STAG
STAG Industrial, Inc.
STAG's fundamentals are mixed: revenue grew 9.3%, while its operating margin held steady at 38%. At 26x earnings, it's trading below its usual 34x. Analysts expect earnings to decline.
STAG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
STAG's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like STAG.
STAG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 26x | $36.99 | — |
| Cheap | 27x | $37.45 | +1.3% |
| Fair | 34x | $48.22 | +30% |
| Expensive | 38x | $53.85 | +46% |
| Forward | 40x | $36.99 | — |
Historical ranges are pointers, not guarantees.
STAG's PE is in its cheap range at 26x. Analysts expect earnings to fall, which would put today's price at 40x next year's earnings, in its expensive range.
STAG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Decline | |
| Growth | |
| -- | |
| Limited | |
| -- |
Analysts expect STAG's revenue to grow, but its earnings to decline.
STAG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.93 | -34% |
| Q3 2026 | $1.41 | +8.5% |
| Q2 2026 | $1.30 | +2.4% |
| Q1 2026 | $1.29 | -3% |
| Q4 2025 | $1.46 | +40% |
| Q3 2025 | $1.30 | +33% |
| Q2 2025 | $1.27 | +23% |
| Q1 2025 | $1.33 | +34% |
| Q4 2024 | $1.04 | -2.8% |
STAG earned $1.41 per share over the past year, up 8.5% from the year before.
STAG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $231M | +9.4% |
| Q2 2026 | $224.4M | +8.1% |
| Q1 2026 | $224.2M | +9.1% |
| Q4 2025 | $220.9M | +11% |
| Q3 2025 | $211.1M | +11% |
| Q2 2025 | $207.6M | +9.4% |
| Q1 2025 | $205.6M | +9.6% |
| Q4 2024 | $199.3M | +8.7% |
STAG's revenue has grown year over year every quarter since late 2020: $231M last quarter, up 9.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | +0.4 points |
| Q2 2026 | 37% | -1 points |
| Q1 2026 | 37% | +1.4 points |
| Q4 2025 | 38% | +1.7 points |
| Q3 2025 | 38% | +2.5 points |
| Q2 2025 | 38% | +6.6 points |
| Q1 2025 | 36% | +2.2 points |
| Q4 2024 | 36% | +1.7 points |
STAG's operating margin was 38% last quarter, about level with the same quarter a year ago, near the top of its range since 2019.
STAG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $106M | +11% |
| Q2 2026 | $80.1M | +29% |
| Q1 2026 | $76.1M | +33% |
| Q4 2025 | $43.8M | +17% |
| Q3 2025 | $95.5M | +10% |
| Q2 2025 | $62.3M | -41% |
| Q1 2025 | $57.2M | -29% |
| Q4 2024 | $37.6M | -39% |
STAG's free cash flow was $306M over the past year, up 21% from the year before. Free cash flow isn't a meaningful measure for real estate companies like STAG.
STAG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +1.6M shares |
| 1 year | +3.2% | +6.1M shares |
| 3 years | +6.5% | +11.7M shares |
| 5 years | +18% | +29.4M shares |
| Available history | +53% | +67.2M shares |
STAG has 193M diluted shares, up 3.2% from a year ago.
STAG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.2x | High |
| Q2 2026 | 5.3x | High |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 5.2x | High |
| Q3 2025 | 5.1x | High |
| Q2 2025 | 5.2x | High |
| Q1 2025 | 5.3x | High |
| Q4 2024 | 5.4x | High |
STAG's net debt is about 5.2 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for real estate companies like STAG.
STAG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 43.3 | Neutral |
STAG's weekly RSI is 48 (neutral) and its Stochastic is 43 (neutral).
STAG PE vs Real Estate Sector
| Metric | STAG | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 24x | 9.7% above |
| PE % | 16 | 23 | 7 pts below |
STAG is trading at 26x earnings, in line with the Real Estate sector's median of 24x.
STAG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.5 | 1.5% above |
| 20 week MA | $37.6 | 1.5% below |
| 50 week MA | $37.8 | 2.2% below |
| 100 week MA | $36.7 | 0.8% above |
| 200 week MA | $36.5 | 1.3% above |
STAG's trend is mixed: it's above three of its five weekly moving averages, and 1.3% above its 200-week average.
STAG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $31.3 | $31.0 | -1.1% |
| 2021 | $31.0 | $45.5 | +47% |
| 2022 | $45.5 | $32.9 | -28% |
| 2023 | $32.9 | $39.3 | +19% |
| 2024 | $39.3 | $33.9 | -14% |
| 2025 | $33.9 | $37.2 | +10% |
| 2026 YTD | $37.2 | $37.0 | -0.7% |
STAG has finished lower in three of the last six years. It's down 0.7% so far in 2026.