STAG Industrial, Inc.

For the period ended Dec 31, 2025. Filed Feb 11, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 11, 2026

STAG$37.37-0.2%Stored close · as of Nov 10, 2026

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Contents

Power of Attorney (included on signature page)

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

STAG INDUSTRIAL, INC.
	/s/ William R. Crooker
By:	William R. CrookerPresident and Chief Executive Officer

KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned officers and directors of STAG Industrial, Inc., hereby severally constitute William R. Crooker and Matts S. Pinard, and each of them singly, our true and lawful attorneys with full power to them, and each of them singly, to sign for us and in our names in the capacities indicated below, the Form 10-K filed herewith and any and all amendments to said Form 10-K, and generally to do all such things in our names and in our capacities as officers and directors to enable STAG Industrial, Inc. to comply with the provisions of the Securities Exchange Act of 1934, as amended, and all requirements of the Securities and Exchange Commission, hereby ratifying and confirming our signatures as they may be signed by our said attorneys, or any of them, to said Form 10-K and any and all amendments thereto.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and dates indicated.

William R. Crooker
Date	Signature	Title
February 11, 2026	/s/ William R. Crooker	President, Chief Executive Officer and Director(principal executive officer)
February 11, 2026	/s/ Benjamin S. Butcher	Director
Benjamin S. Butcher
February 11, 2026	/s/ Jit Kee Chin	Director
Jit Kee Chin
February 11, 2026	/s/ Virgis W. Colbert	Director
Virgis W. Colbert
February 11, 2026	/s/ Michelle S. Dilley	Director
Michelle S. Dilley
February 11, 2026	/s/ Jeffrey D. Furber	Director
Jeffrey D. Furber
February 11, 2026	/s/ Larry T. Guillemette	Chairman of the Board
Larry T. Guillemette
February 11, 2026	/s/ Francis X. Jacoby III	Director
Francis X. Jacoby III
February 11, 2026	/s/ Christopher P. Marr	Director
Christopher P. Marr
February 11, 2026	/s/ Hans S. Weger	Director
Hans S. Weger
February 11, 2026	/s/ Vicki Lundy Wilbon	Director
Vicki Lundy Wilbon
February 11, 2026	/s/ Matts S. Pinard	Chief Financial Officer, Executive Vice President and Treasurer (principal financial officer)
Matts S. Pinard
February 11, 2026	/s/ Jaclyn M. Paul	Chief Accounting Officer (principal accounting officer)
Jaclyn M. Paul

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULE

Report of Independent Registered Public Accounting Firm (PCAOB ID 238)	2
Consolidated Balance Sheets as of December 31, 2025 and 2024	4
Consolidated Statements of Operations for the years ended December 31, 2025, 2024 and 2023	5
Consolidated Statements of Comprehensive Income for the years ended December 31, 2025, 2024 and 2023	6
Consolidated Statements of Equity for the years ended December 31, 2025, 2024 and 2023	7
Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023	8
Notes to Consolidated Financial Statements	9
1. Organization and Description of Business	9
2. Summary of Significant Accounting Policies	9
3. Rental Property	16
4. Debt	22
5. Derivative Financial Instruments	26
6. Equity	28
7. Noncontrolling Interest	30
8. Equity Incentive Plan	32
9. Leases	34
10. Earnings Per Share	36
11. Commitments and Contingencies	36
12. Employee Benefit Plans	36
13. Subsequent Events	36
Financial Statement Schedule—Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2025	38

ContentsView on SEC.gov

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