What is the 13F Pro Quality Score for STAG?

13F Pro ranks STAG Industrial, Inc. (STAG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View STAG's current score at https://13fpro.ai/company/STAG (free sign-up required for the full ranking).

Which hedge funds own the most STAG stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of STAG include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/STAG as soon as new 13F filings post.

Where does 13F Pro source STAG data?

All STAG Industrial, Inc. fundamentals and ownership data come directly from SEC EDGAR. STAG Industrial, Inc. files with the SEC under CIK 1479094. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is STAG in?

STAG Industrial, Inc. (STAG) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

What drives STAG's revenue?

Per STAG Industrial, Inc.'s latest 10-Q filed with the SEC on 2026-07-28, the biggest revenue drivers are: Same Store Portfolio ($204.5M, +3.4% YoY); Lease income ($166.0M, +2.7% YoY); Other billings ($38.4M, +6.7% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/STAG.

What are STAG's largest expenses?

STAG Industrial, Inc.'s latest 10-Q reports these as the largest expense items: Depreciation and amortization ($82.2M, +10.4% YoY); Property expenses ($45.0M, +11.4% YoY); Interest expense ($37.5M, +11.5% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is STAG research updated on 13F Pro?

STAG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

STAG Industrial, Inc.(STAG)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Real Estate →NYSEmid

Institutional-grade research for retail investors

SEC EDGAR: CIK 1479094 STAG stock profile & AI dashboard →

Email me the moment this company reports earnings

AI Research Report

Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

Upgrade to Pro

Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.

Why STAG Scores 68/100

exact factor attribution · 2026-08-29

STAG's composite is driven by free cash flow and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+6.2 pts

91th pct

Profitability

+4.7 pts

81th pct

Revenue growth

+3.4 pts

67th pct

Institutional flow

+1.2 pts

73th pct

Capital efficiency

+1.1 pts

61th pct

Earnings quality

+0.9 pts

59th pct

▲2

Earnings growth

+0.8 pts

66th pct

Scale

+0.1 pts

51th pct

Shareholder dilution

-0.2 pts

46th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

STAG Stock Analysis & AI Quality Score

Data updated 2026-08-29

AI stock analysis and institutional research for STAG Industrial, Inc. (STAG), a Real Estate sector company. 13F Pro tracks STAG using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q1 2026), STAG Industrial, Inc. reports quarterly revenue of $224.2M, net income of $62.0M, an operating margin of 27.7%. 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. STAG Industrial, Inc.'s 13F Pro composite quality score has ranged between 65 and 72 since 2021, currently 68.1 — a declining long-term trajectory across 64 quarterly and live scoring snapshots.

What's Driving STAG's Business? Latest 10-Q Breakdown

AI-extracted from STAG Industrial, Inc.'s 10-Q filed 2026-07-28 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Biggest Revenue Drivers

Same Store Portfolio$204.5M+3.4% YoY

New leases and renewals with existing tenants added approximately $8.8M, partially offset by ~$3.3M reduction from tenant vacancies.

Acquisitions/Dispositions$12.7M

Net contribution from 21 buildings acquired (~7.1M sq ft) and 14 buildings sold (~3.1M sq ft) since January 1, 2025.

Biggest Revenue Drivers

Total revenue: $224.4M+8.1% YoY

Same Store Portfolio$204.5M+3.4% YoY

New leases and renewals with existing tenants added approximately $8.8M, partially offset by ~$3.3M reduction from tenant vacancies.

Within Same Store Portfolio

Lease income$166.0M+2.7% YoY

Increase primarily due to execution of new leases and lease renewals with existing tenants.

Other billings$38.4M+6.7% YoY

Primarily due to an approximately $2.0M increase in real estate taxes levied by the taxing authority.

Acquisitions/Dispositions$12.7M

Net contribution from 21 buildings acquired (~7.1M sq ft) and 14 buildings sold (~3.1M sq ft) since January 1, 2025.

Other$7.2M

Includes Value Add Portfolio, held-for-sale buildings, and termination/solar/other income adjustments from same-store buildings.

Largest Expense Items

Depreciation and amortization$82.2M+10.4% YoY

Increase in depreciable asset base from net acquisitions and completed development projects placed into service after June 30, 2025.

Property expenses$45.0M+11.4% YoY

Driven by increases in real estate tax ($2.0M), repairs and maintenance ($0.7M), and other expenses ($0.6M).

Interest expense$37.5M+11.5% YoY

Primarily attributable to the issuance of $550.0M of unsecured notes on June 25, 2025.

General and administrative$13.5M+5.0% YoY

Primarily due to increases in compensation and other payroll costs.

Margins: NOI grew 7.3% YoY to $179.3M (same-store NOI +2.2%) as rental income growth outpaced same-store property expense growth of 8.4%; total other expenses rose 9.1%, driven mainly by higher D&A from recent acquisitions and completed development projects.

Watch Items from the Filing

Acquisition activity in 2026 has been slower than STAG's historical pace given uncertainty around trade policy, interest rates, and recession risk.
$1,474.0M of variable rate debt outstanding; the $449.0M unsecured credit facility balance remains unhedged by interest rate swaps, exposing cash flow to rate increases.
Top tenant Amazon represents only 2.7% of annualized base rental revenue and the top 20 tenants together just 16.3%, indicating low customer concentration.
Leases representing approximately 6.6% of total annualized base rental revenue are scheduled to expire between July 1, 2026 and June 30, 2027.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$224.2M

Net Income

Q1 2026

$62.0M

Operating Margin

Q1 2026

27.7%

ROIC

Q1 2026

3.6%

D/E Ratio

Q1 2026

0.89

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+10.1% YoY

$845.2MFY 2025

FY22 $657.3MFY23 $707.8MFY24 $767.4MFY25 $845.2M

Net Income

+44.6% YoY

$273.5MFY 2025

FY22 $178.3MFY23 $192.8MFY24 $189.2MFY25 $273.5M

Total Assets

+5.5% YoY

$7.21BFY 2025

FY22 $6.18BFY23 $6.28BFY24 $6.83BFY25 $7.21B

Total Debt

+7.8% YoY

$3.27BFY 2025

FY22 $2.50BFY23 $2.62BFY24 $3.03BFY25 $3.27B

Op. Cash Flow

+0.7% YoY

$463.4MFY 2025

FY22 $387.9MFY23 $391.1MFY24 $460.3MFY25 $463.4M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$845.2M +10.1%	$767.4M +8.4%	$707.8M +7.7%	$657.3M +16.9%	$562.2M +16.3%	$483.4M
Net Income	$273.5M +44.6%	$189.2M -1.9%	$192.8M +8.1%	$178.3M -7.3%	$192.3M -4.9%	$202.1M
Total Assets	$7.21B +5.5%	$6.83B +8.8%	$6.28B +1.6%	$6.18B +6.0%	$5.83B +24.3%	$4.69B
Total Debt	$3.27B +7.8%	$3.03B +15.4%	$2.62B +5.0%	$2.50B +12.6%	$2.22B +30.2%	$1.70B
Operating Cash Flow	$463.4M +0.7%	$460.3M +17.7%	$391.1M +0.8%	$387.9M +15.4%	$336.2M +14.4%	$293.9M

AI Insight: STAG Financial Trends

Revenue grew 18% from Q2 2024 to Q1 2026, but net income volatility and rising debt mask underlying operational strain.

• Revenue expanded from $190M (Q2 2024) to $224M (Q1 2026), a 17.9% cumulative increase, demonstrating consistent organic growth.

• Total debt increased 14.6% from $2,796M to $3,266M (Q4 2025 peak), while equity grew only 7.3% over same period.

• Operating cash flow averaged $115M across eight quarters with no clear trend; Q3 2025 spiked to $144M but fell to $117M in Q1 2026.

⚠ Net income highly volatile (ranging $42M–$91M), including Q1 2025 spike followed by sharp declines; Q1 2026 stability unclear.

⚠ Debt-to-equity ratio deteriorated from 0.84x (Q2 2024) to 0.89x (Q1 2026), signaling elevated leverage amid uneven profitability.

AI Insight: STAG Ratio Trends

STAG's profitability metrics show high volatility with no clear directional trend; leverage remains stable around 0.89 D/E.

• Net profit margin swung from 44.5% in Q1 2025 to 23.0% in Q3 2025, then rebounded to 37.8% in Q4 2025.

• ROE and ROA track closely with NPM volatility: ROE ranged 5.1%–10.5% across quarters; TTM ROE of 6.8% sits near low end.

• Debt-to-equity stable at 0.88–0.91 range throughout period; no material deleveraging or increased financial risk.

⚠ Quarterly NPM swings of 20+ percentage points suggest earnings driven by one-off items or seasonal sale recognition rather than operating stability.

⚠ TTM NPM of 28.3% masks weakness: latest quarter (Q1 2026) at 27.7% and trailing quarters averaged 28.2%, indicating potential margin compression ahead.

Get alerted when STAG's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for STAG Industrial, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of STAG

BlackRock, Inc.
$1.1B28,826,227 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$654.0M17,183,678 sh
FMR LLC
$481.7M12,657,464 sh
STATE STREET CORP
$352.9M9,180,417 sh
VANGUARD CAPITAL MANAGEMENT LLC
$329.3M8,653,439 sh
NORGES BANK
$304.7M8,006,493 sh
Nuveen, LLC
$168.9M4,437,132 sh
GEODE CAPITAL MANAGEMENT, LLC
$155.4M4,082,274 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$142.6M3,746,095 sh
JPMORGAN CHASE & CO
$139.8M3,561,060 sh

Fund	Value	Shares
BlackRock, Inc.	$1.1B	28,826,227
VANGUARD PORTFOLIO MANAGEMENT LLC	$654.0M	17,183,678
FMR LLC	$481.7M	12,657,464
STATE STREET CORP	$352.9M	9,180,417
VANGUARD CAPITAL MANAGEMENT LLC	$329.3M	8,653,439
NORGES BANK	$304.7M	8,006,493
Nuveen, LLC	$168.9M	4,437,132
GEODE CAPITAL MANAGEMENT, LLC	$155.4M	4,082,274
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$142.6M	3,746,095
JPMORGAN CHASE & CO	$139.8M	3,561,060

Companies Similar to STAG

Ranked by quality-profile closeness and shared hedge-fund ownership — not just sector membership.

REG

REGENCY CENTERS CORP

AI score

Very similar · 35 shared holders

CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC CENTERSQUARE INVESTMENT MANAGEMENT LLC Boston Partners

BRX

Brixmor Property Group Inc.

AI score

Very similar · 38 shared holders

CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC CENTERSQUARE INVESTMENT MANAGEMENT LLC MILLER HOWARD INVESTMENTS INC /NY

EPRT

ESSENTIAL PROPERTIES REALTY TRUST, INC.

AI score

Very similar · 28 shared holders

CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC FRONTIER CAPITAL MANAGEMENT CO LLC Boston Partners

EGP

EASTGROUP PROPERTIES INC

AI score

Very similar · 32 shared holders

CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC EARNEST PARTNERS LLC Boston Partners

AMH

American Homes 4 Rent

AI score

Very similar · 34 shared holders

CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.CENTERSQUARE INVESTMENT MANAGEMENT LLC

FIRST INDUSTRIAL REALTY TRUST INC

AI score

Very similar · 32 shared holders

CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC FRONTIER CAPITAL MANAGEMENT CO LLC CENTERSQUARE INVESTMENT MANAGEMENT LLC

NNN

NNN REIT, INC.

AI score

Very similar · 32 shared holders

APG Asset Management US Inc.Asset Management One Co., Ltd.Susquehanna Portfolio Strategies, LLC

KIM

KIMCO REALTY CORP

AI score

Similar quality profile · 27 shared holders

CENTERSQUARE INVESTMENT MANAGEMENT LLC APG Asset Management US Inc.PACIFIC HEIGHTS ASSET MANAGEMENT LLC

Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.

More Real Estate Companies

View all Real Estate →

AAT

American Assets Trust, Inc.

ABR

ARBOR REALTY TRUST INC

ACR

ACRES Commercial Realty Corp.

ACRE

Ares Commercial Real Estate Corp

ADAM

ADAMAS TRUST, INC.

ADC

AGREE REALTY CORP

AEI

Alset Inc.

AGNC

AGNC Investment Corp.

Put STAG on your watchlist

Track score changes the day STAG Industrial, Inc. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

Is STAG a good stock to buy?

13F Pro's AI-powered analysis of STAG Industrial, Inc. (STAG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for STAG are available on the STAG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. STAG is classified as a mid company.

Which hedge funds own STAG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling STAG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of STAG Industrial, Inc.'s investment landscape.