STAG Industrial Inc
NYSE:STAG
Income Statement
Earnings Waterfall
STAG Industrial Inc
Income Statement
STAG Industrial Inc
| Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
13
|
14
|
14
|
15
|
16
|
17
|
17
|
16
|
16
|
17
|
17
|
19
|
20
|
21
|
22
|
23
|
25
|
27
|
31
|
33
|
36
|
39
|
40
|
42
|
43
|
43
|
43
|
43
|
43
|
43
|
44
|
47
|
49
|
50
|
51
|
52
|
55
|
57
|
60
|
62
|
62
|
63
|
63
|
63
|
63
|
65
|
68
|
73
|
78
|
83
|
88
|
91
|
95
|
97
|
102
|
107
|
113
|
120
|
127
|
129
|
132
|
|
| Revenue |
26
N/A
|
27
+3%
|
32
+19%
|
40
+27%
|
50
+24%
|
62
+24%
|
69
+11%
|
74
+9%
|
84
+13%
|
97
+15%
|
109
+13%
|
123
+12%
|
134
+9%
|
144
+7%
|
153
+7%
|
161
+5%
|
174
+8%
|
185
+7%
|
196
+6%
|
210
+7%
|
219
+4%
|
229
+5%
|
236
+3%
|
243
+3%
|
250
+3%
|
259
+3%
|
271
+5%
|
286
+6%
|
301
+5%
|
315
+5%
|
328
+4%
|
339
+3%
|
351
+4%
|
363
+4%
|
375
+3%
|
388
+4%
|
406
+5%
|
429
+6%
|
450
+5%
|
465
+3%
|
483
+4%
|
499
+3%
|
520
+4%
|
545
+5%
|
562
+3%
|
587
+4%
|
610
+4%
|
635
+4%
|
657
+4%
|
672
+2%
|
682
+2%
|
695
+2%
|
708
+2%
|
722
+2%
|
740
+3%
|
751
+2%
|
767
+2%
|
785
+2%
|
803
+2%
|
824
+3%
|
845
+3%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(6)
|
(6)
|
(6)
|
(7)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(15)
|
(18)
|
(21)
|
(24)
|
(27)
|
(30)
|
(31)
|
(33)
|
(36)
|
(37)
|
(40)
|
(43)
|
(45)
|
(47)
|
(47)
|
(49)
|
(50)
|
(51)
|
(56)
|
(58)
|
(62)
|
(64)
|
(66)
|
(69)
|
(71)
|
(71)
|
(72)
|
(74)
|
(76)
|
(80)
|
(82)
|
(88)
|
(93)
|
(98)
|
(104)
|
(106)
|
(111)
|
(114)
|
(117)
|
(123)
|
(127)
|
(131)
|
(136)
|
(137)
|
(140)
|
(145)
|
(149)
|
(152)
|
(157)
|
(160)
|
(164)
|
(169)
|
|
| Gross Profit |
20
N/A
|
21
+6%
|
25
+21%
|
33
+30%
|
41
+23%
|
51
+26%
|
57
+12%
|
63
+10%
|
71
+13%
|
81
+14%
|
91
+12%
|
101
+11%
|
110
+8%
|
117
+6%
|
124
+6%
|
130
+5%
|
140
+8%
|
149
+6%
|
159
+6%
|
169
+6%
|
176
+4%
|
184
+4%
|
189
+3%
|
196
+3%
|
201
+3%
|
209
+4%
|
219
+5%
|
231
+5%
|
243
+5%
|
253
+4%
|
264
+4%
|
273
+3%
|
282
+3%
|
293
+4%
|
303
+4%
|
316
+4%
|
332
+5%
|
353
+6%
|
370
+5%
|
382
+3%
|
396
+3%
|
406
+3%
|
422
+4%
|
441
+5%
|
456
+3%
|
477
+5%
|
496
+4%
|
517
+4%
|
534
+3%
|
544
+2%
|
551
+1%
|
559
+2%
|
571
+2%
|
582
+2%
|
595
+2%
|
603
+1%
|
615
+2%
|
629
+2%
|
644
+2%
|
660
+3%
|
676
+2%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(10)
|
(10)
|
(16)
|
(23)
|
(33)
|
(43)
|
(46)
|
(50)
|
(57)
|
(66)
|
(74)
|
(82)
|
(86)
|
(91)
|
(100)
|
(106)
|
(115)
|
(123)
|
(129)
|
(137)
|
(140)
|
(147)
|
(151)
|
(155)
|
(160)
|
(162)
|
(169)
|
(176)
|
(186)
|
(190)
|
(194)
|
(201)
|
(203)
|
(206)
|
(211)
|
(214)
|
(224)
|
(236)
|
(246)
|
(254)
|
(258)
|
(267)
|
(274)
|
(283)
|
(292)
|
(300)
|
(312)
|
(320)
|
(329)
|
(336)
|
(335)
|
(333)
|
(333)
|
(333)
|
(340)
|
(344)
|
(347)
|
(350)
|
(350)
|
(353)
|
(358)
|
|
| Selling, General & Administrative |
(1)
|
(1)
|
(3)
|
(5)
|
(9)
|
(12)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(18)
|
(19)
|
(23)
|
(24)
|
(26)
|
(28)
|
(28)
|
(28)
|
(29)
|
(32)
|
(33)
|
(34)
|
(33)
|
(31)
|
(31)
|
(32)
|
(33)
|
(33)
|
(33)
|
(34)
|
(34)
|
(35)
|
(36)
|
(36)
|
(37)
|
(39)
|
(39)
|
(40)
|
(42)
|
(44)
|
(47)
|
(51)
|
(50)
|
(50)
|
(50)
|
(48)
|
(49)
|
(50)
|
(50)
|
(50)
|
(50)
|
(50)
|
(50)
|
(51)
|
(52)
|
(52)
|
(53)
|
(54)
|
(55)
|
|
| Depreciation & Amortization |
(9)
|
(9)
|
(13)
|
(17)
|
(24)
|
(31)
|
(34)
|
(36)
|
(42)
|
(49)
|
(56)
|
(63)
|
(68)
|
(72)
|
(77)
|
(81)
|
(88)
|
(94)
|
(101)
|
(107)
|
(110)
|
(114)
|
(117)
|
(120)
|
(125)
|
(130)
|
(136)
|
(142)
|
(151)
|
(155)
|
(160)
|
(166)
|
(168)
|
(170)
|
(174)
|
(176)
|
(186)
|
(196)
|
(205)
|
(212)
|
(215)
|
(220)
|
(224)
|
(229)
|
(239)
|
(248)
|
(260)
|
(270)
|
(275)
|
(277)
|
(276)
|
(276)
|
(278)
|
(281)
|
(288)
|
(290)
|
(293)
|
(296)
|
(295)
|
(298)
|
(302)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(4)
|
(10)
|
(9)
|
(7)
|
(5)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
| Operating Income |
10
N/A
|
11
+10%
|
10
-14%
|
10
+7%
|
7
-30%
|
8
+14%
|
11
+33%
|
13
+17%
|
14
+10%
|
16
+14%
|
17
+9%
|
20
+14%
|
24
+21%
|
25
+7%
|
24
-6%
|
24
+1%
|
26
+6%
|
26
+3%
|
30
+14%
|
33
+9%
|
36
+9%
|
36
+1%
|
39
+7%
|
41
+6%
|
41
+1%
|
47
+14%
|
51
+7%
|
55
+8%
|
57
+5%
|
63
+9%
|
70
+11%
|
72
+3%
|
79
+10%
|
86
+9%
|
92
+7%
|
102
+11%
|
108
+6%
|
116
+8%
|
124
+7%
|
129
+4%
|
137
+7%
|
139
+1%
|
148
+7%
|
158
+7%
|
164
+4%
|
176
+8%
|
184
+4%
|
197
+7%
|
205
+4%
|
209
+2%
|
216
+4%
|
227
+5%
|
238
+5%
|
248
+4%
|
255
+3%
|
259
+2%
|
268
+3%
|
279
+4%
|
294
+5%
|
306
+4%
|
318
+4%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(13)
|
(13)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(19)
|
(20)
|
(21)
|
(22)
|
(23)
|
(25)
|
(28)
|
(31)
|
(33)
|
(36)
|
(39)
|
(40)
|
(42)
|
(43)
|
(43)
|
(43)
|
(43)
|
(43)
|
(43)
|
(44)
|
(47)
|
(49)
|
(50)
|
(51)
|
(52)
|
(55)
|
(57)
|
(60)
|
(61)
|
(62)
|
(63)
|
(63)
|
(62)
|
(63)
|
(65)
|
(68)
|
(73)
|
(78)
|
(83)
|
(88)
|
(91)
|
(95)
|
(97)
|
(102)
|
(107)
|
(113)
|
(120)
|
(126)
|
(129)
|
(132)
|
|
| Non-Reccuring Items |
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(3)
|
(5)
|
(6)
|
(6)
|
(6)
|
(5)
|
(3)
|
(4)
|
(3)
|
(4)
|
(8)
|
(8)
|
(11)
|
(15)
|
(34)
|
(35)
|
(44)
|
(40)
|
(25)
|
(24)
|
(14)
|
(14)
|
(7)
|
(9)
|
(6)
|
(5)
|
(6)
|
(9)
|
(9)
|
(13)
|
(10)
|
(4)
|
(5)
|
(2)
|
(4)
|
(5)
|
(5)
|
(3)
|
(2)
|
(2)
|
(2)
|
(4)
|
(3)
|
0
|
0
|
0
|
0
|
(1)
|
0
|
4
|
6
|
9
|
7
|
2
|
(1)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
3
|
0
|
3
|
2
|
5
|
23
|
26
|
25
|
62
|
44
|
42
|
59
|
24
|
47
|
52
|
37
|
72
|
51
|
45
|
43
|
7
|
53
|
54
|
61
|
136
|
95
|
100
|
114
|
98
|
116
|
110
|
121
|
58
|
54
|
71
|
49
|
54
|
34
|
40
|
28
|
32
|
82
|
65
|
67
|
94
|
|
| Total Other Income |
0
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(3)
N/A
|
(2)
+48%
|
(7)
-313%
|
(6)
+5%
|
(10)
-65%
|
(11)
-9%
|
(7)
+35%
|
(7)
+5%
|
(8)
-11%
|
(7)
+10%
|
(6)
+19%
|
(4)
+28%
|
0
N/A
|
1
+600%
|
(1)
N/A
|
(1)
N/A
|
(5)
-262%
|
(6)
-30%
|
(9)
-41%
|
(14)
-58%
|
(29)
-115%
|
(16)
+47%
|
(20)
-30%
|
(16)
+24%
|
36
N/A
|
25
-30%
|
36
+45%
|
58
+60%
|
32
-44%
|
57
+78%
|
71
+24%
|
58
-18%
|
96
+66%
|
79
-18%
|
78
-1%
|
80
+3%
|
51
-37%
|
108
+114%
|
113
+5%
|
126
+11%
|
207
+64%
|
167
-19%
|
181
+8%
|
207
+14%
|
196
-5%
|
225
+15%
|
225
0%
|
240
+7%
|
182
-24%
|
179
-2%
|
199
+11%
|
185
-7%
|
197
+7%
|
184
-7%
|
192
+4%
|
184
-4%
|
193
+5%
|
249
+29%
|
239
-4%
|
246
+3%
|
279
+13%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
(3)
|
(2)
|
(7)
|
(6)
|
(10)
|
(11)
|
(7)
|
(7)
|
(8)
|
(7)
|
(6)
|
(4)
|
0
|
1
|
(1)
|
(1)
|
(5)
|
(6)
|
(9)
|
(14)
|
(29)
|
(16)
|
(20)
|
(16)
|
36
|
25
|
36
|
58
|
32
|
57
|
71
|
58
|
96
|
79
|
78
|
80
|
51
|
108
|
113
|
126
|
207
|
167
|
181
|
207
|
196
|
225
|
225
|
240
|
182
|
179
|
199
|
185
|
197
|
184
|
192
|
184
|
193
|
249
|
239
|
246
|
279
|
|
| Income to Minority Interest |
0
|
0
|
2
|
3
|
3
|
5
|
4
|
4
|
4
|
3
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
2
|
1
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
(3)
|
(3)
|
(3)
|
(5)
|
(4)
|
(4)
|
(5)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
|
| Net Income (Common) |
(3)
N/A
|
(2)
+31%
|
(5)
-155%
|
(4)
+31%
|
(7)
-103%
|
(9)
-24%
|
(7)
+22%
|
(12)
-71%
|
(13)
-10%
|
(13)
+2%
|
(13)
-2%
|
(10)
+24%
|
(4)
+58%
|
(5)
-14%
|
(8)
-58%
|
(8)
-4%
|
(15)
-89%
|
(17)
-11%
|
(19)
-14%
|
(24)
-24%
|
(39)
-64%
|
(26)
+33%
|
(31)
-22%
|
(28)
+11%
|
20
N/A
|
11
-48%
|
23
+116%
|
45
+98%
|
21
-53%
|
45
+114%
|
56
+23%
|
44
-20%
|
82
+86%
|
67
-19%
|
70
+5%
|
72
+3%
|
44
-39%
|
100
+129%
|
105
+5%
|
118
+12%
|
197
+66%
|
156
-21%
|
171
+10%
|
197
+15%
|
188
-4%
|
220
+17%
|
220
0%
|
235
+7%
|
178
-24%
|
175
-2%
|
194
+11%
|
181
-7%
|
193
+7%
|
180
-7%
|
188
+5%
|
180
-4%
|
189
+5%
|
244
+29%
|
234
-4%
|
241
+3%
|
273
+14%
|
|
| EPS (Diluted) |
-0.14
N/A
|
-0.09
+36%
|
-0.33
-267%
|
-0.22
+33%
|
-0.32
-45%
|
-0.55
-72%
|
-0.19
+65%
|
-0.39
-105%
|
-0.52
-33%
|
-0.3
+42%
|
-0.3
N/A
|
-0.21
+30%
|
-0.09
+57%
|
-0.09
N/A
|
-0.14
-56%
|
-0.1
+29%
|
-0.28
-180%
|
-0.27
+4%
|
-0.29
-7%
|
-0.34
-17%
|
-0.58
-71%
|
-0.39
+33%
|
-0.47
-21%
|
-0.41
+13%
|
0.29
N/A
|
0.11
-62%
|
0.22
+100%
|
0.48
+118%
|
0.23
-52%
|
0.47
+104%
|
0.57
+21%
|
0.41
-28%
|
0.79
+93%
|
0.57
-28%
|
0.55
-4%
|
0.56
+2%
|
0.35
-38%
|
0.67
+91%
|
0.7
+4%
|
0.78
+11%
|
1.32
+69%
|
0.97
-27%
|
1.05
+8%
|
1.2
+14%
|
1.15
-4%
|
1.23
+7%
|
1.22
-1%
|
1.3
+7%
|
1
-23%
|
0.98
-2%
|
1.09
+11%
|
0.99
-9%
|
1.07
+8%
|
1
-7%
|
1.04
+4%
|
0.99
-5%
|
1.04
+5%
|
1.32
+27%
|
1.26
-5%
|
1.29
+2%
|
1.46
+13%
|
|