Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $250M | $301M | $351M | $406M | $483M | $562M | $657M | $708M | $767M | $845M |
| Revenue growth | — | 20.3% | 16.6% | 15.7% | 19.1% | 16.3% | 16.9% | 7.7% | 8.4% | 10.1% |
| Net income | $34.5M | $31.3M | $92.9M | $49.3M | $202M | $192M | $178M | $193M | $189M | $274M |
| Net margin | 13.8% | 10.4% | 26.5% | 12.1% | 41.8% | 34.2% | 27.1% | 27.2% | 24.7% | 32.4% |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $136M | $162M | $198M | $233M | $294M | $336M | $388M | $391M | $460M | $463M |
| Dividends paid | $117M | $141M | $159M | $190M | $224M | $246M | $267M | $268M | $275M | $284M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $12.2M | $24.6M | $7.97M | $9.04M | $15.7M | $19.0M | $25.9M | $20.7M | $36.3M | $14.9M |
| Total assets | $2.19B | $2.68B | $3.10B | $4.16B | $4.69B | $5.83B | $6.18B | $6.28B | $6.83B | $7.21B |
| Total liabilities | $1.12B | $1.27B | $1.43B | $1.80B | $1.92B | $2.44B | $2.73B | $2.84B | $3.30B | $3.54B |
| Long-term debt | $1.04B | $1.17B | $1.33B | $1.65B | $1.70B | $2.22B | $2.50B | $2.62B | $3.03B | $3.25B |
| Shareholders' equity | $1.03B | $1.36B | $1.61B | $2.31B | $2.72B | $3.33B | $3.38B | $3.37B | $3.46B | $3.60B |
| Retained earnings | -$411M | -$517M | -$585M | -$723M | -$742M | -$792M | -$876M | -$949M | -$1.03B | -$1.03B |
| Shares (wtd avg diluted) | 70.9M | 90.0M | 104M | 126M | 149M | 164M | 179M | 181M | 182M | 187M |
Every figure is extracted from STAG Industrial, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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