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STAG Industrial Inc

Real Estate US STAG

39.86USD
0.22(0.56%)

Last update at 2024-07-25T16:50:00Z

Day Range

39.6940.06
LowHigh

52 Week Range

30.0439.24
LowHigh

Fundamentals

  • Previous Close 39.64
  • Market Cap7260.50M
  • Volume413778
  • P/E Ratio38.32
  • Dividend Yield3.78%
  • EBITDA502.05M
  • Revenue TTM694.86M
  • Revenue Per Share TTM3.87
  • Gross Profit TTM 531.64M
  • Diluted EPS TTM1.02

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 182.23M 196.43M 206.79M 50.66M 96.25M
Minority interest -3.90800M 4.10M 4.65M 1.38M 3.32M
Net income 104.22M 131.73M 141.83M -3.58100M 92.93M
Selling general administrative 46.96M 48.63M 40.07M 35.95M 34.05M
Selling and marketing expenses - - - - -
Gross profit 528.68M 454.17M 394.05M 330.77M 281.97M
Reconciled depreciation 274.69M 240.75M 219.08M 190.31M 167.62M
Ebit 205.39M 164.09M 137.66M 107.68M 79.05M
Ebitda 480.43M 402.79M 352.40M 293.13M 246.66M
Depreciation and amortization 275.04M 238.70M 214.74M 185.45M 167.62M
Non operating income net other 56.75M 95.95M 137.50M 7.48M 72.22M
Operating income 205.39M 164.09M 137.66M 107.68M 80.30M
Other operating expenses 444.73M 395.31M 344.17M 296.57M 270.69M
Interest expense 78.02M 63.48M 62.34M 54.65M 48.82M
Tax provision - - - - -
Interest income 0.10M 0.12M 0.45M 0.09M 0.02M
Net interest income -77.91500M -63.36300M -61.89700M -54.56000M -48.79700M
Extraordinary items - - - - -
Non recurring 1.78M - 5.58M 9.76M 6.18M
Other items - - - - -
Income tax expense 78.02M 64.70M 64.96M 54.25M 64.76M
Total revenue 654.38M 562.16M 483.41M 405.95M 350.99M
Total operating expenses 319.03M 287.33M 254.81M 221.40M 201.67M
Cost of revenue 125.70M 107.99M 89.36M 75.18M 69.02M
Total other income expense net -23.15200M 32.34M 69.14M -57.01200M 64.74M
Discontinued operations - - - - -
Net income from continuing ops 182.23M 196.43M 206.79M 50.66M 96.25M
Net income applicable to common shares 178.09M 188.18M 196.72M 43.81M 82.39M
Preferred stock and other adjustments - 3.87M 5.16M 5.16M 10.27M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 6184.99M 5833.25M 4692.65M 4164.65M 3102.53M
Intangible assets 508.94M 567.66M 499.80M 475.15M 342.01M
Earning assets - - - - -
Other current assets 71.73M 60.95M 43.47M 38.23M 36.90M
Total liab 2726.81M 2439.66M 1921.59M 1800.75M 1432.90M
Total stockholder equity 3384.82M 3327.70M 2716.21M 2305.53M 1613.80M
Deferred long term liab 5.20M 5.20M 1.60M 2.40M 3.20M
Other current liab -18.56500M 21.91M 19.38M 17.46M 13.75M
Common stock 1.79M 1.78M 1.58M 1.43M 1.12M
Capital stock 1.79M 1.78M 76.58M 76.43M 76.12M
Retained earnings -876.14500M -792.33200M -742.07100M -723.02700M -584.97900M
Other liab 73.27M 72.86M 60.61M 48.73M 43.72M
Good will - - 499.80M 475.15M 342.01M
Other assets 5429.99M 5.20M 4099.38M 2.40M 3.20M
Cash 25.88M 18.98M 15.67M 9.04M 7.97M
Cash and equivalents - - - - -
Total current liabilities 294.65M 394.38M 196.14M 217.20M 159.76M
Current deferred revenue 40.85M - - - -
Net debt 2508.00M 2232.39M 1715.52M 1652.96M 1317.94M
Short term debt 175.00M 296.00M 107.00M 146.00M 100.50M
Short long term debt 175.00M 296.00M 107.00M 0.00700M 100.50M
Short long term debt total 2533.88M 2251.37M 1731.19M 1662.00M 1325.91M
Other stockholder equity 4188.68M 4130.04M 3421.72M 2970.55M 2118.18M
Property plant equipment 5862.78M 5620.70M 4525.19M 3998.51M 2991.70M
Total current assets 146.94M 177.75M 142.05M 150.71M 101.68M
Long term investments 76.87M 5.22M 0.44M 43.32M 9.15M
Net tangible assets 3384.82M 3327.70M 2383.20M 2230.53M 1538.80M
Short term investments - - - - -
Net receivables 115.51M 93.60M 77.80M 57.59M 42.24M
Long term debt 2323.78M 1939.31M 1636.95M 1517.83M 1229.42M
Inventory -66.18500M 4.21M 5.12M 45.84M 14.57M
Accounts payable 97.37M 76.47M 69.77M 53.74M 45.51M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 73.36M 65.89M 54.84M 58.36M 55.83M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 70.50M -11.78300M -40.02500M -18.42600M 4.48M
Additional paid in capital - - - - -
Common stock total equity 1.79M 1.78M 1.58M 1.43M 1.12M
Preferred stock total equity - - 75.00M 75.00M 75.00M
Retained earnings total equity -876.14500M -792.33200M -742.07100M -723.02700M -584.97900M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 5497.80M 5058.26M 4025.39M 3523.66M 2658.84M
Deferred long term asset charges - - - - -
Non current assets total 6038.05M 5655.50M 4550.60M 4013.94M 3000.85M
Capital lease obligations 35.10M 33.11M 27.90M 16.99M -
Long term debt total 2323.78M 1939.31M 1636.95M 1517.83M 1229.42M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -447.52400M -4.13500M -0.42300M 1.11M -5.71000M
Change to liabilities 16.80M 15.03M 13.01M 0.27M 5.49M
Total cashflows from investing activities -447.52400M -1220.42000M -554.62300M -1222.57400M -507.20100M
Net borrowings 276.85M 502.20M 56.46M 317.35M 148.19M
Total cash from financing activities 63.19M 887.12M 269.18M 978.54M 303.85M
Change to operating activities -21.87000M -18.66400M -11.52800M -8.48000M -8.92100M
Net income 182.23M 196.43M 206.79M 50.66M 96.25M
Change in cash 3.59M 2.86M 8.47M -10.67800M -5.58700M
Begin period cash flow 23.20M 20.34M 11.86M 22.54M 28.13M
End period cash flow 26.79M 23.20M 20.34M 11.86M 22.54M
Total cash from operating activities 387.93M 336.15M 293.92M 233.36M 197.77M
Issuance of capital stock 54.75M 706.99M 438.50M 852.38M 390.45M
Depreciation 274.69M 240.75M 219.08M 190.31M 167.62M
Other cashflows from investing activities 86.62M 34.24M 163.50M -163.59300M 97.90M
Dividends paid -266.81700M -245.72200M -224.28300M -189.58100M 158.87M
Change to inventory - -18.66400M -7.15700M -0.42900M -8.92100M
Change to account receivables -6.43800M -0.03600M -4.48200M -2.50900M -0.90300M
Sale purchase of stock 54.75M -75.00000M 1312.50M 1841.40M -70.00000M
Other cashflows from financing activities 2056.19M 4104.08M -1.55400M -1.22700M 1209.11M
Change to netincome 205.70M 139.72M 87.13M 182.69M 101.52M
Capital expenditures 52.72M 160.38M 114.82M 205.62M 110.29M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes 3.59M 2.86M 8.47M -10.67800M -5.58700M
Change in working capital -11.51300M -3.66700M -3.00200M -10.72000M -4.33100M
Stock based compensation 12.07M 14.96M 11.68M 9.89M 8.92M
Other non cash items -69.54600M -14.58500M -11.30900M -9.19100M -4.68300M
Free cash flow 335.22M 175.77M 179.10M 27.74M 87.48M

Peer Comparison

Sector: Real Estate Industry: REIT - Industrial

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
STAG
STAG Industrial Inc		 0.22 0.56% 39.86 38.32 - 10.23 2.03 13.71 17.25
PLD
Prologis Inc		 -0.47 0.38% 122.61 42.17 52.08 14.75 2.25 18.70 23.08
PSA
Public Storage		 2.32 0.79% 297.87 27.33 27.32 11.54 8.95 14.45 20.02
PLDGP
Prologis Inc		 - -% 55.06 10.93 - 5.05 -
EXR
Extra Space Storage Inc		 1.68 1.04% 163.55 28.98 28.74 14.47 2.23 19.14 26.72

Reports Covered

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Profile

We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets. We are organized and conduct our operations to maintain our qualification as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"), and generally are not subject to federal income tax to the extent we currently distribute our income to our stockholders and maintain our qualification as a REIT. We remain subject to state and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed income. As of December 31, 2022, we owned 562 buildings in 41 states with approximately 111.7 million rentable square feet, consisting of 484 warehouse/distribution buildings, 74 light manufacturing buildings, one flex/office building, and three Value Add Portfolio buildings. While the majority of our portfolio consists of single-tenant properties, we also own multi-tenant properties and may re-lease originally single-tenant properties to multiple tenants. As of December 31, 2022, our buildings were approximately 98.5% leased, with no single tenant accounting for more than approximately 3.0% of our total annualized base rental revenue and no single industry accounting for more than approximately 10.9% of our total annualized base rental revenue. We intend to maintain a diversified mix of tenants to limit our exposure to any single tenant. As of December 31, 2022, our Operating Portfolio was approximately 99.0% leased and our SL Rent Change on new and renewal leases together grew approximately 24.3% and 17.6% during the years ended December 31, 2022 and 2021, resp

STAG Industrial Inc

One Federal Street, Boston, MA, United States, 02110

Key Executives

Name Title Year Born
Mr. Benjamin S. Butcher Exec. Chairman 1953
Mr. William R. Crooker CEO, Pres & Director 1980
Mr. Stephen C. Mecke Exec. VP & COO 1962
Mr. Jeffrey M. Sullivan Exec. VP, Gen. Counsel & Sec. 1969
Mr. Matts S. Pinard Exec. VP, CFO, Treasurer & Sr. VP of Capital Markets and Investor Relations 1983
Mr. Michael Christopher Chase Exec. VP & Chief Investment Officer 1973
Ms. Jaclyn M. Paul Chief Accounting Officer NA
Mr. Steve Xiarhos Associate Capital Markets & Investor Relations NA
Ms. Andrea M. Gillespie Director of HR NA
Mr. Bradford F. Sweeney Sr. VP of Acquisitions 1971

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