STAG FINANCIAL STATEMENTS

STAG Industrial Inc — balance sheet, income statement and cash flow trends

STAGSTAG Industrial Inc

🇺🇸 USA · NYSE · Real Estate · REIT - Industrial

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue863.8 M $+10.0%

Gross Profit533.4 M $-14.8%

Operating Income327.7 M $+16.7%

EBITDA696.2 M $+4.6%

Net Income244.1 M $+0.0%

Peer Comparison· REIT - Industrial

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
STAG	10.0%	61.8%	80.6%	28.3%
WDP	10.2%	84.7%	88.0%	72.8%
GRT-UN	7.7%	82.2%	81.6%	61.9%
DIR-UN	8.5%	73.2%	57.6%	35.9%
NSR	1.3%	82.9%	58.6%	59.2%
BWP	7.2%	87.5%	156.6%	160.1%
Industry median	4.0%	61.8%	82.2%	45.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
STAG	10.0%	61.8%	80.6%	28.3%
REXR	1.4%	61.3%	59.9%	23.5%
TRNO	20.2%	63.9%	118.8%	86.5%
FR	8.5%	47.0%	88.1%	46.0%
CUBE	5.0%	11.9%	62.5%	28.9%
EGP	12.2%	36.1%	73.3%	39.7%
Industry median	4.0%	61.8%	82.2%	45.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity3.6 B $50%
Current Liabilities403.3 M $6%
Long-term Liabilities3.1 B $44%

Key Figures

YoY change

Total Assets7.2 B $+4.9%

Total Liabilities3.5 B $+6.5%

Total Equity3.6 B $+3.4%

Cash & ST Investments8.9 M $-5.0%

Total Debt3.2 B $+5.3%

Net Debt3.2 B $+5.3%

Peer Comparison· REIT - Industrial

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
STAG	0.79	90.1%	4.63	49.9%
WDP	0.27	70.5%	7.78	55.8%
GRT-UN	0.59	55.2%	5.86	58.2%
DIR-UN	0.23	60.3%	9.50	59.0%
NSR	0.26	66.0%	10.81	59.9%
BWP	0.46	32.4%	2.87	73.8%
Industry median	0.39	63.2%	4.63	58.2%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
STAG	0.79	90.1%	4.63	49.9%
REXR	0.16	39.3%	5.39	66.6%
TRNO	1.76	24.6%	1.66	77.4%
FR	0.69	93.7%	3.88	47.8%
CUBE	0.15	132.3%	4.95	40.2%
EGP	1.04	46.7%	3.03	65.1%
Industry median	0.39	63.2%	4.63	58.2%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow477.3 M $+4.1%

Capital Expenditures63.5 M $-38.2%

Free Cash Flow431.5 M $+21.3%

Dividends Paid-237.3 M $-185.6%

Peer Comparison· REIT - Industrial

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
STAG	55.3%	49.9%	7.4%	195.5%
WDP	73.4%	68.4%	5.1%	100.9%
GRT-UN	59.8%	59.8%	0.0%	96.7%
DIR-UN	42.1%	20.3%	21.8%	117.3%
NSR	38.3%	30.6%	7.7%	64.7%
BWP	61.2%	61.2%	0.0%	38.2%
Industry median	55.3%	50.6%	7.0%	117.3%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
STAG	55.3%	49.9%	7.4%	195.5%
REXR	53.7%	21.6%	32.1%	228.7%
TRNO	55.5%	41.4%	14.1%	64.2%
FR	64.9%	64.9%	176.2%	141.1%
CUBE	54.0%	54.0%	3.9%	186.8%
EGP	66.4%	56.7%	9.7%	167.2%
Industry median	55.3%	50.6%	7.0%	117.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on STAG

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.