CluenexSTAG Industrial STAG
STAG Industrial scores average on business quality (5.3 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What STAG Industrial does
STAG Industrial owns and operates single-tenant industrial properties across the United States, leasing warehouses and distribution centers to corporate tenants. Revenue flows from rental income generated by these essential logistics hubs.
- What it does best
STAG excels at acquiring single-tenant industrial properties outside primary coastal hubs, capturing higher initial yields. Its gross margin sits at 80.0%, beating peer Line's 32.0% by a wide margin due to its focused warehouse leasing model.
- The main risk
Heavy reliance on continuous capital deployment exposes STAG to refinancing pressures, as total debt reaches $3.2B against just $15.0M in cash. If credit markets freeze, its ability to fund acquisitions and maintain dividends will break.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 37.6% while free cash flow margin lags significantly due to massive capital expenditures of $959.0M. Profitability does not cleanly scale with revenue yet as capital costs weigh on returns.
The moat relies on a diversified single-tenant industrial portfolio locking in enterprise logistics tenants. It ranks in the top quartile for gross margin at 82nd percentile, though modest ROE of 6.9% limits the overall advantage.
Revenue grew 10.2% to $881.0M, continuing a multi-year expansion trend visible across history annual summaries. The engine is fueled by steady warehouse asset acquisitions.
Debt-to-equity sits at 0.9x and interest coverage is weak at 2.4x. Free cash flow remains deeply negative at -$483.0M due to heavy capital expenditures. Balance sheet reality is softening.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on STAG
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
STAG Industrial scores average on the Cluenex quality check (5.3 of 10), measured against its own industry. Profitability is weak, moat fair, growth steady and financial health fair.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 27, 2026.
See STAG today
- Today's verdict on STAG, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “STAG Industrial (STAG)”, https://cluenex.com/stocks/stag/, data as of Oct 10, 2026.