M–$700M with an expected stabilized cap rate of 6.0%–6.5%, and nudging Core FFO to $2.61–$2.65 per share (up $0.01 at the midpoint); management also said 92% of 2026 forecasted leasing has been addressed at consistent levels.Stag Industrial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 880.59M | 845.18M | 767.38M | 707.84M | 657.35M | 562.16M |
| Gross Profit | 545.58M | 518.44M | 612.56M | 568.24M | 531.64M | 454.17M |
| EBITDA | 710.84M | 718.24M | 599.51M | 570.22M | 535.29M | 500.67M |
| Net Income | 246.99M | 273.48M | 189.22M | 192.84M | 178.33M | 192.33M |
Balance Sheet | ||||||
| Total Assets | 7.48B | 7.21B | 6.83B | 6.28B | 6.18B | 5.83B |
| Cash, Cash Equivalents and Short-Term Investments | 65.89M | 14.91M | 36.28M | 20.74M | 25.88M | 18.98M |
| Total Debt | 3.48B | 3.29B | 3.06B | 2.66B | 2.53B | 2.25B |
| Total Liabilities | 3.77B | 3.54B | 3.30B | 2.84B | 2.73B | 2.44B |
| Stockholders Equity | 3.63B | 3.60B | 3.46B | 3.37B | 3.38B | 3.33B |
Cash Flow | ||||||
| Free Cash Flow | 444.47M | 401.81M | 375.06M | 372.63M | 335.22M | 175.77M |
| Operating Cash Flow | 476.36M | 463.39M | 460.29M | 391.09M | 387.93M | 336.15M |
| Investing Cash Flow | -816.08M | -497.30M | -731.06M | -320.35M | -447.52M | -1.22B |
| Financing Cash Flow | 370.43M | 97.40M | 286.29M | -75.67M | 63.19M | 887.12M |
Stag Industrial Technical Analysis
Negative
41.11
Price Trends
38.68
Negative
38.09
Negative
37.71
Positive
Market Momentum
-0.07
Positive
37.75
Neutral
9.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For STAG, the sentiment is Negative. The current price of 41.11 is above the 20-day moving average (MA) of 39.92, above the 50-day MA of 38.68, and above the 200-day MA of 37.71, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 37.75 is Neutral, neither overbought nor oversold. The STOCH value of 9.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for STAG.
Stag Industrial Risk Analysis
Stag Industrial disclosed 48 risk factors in its most recent earnings report. Stag Industrial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Stag Industrial Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $7.62B | 17.56 | 10.36% | 2.86% | 20.19% | 105.93% | |
75 Outperform | $11.24B | 36.60 | 8.61% | 2.91% | 10.80% | 22.88% | |
75 Outperform | $9.02B | 23.94 | 13.42% | 2.82% | 8.44% | 34.29% | |
71 Outperform | $7.38B | 29.43 | 6.94% | 3.70% | 9.63% | 3.17% | |
71 Outperform | $3.57B | 60.42 | 3.14% | 4.56% | -4.21% | -28.11% | |
67 Neutral | $8.42B | -20.64 | -4.75% | 4.44% | 0.58% | -234.18% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
STAG
Stag Industrial
37.77
4.35
13.00%
EGP
Eastgroup Properties
204.17
47.60
30.40%
TRNO
Terreno Realty
70.36
17.56
33.25%
FR
First Industrial Realty
64.15
17.56
37.68%
LXP
LXP Industrial Trust
60.55
22.96
61.06%
REXR
Rexford Industrial Realty
37.00
1.97
5.61%
Stag Industrial Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Stag Industrial Optimizes Long-Term Unsecured Debt Structure
Positive
Jul 22, 2026
On July 16, 2026, STAG Industrial amended and restated its financing arrangements, consolidating a $150 million unsecured term loan and a $200 million unsecured term loan into a single $350 million senior unsecured facility, extending the maturity...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.