STAG Industrial, Inc.
For the period ended Sep 30, 2025. Filed Oct 29, 2025.
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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.
Sep 30, 2025 · Filed Oct 29, 2025
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10. Earnings Per Share
- Earnings Per Share
During the three and nine months ended September 30, 2025 and 2024, there were 112,766,122,137,113,971 and 123,701 of unvested restricted shares of common stock (on a weighted average basis), respectively, that were considered participating securities for the purposes of computing earnings per share.
The following table reconciles the numerators and denominators in the computation of basic and diluted earnings per share of common stock for the three and nine months ended September 30, 2025 and 2024.
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| Earnings Per Share (in thousands, except per share data) | 2025 | 2024 | 2025 | 2024 |
| Numerator | ||||
| Net income attributable to common stockholders | $48,594 | $41,811 | $189,911 | $138,128 |
| Denominator | ||||
| Weighted average common shares outstanding — basic | 186,593 | 182,027 | 186,533 | 181,899 |
| Effect of dilutive securities(1) | ||||
| Share-based compensation | 247 | 207 | 304 | 253 |
| Shares issuable under forward sale agreements | — | 63 | — | 21 |
| Weighted average common shares outstanding — diluted | 186,840 | 182,297 | 186,837 | 182,173 |
| Net income per share — basic and diluted | ||||
| Net income per share attributable to common stockholders — basic | $0.26 | $0.23 | $1.02 | $0.76 |
| Net income per share attributable to common stockholders — diluted | $0.26 | $0.23 | $1.02 | $0.76 |
(1)During the three and nine months ended September 30, 2025 and 2024, there were approximately 113,122,114 and 124 unvested restricted shares of common stock (on a weighted average basis), respectively, that were not included in the computation of diluted earnings per share because the allocation of income under the two-class method was more dilutive.
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