STAG Industrial, Inc. (STAG) Balance Sheet

NYSE: STAGAssets, liabilities, debt and equity over 10 years.

STAG balance sheet, 2025

December 31, 2025 · U.S. dollars

$7.21B assets = $3.54B liabilities + $3.67B equity

Both columns are drawn to the same scale: what STAG owns equals what it owes plus shareholders’ equity. Hover a block for its value.

STAG financial health

Current ratio0.41

Tight · current assets cover current liabilities 0.41×

Debt / equity0.92

Moderate leverage · $0.92 of debt for each $1 of equity

Equity / assets49.9%

Equity-funded · of assets funded by shareholders

Cash / debt0.5%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles5.5%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

STAG balance sheet trends, 2016–2025

STAG Industrial, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$2.19B2016	$7.21B2025	+14.2%/yr
Total liabilities	$1.12B2016	$3.54B2025	+13.6%/yr
Shareholders’ equity	$1.07B2016	$3.60B2025	+14.5%/yr
Cash & short-term investments	$12.2M2016	$14.9M2025	+2.3%/yr
Total debt	$1.04B2016	$3.29B2025	+13.7%/yr
Net cash (debt)	−$1.03B2016	−$3.28B2025	−$2.3B
Working capital	−$5.3M2016	−$250.2M2025	−$244.9M
Book value per share	$15.062016	$19.112025	+2.7%/yr
Current ratio	0.932016	0.412025	−0.52
Debt / equity	0.972016	0.922025	−0.06
Shares outstanding	70.9M2016	188.2M2025	+11.5%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

STAG assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

STAG liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

STAG debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

STAG balance sheet

STAG Industrial, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$14.9M	$36.3M	$20.7M	$25.9M	$19.0M	$15.7M	$9.0M	$8.0M	$24.6M	$12.2M
Cash & equivalents	$14.9M	$36.3M	$20.7M	$25.9M	$19.0M	$15.7M	$9.0M	$8.0M	$24.6M	$12.2M
Short-term investments	—	—	$50.4M	$72.2M	$5.2M	—	$303,000	$9.2M	$6.1M	$1.5M
Receivables	$156.5M	$136.4M	$128.3M	$115.5M	$93.6M	$77.8M	$57.6M	$42.2M	$33.6M	$25.2M
Inventory	$0	$0	−$50.4M	−$66.2M	$4.2M	$5.1M	$45.8M	$14.6M	$23.5M	$9.6M
Other current assets	$0	$97.3M	$132.0M	$143.5M	$61.0M	$43.5M	$38.2M	$36.9M	$25.4M	$20.8M
Total current assets	$171.4M	$269.9M	$230.6M	$218.7M	$177.7M	$142.1M	$150.7M	$101.7M	$107.0M	$67.8M
Property, plant & equipment (net)	$32.7M	$31.2M	$29.6M	$31.3M	$29.6M	$25.4M	$15.1M	$2.65B	$2.25B	$1.82B
Goodwill & intangible assets	$395.0M	$428.9M	$440.6M	$513.8M	$572.6M	$504.7M	$480.0M	$684.0M	$318.2M	$299.4M
Long-term investments	$0	$0	$0	$76.9M	$5.2M	$444,000	$43.3M	$9.2M	$26.0M	$1.5M
Other non-current assets	$6.61B	$6.10B	$5.58B	$5.34B	$5.05B	$4.02B	$3.48B	$0	$0	$0
Total assets	$7.21B	$6.83B	$6.28B	$6.18B	$5.83B	$4.69B	$4.16B	$3.10B	$2.68B	$2.19B
Liabilities
Accounts payable	$135.4M	$126.8M	$83.2M	$97.4M	$76.5M	$69.8M	$53.7M	$45.5M	$43.2M	$35.4M
Short-term debt	$262.0M	$409.0M	$402.0M	$175.0M	$296.0M	$107.0M	$146.0M	$100.5M	$271.0M	$28.0M
Deferred revenue	—	—	$424.7M	$40.8M	—	—	—	—	—	—
Total current liabilities	$421.6M	$559.3M	$507.9M	$294.7M	$394.4M	$196.1M	$217.2M	$159.8M	$326.1M	$73.1M
Long-term debt	$2.99B	$2.62B	$2.22B	$2.32B	$1.94B	$1.64B	$1.52B	$1.23B	$904.0M	$1.01B
Lease obligations	$37.0M	$35.3M	$33.6M	$35.1M	$33.1M	$27.9M	$17.0M	—	—	—
Other long-term liabilities	$123.1M	$124.8M	$107.7M	$108.4M	$106.0M	$88.5M	$65.7M	$43.7M	$40.3M	$35.5M
Total liabilities	$3.54B	$3.30B	$2.84B	$2.73B	$2.44B	$1.92B	$1.80B	$1.43B	$1.27B	$1.12B
Shareholders' equity
Common stock & paid-in capital	$1.9M	$1.9M	$1.8M	$1.8M	$1.8M	$1.6M	$1.4M	$1.1M	$1.73B	$1.29B
Retained earnings (deficit)	−$1.03B	−$1.03B	−$948.7M	−$876.1M	−$792.3M	−$742.1M	−$723.0M	−$585.0M	−$516.7M	−$411.0M
Treasury stock	—	—	—	—	—	—	—	—	$0	$0
Accumulated other comprehensive income	$11.9M	$35.6M	$49.2M	$70.5M	−$11.8M	−$40.0M	−$18.4M	$4.5M	$3.9M	−$1.5M
Minority interest	$75.3M	$71.5M	$71.1M	$73.4M	$65.9M	$54.8M	$58.4M	$55.8M	$51.3M	$39.9M
Total shareholders' equity	$3.60B	$3.46B	$3.37B	$3.38B	$3.33B	$2.77B	$2.36B	$1.67B	$1.41B	$1.07B
Key figures
Total debt	$3.29B	$3.06B	$2.66B	$2.53B	$2.25B	$1.74B	$1.66B	$1.33B	$1.17B	$1.04B
Net cash (debt)	−$3.28B	−$3.03B	−$2.64B	−$2.51B	−$2.23B	−$1.73B	−$1.65B	−$1.32B	−$1.15B	−$1.03B
Working capital	−$250.2M	−$289.3M	−$277.3M	−$76.0M	−$216.6M	−$54.1M	−$66.5M	−$58.1M	−$219.1M	−$5.3M
Tangible book value	$3.20B	$3.03B	$2.93B	$2.87B	$2.76B	$2.27B	$1.88B	$985.6M	$1.09B	$767.5M
Book value per share	$19.11	$18.96	$18.69	$18.92	$20.28	$18.57	$18.81	$16.08	$15.67	$15.06
Shares outstanding	188.2M	182.4M	180.6M	178.9M	164.1M	149.2M	125.7M	103.8M	90.0M	70.9M
Current ratio	0.41	0.48	0.45	0.74	0.45	0.72	0.69	0.64	0.33	0.93
Quick ratio	0.41	0.31	0.29	0.48	0.29	0.48	0.31	0.31	0.18	0.51
Debt / equity	0.92	0.89	0.79	0.75	0.68	0.63	0.70	0.80	0.83	0.97
Equity / assets	49.9%	50.6%	53.7%	54.7%	57.0%	59.1%	56.8%	53.8%	52.6%	48.8%

STAG Industrial, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$65.9M	$8.9M	$14.9M	$17.3M	$15.4M	$9.3M	$36.3M	$70.0M	$33.3M	$12.4M	$20.7M	$10.9M
Cash & equivalents	$65.9M	$8.9M	$14.9M	$17.3M	$15.4M	$9.3M	$36.3M	$70.0M	$33.3M	$12.4M	$20.7M	$10.9M
Short-term investments	—	—	—	—	—	—	—	—	$54.5M	$57.5M	$50.4M	$76.9M
Receivables	$161.1M	$161.4M	$156.5M	$145.0M	$138.9M	$141.9M	$136.4M	$128.4M	$125.2M	$128.8M	$128.3M	$120.8M
Inventory	$0	$0	$0	$0	$0	$0	$0	$199.5M	$0	−$57.5M	−$50.4M	$1.1M
Other current assets	$115.1M	$149.0M	$0	$116.9M	$120.9M	$139.1M	$97.3M	$0	$82.1M	$142.3M	$132.0M	$83.5M
Total current assets	$342.0M	$319.2M	$171.4M	$279.2M	$275.2M	$290.4M	$269.9M	$301.4M	$240.5M	$226.0M	$230.6M	$216.4M
Property, plant & equipment (net)	$5.82B	$32.2M	$32.7M	$29.8M	$30.1M	$30.6M	$31.2M	$28.1M	$28.6M	$29.1M	$29.6M	$30.0M
Goodwill & intangible assets	$401.8M	$383.3M	$395.0M	$381.7M	$392.7M	$412.4M	$433.8M	$413.5M	$421.6M	$422.2M	$440.6M	$457.7M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$914.4M	$6.45B	$6.61B	$6.21B	$6.13B	$6.11B	$6.10B	$5.82B	$5.75B	$5.62B	$5.58B	$5.57B
Total assets	$7.48B	$7.18B	$7.21B	$6.90B	$6.83B	$6.85B	$6.83B	$6.57B	$6.44B	$6.29B	$6.28B	$6.28B
Liabilities
Accounts payable	$129.6M	$127.6M	$135.4M	$154.5M	$117.8M	$120.7M	$126.8M	$139.9M	$98.8M	$80.5M	$83.2M	$100.6M
Short-term debt	$449.0M	$200.0M	$262.0M	$110.0M	$51.0M	$512.0M	$409.0M	$256.0M	$127.0M	$435.0M	$402.0M	$325.0M
Deferred revenue	$59.8M	—	—	—	—	—	—	$72.9M	$149.9M	−$150.0M	$424.7M	—
Total current liabilities	$714.6M	$403.3M	$421.6M	$288.2M	$192.5M	$656.4M	$559.3M	$418.8M	$248.8M	$538.4M	$507.9M	$448.4M
Long-term debt	$2.99B	$2.99B	$2.99B	$2.99B	$2.99B	$2.52B	$2.62B	$2.67B	$2.67B	$2.66B	$2.22B	$2.22B
Lease obligations	$36.0M	$36.5M	$37.0M	$34.0M	$34.4M	$34.8M	$35.3M	$32.2M	$32.7M	$33.1M	$33.6M	$34.0M
Other long-term liabilities	$59.8M	$123.1M	$123.1M	$117.3M	$119.1M	$127.2M	$124.8M	$113.5M	$111.0M	$0	$107.7M	$107.5M
Total liabilities	$3.77B	$3.52B	$3.54B	$3.40B	$3.30B	$3.30B	$3.30B	$3.20B	$3.03B	$2.87B	$2.84B	$2.78B
Shareholders' equity
Common stock & paid-in capital	$1.9M	$1.9M	$1.9M	$1.9M	$1.9M	$1.9M	$1.9M	$1.8M	$1.8M	$1.8M	$1.8M	$1.8M
Retained earnings (deficit)	−$1.07B	−$1.05B	−$1.03B	−$1.05B	−$1.03B	−$1.01B	−$1.03B	−$1.01B	−$987.2M	−$979.6M	−$948.7M	−$923.7M
Accumulated other comprehensive income	$18.7M	$14.7M	$11.9M	$15.2M	$18.0M	$24.8M	$35.6M	$25.3M	$53.2M	$56.1M	$49.2M	$75.1M
Minority interest	$78.2M	$78.6M	$75.3M	$74.7M	$75.8M	—	—	—	—	—	—	—
Total shareholders' equity	$3.63B	$3.59B	$3.60B	$3.43B	$3.44B	$3.47B	$3.46B	$3.30B	$3.34B	$3.35B	$3.37B	$3.42B
Key figures
Total debt	$3.48B	$3.23B	$3.29B	$3.14B	$3.08B	$3.07B	$3.06B	$2.96B	$2.83B	$2.69B	$2.66B	$2.58B
Net cash (debt)	−$3.41B	−$3.22B	−$3.28B	−$3.12B	−$3.06B	−$3.06B	−$3.03B	−$2.89B	−$2.80B	−$2.68B	−$2.64B	−$2.57B
Working capital	−$372.6M	−$84.1M	−$250.2M	−$9.0M	$82.8M	−$366.1M	−$289.3M	−$117.4M	−$8.2M	−$312.5M	−$277.3M	−$232.0M
Tangible book value	$3.23B	$3.20B	$3.20B	$3.04B	$3.05B	$3.05B	$3.02B	$2.88B	$2.92B	$2.93B	$2.93B	$2.96B
Book value per share	$18.98	$18.75	$19.11	$18.33	$18.43	$18.56	$18.96	$18.08	$18.36	$18.42	$18.54	$18.88
Shares outstanding	191.3M	191.2M	188.2M	186.8M	186.9M	186.8M	182.4M	182.3M	182.2M	182.0M	182.0M	181.2M
Current ratio	0.48	0.79	0.41	0.97	1.43	0.44	0.48	0.72	0.97	0.42	0.45	0.48
Quick ratio	0.32	0.42	0.41	0.56	0.80	0.23	0.31	0.47	0.64	0.26	0.29	0.29
Debt / equity	0.96	0.90	0.92	0.92	0.89	0.88	0.89	0.90	0.85	0.80	0.79	0.76
Equity / assets	48.6%	49.9%	49.9%	49.7%	50.5%	50.6%	50.6%	50.2%	51.9%	53.2%	53.7%	54.5%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.

STAG financial position

At the end of fiscal 2025 (December 31, 2025), STAG Industrial had total assets of $7.2 billion (up 5.5% from a year earlier), total liabilities of $3.5 billion and shareholders' equity of $3.6 billion. It held $14.9 million in cash and short-term investments against $3.3 billion of debt, net debt of $3.3 billion. Its current ratio was 0.41. In the latest quarter (ended June 30, 2026) total assets were $7.5 billion and equity $3.6 billion.

Related: STAG income statement, STAG cash flow statement, STAG key metrics. See the STAG stock overview for the latest quote and news.

STAG balance sheet FAQ

What are STAG Industrial's total assets?

STAG Industrial reported total assets of $7.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.8 billion a year earlier.

How much debt does STAG Industrial have?

STAG Industrial had $3.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.92.

How much cash does STAG Industrial have?

STAG Industrial held $14.9 million in cash and short-term investments at the end of fiscal 2025; with $3.3 billion of debt that is net debt of $3.3 billion.

What is STAG Industrial's book value?

STAG Industrial's shareholders' equity (book value) was $3.6 billion at the end of fiscal 2025, or $19.11 per share.

What is STAG Industrial's current ratio?

STAG Industrial had current assets of $171.4 million and current liabilities of $421.6 million, a current ratio of 0.41 (current liabilities exceed current assets).

How much goodwill does STAG Industrial have?

STAG Industrial carried $395.0 million of goodwill and intangible assets, 5.5% of total assets, at the end of fiscal 2025.