公司概述
STAG Industrial, Inc. operates as a real estate investment trust specializing in the acquisition, development, ownership, and operation of industrial properties located throughout the United States. The company functions within the Real Estate sector and specifically the REIT - Industrial industry, which entails holding income-generating assets primarily used for warehousing and logistics purposes. As of the latest available data, the enterprise holds a market capitalization of $7.41B, reported annual revenue of $845.18M, and employs a workforce of 93 individuals. These valuation and revenue figures indicate that the company commands a significant position within the industrial real estate landscape, supported by a portfolio comprising 601 buildings across 41 states with approximately 120.0 million square feet of space.
财务健康
The company reported a trailing twelve-month revenue of $845.18M, generating net income of $273.35M and an EBITDA of $617.09M during the same period. The substantial gap between the $845.18M in revenue and the $273.35M in net income reveals a cost structure where operating expenses, including property management and depreciation, consume a significant portion of top-line earnings before reaching the bottom line. Free cash flow stood at $324.05M, providing the firm with substantial financial flexibility to fund capital expenditures, acquire new assets, or service its existing debt obligations without immediate reliance on external financing. Profitability is further evidenced by a gross margin of 79.7%, an operating margin of 37.8%, and a profit margin of 32.4%, all of which indicate highly efficient cost control and pricing power typical of mature industrial REITs. However, the balance sheet presents a leveraged profile with total debt of $3.29B significantly outweighing liquid cash holdings of $28.44M, resulting in a debt-to-equity ratio of 89.69%. This high leverage ratio suggests the company utilizes substantial borrowing to finance its asset base, a common strategy in real estate but one that increases sensitivity to interest rate fluctuations. Short-term liquidity is assessed via a current ratio of 1.27, indicating that current assets are 1.27 times greater than current liabilities, which provides a modest but adequate buffer for meeting near-term obligations. Return on equity stands at 7.8% while return on assets is 2.8%, metrics that reveal the effectiveness of management in generating returns relative to the shareholders' capital invested and the total asset base utilized.
估值评估
Valuation multiples for STAG include a trailing twelve-month P/E ratio of 26.01 and a forward P/E of 43.15. The significant disparity between the trailing P/E of 26.01 and the forward P/E of 43.15 implies that the market expects a sharp increase in future earnings relative to current levels, or conversely, that current earnings may be depressed by one-time factors. The price-to-book ratio is recorded at 2.02, indicating that the stock trades at a market premium of 102% over its book value, reflecting investor confidence in the quality of its industrial assets and future cash flow potential. Alternative valuation metrics such as a price-to-sales ratio of 8.77 and an EV/EBITDA of 17.17 suggest that the market values the company at a premium relative to its sales and earnings power, consistent with high-quality industrial REITs. Regarding price action, the 52-week high is $39.98 and the 52-week low is $28.61, with the current price position dependent on the real-time market but historically bounded by this range. The beta value of 1.04 indicates that the stock price volatility is slightly higher than the broader market, moving 4% more than the market average in response to general market swings.
Growth & Income
Growth metrics show a revenue growth rate of 10.8% year-over-year and an earnings growth rate of 57.9% year-over-year. The earnings growth rate of 57.9% is expanding significantly faster than the revenue growth rate of 10.8%, which implies improving operational leverage and potentially lower cost growth relative to revenue expansion. For dividend payers, the company offers a dividend yield of 4.1% with a payout ratio of 102.1%. A payout ratio exceeding 100% indicates that the company is paying out more in dividends than it reports as net income, often due to significant non-cash charges like depreciation, though it requires careful monitoring of cash flow sustainability. The overall growth and income profile is characterized by double-digit revenue expansion, robust earnings acceleration, and a high-yielding dividend structure that returns substantial capital to shareholders alongside capital appreciation potential.