Stag Industrial, Inc. (STAG) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE FEDERAL STREET
BOSTON, MA 02110
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,88418,98115,6669,0417,96824,562
Cash and cash equivalents25,88418,98115,6669,0417,96824,562
Prepaid expense      
Total current assets:25,88418,98115,6669,0417,96824,562
Noncurrent Assets
Operating lease, right-of-use asset31,31329,58225,403 
Property, plant and equipment647,098617,297492,783435,923364,023321,560
Intangible assets, net (including goodwill)513,835572,558504,702475,149342,015313,253
Goodwill 4,9004,9004,900   
Intangible assets, net (excluding goodwill)508,935567,658499,802475,149342,015313,253
Total noncurrent assets:1,192,2461,219,4371,022,888911,072706,038634,813
Other undisclosed assets4,966,8584,594,8313,654,0923,244,5322,388,5262,021,292
TOTAL ASSETS:6,184,9885,833,2494,692,6464,164,6453,102,5322,680,667
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,726,8072,439,6621,921,5941,800,7541,432,9001,270,360
Total liabilities:2,726,8072,439,6621,921,5941,800,7541,432,9001,270,360
Equity
Equity, attributable to parent, including:3,384,8243,327,7002,716,2072,305,5281,613,8031,359,040
Preferred stock   75,000   
Common stock1,7921,7771,5821,4281,122970
Additional paid in capital4,188,6774,130,0383,421,7212,970,5532,118,1791,725,825
Accumulated other comprehensive income (loss)70,500(11,783)(40,025)(18,426)4,4813,936
Accumulated deficit(876,145)(792,332)(742,071)(723,027)(584,979)(516,691)
Other undisclosed equity, attributable to parent    75,00075,000145,000
Equity, attributable to noncontrolling interest73,35765,88754,84558,36355,82951,267
Total equity:3,458,1813,393,5872,771,0522,363,8911,669,6321,410,307
TOTAL LIABILITIES AND EQUITY:6,184,9885,833,2494,692,6464,164,6453,102,5322,680,667

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues657,345562,159483,411405,950350,993301,087
Operating leases, income statement, lease revenue295,654
Revenue, net301,087
Operating lease, lease income654,377559,432482,825 
Cost of revenue(130,064)(208,844)(227,121)(76,964)(142,509)(83,404)
Cost of goods and services sold(125,701)(107,986)(89,359)  (57,701)
Gross profit:527,281353,315256,290328,986208,484217,683
Operating expenses(323,781)(189,348)(124,654)(231,153)(135,640)(167,253)
Other operating expense, net
(Other Expenses)
(4,363)(2,878)(2,029)(1,785)(1,277)(1,786)
Operating income:199,137161,089129,60796,04871,56748,644
Nonoperating income (expense)(21,266)32,46575,159(47,168)23,401(18,230)
Investment income, nonoperating57,48797,980135,733   
Interest and debt expense(838)(65,636)(63,177)(54,647)(13)(15)
Income (loss) from continuing operations before income taxes:177,033127,918141,589(5,767)94,95530,399
Income tax expense  (1,700)(1,700) (900) 
Other undisclosed income from continuing operations      1,801
Income (loss) from continuing operations:177,033126,218139,889(5,767)94,05532,200
Income (loss) before gain (loss) on sale of properties:126,218139,889(5,767)94,05532,200
Gain on sale of properties, net of applicable income taxes 72,21124,242
Other undisclosed net income (loss)5,20170,21466,90656,432(70,021)(24,567)
Net income:182,234196,432206,79550,66596,24532,200
Net loss attributable to noncontrolling interest(3,908)(4,098)(4,648)(1,384)(3,319)(941)
Net income attributable to parent:178,326192,334202,14749,28192,92631,259
Preferred stock dividends and other adjustments  (3,871)(5,156)(5,156)(10,265)(9,794)
Undistributed earnings (loss) allocated to participating securities, basic(237)(288)(271)(314)(276) 
Other undisclosed net loss available to common stockholders, basic      (334)
Net income available to common stockholders, diluted:178,089188,175196,72043,81182,38521,131

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:182,234196,432206,79550,66596,24532,200
Other comprehensive income (loss)84,08628,856(22,109)(23,625)3105,670
Comprehensive income:266,320225,288184,68627,04096,55537,870
Comprehensive loss, net of tax, attributable to noncontrolling interest(5,711)(4,712)(4,138)(666)(3,331)(1,179)
Comprehensive income, net of tax, attributable to parent:260,609220,576180,54826,37493,22436,691

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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