Stag Industrial (STAG)
Market Price (6/22/2026): $37.81 | Market Cap: $7.2 BilSector: Real Estate | Industry: Industrial REITs
Stag Industrial (STAG)
Market Price (6/22/2026): $37.81Market Cap: $7.2 BilSector: Real EstateIndustry: Industrial REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.7%, Dividend Yield is 2.3%, FCF Yield is 5.7% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 48% Low stock price volatilityVol 12M is 20% Megatrend and thematic driversMegatrends include E-commerce Logistics & Data Centers, E-commerce & Digital Retail, and Automation & Robotics. Themes include E-commerce Logistics REITs, Show more. | Weak multi-year price returns2Y Excs Rtn is -21%, 3Y Excs Rtn is -55% | Key risksSTAG key risks include [1] its exposure to rising interest rates on a significant portion of its approximately $3.0 billion in outstanding debt. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.7%, Dividend Yield is 2.3%, FCF Yield is 5.7% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 48% |
| Low stock price volatilityVol 12M is 20% |
| Megatrend and thematic driversMegatrends include E-commerce Logistics & Data Centers, E-commerce & Digital Retail, and Automation & Robotics. Themes include E-commerce Logistics REITs, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -21%, 3Y Excs Rtn is -55% |
| Key risksSTAG key risks include [1] its exposure to rising interest rates on a significant portion of its approximately $3.0 billion in outstanding debt. |
Qualitative Assessment
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Stag Industrial (STAG) stock has lost about 5% since 2/28/2026 because of the following key factors:
1. Mixed Q1 2026 Earnings Provided Offsetting Forces.
STAG Industrial reported mixed financial results for fiscal Q1 2026 (ending March 31, 2026) on April 28, 2026, which likely contributed to the stock's sideways movement. The company achieved Core FFO per diluted share of $0.65, exceeding analyst estimates and representing a 6.6% year-over-year increase compared to Q1 2025. Revenue rose 9.0% year-over-year to $224.21 million, generally meeting or slightly exceeding expectations. However, net income declined to $63.3 million from $93.4 million in the prior year, primarily due to lower gains from property sales and increased interest expenses. Additionally, while same-store cash Net Operating Income (NOI) grew a solid 4.1% year-over-year, the portfolio's occupancy rate decreased to 95.1% at the end of the quarter from 96.4% at December 31, 2025, with management anticipating a trough in Q2 2026. These contrasting positive operational metrics and negative financial impacts created a balanced outlook for investors.
2. Attractive and Consistent Dividend Payout Supported Stability.
STAG Industrial's continued commitment to its dividend offered a floor for the stock price and appealed to income-focused investors during the period. The company declared a quarterly cash dividend of $0.3875 per share for fiscal Q2 2026, maintaining an annual dividend rate of $1.55. This translates to a dividend yield of approximately 4.06% to 4.16%. STAG has a history of increasing its dividends, with 8 consecutive years of increases, signaling financial stability. This steady return to shareholders likely reduced selling pressure and encouraged holding, contributing to the stock remaining largely at the same level.
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Stag Industrial (STAG) stock has lost about 5% since 2/28/2026 because of the following key factors:
1. Mixed Q1 2026 Earnings Provided Offsetting Forces.
STAG Industrial reported mixed financial results for fiscal Q1 2026 (ending March 31, 2026) on April 28, 2026, which likely contributed to the stock's sideways movement. The company achieved Core FFO per diluted share of $0.65, exceeding analyst estimates and representing a 6.6% year-over-year increase compared to Q1 2025. Revenue rose 9.0% year-over-year to $224.21 million, generally meeting or slightly exceeding expectations. However, net income declined to $63.3 million from $93.4 million in the prior year, primarily due to lower gains from property sales and increased interest expenses. Additionally, while same-store cash Net Operating Income (NOI) grew a solid 4.1% year-over-year, the portfolio's occupancy rate decreased to 95.1% at the end of the quarter from 96.4% at December 31, 2025, with management anticipating a trough in Q2 2026. These contrasting positive operational metrics and negative financial impacts created a balanced outlook for investors.
2. Attractive and Consistent Dividend Payout Supported Stability.
STAG Industrial's continued commitment to its dividend offered a floor for the stock price and appealed to income-focused investors during the period. The company declared a quarterly cash dividend of $0.3875 per share for fiscal Q2 2026, maintaining an annual dividend rate of $1.55. This translates to a dividend yield of approximately 4.06% to 4.16%. STAG has a history of increasing its dividends, with 8 consecutive years of increases, signaling financial stability. This steady return to shareholders likely reduced selling pressure and encouraged holding, contributing to the stock remaining largely at the same level.
3. Macroeconomic Headwinds and Divergent Industrial Market Trends Created Investor Caution.
Broader macroeconomic factors, particularly concerning interest rates and the industrial real estate market, influenced investor sentiment. Elevated Treasury yields and persistent inflation concerns led to expectations that the Federal Reserve would keep interest rates higher for longer, impacting rate-sensitive REITs. This resulted in higher interest expenses for companies like STAG. In the U.S. industrial real estate market, while the sector showed signs of recovery with slight rent growth, overall leasing activity slowed to pre-2020 levels, and vacancy rates climbed to around 7.6% due to new supply, especially for large warehouse spaces. This challenging environment, despite some positive company-specific leasing momentum, fostered a degree of caution among investors, balancing out positive company news.
4. Analyst Consensus of "Hold" and Modest Price Targets Limited Upside.
The consensus among Wall Street analysts during this period was predominantly "Hold" for STAG Industrial. Out of nine analysts, one issued a "Sell" rating, six a "Hold," and two a "Buy" rating. The average 12-month price target ranged from $40.00 to $41.30, representing a modest upside from the prevailing stock price of approximately $38-$39. This lack of strong bullish conviction, coupled with an absence of significant downside warnings, suggests that analysts generally anticipated the stock would perform in line with the broader market, reinforcing its relatively flat trajectory.
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Stock Movement Drivers
Fundamental Drivers
The -2.6% change in STAG stock from 2/28/2026 to 6/21/2026 was primarily driven by a -12.7% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6212026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.80 | 37.80 | -2.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 845 | 864 | 2.2% |
| Net Income Margin (%) | 32.4% | 28.3% | -12.7% |
| P/E Multiple | 26.6 | 29.6 | 11.0% |
| Shares Outstanding (Mil) | 188 | 191 | -1.7% |
| Cumulative Contribution | -2.6% |
Market Drivers
2/28/2026 to 6/21/2026| Return | Correlation | |
|---|---|---|
| STAG | -2.6% | |
| Market (SPY) | 9.2% | 34.3% |
| Sector (XLRE) | 0.7% | 72.1% |
Fundamental Drivers
The -2.4% change in STAG stock from 11/30/2025 to 6/21/2026 was primarily driven by a -3.4% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 6212026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.73 | 37.80 | -2.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 824 | 864 | 4.9% |
| Net Income Margin (%) | 29.3% | 28.3% | -3.4% |
| P/E Multiple | 30.0 | 29.6 | -1.4% |
| Shares Outstanding (Mil) | 187 | 191 | -2.3% |
| Cumulative Contribution | -2.4% |
Market Drivers
11/30/2025 to 6/21/2026| Return | Correlation | |
|---|---|---|
| STAG | -2.4% | |
| Market (SPY) | 9.9% | 26.5% |
| Sector (XLRE) | 7.1% | 58.5% |
Fundamental Drivers
The 10.0% change in STAG stock from 5/31/2025 to 6/21/2026 was primarily driven by a 12.6% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6212026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.37 | 37.80 | 10.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 785 | 864 | 10.0% |
| Net Income Margin (%) | 31.1% | 28.3% | -9.0% |
| P/E Multiple | 26.3 | 29.6 | 12.6% |
| Shares Outstanding (Mil) | 186 | 191 | -2.4% |
| Cumulative Contribution | 10.0% |
Market Drivers
5/31/2025 to 6/21/2026| Return | Correlation | |
|---|---|---|
| STAG | 10.0% | |
| Market (SPY) | 28.1% | 26.0% |
| Sector (XLRE) | 8.8% | 65.9% |
Fundamental Drivers
The 22.0% change in STAG stock from 5/31/2023 to 6/21/2026 was primarily driven by a 28.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6212026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.98 | 37.80 | 22.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 672 | 864 | 28.6% |
| Net Income Margin (%) | 26.0% | 28.3% | 8.5% |
| P/E Multiple | 31.7 | 29.6 | -6.8% |
| Shares Outstanding (Mil) | 179 | 191 | -6.2% |
| Cumulative Contribution | 22.0% |
Market Drivers
5/31/2023 to 6/21/2026| Return | Correlation | |
|---|---|---|
| STAG | 22.0% | |
| Market (SPY) | 85.7% | 48.4% |
| Sector (XLRE) | 34.9% | 76.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| STAG Return | 59% | -30% | 27% | -10% | 13% | 2% | 48% |
| Peers Return | 60% | -29% | 16% | -12% | 1% | 11% | 29% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 98% |
Monthly Win Rates [3] | |||||||
| STAG Win Rate | 75% | 33% | 75% | 42% | 67% | 50% | |
| Peers Win Rate | 75% | 33% | 47% | 44% | 56% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| STAG Max Drawdown | -9% | -42% | -17% | -18% | -19% | -8% | |
| Peers Max Drawdown | -10% | -38% | -24% | -20% | -30% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LINE, FR, TRNO, SMA, PLD.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)
How Low Can It Go
| Event | STAG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -14.0% | -18.8% |
| % Gain to Breakeven | 16.2% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -16.3% | -9.5% |
| % Gain to Breakeven | 19.5% | 10.5% |
| Time to Breakeven | 49 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.9% | -6.7% |
| % Gain to Breakeven | 13.5% | 7.1% |
| Time to Breakeven | 61 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.0% | -24.5% |
| % Gain to Breakeven | 69.6% | 32.4% |
| Time to Breakeven | 1285 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.9% | -33.7% |
| % Gain to Breakeven | 75.1% | 50.9% |
| Time to Breakeven | 126 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -11.5% | -19.2% |
| % Gain to Breakeven | 13.0% | 23.8% |
| Time to Breakeven | 18 days | 105 days |
In The Past
Stag Industrial's stock fell -14.0% during the 2025 US Tariff Shock. Such a loss loss requires a 16.2% gain to breakeven.
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| Event | STAG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.0% | -24.5% |
| % Gain to Breakeven | 69.6% | 32.4% |
| Time to Breakeven | 1285 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.9% | -33.7% |
| % Gain to Breakeven | 75.1% | 50.9% |
| Time to Breakeven | 126 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -29.4% | -6.8% |
| % Gain to Breakeven | 41.6% | 7.3% |
| Time to Breakeven | 85 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.7% | -17.9% |
| % Gain to Breakeven | 27.8% | 21.8% |
| Time to Breakeven | 148 days | 123 days |
In The Past
Stag Industrial's stock fell -14.0% during the 2025 US Tariff Shock. Such a loss loss requires a 16.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Stag Industrial (STAG)
STAG Industrial, Inc. is a real estate investment trust (REIT) that specializes in the acquisition and operation of industrial properties. The company's core strategy involves focusing on single-tenant industrial facilities, meaning each property in its portfolio is leased by a single business. Its extensive portfolio of industrial real estate is strategically located across the United States.
In essence, STAG Industrial provides critical industrial space for businesses, encompassing properties like warehouses, distribution centers, and light manufacturing facilities. Its primary customers are various companies and logistics providers that require dedicated, single-tenant buildings to support their operational needs. The company's market is the vast industrial real estate sector throughout the United States, serving businesses seeking to lease entire industrial properties.
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The landlord for America's industrial warehouses, similar to Amazon's fulfillment centers.
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- Leasing of Industrial Real Estate: STAG Industrial provides businesses with leased space in single-tenant industrial properties across the United States.
- Industrial Property Management: STAG Industrial manages the operations and maintenance of its portfolio of single-tenant industrial properties.
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Stag Industrial (NYSE: STAG) operates as a real estate investment trust (REIT) focused on leasing single-tenant industrial properties. Therefore, its customers are the businesses that lease these properties for purposes such as warehousing, distribution, and light manufacturing.
STAG maintains a highly diversified tenant base across various industries and geographies as a core part of its investment strategy. This diversification means that no single tenant accounts for a significant portion of its total revenue, thereby mitigating risk. For example, as of recent reports, no single tenant typically accounts for more than 1.1% of STAG's Annualized Base Rent (ABR).
While STAG does not have "major customers" in the sense of a few companies dominating its revenue, its largest tenants by Annualized Base Rent (ABR) include a variety of well-known companies. Below are some of its top tenants (customers), along with their symbols if they are public companies:
- XPO Logistics (NYSE: XPO)
- FedEx Ground Package System, Inc. (a subsidiary of FedEx Corporation, NYSE: FDX)
- Ryder Logistics, Inc. (a subsidiary of Ryder System, Inc., NYSE: R)
- Iron Mountain Information Management, LLC (a subsidiary of Iron Mountain Incorporated, NYSE: IRM)
- DHL Express (a subsidiary of Deutsche Post AG, XTRA: DPW)
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William R. Crooker, President, Chief Executive Officer, and Director
Mr. Crooker has served as STAG Industrial's Chief Executive Officer and a member of its board of directors since 2022, and as President since 2021. Previously, he held the roles of Chief Financial Officer and Treasurer from 2016 to 2022, Executive Vice President from 2016 to 2021, Chief Accounting Officer from 2011 to 2016, and Senior Vice President of Capital Markets from 2015 to 2016. Before the formation of STAG Industrial, Mr. Crooker was the Chief Accounting Officer for STAG Capital Partners, LLC, its predecessor business, from 2010 to 2011. From 2002 to 2010, he worked for KPMG LLP in its real estate practice, primarily focusing on publicly traded real estate investment trusts.
Matts S. Pinard, Executive Vice President, Chief Financial Officer and Treasurer
Mr. Pinard was appointed Executive Vice President, Chief Financial Officer, and Treasurer, effective July 1, 2022. He previously served as the Company's Senior Vice President – Capital Markets and Investor Relations since 2019 and as Vice President – Capital Markets and Investor Relations from 2015 until 2019. Mr. Pinard has been employed at STAG Industrial since 2013, holding various positions in capital markets and portfolio management prior to his current role.
Benjamin S. Butcher, Director
Mr. Butcher is the founder of STAG Industrial and served as its CEO and Chairman from 2010 until 2022, and as President from 2010 to 2021. He transitioned to Executive Chairman from July 2022 to July 2023. Prior to the company's formation and initial public offering, Mr. Butcher oversaw the growth of its predecessor business, STAG Capital Partners, LLC, STAG Capital Partners III, LLC, and their affiliates, from 2003 to 2011, which operated through five private investment vehicles before going public. He has a background in private equity investments, real estate debt and equity transactions, and commercial mortgage-backed securities, having previously worked for Credit Suisse First Boston and Nomura Asset Capital.
Michael C. Chase, Executive Vice President and Chief Investment Officer
Mr. Chase has served as Executive Vice President since July 2022, in addition to his role as Chief Investment Officer, which he has held since 2020. He served as a Senior Vice President of Acquisitions since the Company's formation and initial public offering in 2011. From 2003 to 2011, Mr. Chase was a Managing Director for STAG Capital Partners, LLC, the predecessor business of STAG Industrial.
Jeffrey M. Sullivan, Executive Vice President, General Counsel and Secretary
Mr. Sullivan serves as STAG Industrial's Executive Vice President, General Counsel, and Secretary.
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The key risks to Stag Industrial's business operations primarily stem from its specialized focus within the real estate investment trust (REIT) sector and broader economic factors. The company focuses on acquiring and operating single-tenant, industrial properties across the United States.
The most significant risks include:
- Single-Tenant Lease Rollover and Vacancy Risk: A core aspect of Stag Industrial's strategy is its portfolio of single-tenant industrial properties. This model presents a significant risk because if a single tenant defaults or chooses not to renew its lease, the specific property generates no cash flow until a new tenant is secured. This "single-tenant rollover risk is real: when a tenant leaves, cash flow can drop to zero for that building until re-leased." Such events can lead to substantial revenue loss and increased vacancy rates, especially given that lease terms eventually expire, such as a "meaningful" lease rollover in 2026.
- Economic Downturns and Interest Rate Fluctuations: Like most REITs, Stag Industrial is vulnerable to broader economic conditions. Economic downturns can lead to reduced demand for industrial space, increase the likelihood of tenant defaults, and impact rental revenues. Additionally, rising interest rates pose a threat by increasing financing costs for acquisitions and debt refinancing, which can negatively affect property valuations and overall profitability.
- Industrial Real Estate Market Dynamics and Competition: While Stag Industrial aims for diversification across industries and geographies, there are inherent risks related to the specific industrial real estate market. These include "uneven growth across markets" and the possibility that larger tenants may increasingly favor "mega facilities instead of STAG's mid sized assets." Increased industrial supply in certain markets could also lead to more competitive re-leasing spreads and potentially slower growth compared to "blue-chip peer group[s]." Changes in trade policies and tariffs could also negatively impact the businesses of STAG's tenants, particularly those reliant on imported goods, thereby affecting their ability to meet rental obligations.
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STAG Industrial (NYSE: STAG) is positioned for future revenue growth over the next 2-3 years, driven by several key factors stemming from its focus on single-tenant industrial properties across the United States.
Here are 5 expected drivers of future revenue growth for STAG Industrial:
- Positive Leasing Spreads: STAG Industrial has demonstrated and expects to continue achieving significant increases in rental rates on new and renewing leases. For instance, the company reported cash leasing spreads of 24% for the full year 2025 and 16.3% in the fourth quarter of 2025. Guidance for 2026 anticipates cash leasing spreads between 18% and 20%. These higher re-leasing rates directly translate to increased revenue per square foot.
- Strategic Acquisitions of Industrial Properties: As an acquisitive real estate investment trust, STAG Industrial consistently expands its portfolio through new property acquisitions. In 2025, the company acquired properties totaling 3.8 million square feet for $449.1 million, with $285.9 million of that occurring in the fourth quarter. For 2026, STAG has provided acquisition guidance ranging from $350 million to $650 million. These new additions to the portfolio will contribute additional rental income.
- Development Activity: STAG Industrial engages in development to add new, high-quality industrial assets to its portfolio. As of the end of Q4 2025, the company had 3.5 million square feet of development activity across 14 buildings, with 59% completed and 73% leased. The successful completion and leasing of these developments will introduce new revenue streams.
- Same-Store Net Operating Income (NOI) Growth: The company's ability to generate organic growth from its existing properties is a significant driver. STAG Industrial reported same-store cash NOI growth of 5.4% for Q4 2025 and 4.3% for the full year 2025. Looking ahead, the company's 2026 guidance projects same-store cash NOI growth between 2.75% and 3.25%. This growth reflects factors such as contractual rent escalations and effective property management within its stabilized portfolio.
- High Occupancy Rates and Tenant Retention: Maintaining high occupancy across its portfolio and retaining tenants are crucial for a stable and growing revenue base. At year-end 2025, STAG Industrial reported a total portfolio occupancy of 96.4% and an operating portfolio occupancy of 97.2%. The company expects a retention rate between 70% and 80% for 2026. High occupancy minimizes vacant space, while strong retention reduces turnover costs and helps maintain consistent rental income, providing a solid foundation for growth through re-leasing at higher market rates.
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Share Issuance
- STAG Industrial's shares outstanding increased from 0.164 billion in 2021 to 0.187 billion in 2025.
- The company's Additional Paid-in Capital increased by approximately $487 million from 2021 ($4,130 million) to 2025 ($4,617 million), indicating capital raised through share issuances.
Capital Expenditures
- STAG Industrial has averaged approximately $700 million in acquisition volume over the past five years.
- In 2025, the company acquired properties totaling 3.8 million square feet for $449.1 million, with seven buildings acquired in the fourth quarter for $285.9 million.
- For 2026, STAG Industrial has a targeted acquisition volume between $350 million and $650 million, and its development pipelines are accelerating.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.59 |
| Mkt Cap | 7.7 |
| Rev LTM | 804 |
| Op Inc LTM | 276 |
| FCF LTM | 312 |
| FCF 3Y Avg | 280 |
| CFO LTM | 469 |
| CFO 3Y Avg | 414 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.4% |
| Rev Chg 3Y Avg | 10.1% |
| Rev Chg Q | 9.5% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Inc Chg LTM | 7.5% |
| Op Inc Chg 3Y Avg | 12.6% |
| Op Mgn LTM | 38.2% |
| Op Mgn 3Y Avg | 37.4% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 55.4% |
| CFO/Rev 3Y Avg | 55.9% |
| FCF/Rev LTM | 45.6% |
| FCF/Rev 3Y Avg | 46.9% |
FDA Approved Drugs Data
Expand for More| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| ANDA215615 | METHAZOLAMIDE | methazolamide | tablet | 10182022 | 21.3% | 16.8% | 20.6% | 43.9% | 50.5% |
| ANDA212857 | DEXMEDETOMIDINE HYDROCHLORIDE | dexmedetomidine hydrochloride | injectable | 11232020 | 7.7% | 22.6% | 50.1% | 18.7% | 58.2% |
| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| ANDA215615 | METHAZOLAMIDE | methazolamide | tablet | 10182022 | 21.3% | 16.8% | 20.6% | 43.9% | 50.5% |
| ANDA212857 | DEXMEDETOMIDINE HYDROCHLORIDE | dexmedetomidine hydrochloride | injectable | 11232020 | 7.7% | 22.6% | 50.1% | 18.7% | 58.2% |
Price Behavior
| Market Price | $37.80 | |
| Market Cap ($ Bil) | 7.2 | |
| First Trading Date | 04/15/2011 | |
| Distance from 52W High | -5.2% | |
| 50 Days | 200 Days | |
| DMA Price | $38.26 | $37.36 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -1.2% | 1.2% |
| 3M | 1YR | |
| Volatility | 20.3% | 19.7% |
| Downside Capture | 44.91 | 37.20 |
| Upside Capture | 37.65 | 35.33 |
| Correlation (SPY) | 25.8% | 25.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.86 | 0.75 | 0.57 | 0.45 | 0.45 | 0.70 |
| Up Beta | 1.75 | 0.70 | 0.29 | 0.23 | 0.56 | 0.74 |
| Down Beta | 1.02 | 0.43 | 0.34 | 0.68 | 0.49 | 0.69 |
| Up Capture | 15% | 54% | 51% | 32% | 30% | 32% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 9 | 22 | 30 | 57 | 126 | 384 |
| Down Capture | 110% | 134% | 101% | 60% | 48% | 90% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 18 | 31 | 65 | 119 | 359 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STAG | |
|---|---|---|---|---|
| STAG | 8.4% | 19.7% | 0.29 | - |
| Sector ETF (XLRE) | 8.7% | 14.1% | 0.36 | 66.2% |
| Equity (SPY) | 26.5% | 12.4% | 1.61 | 25.7% |
| Gold (GLD) | 24.2% | 27.5% | 0.77 | 19.1% |
| Commodities (DBC) | 19.8% | 18.8% | 0.83 | -11.1% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | 71.8% |
| Bitcoin (BTCUSD) | -40.0% | 42.4% | -1.08 | 6.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STAG | |
|---|---|---|---|---|
| STAG | 3.6% | 23.4% | 0.11 | - |
| Sector ETF (XLRE) | 2.6% | 19.1% | 0.04 | 79.7% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 58.3% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 14.0% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 8.9% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 81.7% |
| Bitcoin (BTCUSD) | 11.0% | 54.2% | 0.40 | 22.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STAG | |
|---|---|---|---|---|
| STAG | 10.1% | 26.2% | 0.39 | - |
| Sector ETF (XLRE) | 6.7% | 20.4% | 0.28 | 81.4% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 63.4% |
| Gold (GLD) | 12.3% | 16.1% | 0.63 | 11.2% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 17.9% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 83.6% |
| Bitcoin (BTCUSD) | 60.0% | 66.8% | 1.00 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | -3.7% | -3.8% | -4.0% |
| 2/11/2026 | -5.0% | -1.8% | -3.1% |
| 10/29/2025 | 2.4% | 3.0% | 4.7% |
| 7/29/2025 | -2.3% | -1.3% | 3.8% |
| 4/29/2025 | 1.0% | 1.4% | 9.8% |
| 2/12/2025 | 0.9% | 0.3% | 1.5% |
| 10/29/2024 | 2.0% | 0.6% | 1.1% |
| 7/30/2024 | 0.4% | -3.0% | -0.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 15 |
| # Negative | 10 | 11 | 9 |
| Median Positive | 1.8% | 3.0% | 3.0% |
| Median Negative | -2.5% | -3.4% | -4.0% |
| Max Positive | 3.9% | 10.0% | 13.1% |
| Max Negative | -5.0% | -8.0% | -10.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | -3.7% | -3.8% | -4.0% |
| 2/11/2026 | -5.0% | -1.8% | -3.1% |
| 10/29/2025 | 2.4% | 3.0% | 4.7% |
| 7/29/2025 | -2.3% | -1.3% | 3.8% |
| 4/29/2025 | 1.0% | 1.4% | 9.8% |
| 2/12/2025 | 0.9% | 0.3% | 1.5% |
| 10/29/2024 | 2.0% | 0.6% | 1.1% |
| 7/30/2024 | 0.4% | -3.0% | -0.9% |
| 4/30/2024 | 1.2% | 3.1% | 0.7% |
| 2/13/2024 | 2.1% | 2.6% | -0.0% |
| 10/26/2023 | 0.4% | 10.0% | 13.1% |
| 7/26/2023 | -3.4% | -6.3% | -6.0% |
| 4/26/2023 | 2.7% | 5.9% | 2.4% |
| 2/15/2023 | -1.5% | -3.4% | -10.1% |
| 10/27/2022 | 3.9% | 2.8% | 2.9% |
| 7/27/2022 | 1.6% | 4.7% | 4.1% |
| 5/3/2022 | -0.1% | -8.0% | -8.9% |
| 2/16/2022 | -1.2% | -2.5% | 3.7% |
| 10/28/2021 | -2.7% | -5.5% | -2.6% |
| 7/27/2021 | 2.3% | 3.3% | 3.0% |
| 5/4/2021 | -3.4% | -1.8% | 2.4% |
| 2/10/2021 | 0.6% | 0.1% | 5.9% |
| 11/5/2020 | -1.4% | -3.7% | -8.2% |
| 7/28/2020 | 2.9% | 3.5% | 2.7% |
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 15 |
| # Negative | 10 | 11 | 9 |
| Median Positive | 1.8% | 3.0% | 3.0% |
| Median Negative | -2.5% | -3.4% | -4.0% |
| Max Positive | 3.9% | 10.0% | 13.1% |
| Max Negative | -5.0% | -8.0% | -10.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 02/16/2022 | 10-K |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 07/27/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 02/10/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 07/28/2020 | 10-Q |
| 03/31/2020 | 04/30/2020 | 10-Q |
| 12/31/2019 | 02/12/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
| 06/30/2019 | 07/30/2019 | 10-Q |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Dividends | 0.39 | ||||||
Prior: Q4 2025 Earnings Reported 2/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 2026 New and Renewal Leasing Addressed | 0.69 | 33.1% | Raised | Guidance: 0.52 for 2026 | |||
| 2026 2026 New and Renewal Leasing Square Footage | 12.40 Mil | 30.5% | Raised | Guidance: 9.50 Mil for 2026 | |||
| 2026 2026 Cash Rent Change | 0.2 | -8.3% | -1.8% | Lowered | Guidance: 0.22 for 2026 | ||
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Crooker, William R | CEO AND PRESIDENT | Direct | Sell | 2232026 | 39.17 | 93,732 | Form | ||
| 2 | Pinard, Matts | EVP, CFO AND TREASURER | Direct | Sell | 2232026 | 39.18 | 25,242 | 988,924 | 37,258 | Form |
| 3 | Colbert, Virgis | Direct | Sell | 2232026 | 38.08 | 18,000 | 685,477 | 160,325 | Form | |
| 4 | Chase, Michael | EVP AND CIO | Direct | Sell | 11062025 | 38.75 | 13,144 | 509,304 | 365,084 | Form |
| 5 | Guillemette, Larry T | Direct | Sell | 9242025 | 35.20 | 2,004 | 70,541 | 1,361,043 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Crooker, William R | CEO AND PRESIDENT | Direct | Sell | 2232026 | 39.17 | 93,732 | Form | ||
| 2 | Pinard, Matts | EVP, CFO AND TREASURER | Direct | Sell | 2232026 | 39.18 | 25,242 | 988,924 | 37,258 | Form |
| 3 | Colbert, Virgis | Direct | Sell | 2232026 | 38.08 | 18,000 | 685,477 | 160,325 | Form | |
| 4 | Chase, Michael | EVP AND CIO | Direct | Sell | 11062025 | 38.75 | 13,144 | 509,304 | 365,084 | Form |
| 5 | Guillemette, Larry T | Direct | Sell | 9242025 | 35.20 | 2,004 | 70,541 | 1,361,043 | Form | |
| 6 | Butcher, Benjamin S | Direct | Sell | 9052025 | 36.91 | 25,000 | 922,705 | 279,100 | Form | |
| 7 | Butcher, Benjamin S | Direct | Sell | 6102025 | 36.90 | 28,843 | 1,064,327 | 262,548 | Form |
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Industrial REITs Resources |
| NAIOP |
| Industrial Property Journal |
| Commercial Property Executive - Industrial |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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