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STAG Industrial (STAG)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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STAG Industrial Balance Sheet 2025-2011 | STAG
Brief overview of STAG Industrial's financial position
The balance sheet is assessed across five available annual reports spanning 2021 to 2025.
The balance sheet expanded from $5.8 billion to $7.2 billion. Growth of +23.6% and CAGR of 5.4% look measured and sustainable.
Funding shifted toward liabilities: they gained +45%, compared with +23.6% for assets.
Shareholders' equity accounts for 49.9% of assets, previously 58.2%. Dependence on liabilities is moderate.
Net debt reached $3.2 billion, equal to 0.9x of equity. The debt profile is moderately stretched.
The cash reserve occupies 0.2% of the balance sheet, previously 0.3%. It is one marker of short-term resilience.
Retained earnings remain negative at -$1 billion. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.
Overall assessment
STAG Industrial's balance sheet profile is moderate. It should be considered alongside profitability, cash flow and liability maturities.
Annual Balance Sheet STAG Industrial
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
3.24 B | 2.99 B | 2.6 B | 2.47 B | 2.2 B | 1.58 B | 1.64 B | 1.32 B | 1.15 B | 1.02 B | 975 M | 662 M | 549 M | 460 M | 280 M |
Long Term Debt |
3.25 B | 3.03 B | 2.62 B | 2.5 B | 2.22 B | 1.6 B | 1.5 B | 1.23 B | 903 M | 1.01 B | 931 M | 555 M | 476 M | 380 M | 297 M |
Total Non Current Liabilities |
- | - | - | - | - | - | 1.58 B | 1.27 B | 944 M | 1.05 B | 961 M | 578 M | 491 M | 393 M | 302 M |
Total Liabilities |
3.54 B | 3.3 B | 2.84 B | 2.73 B | 2.44 B | 1.92 B | 1.8 B | 1.43 B | 1.27 B | 1.12 B | 1.05 B | 738 M | 596 M | 516 M | 315 M |
Retained Earnings |
-1.03 B | -1.03 B | -949 M | -876 M | -792 M | -742 M | -723 M | -585 M | -517 M | -411 M | -335 M | -203 M | -117 M | -61 M | -18.4 M |
Total Assets |
7.21 B | 6.83 B | 6.28 B | 6.18 B | 5.83 B | 4.69 B | 4.16 B | 3.1 B | 2.68 B | 2.19 B | 1.91 B | 1.63 B | 1.27 B | 1.01 B | 625 M |
Cash and Cash Equivalents |
14.9 M | 36.3 M | 20.7 M | 25.9 M | 19 M | 15.7 M | 9.04 M | 7.97 M | 24.6 M | 12.2 M | 12 M | 23.9 M | 6.69 M | 19 M | 16.5 M |
Book Value |
3.67 B | 3.53 B | 3.45 B | 3.46 B | 3.39 B | 2.77 B | 2.36 B | 1.67 B | 1.41 B | 1.07 B | 855 M | 892 M | 675 M | 489 M | 310 M |
Total Shareholders Equity |
3.6 B | 3.46 B | 3.37 B | 3.38 B | 3.39 B | 2.77 B | 2.31 B | 1.61 B | 1.36 B | 1.03 B | 820 M | 864 M | 603 M | 428 M | 231 M |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Balance Sheet STAG Industrial
| 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
3.2 B | 3.27 B | 3.1 B | 3.04 B | 3.03 B | 3.03 B | 2.93 B | 2.8 B | 2.66 B | 2.62 B | 2.55 B | 2.44 B | 2.46 B | 2.5 B | 2.46 B | - | 2.31 B | 2.22 B | 1.97 B | 1.88 B | 1.83 B | 1.7 B | 1.7 B | 1.7 B | 1.7 B | 1.65 B | 1.65 B | 1.65 B | 1.65 B | 1.33 B | 1.33 B | 1.33 B | 1.33 B | 1.17 B | 1.17 B | 1.17 B | 1.17 B | 1.04 B | 1.04 B | 1.04 B | 1.04 B | 980 M | 980 M | 980 M | 986 M | 686 M | 686 M | 686 M | 686 M | 556 M | 497 M | 453 M | 556 M | 479 M | 479 M | 479 M | 479 M | 297 M | 297 M | - | - |
Total Liabilities |
3.52 B | 3.54 B | 3.4 B | 3.3 B | 3.3 B | 3.3 B | 3.2 B | 3.03 B | 2.87 B | 2.84 B | 2.78 B | 2.66 B | 2.69 B | 2.73 B | 2.7 B | - | 2.51 B | 2.44 B | 2.2 B | 2.09 B | 2.03 B | 1.92 B | 1.92 B | 1.92 B | 1.92 B | 1.8 B | 1.8 B | 1.8 B | 1.8 B | 1.43 B | 1.43 B | 1.43 B | 1.43 B | 1.27 B | 1.27 B | 1.27 B | 1.27 B | 1.12 B | 1.12 B | 1.12 B | 1.12 B | 1.04 B | 1.04 B | 1.04 B | 1.05 B | 738 M | 738 M | 738 M | 738 M | 596 M | 596 M | 596 M | 596 M | 516 M | 516 M | 516 M | 516 M | 315 M | 315 M | 315 M | 315 M |
Retained Earnings |
-1.05 B | -1.03 B | -1.05 B | -1.03 B | -1.01 B | -1.03 B | -1.01 B | -987 M | -980 M | -949 M | -924 M | -907 M | -893 M | -876 M | -841 M | - | -805 M | -792 M | -815 M | -804 M | -779 M | -742 M | -742 M | -742 M | -742 M | -723 M | -723 M | -723 M | -723 M | -585 M | -585 M | -585 M | -585 M | -517 M | -517 M | -517 M | -517 M | -411 M | -411 M | -411 M | -411 M | -332 M | -335 M | -335 M | -335 M | -203 M | -203 M | -203 M | -203 M | -117 M | -117 M | -117 M | -117 M | -61 M | -61 M | -61 M | -61 M | -18.4 M | -18.4 M | -18.4 M | -18.4 M |
Total Assets |
7.18 B | 7.21 B | 6.9 B | 6.83 B | 6.85 B | 6.83 B | 6.57 B | 6.44 B | 6.29 B | 6.28 B | 6.28 B | 6.11 B | 6.12 B | 6.18 B | 6.2 B | - | 5.98 B | 5.83 B | 5.22 B | 4.81 B | 4.73 B | 4.69 B | 4.69 B | 4.69 B | 4.69 B | 4.16 B | 4.16 B | 4.16 B | 4.16 B | 3.1 B | 3.1 B | 3.1 B | 3.1 B | 2.68 B | 2.68 B | 2.68 B | 2.68 B | 2.19 B | 2.19 B | 2.19 B | 2.19 B | 1.9 B | 1.9 B | 1.9 B | 1.91 B | 1.62 B | 1.63 B | 1.63 B | 1.63 B | 1.27 B | 1.27 B | 1.27 B | 1.27 B | 1.01 B | 1.01 B | 1.01 B | 1.01 B | 625 M | 625 M | 625 M | 625 M |
Cash and Cash Equivalents |
8.86 M | 14.9 M | 17.3 M | 15.4 M | 9.33 M | 36.3 M | 70 M | 33.3 M | 12.4 M | 20.7 M | 10.9 M | 13.5 M | 17.2 M | 25.9 M | 13.4 M | - | 34.8 M | 19 M | 42 M | 14.6 M | 18.6 M | 15.7 M | 15.7 M | 15.7 M | 15.7 M | 9.04 M | 9.04 M | 9.04 M | 9.04 M | 7.97 M | 7.97 M | 7.97 M | 7.97 M | 24.6 M | 24.6 M | 24.6 M | 24.6 M | 12.2 M | 12.2 M | 12.2 M | 12.2 M | 12 M | 12 M | 12 M | 12 M | 23.9 M | 23.9 M | 23.9 M | 23.9 M | 6.69 M | 6.69 M | 6.69 M | 6.69 M | 19 M | 19 M | 19 M | 19 M | 16.5 M | 16.5 M | 16.5 M | 16.5 M |
Book Value |
3.66 B | 3.67 B | 3.5 B | 3.52 B | 3.54 B | 3.53 B | 3.36 B | 3.42 B | 3.42 B | 3.45 B | 3.5 B | 3.44 B | 3.43 B | 3.46 B | 3.5 B | - | 3.47 B | 3.39 B | 3.02 B | 2.72 B | 2.7 B | 2.77 B | 2.77 B | 2.77 B | 2.77 B | 2.36 B | 2.36 B | 2.36 B | 2.36 B | 1.67 B | 1.67 B | 1.67 B | 1.67 B | 1.41 B | 1.41 B | 1.41 B | 1.41 B | 1.07 B | 1.07 B | 1.07 B | 1.07 B | 858 M | 855 M | 855 M | 855 M | 886 M | 892 M | 892 M | 892 M | 675 M | 675 M | 675 M | 675 M | 489 M | 489 M | 489 M | 489 M | 310 M | 310 M | 310 M | 310 M |
Total Shareholders Equity |
3.59 B | 3.6 B | 3.43 B | 3.44 B | 3.54 B | 3.46 B | 3.3 B | 3.42 B | 3.42 B | 3.37 B | 3.5 B | 3.44 B | 3.43 B | 3.38 B | 3.5 B | 3.46 B | 3.47 B | 3.33 B | 3.02 B | 2.66 B | 2.64 B | 2.72 B | 2.72 B | 2.72 B | 2.72 B | 2.31 B | 2.31 B | 2.31 B | 2.31 B | 1.61 B | 1.61 B | 1.61 B | 1.61 B | 1.36 B | 1.36 B | 1.36 B | 1.36 B | 1.03 B | 1.03 B | 1.03 B | 1.03 B | 822 M | 820 M | 820 M | 820 M | 864 M | 864 M | 864 M | 864 M | 603 M | 603 M | 603 M | 603 M | 428 M | 428 M | 428 M | 428 M | 231 M | 231 M | 231 M | 231 M |
Quarterly performance
Select metrics to display
All numbers in USD currency
Balance Sheet is a fundamental financial report of STAG Industrial, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Reit industrial
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|---|---|---|---|---|---|
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Duke Realty Corporation
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|
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Rexford Industrial Realty
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|
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|
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Terreno Realty Corporation
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Gladstone Land Corporation
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Monmouth Real Estate Investment Corporation
MNR
|
$ 10.67 | -0.84 % | $ 1.05 B | USA |
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Prologis
PLD
|
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