Stag Indl Stock Price, News & Analysis

STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust (REIT) focused on industrial real estate within the finance and insurance sector classification "Other Financial Vehicles." According to company and market descriptions, STAG Industrial is involved in the acquisition and operation of industrial properties in the United States, with an emphasis on single-tenant assets and a portfolio that is largely composed of warehouse and distribution buildings.

The company derives nearly all of its income in the form of rental income from its portfolio of warehouse and distribution properties. Available information indicates that many of these facilities are located in Midwestern and Eastern U.S. cities, and that tenants include companies in air freight and logistics, automotive, and industrial equipment industries in terms of overall revenue contribution. This structure aligns STAG Industrial with the broader listed REIT universe while maintaining a specific focus on industrial and logistics-oriented properties.

Business focus and property portfolio

STAG Industrial’s business model centers on owning and operating industrial real estate that is leased to tenants under rental agreements. The company’s portfolio is described as including both single- and multi-tenant properties, with the majority being single-tenant industrial buildings. Within that portfolio, warehouse and distribution facilities represent the vast majority of the real estate holdings.

The company reports key operating metrics that are typical for industrial REITs, such as occupancy rates, leasing activity, and net operating income. In its public results for 2025, STAG Industrial highlighted occupancy levels for its total portfolio and its operating portfolio, as well as leasing volumes measured in square feet. It also reports performance indicators such as Cash Net Operating Income (Cash NOI), Same Store Cash NOI, Adjusted EBITDAre, Core Funds From Operations (Core FFO), and Cash Available for Distribution, which are commonly used non-GAAP measures in the REIT sector.

Leasing, tenants, and markets

STAG Industrial’s customers include air freight and logistics, automotive, and industrial equipment companies in terms of overall revenue, reflecting the industrial and distribution orientation of its properties. The company reports on new and renewal leases, retention rates, and rent changes on both a cash and straight-line basis. For example, in its 2025 quarterly updates, STAG Industrial disclosed leasing activity across millions of square feet, including new leases and renewals in its operating portfolio, and reported percentage changes in cash and straight-line rents on those leases.

The company also distinguishes between its operating portfolio and other categories such as Value Add assets and first generation leasing, and provides statistics on leasing activity for each. Same Store pools, which accounted for a significant portion of total portfolio square footage in 2025, are used to track performance on a comparable-property basis.

Capital structure and financing

STAG Industrial finances its operations and growth through a mix of unsecured credit facilities, unsecured term loans, unsecured notes, and, to a lesser extent, mortgage debt, as reflected in its consolidated balance sheets. SEC filings describe multiple unsecured term loans and a large unsecured credit facility, along with senior unsecured notes issued through a private placement. The company has entered into amendments and restated agreements to extend maturities and adjust interest rate provisions, including the use of Secured Overnight Financing Rate (SOFR)-based borrowing options and interest rate swaps.

In a Form 8-K filed in September 2025, STAG Industrial reported entering into a Second Amended and Restated Term Loan Agreement for a $300 million unsecured term loan (Term Loan G), extending the maturity date and modifying the interest rate structure. The company also amended its unsecured credit facility and several other unsecured term loans to adjust SOFR-related interest provisions. Public disclosures reference metrics such as Net Debt to Annualized Run Rate Adjusted EBITDAre and available liquidity, which help investors assess leverage and financial flexibility.

Dividends and REIT profile

As a REIT, STAG Industrial distributes a significant portion of its cash flow to shareholders in the form of dividends. Company announcements show a pattern of recurring common stock dividends and provide details on record dates, payment dates, and per-share amounts. In 2025, the Board of Directors declared monthly common stock dividends for multiple quarters. In January 2026, STAG Industrial announced an increase in its annual dividend rate and a shift from a monthly to a quarterly dividend cadence, with a specified first quarter dividend per share and related record and payment dates.

These dividend announcements underscore the company’s focus on regular cash distributions to shareholders, consistent with REIT structures. The company also communicates expectations regarding the timing of future dividend declarations, noting that any such dividends are subject to Board approval.

Growth, acquisitions, and development

STAG Industrial reports on acquisition, disposition, and development activity as part of its operating strategy. In 2025, the company disclosed acquisitions of industrial buildings and land parcels, including details such as purchase prices, occupancy at acquisition, weighted average lease terms, and capitalization rates. It also reported dispositions of properties, including square footage and sale prices.

The company’s disclosures reference a development pipeline and specific development projects, such as warehouse and distribution facilities in locations including Greer, South Carolina and Lebanon, Tennessee, where full building leases and additional leases were signed. STAG Industrial also notes the total square footage of leases signed across its development projects in a given period, illustrating its engagement in both stabilized and development-stage industrial assets.

Financial reporting and investor communications

STAG Industrial regularly issues press releases and files Current Reports on Form 8-K to provide updates on quarterly and year-to-date financial results, operating performance, and capital markets activities. These communications include consolidated balance sheets and statements of operations, along with reconciliations for non-GAAP measures. The company also hosts conference calls to discuss quarterly results and provides supplemental information packages and investor presentations.

In addition, STAG Industrial participates in industry conferences, such as NAREIT’s REITworld Annual Conference, and makes investor materials available through its investor relations channels. These efforts are intended to provide transparency into the company’s portfolio, financial condition, and strategic priorities.

Regulatory and corporate structure

According to SEC filings, STAG Industrial, Inc. is incorporated in Maryland and has its principal executive offices in Boston, Massachusetts. The company operates through STAG Industrial Operating Partnership, L.P., a Delaware limited partnership, and also reports noncontrolling interests in its operating partnership and joint ventures. Its common stock trades on the New York Stock Exchange under the symbol STAG.

As a public REIT, STAG Industrial is subject to the reporting requirements of the Securities Exchange Act of 1934 and files periodic and current reports with the U.S. Securities and Exchange Commission. These filings, along with press releases and supplemental materials, form the primary source of detailed information about the company’s operations, financial performance, and risk factors.