STAG Industrial Inc
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
STAG$37.37-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of March and December 31,
Consolidated Balance Sheets
(unaudited, in thousands, except share data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Rental Property: | ||
| Land | $700,199 | $698,633 |
| Buildings and improvements, net of accumulated depreciation of $967,141 and $921,846, respectively | 4,859,117 | 4,838,522 |
| Deferred leasing intangibles, net of accumulated amortization of $383,967 and $360,094, respectively | 422,153 | 435,722 |
| Total rental property, net | 5,981,469 | 5,972,877 |
| Cash and cash equivalents | 12,423 | 20,741 |
| Restricted cash | 667 | 1,127 |
| Tenant accounts receivable | 128,797 | 128,274 |
| Prepaid expenses and other assets | 84,087 | 80,455 |
| Interest rate swaps | 57,532 | 50,418 |
| Operating lease right-of-use assets | 29,085 | 29,566 |
| Total assets | $6,294,060 | $6,283,458 |
| Liabilities and Equity | ||
| Liabilities: | ||
| Unsecured credit facility | $435,000 | $402,000 |
| Unsecured term loans, net | 1,020,837 | 1,021,773 |
| Unsecured notes, net | 1,195,941 | 1,195,872 |
| Mortgage notes, net | 4,350 | 4,401 |
| Accounts payable, accrued expenses and other liabilities | 80,489 | 83,152 |
| Interest rate swaps | 47 | — |
| Tenant prepaid rent and security deposits | 45,795 | 44,238 |
| Dividends and distributions payable | 22,936 | 22,726 |
| Deferred leasing intangibles, net of accumulated amortization of $28,709 and $26,613, respectively | 32,312 | 29,908 |
| Operating lease liabilities | 33,133 | 33,577 |
| Total liabilities | 2,870,840 | 2,837,647 |
| Commitments and contingencies (Note 11) | ||
| Equity: | ||
| Preferred stock, par value $0.01 per share, 20,000,000 shares authorized at March 31, 2024 and December 31, 2023; none issued or outstanding | — | — |
| Common stock, par value $0.01 per share, 300,000,000 shares authorized at March 31, 2024 and December 31, 2023, 182,074,776 and 181,690,867 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 1,821 | 1,817 |
| Additional paid-in capital | 4,273,183 | 4,272,376 |
| Cumulative dividends in excess of earnings | (979,629) | (948,720) |
| Accumulated other comprehensive income | 56,127 | 49,207 |
| Total stockholders’ equity | 3,351,502 | 3,374,680 |
| Noncontrolling interest | 71,718 | 71,131 |
| Total equity | 3,423,220 | 3,445,811 |
| Total liabilities and equity | $6,294,060 | $6,283,458 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.