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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,51117,21025,88413,36912,61434,830
Cash and cash equivalents13,51117,21025,88413,36912,61434,830
Prepaid expense511     
Total current assets:14,02217,21025,88413,36912,61434,830
Noncurrent Assets
Operating lease, right-of-use asset30,51330,84331,31331,77832,23729,151
Property, plant and equipment652,173645,477647,098647,379636,274626,385
Intangible assets, net (including goodwill)463,569483,583513,835532,616551,061561,267
Goodwill   4,900   
Intangible assets, net (excluding goodwill)463,569483,583508,935532,616551,061561,267
Total noncurrent assets:1,146,2551,159,9031,192,2461,211,7731,219,5721,216,803
Other undisclosed assets4,945,9094,938,7244,966,8584,970,7544,877,1224,729,224
TOTAL ASSETS:6,106,1866,115,8376,184,9886,195,8966,109,3085,980,857
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,662,3272,685,0172,726,8072,699,1822,652,8132,505,978
Total liabilities:2,662,3272,685,0172,726,8072,699,1822,652,8132,505,978
Equity
Equity, attributable to parent3,366,6003,352,9273,384,8243,421,7733,382,4153,400,405
Common stock1,7971,7941,7921,7921,7921,792
Additional paid in capital4,201,5514,188,9604,188,6774,184,8394,182,1654,179,361
Accumulated other comprehensive income70,31354,84970,50075,66336,89524,652
Accumulated deficit(907,061)(892,676)(876,145)(840,521)(838,437)(805,400)
Equity, attributable to noncontrolling interest77,25977,89373,35774,94174,08074,474
Total equity:3,443,8593,430,8203,458,1813,496,7143,456,4953,474,879
TOTAL LIABILITIES AND EQUITY:6,106,1866,115,8376,184,9886,195,8966,109,3085,980,857

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues171,694173,553170,331166,305161,500159,209
Operating lease, lease income171,439173,268170,036164,683161,057158,601
Cost of revenue(33,032)(38,860)(37,721)(30,665)(29,406)(56,227)
Cost of goods and services sold(32,675)(35,881)(34,965)(30,087)(28,874)(31,775)
Gross profit:138,662134,693132,610135,640132,094102,982
Operating expenses(80,554)(81,620)(80,466)(82,123)(81,513)(55,724)
Other operating expense, net
(Other Expenses)
(357)(2,979)(2,756)(578)(532)(497)
Operating income:57,75150,09449,38852,93950,04946,761
Nonoperating income (expense)(5,311)(2,465)(21,700)11,201(17,497)6,730
Investment income, nonoperating17,53220,128(12)33,16837623,955
Interest and debt expense(22,860)(22,612) (21,993)(17,896)(17,259)
Income from continuing operations:29,58025,01727,68842,14714,65636,232
Income before gain (loss) on sale of properties:42,14714,65636,232
Other undisclosed net income23,21725,5912,75622,57118,42817,756
Net income:52,79750,60830,44464,71833,08453,988
Net loss attributable to noncontrolling interest(1,191)(1,142)(650)(1,388)(708)(1,162)
Net income attributable to parent:51,60649,46629,79463,33032,37652,826
Undistributed earnings (loss) allocated to participating securities, basic(53)(53)(57)(59)(59)(62)
Net income available to common stockholders, diluted:51,55349,41329,73763,27132,31752,764

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:52,79750,60830,44464,71833,08453,988
Other comprehensive income (loss)15,821(16,012)(5,278)39,61812,50937,237
Comprehensive income:68,61834,59625,166104,33645,59391,225
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,548)(781)(535)(2,238)(974)(1,964)
Comprehensive income, net of tax, attributable to parent:67,07033,81524,631102,09844,61989,261

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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