STAG on NYSE

STAG Industrial, Inc.

Real estate investment trust, listed on NYSE (STAG). Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

Compare with KITE REALTY GROUP TRUST, HIGHWOODS PROPERTIES, INC. or National Retail Properties, or pick any stock.

  • TickerSTAG on NYSE1
  • IndustryReal Estate Investment Trusts1
  • HeadquartersBoston, Massachusetts1
  • Business addressOne Federal Street, 23Rd Floor, Boston, Ma 021102
  • Filer categoryLarge accelerated filer2

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“Cash Rent Change” means the percentage change in the base rent of the lease commenced during the period compared to the base rent of the Comparable Lease for assets included in the Operating Portfolio. The calculation compares the first base rent payment due after the lease commencement date compared to the base rent of the last monthly payment due prior to the termination of the lease, excluding holdover rent. Rent under gross or similar type leases are converted to a net rent based on an estimate of the applicable recoverable expenses.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

32.4%Net margin4
10.1%Revenue growth, 20254
7.6%Return on equity4
0.91×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs68¢$571.7M
  • Profit32¢$273.5M

Out of $845.2M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid61¢$284.0M
  • Kept or used elsewhere39¢$179.4M

Out of $463.4M of cash from operations.4

Financial statements

Revenue56784$845.2M in 2025+108% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $405.9M$405.9M20192020: $483.4M$483.4M2020+19%2021: $562.2M$562.2M2021+16%2022: $657.3M$657.3M2022+17%2023: $707.8M$707.8M2023+8%2024: $767.4M$767.4M2024+8%2025: $845.2M$845.2M2025+10%
Net income56784$273.5M in 2025+455% since 2019
0$100.0M$200.0M$300.0M2019: $49.3M$49.3M20192020: $202.1M$202.1M2020+310%2021: $192.3M$192.3M2021−5%2022: $178.3M$178.3M2022−7%2023: $192.8M$192.8M2023+8%2024: $189.2M$189.2M2024−2%2025: $273.5M$273.5M2025+45%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Rental income$843.0M$762.9M$705.2M
Other income$2.2M$4.5M$2.7M
Total revenue$845.2M$767.4M$707.8M
Property$171.8M$154.8M$139.6M
General and administrative$51.9M$49.2M$47.5M
Depreciation and amortization$301.8M$293.1M$278.4M
Loss on impairment$888.0K$5.0M$0
Other expenses$1.8M$2.3M$4.7M
Total expenses$528.2M$504.4M$470.2M
Interest and other income$385.0K$44.0K$68.0K
Interest expense-$132.2M-$113.2M-$94.6M
Debt extinguishment and modification expenses-$1.5M-$703.0K$0
Gain on involuntary conversion$1.9M$11.8M$0
Gain on the sales of rental property, net$93.8M$32.3M$54.1M
Total other income (expense)-$37.7M-$69.7M-$40.4M
Net income$279.3M$193.3M$197.2M
Less: income attributable to noncontrolling interest in operating partnership$5.8M$4.0M$4.4M
Net income attributable to STAG Industrial, Inc.$273.5M$189.2M$192.8M
Less: amount allocated to participating securities$169.0K$182.0K$212.0K
Net income attributable to common stockholders$273.4M$189.0M$192.6M
Weighted average common shares outstanding basic186.8M shares182.2M shares180.2M shares
Weighted average common shares outstanding diluted187.2M shares182.4M shares180.6M shares
Net income per share attributable to common stockholders basic$1$1$1
Net income per share attributable to common stockholders diluted$1$1$1

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Leadership

Who has led STAG Industrial, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Benjamin S. Butcher2011–2022
  2. William R. Crooker2023–now

Chair

  1. Benjamin S. Butcher2011–2023

President

  1. Benjamin S. Butcher2011–2021
  2. William R. Crooker2022–now

Chief financial officer

  1. Gregory W. Sullivan2011–2014
  2. Geoffrey G. Jervis2014–2016
  3. William R. Crooker2016–2021
  4. Matts Pinard2022–now

Chief operating officer

  1. Stephen C. Mecke2011–2022
201520202025
Board members and other officers (21)

Timeline

  1. Jan 13, 2023New chief executive William R. Crooker becomes CEO13
  2. Apr 8, 2011New chief executive Benjamin S. Butcher becomes CEO14

Filings

420 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 41 major events, 296 insider forms, 16 large holders, 47 other. The latest 20:

  1. Jul 28, 202610-Q EDGAR
  2. Jul 28, 20268-K EDGAR
  3. Jul 22, 20268-K EDGAR
  4. Jul 16, 20264 EDGAR
  5. Jul 16, 20264 EDGAR
  6. Jul 16, 20264 EDGAR
  7. Jul 16, 20264 EDGAR
  8. Jul 16, 20264 EDGAR
  9. Jul 16, 20264 EDGAR
  10. Jul 16, 20264 EDGAR
  11. Jul 16, 20264 EDGAR
  12. Jul 16, 20264 EDGAR
  13. Jul 16, 20264 EDGAR
  14. Apr 30, 2026SCHEDULE 13G EDGAR
  15. Apr 29, 2026SCHEDULE 13G EDGAR
  16. Apr 29, 20268-K EDGAR
  17. Apr 28, 202610-Q EDGAR
  18. Apr 28, 20268-K EDGAR
  19. Apr 17, 20264 EDGAR
  20. Apr 17, 20264 EDGAR

The 420 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

32 open-market trades by officers, directors and large owners since October 2021: 0 buys and 32 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 23, 2026Pinard MattsEVP, CFO AND TREASURERSale25,242$39.18$989.0KForm 4
Feb 23, 2026Crooker William RCEO AND PRESIDENTSale93,732$39.17$3.7MForm 4
Feb 19, 2026COLBERT VIRGISDirectorSale18,000$38.08$685.5KForm 4
Nov 5, 2025Chase MichaelEVP AND CIOSale13,144$38.75$509.3KForm 4
Sep 23, 2025Guillemette Larry TDirectorSale2,004$35.20$70.5KForm 4
Sep 5, 2025Butcher Benjamin SDirectorSale25,000$36.91$922.8KForm 4
Jun 6, 2025Butcher Benjamin SDirectorSale28,843$36.90$1.1MForm 4
Mar 5, 2025Guillemette Larry TDirectorSale6,000$36.32$217.9KForm 4
Feb 18, 2025Butcher Benjamin SDirectorSale50,000$35.10$1.8MForm 4
Sep 12, 2024Butcher Benjamin SDirectorSale50,000$39.23$2.0MForm 4
Aug 1, 2024Butcher Benjamin SDirectorSale34,000$40.78$1.4MForm 4
Jun 6, 2024Butcher Benjamin SDirectorSale30,000$34.81$1.0MForm 4
Feb 16, 2024Chase MichaelEVP AND CIOSale14,007$39.05$547.0KForm 4
Feb 16, 2024Butcher Benjamin SDirectorSale50,000$39.06$2.0MForm 4
Dec 21, 2023Paul JaclynCHIEF ACCOUNTING OFFICERSale12,900$38.57$497.6KForm 4
Dec 20, 2023Sullivan Jeffrey MEVP, GC AND SECRETARYSale19,650$38.84$763.2KForm 4
Dec 20, 2023Crooker William RCEO AND PRESIDENTSale25,000$38.84$971.0KForm 4
Dec 20, 2023Butcher Benjamin SDirectorSale25,000$38.84$971.0KForm 4
Nov 28, 2023Butcher Benjamin SDirectorSale9,626$35.97$346.2KForm 4
Nov 27, 2023Butcher Benjamin SDirectorSale30,340$36.32$1.1MForm 4

All 32 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.28,826,227$1.1B0.0%+183,438
Vanguard Portfolio Management LLC17,183,678$654.0M0.0%+345,977
Fmr LLC12,657,464$481.7M0.0%−1,587,645
State Street Corp9,180,417$352.9M0.0%+11,915
Vanguard Capital Management LLC8,653,439$329.3M0.0%+80,229
Norges Bank8,006,493$304.7M0.0%New
Nuveen, LLC4,437,132$168.9M0.0%+389,258
Geode Capital Management, LLC4,082,274$155.4M0.0%+80,878
Charles Schwab Investment Management Inc3,746,095$142.6M0.0%+126,995
Jpmorgan Chase & Co3,561,060$139.8M0.0%+779,969
Alliancebernstein L.P.3,680,503$132.7M0.0%+82,814
Earnest Partners LLC3,309,674$126.0M0.5%−98,999
Dimensional Fund Advisors LP2,979,868$113.4M0.0%−3,363
Northern Trust Corp2,689,981$102.4M0.0%+786,869
Cbre Investment Management Listed Real Assets LLC2,640,424$100.5M1.4%−530,195
Boston Trust Walden Corp2,440,479$92.9M0.7%−109,508
Goldman Sachs Group Inc2,335,358$88.9M0.0%+1,811,916
Channing Capital Management, LLC2,188,052$83.3M1.9%−62,800
Two Sigma Investments, LP1,982,841$75.5M0.1%+290,532
Raymond James Financial Inc1,980,582$75.4M0.0%+17,652
Bank of New York Mellon Corp1,545,049$58.8M0.0%−47,879
Segall Bryant & Hamill, LLC1,505,847$57.3M0.7%+258,632
Bank Of America Corp /de/1,449,914$55.2M0.0%−50,622
Woodline Partners LP1,445,532$55.0M0.2%+258,632
Morgan Stanley1,369,564$52.1M0.0%+269,109

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

9 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 17, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−6.0%Report
Apr 17, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+39.0%Report
Apr 11, 2025Jefferson ShreveRepublican, HousePartial sale$50,001 - $100,000+31.0%Report
Apr 9, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+29.7%Report
Apr 7, 2025Jefferson ShreveRepublican, HouseBuy$50,001 - $100,000−40.5%Report
Sep 15, 2022Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−82.8%Report
May 26, 2022Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+81.6%Report
Jan 15, 2021Gary C. PetersDemocratic, SenateBuy$1,001 - $15,000−88.8%Report
Dec 23, 2020Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−93.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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