STAG Industrial, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 27, 2026, reporting third-quarter rental income of $230,970 thousand and net income of $72,156 thousand.

Key Highlights

  • Rental income: $230,970 thousand for the three months ended September 30, 2026, compared with $209,995 thousand in the same period of 2025, according to the filing.
  • Net income: $72,156 thousand for Q3 2026, up from $49,649 thousand in Q3 2025, as reported in the consolidated statements of operations.
  • Net income per share (basic and diluted): $0.37 attributable to common stockholders for the three months ended September 30, 2026, versus $0.26 in the prior-year period.
  • Total assets: $7,504,485 thousand as of September 30, 2026, compared with $7,208,069 thousand as of December 31, 2025.
  • Gain on sales of rental property, net: $24,244 thousand for Q3 2026, and $47,689 thousand for the nine months ended September 30, 2026.
  • Shares outstanding: 192,821,995 common shares outstanding as of October 26, 2026, per the filing cover page.
  • Total equity: $3,728,679 thousand as of September 30, 2026, versus $3,671,029 thousand as of December 31, 2025.

STAG Industrial's Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the Form 10-Q filed with the SEC on NYSE:STAG, STAG Industrial, Inc. reported total revenue of $231,045 thousand for the three months ended September 30, 2026, compared with $211,121 thousand for the same period in 2025. Rental income accounted for the large majority of that figure at $230,970 thousand. For the nine months ended September 30, 2026, total revenue reached $679,621 thousand, up from $624,288 thousand in the prior-year nine-month period.

The company disclosed total expenses of $142,419 thousand for Q3 2026, including depreciation and amortization of $80,548 thousand, property expenses of $46,236 thousand, and general and administrative expenses of $14,830 thousand. Interest expense for the quarter was $39,126 thousand, compared with $31,670 thousand in Q3 2025. Debt extinguishment and modification expenses were $1,592 thousand in the quarter. Net income attributable to STAG Industrial, Inc. was $70,709 thousand for the three months ended September 30, 2026, and $185,625 thousand for the nine months ended September 30, 2026.

On the balance sheet, the company reported total rental property, net, of $7,112,381 thousand as of September 30, 2026, versus $6,800,007 thousand as of December 31, 2025. Total liabilities were $3,775,806 thousand, including an unsecured credit facility balance of $463,000 thousand, unsecured term loans (net) of $1,020,550 thousand, and unsecured notes (net) of $1,918,147 thousand. Total stockholders' equity was $3,650,272 thousand, reflecting additional paid-in capital of $4,683,517 thousand and cumulative dividends in excess of earnings of ($1,072,893) thousand. Accumulated other comprehensive income was $37,720 thousand, compared with $11,853 thousand at December 31, 2025, reflecting interest rate swap gains of $26,405 thousand for the nine-month period.

What Was Disclosed

STAG Industrial filed its unaudited quarterly report for the period ended September 30, 2026, disclosing Q3 rental income of $230,970 thousand, net income of $72,156 thousand, total assets of $7,504,485 thousand, and 192,821,995 common shares outstanding as of October 26, 2026.