REIT boardRanked among REITs, not on the main board. A REIT's earnings are dominated by depreciation on assets that typically appreciate, so net margin and return on assets understate it against an operating company.
AI-extracted from the 10-Q filed 2026-10-27 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
STAG's Q3 2026 revenue rose 9.4% YoY to $231.0M, driven by rental income growth, with net income up 45.3% to $72.2M on a $24.2M property sale gain.
Biggest Revenue Drivers
Same store rental income$205.5M+3.5% YoY
Driven by execution of new leases and lease renewals with existing tenants of approximately $8.1M, partially offset by base rent reduction from tenant vacancies of approximately $4.1M.
Biggest Revenue Drivers
Total revenue: $231.0M+9.4% YoY
Same store rental income$205.5M+3.5% YoY
Driven by execution of new leases and lease renewals with existing tenants of approximately $8.1M, partially offset by base rent reduction from tenant vacancies of approximately $4.1M.
Largest Expense Items
Property expenses$46.2M+9.6% YoY
Same store property expenses rose on real estate tax (+$1.5M), repairs and maintenance (+$0.9M), utilities (+$0.2M) and other (+$0.6M), offset by insurance (-$0.4M).
Depreciation and amortization$80.5M+6.0% YoY
Increase in depreciable asset base from net acquisitions and completed development projects placed into service after September 30, 2025.
General and administrative$14.8M+21.8% YoY
Primarily due to increases in compensation and other payroll costs.
Margins: Same store NOI grew 2.5% to $164.1M, while total portfolio NOI rose 9.4% to $184.8M. The filing attributes the increase to acquisitions and lease execution, with higher real estate tax expense partially offsetting gains.
Watch Items from the Filing
Chicago, IL represents 8.7% of total annualized base rental revenue, the largest market concentration; top 20 markets total 60.6%.
Amazon accounts for 2.6% of annualized base rent across 7 leases; air freight & logistics industry is 11.5% of annualized base rent.
Interest expense rose 23.5% to $39.1M in the quarter, reflecting higher average unsecured credit facility balance; $1,488.0M of variable rate debt, of which $463.0M unhedged.
Leases comprising 7.6% of annualized base rent expire between October 2026 and September 2027; the company expects re-leasing at higher rates.
New leases signed in Q3 achieved 31.1% cash rent change and 40.1% straight-line rent change on 1.0M sq ft of Operating Portfolio space.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Weger Hans SReporting ownerGrant or award · Oct 15, 2026
Jacoby Francis X IIIReporting ownerGrant or award · Oct 15, 2026
Congress trading in STAG
8 transactions in STAG reported by 4 members of Congress under the STOCK Act, most recent trade Sep 17, 2026. Reported transactions, not recommendations.
About STAG Industrial, Inc. (STAG): stock profile, AI score and financials
STAG Industrial, Inc. (STAG) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores STAG at 66.0/100 on a composite quality score built from its SEC filings, placing it at rank #27 of 148 stocks — the top 25% of the AI-ranked universe. Based on the latest XBRL financial filings (Q3 2026), STAG Industrial, Inc. reports quarterly revenue of $231.0M, net income of $70.7M, free cash flow of $146.5M. Top institutional holders of STAG by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, FMR, based on the most recent SEC filings. STAG trades on the NYSE exchange and files with the SEC under CIK 1479094. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate STAG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for STAG Industrial, Inc. directly from SEC EDGAR.