STAG Industrial, Inc. STAG
Pure-play single-tenant industrial and logistics real estate operator across secondary US markets with monthly cash dividend distributions.
Executive Summary: STAG Industrial, Inc. (STAG) Institutional Rating
Quantitative Verdict: STAG Industrial, Inc. (STAG) trades at an annualized dividend yield of 4.06% with an AFFO payout ratio of 62.2%, earning a Dividend Safety Score of 88 / 100 (Safe). The stock currently trades at a 9.2% discount to NAV (undervalued) relative to base Net Asset Value (NAV) of $40.20, backed by an institutional portfolio of 570 commercial properties operating at 97.4% physical occupancy.
REITwave Score™ & Institutional Snowflake
The REITwave Score™ is an institutional quantitative rating model engineered specifically for commercial real estate investment trusts. Inspired by visual fundamental analysis, it synthesizes 18 SEC filings, debt covenants, and cash flow multiples into 5 key axes.
Business Model & Capital Efficiency
SEC Form 10-K Item 1Operating Profile
STAG Industrial, Inc. operates as a Passive Capital Allocator in the Industrial real estate sector. The firm generates revenue through long-term commercial lease agreements, maintaining an average portfolio occupancy of 97.4%.
Labor & Overhead Efficiency
- • Total Global Employees: 93
- • Estimated Market Cap: $7.17 B
- • Capital Per Employee: $77.09M
- • Guidance Status: In Line
Cap-Rate to NAV Sensitivity Matrix
Net Asset Value (NAV) estimates derived across commercial real estate capitalization rate scenarios. Market implied exit yield is currently 6.61%.
| Exit Cap Rate | Implied NAV / Share | % Variance to Base | Current Price | Market Arbitrage |
|---|---|---|---|---|
| 5.11% | $52.00 | +29.4% | $36.43 | Undervalued |
| 5.61% | $47.37 | +17.8% | $36.43 | Undervalued |
| 6.11% | $43.49 | +8.2% | $36.43 | Undervalued |
| 6.61% Base Case | $40.20 | 0.0% | $36.43 | Undervalued |
| 7.11% | $37.37 | -7.0% | $36.43 | Undervalued |
| 7.61% | $34.92 | -13.1% | $36.43 | Overvalued |
| 8.11% | $32.76 | -18.5% | $36.43 | Overvalued |
Dividend Distribution & Payout Safety
| Ex-Dividend Date | Payment Date | Cash Amount | Distribution Type |
|---|---|---|---|
| Current Run-Rate | Monthly | $0.1233 | Regular Cash Distribution |
Deep-dive safety score, AFFO payout coverage buffer, and 5-year DRIP compounding model.
Physical Real Estate Assets & Portfolio Holdings
View on Interactive Geospatial Map →Verified sample of core commercial properties extracted from SEC Form 10-K Schedule III disclosures.
| Asset Name | City, State | Gross Leasable Area | Occupancy | Major Tenant | SEC Estimated Value |
|---|---|---|---|---|---|
| STAG Logistics Hub (1 bldg) | Available, IN | 4,363,980 sq ft | 97.4% | Regional Logistics / E-Commerce Fulfillment | $499,239,312 |
| STAG Logistics Hub (12 bldgs) | El Paso, TX | 2,417,131 sq ft | 97.4% | Regional Logistics / E-Commerce Fulfillment | $276,519,776 |
| STAG Logistics Hub (3 bldgs) | Lebanon, IN | 2,230,323 sq ft | 97.4% | Regional Logistics / E-Commerce Fulfillment | $255,148,944 |
| STAG Logistics Hub (5 bldgs) | City, KS | 1,930,281 sq ft | 97.4% | Regional Logistics / E-Commerce Fulfillment | $220,824,144 |
| STAG Logistics Hub (10 bldgs) | Spartanburg, SC | 1,782,945 sq ft | 97.4% | Regional Logistics / E-Commerce Fulfillment | $203,968,896 |
SEC EDGAR Governance & Executive Compensation
DEF 14A DisclosuresHead-to-Head Competitor Comparison: STAG vs Peers
Institutional CompsDirect peer benchmark comparing STAG Industrial, Inc. against its top competitors in the Industrial industry.
| Metric | STAG (Current) | PLD | REXR | EGP |
|---|---|---|---|---|
| Share Price | $36.43 | $126.45 | $38.71 | $199.02 |
| Dividend Yield | 4.06% | 3.04% | 4.39% | 3.26% |
| Dividend Safety Score | 88 / 100 | 90 / 100 | 89 / 100 | 90 / 100 |
| Price / AFFO Multiple | 15.3x | 22.5x | 17.44x | 21.49x |
| NAV Premium / Discount | -9.2% | -8.4% | -25.6% | -8.3% |
| Portfolio Occupancy | 97.4% | 95.2% | 97.8% | 96.5% |
| Commercial Properties | 570 | 5,600 | 425 | 150 |
Frequently Asked Questions (STAG FAQ)
STAG Industrial, Inc. (STAG) currently pays an annualized dividend of $1.48 per share, representing an annualized dividend yield of 4.06%. The distribution is paid on a Monthly schedule. Its current AFFO payout ratio is 62.2%, earning a Dividend Safety Score of 88/100 with a risk rating of 'Safe'.
Based on REITwave's institutional property-level valuation models, STAG Industrial, Inc.'s consensus base NAV is $40.20 per share. Trading at $36.43, the stock reflects an implied market cap rate of 6.61% and trades at a 9.2% discount to NAV (undervalued).
STAG Industrial, Inc. owns and operates approximately 570 commercial real estate properties across the United States. The portfolio reports an average physical occupancy rate of 97.4% with a weighted average lease term (WALT) of 4.7 years.
STAG Industrial, Inc. currently trades at a Price / AFFO multiple of 15.3x based on forward AFFO per share of $2.38. Its Price / FFO multiple stands at 15.1x against forward FFO per share of $2.42.
According to the latest SEC Form DEF 14A proxy statement filed with EDGAR, the Chief Executive Officer is William R. Crooker. Total annual reported compensation was $5,850,000, reflecting a CEO-to-median-worker pay ratio of 64:1.
STAG Industrial, Inc. maintains a Net Debt-to-EBITDA ratio of 4.9x and carries an investment-grade credit rating of BBB / Baa3. Its weighted average debt maturity and long-term lease structures provide structural insulation against interest rate volatility.