Stag Industrial Inc (N:STAG)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | One Federal Street, 23Rd Floor BOSTON MA 2110 |
| Tel: | N/A |
| Website: | https://www.stagindustrial.com |
| IR: | See website |
| Key People | ||
| William R. Crooker President, Chief Executive Officer, Director | Matts S. Pinard Chief Financial Officer, Executive Vice President, Treasurer | Michael C. Chase Executive Vice President, Chief Investment Officer |
| Steven T. Kimball Executive Vice President - Real Estate Operations | Jeffrey M. Sullivan Executive Vice President, General Counsel, Secretary | |
| Business Overview |
| STAG Industrial, Inc. is a real estate investment trust (REIT), which is focused on the acquisition, ownership and operation of industrial properties throughout the United States. The Company's is designed to identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of its risk assessment model. Its primary business objectives are to own and operate a balanced and diversified portfolio of binary risk investments that maximize cash flows available for distribution to its stockholders, and to enhance stockholder value over time by achieving sustainable long-term growth in distributable cash flow from operations per share. The Company owns approximately 569 buildings in 41 states with 112.3 million rentable square feet, consisting of approximately 493 warehouse/distribution buildings, 70 light manufacturing buildings, one flex/office building, and five value add portfolio buildings. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Stag Industrial Inc revenues increased 8% to $707.8M. Net income applicable to common stockholders increased 8% to $192.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income also reflects Net Operating Income (NOI), Total increase of 7% to $568.2M, Loss on impairment decrease from $1.8M (expense) to $0K. |
| Employees: | 95 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8,855M as of Dec 31, 2023 |
| Annual revenue (TTM): | $707.84M as of Dec 31, 2023 |
| EBITDA (TTM): | $516.06M as of Dec 31, 2023 |
| Net annual income (TTM): | $192.63M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$306.78M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,603M as of Dec 31, 2023 |
| Shares outstanding: | 181,834,658 as of Mar 4, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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