Stag Industrial
STAG Industrial (NYSE: STAG) is a publicly traded REIT that owns and operates 601 industrial buildings totaling 120.3 million square feet across 41 U.S. states, primarily serving warehouse, distribution, logistics, and light manufacturing tenants through long-term triple-net leases.
- Company typePublic
- Founded2010
- HeadquartersBoston, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Stag Industrial does
STAG Industrial, Inc. (NYSE: STAG) is a publicly traded real estate investment trust focused on the acquisition, development, ownership, and operation of industrial properties throughout the United States. The company was formed through a 2011 IPO with a predecessor business (STAG Capital Partners, LLC) dating to 2003; it is incorporated in Maryland and headquartered in Boston with a secondary office in Dallas. As of March 31, 2026, the portfolio comprised 601 buildings totaling 120.3 million rentable square feet across 41 states, with a $10.2 billion enterprise value and a market capitalization of approximately $7.16 billion (June 2026). The portfolio consists of single-tenant and multi-tenant warehouse, distribution, and light manufacturing facilities, with named enterprise tenants including Amazon, FedEx, UPS, and DHL Express.
STAG's business model centers on acquiring and operating industrial real estate under long-term triple-net leases, generating recurring rental revenue supplemented by occasional property dispositions and development activity. The company pursues acquisitions through three regional teams (Northeast, South, West), targeting deal sizes of $5–$100 million per asset with no maximum for portfolios; an active $3.9 billion acquisition pipeline spans 164 buildings. Revenue is primarily rental with a subscription-style recurring structure. In Q1 2026, revenue reached $224.21 million (+9% YoY), with 95.1% portfolio occupancy and 20.9% cash rent change on new and renewal leases. Capital structure is anchored by investment-grade credit (Moody's Baa2, upgraded May 2025), a conservative 58.4% FFO payout ratio, and 15 consecutive years of dividend increases, with senior unsecured note issuances totaling $1 billion across 2024–2025.
Operational technology includes a sustainability and energy management stack featuring 37.2 MW of rooftop solar, LED lighting conversions across more than 90% of the portfolio, reflective roofing covering 48% of buildings, and the WatchWire utility data aggregation platform. A separate data engineering function led by an SVP of Data & Technology supports portfolio analytics, though STAG's core competency remains real estate underwriting and asset management rather than proprietary technology. Distribution and marketing are conducted through direct B2B institutional investor engagement, the NAREIT REITweek conference, quarterly earnings calls, and an active Investor Relations site rather than traditional product marketing channels.
Stag Industrial firmographics
Firmographics- Name
- Stag Industrial
- Legal name
- STAG Industrial, Inc.
- Website
- http://www.stagindustrial.com/index.php
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- STAG Industrial (NYSE: STAG) is a publicly traded REIT that owns and operates 601 industrial buildings totaling 120.3 million square feet across 41 U.S. states, primarily serving warehouse, distribution, logistics, and light manufacturing tenants through long-term triple-net leases.
- Ownership category
- akta.pro rank
Stag Industrial industry classification
Industry- Product category
- Industrial Real Estate REIT
- NAICS
- Offices of Real Estate Agents and Brokers (5312), Industrial Building Construction (23621)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)
- akta.pro secondary industry
- Industrial & Logistics Brokerage (BPAJABAC)
Keywords
Where Stag Industrial is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Stag Industrial business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Industrial Property Leasing: STAG Industrial generates revenue primarily through long-term leases of industrial properties to tenants. The company owns single-tenant and multi-tenant warehouse, distribution, and light manufacturing facilities. Revenue is recurring in nature from rent payments under triple-net leases.
- Property Dispositions: The company generates proceeds from the sale of industrial properties, though this is not a primary recurring revenue stream. In Q1 2026, one building was sold for $30.1 million.
- Development: STAG Industrial undertakes speculative development projects and build-to-suit developments, generating revenue through property sales or leasing upon completion.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Industrial Lease Pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Stag Industrial product offering
Product offeringCore offering
STAG Industrial is a publicly traded REIT focused on the acquisition, development, ownership, and operation of single-tenant and multi-tenant industrial properties throughout the United States. The portfolio comprises 601 industrial buildings across 41 states with approximately 120.3 million rentable square feet of warehouse, distribution, and light manufacturing facilities leased primarily under long-term triple-net leases to commercial tenants. Revenue is generated through recurring rental income, property dispositions, and development projects, with a $3.9 billion active acquisition pipeline and target deal sizes ranging from $5 million to $100 million per asset.
Product overview
STAG Industrial operates as a single-tenant industrial Real Estate Investment Trust (REIT) focused on the acquisition, development, ownership, and operation of industrial properties throughout the United States. The company offers a unified platform comprising three interconnected services: an Acquisition Platform that evaluates investments across all markets, credit profiles, and lease terms targeting buildings between $5-100 million; an Asset Management Services platform capable of addressing every physical aspect and tenant scenario; and Sustainability/Development services including solar installations, LED conversions, and build-to-suit projects. As of March 31, 2026, the portfolio consists of 601 industrial buildings across 41 states encompassing approximately 120.3 million rentable square feet, with a focus on warehouse, distribution, and light manufacturing facilities in both primary and secondary industrial markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Industrial Property Portfolio
Quantifiable outcome
- 20.9% cash rent change on new and renewal leases commenced in Q1 2026
- +5 more outcomes
Companies that use Stag Industrial
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles3 records
Stag Industrial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
Stag Industrial partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor.
- DonorsChooseminorSTAG Industrial established a national campaign with DonorsChoose to support students and teachers in every state where the company owns buildings, as part of its Charitable Action Fund initiatives.
- Room to GrowminorPartnership with Room to Grow to collect essential clothing and baby items for families enrolled in their three-year program, supporting young families facing economic hardship.
- Boys & Girls Club of DorchesterminorSTAG collaborates with Boys & Girls Club of Dorchester for Impact Day volunteer events, including priming and painting walls for The Colonel Daniel Marr Clubhouse.
- The Home for Little WanderersminorSTAG has partnered with The Home for Little Wanderers, including being named Corporate Partner of the Year in 2015 and serving as chair of their annual fundraiser in 2017.
- Lucy’s Love BusminorSTAG volunteers at Lucy's Love Bus annual Butterfly Event, dedicated to providing comfort and complementary therapies to children with cancer and other serious illnesses.
- Girls Inc. DallasminorSTAG participated in Girls Inc. Bold Dreams Breakfast, supporting the organization's mission to inspire girls to be strong, smart, and bold through mentorship and educational resources.
Scale indicators10 records
Recent moves11 records
Expansion highlights5 records
Stag Industrial competitors and assessment
Company assessmentDirect peers
- Terreno Realty Corporation: Terreno Realty is a direct industrial REIT peer with a comparable acquisition-and-operate model. Both companies focus on single-tenant-oriented industrial property portfolios in U.S. markets, though Terreno is concentrated in coastal infill markets where STAG targets secondary markets.
- EastGroup Properties, Inc. EastGroup is a publicly traded industrial REIT focused on Sunbelt distribution warehouses, providing a comparable business model to STAG. Both target single-tenant and multi-tenant distribution/warehouse facilities in U.S. markets with similar acquisition and asset management platforms.
- First Industrial Realty Trust, Inc. First Industrial is a direct peer as a U.S. industrial REIT operating a similar acquisition, development, and asset management platform. Both companies target industrial properties serving logistics and light manufacturing tenants across multiple U.S. regions, with comparable deal-size profiles.
- Rexford Industrial Realty, Inc. Rexford Industrial is a direct industrial REIT peer with a single-tenant acquisition-and-operate business model that closely mirrors STAG's, albeit focused on Southern California infill markets rather than STAG's diversified secondary-market footprint.
- Plymouth Industrial REIT, Inc. Plymouth Industrial is a smaller-cap industrial REIT peer focused on U.S. industrial properties with a similar secondary-market acquisition strategy to STAG. It provides the most direct smaller-cap comparable to STAG's differentiated market approach and acquisition velocity.
- PS Business Parks, Inc. PS Business Parks operates flex/industrial and office properties, but its industrial/flex segment overlaps with STAG's light industrial facilities. Both serve small- and mid-size tenants under multi-tenant configurations, providing a comparable operating model in adjacent industrial sub-segments.
Broad incumbents
- Prologis, Inc. Prologis is the dominant global industrial REIT and broad incumbent in STAG's space. Following its acquisitions of Duke Realty and Liberty Property Trust, Prologis operates at a scale and global footprint well beyond STAG's U.S.-only focus, providing the relevant top-tier comparison.
Others
- Duke Realty Corporation: Duke Realty was a direct peer industrial REIT that was acquired by Prologis in 2022. It had been a direct competitor to STAG in U.S. industrial real estate with a comparable acquisition and development platform across Midwest and Sunbelt markets.
- W. P. Carey Inc. W. P. Carey is a diversified net-lease REIT with significant industrial exposure across its single-tenant portfolio. While not exclusively industrial, its industrial segment provides a comparable net-lease operating model and serves as an adjacent peer for industrial real estate valuation benchmarks.
- JLL (Jones Lang LaSalle Incorporated): JLL is a global commercial real estate services firm that has transacted industrial properties on STAG's behalf, including the KCI Logistics Center acquisition in December 2025. As a capital markets intermediary in industrial real estate, JLL provides comparable deal-flow and valuation benchmarks.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Stag Industrial social profiles
Digital presenceStag Industrial compliance and trust
Trust signalCompliance3 records
Stag Industrial financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stag Industrial leadership team
Management profileNumber of profiles
Profiles1 record
Stag Industrial funding detail
Funding detailFunding overview
Funding rounds8 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stag Industrial M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stag Industrial
What does Stag Industrial do?
STAG Industrial is a publicly traded REIT focused on the acquisition, development, ownership, and operation of single-tenant and multi-tenant industrial properties throughout the United States. The portfolio comprises 601 industrial buildings across 41 states with approximately 120.3 million rentable square feet of warehouse, distribution, and light manufacturing facilities leased primarily under long-term triple-net leases to commercial tenants. Revenue is generated through recurring rental income, property dispositions, and development projects, with a $3.9 billion active acquisition pipeline and target deal sizes ranging from $5 million to $100 million per asset.
Is Stag Industrial a public or private company?
Stag Industrial is a public company. It is classified as public and is currently operating.
When was Stag Industrial founded?
Stag Industrial was founded in 2010. It employs 51 to 100 people.
Where is Stag Industrial based?
Stag Industrial is headquartered in Boston, United States, in the North America region.
How does Stag Industrial make money?
Three revenue lines are on record. Industrial Property Leasing is the primary driver. The others are property Dispositions and development.
Who are Stag Industrial's main competitors?
Direct peers on record are Terreno Realty Corporation, EastGroup Properties, Inc., First Industrial Realty Trust, Inc., Rexford Industrial Realty, Inc., Plymouth Industrial REIT, Inc. and PS Business Parks, Inc.. Prologis, Inc. is listed as a broad incumbent. Others are Duke Realty Corporation, W. P. Carey Inc. and JLL (Jones Lang LaSalle Incorporated).
Does Stag Industrial have an API?
No public API is recorded for Stag Industrial.
What industry is Stag Industrial in?
Stag Industrial's product category is Industrial Real Estate REIT. Its primary akta.pro industry code is FSAAAKAL, Real Assets — Operating Platforms & Direct Investments, with a secondary code of BPAJABAC, Industrial & Logistics Brokerage. Its NAICS code is 5312 and its SIC code is 6532.