Stag Industrial Inc. Common Stock (STAG)

FairStock Score: 62/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at STAG as a steady industrial landlord: 606 buildings, 41 states, 122.6 million rentable square feet, managed by only 93 employees. The portfolio has scale, but I do not see a wide moat; industrial real estate is competitive and tenants can shop around. It owns warehouses and distribution sites, not trophy assets; pricing power depends on location and tenant demand. The filed numbers show revenue rising from $707.8M in FY2023 to $845.2M in FY2025, though net income was lumpy—$192.8M in FY2023, $189.2M in FY2024, and $273.5M in FY2025. For a REIT, FFO/AFFO are the right measures, but they are not in this data set, so I lean on dividend yield, leverage, revenue trend, and price-to-book. At the 2026-10-13 close of $36.36, the FairStock-calculated P/B is 1.93, dividend yield 4.12%, P/E 27.97, PEG 4.81, EV/EBITDA 14.68, and FCF yield 5.3%. The balance sheet gives me pause: D/E 0.94, Altman Z-Score 0.93, Piotroski 4/9, ROE 6.98%, ROCE 2.89%. The Lynch category is SLOW GROWER, with profit growth of 6.2% a year over five years. This is not a bargain by Graham’s standards, and without FFO/AFFO I cannot fully judge the dividend’s safety. I would call it a fair-to-full price for a slow-growing, leveraged but decently positioned industrial REIT.

In plain English: STAG Industrial owns and rents out industrial buildings across the United States, such as warehouses and distribution sites. The business is steady and pays a sizable dividend, but profit growth has been slow and the company uses a fair amount of debt. Based on the available numbers, the shares look more fairly valued than clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer