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STAG Industrial

NYSE:STAG.PRC
Snowflake Description

Average dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STAG.PRC
NYSE
$4B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

STAG Industrial, Inc. (the “Company”) is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The last earnings update was 26 days ago. More info.


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STAG.PRC Share Price and Events
7 Day Returns
0.4%
NYSE:STAG.PRC
0.1%
US REITs
-1.4%
US Market
1 Year Returns
4.8%
NYSE:STAG.PRC
13.9%
US REITs
1.6%
US Market
STAG.PRC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
STAG Industrial (STAG.PRC) 0.4% 0.4% -0.1% 4.8% 0.2% -
US REITs 0.1% 2.1% 3.4% 13.9% 11.4% 25.6%
US Market -1.4% -3.9% 0.2% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • STAG.PRC underperformed the REITs industry which returned 13.9% over the past year.
  • STAG.PRC outperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
STAG.PRC
Industry
5yr Volatility vs Market

Value

 Is STAG Industrial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of STAG Industrial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for STAG Industrial.

NYSE:STAG.PRC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:STAG.PRC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (35.95%))
0.785
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:STAG.PRC using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for STAG Industrial is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

STAG Industrial is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:STAG.PRC DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 223.81 Analyst x8 208.20
2020 253.29 Analyst x8 219.19
2021 283.49 Analyst x6 228.21
2022 295.16 Analyst x1 221.03
2023 322.71 Analyst x1 224.81
2024 342.57 Est @ 6.16% 222.00
2025 360.14 Est @ 5.13% 217.10
2026 376.02 Est @ 4.41% 210.86
2027 390.70 Est @ 3.9% 203.82
2028 404.58 Est @ 3.55% 196.34
Present value of next 10 years cash flows $2,151.55
NYSE:STAG.PRC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $404.58 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$8,716.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,716.96 ÷ (1 + 7.5%)10
$4,230.20
NYSE:STAG.PRC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,151.55 + $4,230.20
$6,381.76
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,381.76 / 127.87
$44.53
NYSE:STAG.PRC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NYSE:STAG.PRC represents 0.89218x of NYSE:STAG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89218x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 44.53 x 0.89218
$39.73
Value per share (USD) From above. $39.73
Current discount Discount to share price of $26.51
= -1 x ($26.51 - $39.73) / $39.73
33.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price STAG Industrial is available for.
Intrinsic value
33%
Share price is $26.51 vs Future cash flow value of $39.73
Current Discount Checks
For STAG Industrial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • STAG Industrial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • STAG Industrial's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for STAG Industrial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are STAG Industrial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:STAG.PRC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.62
NYSE:STAG Share Price ** NYSE (2019-05-24) in USD $29.71
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.61x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of STAG Industrial.

NYSE:STAG.PRC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:STAG Share Price ÷ EPS (both in USD)

= 29.71 ÷ 0.62

48.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • STAG Industrial is overvalued based on earnings compared to the US REITs industry average.
  • STAG Industrial is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does STAG Industrial's expected growth come at a high price?
Raw Data
NYSE:STAG.PRC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 48.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-4.3%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:STAG.PRC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 48.16x ÷ -4.3%

-11.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • STAG Industrial earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on STAG Industrial's assets?
Raw Data
NYSE:STAG.PRC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $13.92
NYSE:STAG Share Price * NYSE (2019-05-24) in USD $29.71
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NYSE:STAG.PRC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:STAG Share Price ÷ Book Value per Share (both in USD)

= 29.71 ÷ 13.92

2.14x

* Primary Listing of STAG Industrial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • STAG Industrial is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess STAG Industrial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. STAG Industrial has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is STAG Industrial expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is STAG Industrial expected to grow at an attractive rate?
  • STAG Industrial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • STAG Industrial's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • STAG Industrial's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:STAG.PRC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:STAG.PRC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -4.3%
NYSE:STAG.PRC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 12.6%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:STAG.PRC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:STAG.PRC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 662 33 1
2022-12-31 594 34 1
2021-12-31 520 50 4
2020-12-31 448 47 6
2019-12-31 401 41 6
NYSE:STAG.PRC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 363 203 67
2018-12-31 351 198 82
2018-09-30 339 191 44
2018-06-30 328 184 56
2018-03-31 315 173 45
2017-12-31 301 162 21
2017-09-30 286 158 44
2017-06-30 271 150 21
2017-03-31 259 142 9
2016-12-31 250 136 20
2016-09-30 243 130 -28
2016-06-30 236 130 -31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • STAG Industrial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • STAG Industrial's revenue is expected to grow by 12.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:STAG.PRC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from STAG Industrial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:STAG.PRC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.19 0.19 0.19 1.00
2022-12-31 0.21 0.21 0.21 1.00
2021-12-31 0.41 0.62 0.23 3.00
2020-12-31 0.35 0.53 0.24 5.00
2019-12-31 0.31 0.38 0.26 5.00
NYSE:STAG.PRC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.62
2018-12-31 0.80
2018-09-30 0.45
2018-06-30 0.58
2018-03-31 0.48
2017-12-31 0.24
2017-09-30 0.51
2017-06-30 0.27
2017-03-31 0.12
2016-12-31 0.29
2016-09-30 -0.41
2016-06-30 -0.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if STAG Industrial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess STAG Industrial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
STAG Industrial has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has STAG Industrial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare STAG Industrial's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • STAG Industrial has delivered over 20% year on year earnings growth in the past 5 years.
  • STAG Industrial's 1-year earnings growth is less than its 5-year average (47.3% vs 62.9%)
  • STAG Industrial's earnings growth has exceeded the US REITs industry average in the past year (47.3% vs 16%).
Earnings and Revenue History
STAG Industrial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from STAG Industrial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:STAG.PRC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 363.41 66.52 34.52
2018-12-31 350.99 82.39 34.05
2018-09-30 338.97 44.34 33.90
2018-06-30 328.17 55.56 33.37
2018-03-31 314.89 45.17 33.33
2017-12-31 301.09 21.13 33.35
2017-09-30 286.35 43.50 32.11
2017-06-30 270.80 21.24 31.34
2017-03-31 258.85 9.04 29.65
2016-12-31 250.24 20.24 30.30
2016-09-30 242.60 -28.06 30.57
2016-06-30 235.92 -31.42 29.40
2016-03-31 228.52 -25.74 30.64
2015-12-31 218.63 -38.62 28.75
2015-09-30 209.78 -24.02 27.49
2015-06-30 196.22 -19.43 26.76
2015-03-31 185.06 -16.85 27.55
2014-12-31 173.82 -14.89 22.50
2014-09-30 161.20 -11.99 23.94
2014-06-30 153.49 -11.64 22.64
2014-03-31 143.65 -9.54 18.84
2013-12-31 133.89 -9.03 17.87
2013-09-30 122.68 -11.33 17.97
2013-06-30 109.14 -10.66 17.23
2013-03-31 96.50 -10.44 16.06
2012-12-31 84.05 -10.43 14.62
2012-09-30 73.46 -8.71 13.81
2012-06-30 67.57 -8.77 12.61

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • STAG Industrial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • STAG Industrial used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • STAG Industrial has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess STAG Industrial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
STAG Industrial has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is STAG Industrial's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up STAG Industrial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • STAG Industrial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • STAG Industrial's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of STAG Industrial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from STAG Industrial Company Filings, last reported 1 month ago.

NYSE:STAG.PRC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,774.84 1,365.68 13.07
2018-12-31 1,669.63 1,329.92 17.12
2018-09-30 1,560.80 1,320.47 23.67
2018-06-30 1,559.63 1,168.46 27.53
2018-03-31 1,405.00 1,195.58 23.03
2017-12-31 1,410.31 1,175.00 30.64
2017-09-30 1,344.72 1,150.80 13.31
2017-06-30 1,292.13 1,124.65 9.38
2017-03-31 1,103.97 1,069.24 9.46
2016-12-31 1,066.93 1,038.58 13.66
2016-09-30 933.94 1,040.75 12.27
2016-06-30 860.40 975.49 8.01
2016-03-31 903.51 933.62 15.47
2015-12-31 857.86 984.01 13.88
2015-09-30 894.94 867.27 12.50
2015-06-30 929.74 766.02 13.43
2015-03-31 894.05 751.17 11.80
2014-12-31 891.52 687.22 24.84
2014-09-30 774.11 678.42 7.48
2014-06-30 749.90 559.24 7.11
2014-03-31 731.03 546.56 31.67
2013-12-31 674.56 556.09 10.61
2013-09-30 670.07 496.82 26.19
2013-06-30 651.81 452.90 22.95
2013-03-31 586.08 424.31 11.98
2012-12-31 489.46 479.70 19.01
2012-09-30 499.01 274.47 10.68
2012-06-30 392.37 292.31 5.11
  • STAG Industrial's level of debt (76.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (74.8% vs 76.9% today).
  • Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess STAG Industrial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. STAG Industrial has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is STAG Industrial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.81%
Current annual income from STAG Industrial dividends. Estimated to be 5.08% next year.
If you bought $2,000 of STAG Industrial shares you are expected to receive $96 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • STAG Industrial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • STAG Industrial's dividend is above the markets top 25% of dividend payers in United States of America (3.75%).
Upcoming dividend payment

Purchase STAG Industrial before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:STAG.PRC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:STAG.PRC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.76 2.00
2022-12-31 1.67 2.00
2021-12-31 1.56 5.00
2020-12-31 1.47 11.00
2019-12-31 1.44 10.00
NYSE:STAG.PRC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-09 1.430 4.894
2019-01-10 1.430 5.095
2018-10-10 1.420 5.478
2018-07-12 1.420 5.121
2018-04-10 1.420 5.481
2017-11-02 1.420 5.564
2017-08-01 1.410 5.075
2017-05-02 1.410 5.194
2016-11-03 1.400 5.784
2016-08-02 1.390 5.825
2015-10-28 1.390 7.024
2015-10-27 1.390 6.831
2015-07-23 1.350 7.272
2014-10-30 1.350 5.812
2014-07-30 1.320 5.872
2014-05-05 1.320 5.512
2014-02-25 1.260 5.340
2013-12-19 1.260 5.905
2013-10-02 1.200 5.743
2013-08-12 1.200 5.934
2013-05-06 1.200 5.641
2013-03-04 1.200 5.525
2012-11-02 1.080 5.746
2012-08-03 1.080 6.738
2012-05-21 1.080 7.566
2012-03-07 1.040 7.563
2011-12-15 1.040 8.676
2011-09-15 1.040 9.789
2011-05-03 1.040 8.847

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, STAG Industrial has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but STAG Industrial only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of STAG Industrial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (191.9x coverage).
X
Income/ dividend checks
We assess STAG Industrial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can STAG Industrial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. STAG Industrial has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of STAG Industrial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ben Butcher
COMPENSATION $4,350,210
AGE 65
TENURE AS CEO 8.8 years
CEO Bio

Mr. Benjamin S. Butcher, also known as Ben, has been the Chief Executive Officer, President and Chairman of the Board of STAG Industrial, Inc. since July 2010 and is a Founder. Mr. Butcher served as Principal Financial Officer of STAG Industrial, Inc since April 2014. Prior to STAG industrial, Inc., he served as the Chairman, Chief Executive Officer and President of STAG Capital Partners, LLC from 2003 to 2011. He had overseen growth of STAG Capital Partners LLC and its affiliates over the last seven years, serving as a Member of their Board of Managers from 2003 to 2011. From 1999 to 2003, Mr. Butcher was engaged as a Private Equity Investor in real estate and technology. From 1997 to 1998, he served as a Director at Credit Suisse First Boston, where he sourced and executed transactions for the Principal Transactions Group (real estate debt and equity). Mr. Butcher has been an Independent Trustee at Washington Real Estate Investment Trust, an owner of office, multi-family and retail properties in the greater Washington, D.C. metropolitan area, since July 1, 2014. He has been Director of STAG Industrial, Inc. since 2010. From 1993 to 1997, He served as a Director at Nomura Asset Capital, where he focused on marketing and business development for its commercial mortgage-backed securities group. He holds a Master of Business Administration degree from the Tuck School of Business at Dartmouth and a Bachelor of Arts degree from Bowdoin College.

CEO Compensation
  • Ben's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ben's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the STAG Industrial management team in years:

3.9
Average Tenure
49
Average Age
  • The tenure for the STAG Industrial management team is about average.
Management Team

Ben Butcher

TITLE
Chairman
COMPENSATION
$4M
AGE
65
TENURE
8.8 yrs

Bill Crooker

TITLE
CFO, Executive VP & Treasurer
COMPENSATION
$2M
AGE
38
TENURE
3.3 yrs

Stephen Mecke

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
56
TENURE
8.3 yrs

Jeffrey Sullivan

TITLE
Executive VP
COMPENSATION
$1M
AGE
49
TENURE
4.3 yrs

David King

TITLE
Executive VP & Director of Real Estate Operations
COMPENSATION
$1M
AGE
50
TENURE
8.1 yrs

Brad Sweeney

TITLE
Senior Vice President of Acquisitions
AGE
47

Mike Chase

TITLE
Senior Vice President of Acquisitions
AGE
45

David Barker

TITLE
Senior VP & Regional Director of East
TENURE
3.5 yrs

Andrew LeStage

TITLE
Senior VP & Regional Director of West
TENURE
3.5 yrs

Alan Simmons

TITLE
Senior VP & Assistant General Counsel
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the STAG Industrial board of directors in years:

8.1
Average Tenure
58
Average Age
  • The tenure for the STAG Industrial board of directors is about average.
Board of Directors

Ben Butcher

TITLE
Chairman
COMPENSATION
$4M
AGE
65
TENURE
8.8 yrs

Jeff Furber

TITLE
Independent Director
COMPENSATION
$150K
AGE
59
TENURE
8.1 yrs

Hans Weger

TITLE
Independent Director
COMPENSATION
$155K
AGE
54
TENURE
8.1 yrs

Chris Marr

TITLE
Independent Director
COMPENSATION
$147K
AGE
53
TENURE
6.8 yrs

Larry Guillemette

TITLE
Lead Independent Director
COMPENSATION
$155K
AGE
62

Francis Jacoby

TITLE
Independent Director
COMPENSATION
$140K
AGE
57
TENURE
8.1 yrs

Virgis Colbert

TITLE
Independent Director
COMPENSATION
$140K
AGE
78
TENURE
5.3 yrs

Michelle Dilley

TITLE
Independent Director
COMPENSATION
$130K
AGE
46
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess STAG Industrial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. STAG Industrial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

STAG Industrial, Inc. (the “Company”) is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended. The Company is structured as an umbrella partnership REIT, commonly called an UPREIT, and owns substantially all of its assets and conducts substantially all of its business through its operating partnership, STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”). As of March 31, 2019 and December 31, 2018, the Company owned a 96.7% and 96.5%, respectively, common equity interest in the Operating Partnership. The Company, through its wholly owned subsidiary, is the sole general partner of the Operating Partnership. As used herein, the “Company” refers to STAG Industrial, Inc. and its consolidated subsidiaries and partnerships, including the Operating Partnership, except where context otherwise requires. As of March 31, 2019, the Company owned 395 buildings in 38 states with approximately 78.2 million rentable square feet, consisting of 328 warehouse/distribution buildings, 58 light manufacturing buildings, and nine flex/office buildings. The Company’s buildings were approximately 95.2% leased to 359 tenants as of March 31, 2019.

Details
Name: STAG Industrial, Inc.
STAG.PRC
Exchange: NYSE
Founded: 2010
$3,798,982,048
$3,733,134,705
127,868,800
Website: http://www.stagindustrial.com
Address: STAG Industrial, Inc.
One Federal Street,
23rd Floor,
Boston,
Massachusetts, 02110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE STAG Common Stock New York Stock Exchange US USD 15. Apr 2011
DB SW6 Common Stock Deutsche Boerse AG DE EUR 15. Apr 2011
LSE 0L98 Common Stock London Stock Exchange GB USD 15. Apr 2011
BMV STAG * Common Stock Bolsa Mexicana de Valores MX MXN 15. Apr 2011
NYSE STAG.PRC RED PFD SER C New York Stock Exchange US USD 11. Mar 2016
Number of employees
Current staff
Staff numbers
73
STAG Industrial employees.
Industry
Industrial REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 00:47
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.