Company profile

STAG stock data

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Calendar

28 Jul 20
24 Oct 20
31 Dec 20

News

Quarter (USD) Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
15 Oct 20 Colbert Virgis Common Stock Grant Aquire A No 31.86 392 12.49K 13,657
15 Oct 20 Dilley Michelle Common Stock Grant Aquire A No 31.86 392 12.49K 4,545
15 Oct 20 Chin Jit Kee Common Stock Grant Aquire A No 31.86 392 12.49K 1,355
15 Oct 20 Furber Jeffrey D. Common Stock Grant Aquire A No 31.86 510 16.25K 43,413
15 Oct 20 Guillemette Larry T Common Stock Grant Aquire A No 31.86 588 18.73K 32,903
93.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 312 286 +9.1%
Opened positions 58 40 +45.0%
Closed positions 32 70 -54.3%
Increased positions 131 115 +13.9%
Reduced positions 87 95 -8.4%
13F shares
Current Prev Q Change
Total value 4.21B 3.05B +37.9%
Total shares 138.83M 135.26M +2.6%
Total puts 223.2K 89.4K +149.7%
Total calls 126.1K 55.8K +126.0%
Total put/call ratio 1.8 1.6 +10.5%
Largest owners
Shares Value Change
Vanguard 21.3M $624.64M +7.2%
BLK BlackRock 15.91M $466.53M -0.8%
STT State Street 6.34M $186.71M +26.0%
IVZ Invesco 6.25M $183.26M +9.6%
Alliancebernstein 5.39M $157.92M -9.3%
Massachusetts Financial Services 5.31M $155.68M +5.2%
Nuveen Asset Management 4.54M $133.21M -35.5%
Earnest Partners 3.94M $115.59M +1.1%
JHG Janus Henderson 3.76M $110.21M +8.1%
NTRS Northern Trust 3.67M $107.61M +0.6%
Largest transactions
Shares Bought/sold Change
Nuveen Asset Management 4.54M -2.5M -35.5%
Vanguard 21.3M +1.43M +7.2%
STT State Street 6.34M +1.31M +26.0%
Wedge Capital Management L L P 2.32M +952.94K +69.8%
Millennium Management 0 -881.35K EXIT
Charles Schwab Investment Management 1.77M +650.21K +58.3%
Kempen Capital Management 641.96K +641.96K NEW
Geode Capital Management 2.71M +614.12K +29.2%
Alliancebernstein 5.39M -552.07K -9.3%
IVZ Invesco 6.25M +546.86K +9.6%

Financial report summary

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Risks
  • Our investments are concentrated in the industrial real estate sector, and we would be adversely affected by an economic downturn in that sector.
  • Adverse economic conditions may adversely affect our operating results and financial condition.
  • Substantial international, national and local government deficits and the weakened financial condition of these governments may adversely affect us.
  • Events or occurrences that affect areas in which our properties are geographically concentrated may impact financial results.
  • We are subject to industry concentrations that make us susceptible to adverse events with respect to certain industries.
  • Default by one or more of our tenants could materially and adversely affect us.
  • If our tenants are unable to obtain financing necessary to continue to operate their businesses and pay us rent, we could be materially and adversely affected.
  • We have owned our properties for a limited time, and we may not be aware of characteristics or deficiencies involving any one or all of them.
  • We face risks associated with system failures through security breaches or cyber-attacks, as well as other significant disruptions of our information technology (“IT”) networks and related systems.
  • We depend on key personnel; the loss of their full service could adversely affect us.
  • Our growth will depend upon future acquisitions of properties, and we may be unable to consummate acquisitions on advantageous terms and acquisitions may not perform as we expect.
  • The cash available for distribution to stockholders may not be sufficient to pay dividends at expected levels, nor can we assure you of our ability to make distributions in the future.
  • Our growth depends on external sources of capital, which are outside of our control and affect our ability to take advantage of strategic opportunities, satisfy debt obligations and make distributions to our stockholders.
  • Our fiduciary duties as sole member of the general partner of our Operating Partnership could create conflicts of interest, which may impede business decisions that could benefit our stockholders.
  • We are subject to financial reporting and other requirements for which our accounting, internal audit and other management systems and resources may not be adequately prepared and we may not be able to accurately report our financial results.
  • Our charter, the partnership agreement of our Operating Partnership and Maryland law contain provisions that may delay or prevent a change of control transaction.
  • Under their employment agreements, our executive officers have the right to terminate their employment and, under certain conditions, receive severance, which may adversely affect us.
  • Compensation awards to our management may not be tied to or correspond with our improved financial results or the stock price, which may adversely affect us.
  • Our board of directors can take many actions without stockholder approval.
  • Our rights and the rights of our stockholders to take action against our directors and officers are limited.
  • The number of shares of our common stock available for future sale, including by our affiliates or investors in our Operating Partnership, could adversely affect the market price of our common stock, and future sales by us of shares of our common stock may be dilutive to existing stockholders.
  • Future offerings of debt securities, which would be senior to our common stock upon liquidation, or equity securities, which would dilute our existing stockholders and may be senior to our common stock for the purposes of distributions, may adversely affect the market price of our securities.
  • The market price and trading volume of our common stock may be volatile.
  • Our performance and value are subject to general economic conditions and risks associated with our real estate assets.
  • Actions by our competitors may decrease or prevent increases in the occupancy and rental rates of our properties.
  • A significant portion of our properties have leases that expire in the next three years and we may be unable to renew leases, lease vacant space or re-lease space as leases expire.
  • We may be unable to lease vacant space or renew leases or re-lease on favorable terms.
  • We may not have funding for future tenant improvements.
  • Bankruptcy laws will limit our remedies if a tenant becomes bankrupt and rejects the lease and we may be unable to collect balances due on our leases.
  • Real estate investments are not as liquid as other types of investments.
  • Acquired properties may be located in new markets where we may face risks associated with investing in an unfamiliar market.
  • Uninsured losses relating to real property may adversely affect your returns.
  • Environmentally hazardous conditions may adversely affect our operating results.
  • We are exposed to the potential impacts of future climate change and climate-change related risks.
  • Compliance or failure to comply with the ADA and other similar regulations could result in substantial costs.
  • Some of our properties are subject to ground leases that expose us to the loss of such property upon breach or termination of the ground lease and may limit our ability to sell the property.
  • If we sell properties and provide financing to purchasers, defaults by the purchasers would adversely affect our cash flows.
  • Our operating results and financial condition could be adversely affected if we are unable to make required payments on our debt.
  • Increases in interest rates could increase the amount of our debt payments and adversely affect our ability to make distributions to our stockholders.
  • Covenants in our unsecured credit facility, unsecured term loans, unsecured notes, mortgage notes, and any future debt instruments could limit our flexibility, prevent us from paying distributions, and adversely affect our financial condition or our status as a REIT.
  • Financing arrangements involving balloon payment obligations may adversely affect us.
  • If mortgage debt or unsecured debt is unavailable at reasonable rates, we may not be able to finance the purchase of our properties or refinance our debt.
  • Our hedging strategies may not be successful in mitigating our risks associated with interest rates.
  • Adverse changes in our credit ratings could negatively affect our financing activity.
  • Failure to qualify as a REIT would reduce our net earnings available for investment or distribution.
  • Even if we maintain our qualification as a REIT for federal income tax purposes, we may be subject to other tax liabilities that reduce our cash flow and our ability to make distributions to our stockholders.
  • REIT distribution requirements could adversely affect our ability to execute our business plan.
  • To maintain our REIT status, we may be forced to forego otherwise attractive opportunities, which may delay or hinder our ability to meet our investment objectives and reduce our stockholders’ overall return.
  • Re-characterization of sale‑leaseback transactions may cause us to lose our REIT status.
  • The prohibited transactions tax may limit our ability to engage in transactions, including dispositions of assets that would be treated as sales for federal income tax purposes.
  • We may be subject to adverse legislative or regulatory tax changes.
Management Discussion
  • We define same store properties as properties that were in the Operating Portfolio for the entirety of the comparative periods presented. Same Store excludes termination fees, solar income, and revenue associated with one-time tenant reimbursements of capital expenditures. Same store properties exclude Operating Portfolio properties with expansions placed into service after December 31, 2018. On June 30, 2020, we owned 368 industrial buildings consisting of approximately 73.4 million square feet, which represents approximately 79.9% of our total portfolio, that are considered our same store portfolio in the analysis below. Same store occupancy increased approximately 1.0% to 97.2% as of June 30, 2020 compared to 96.2% as of June 30, 2019.
Content analysis ?
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H.S. senior Avg
New words: accordion, announced, bore, Bureau, conversion, defunct, domain, eminent, Fargo, involuntary, parcel, redundancy, repurposing, Research, resilience, reversal, reversed, served, situation
Removed: expansion, redeemed