HIGHBuilt-inProperty_type
industrial properties
“10-K Item 1A: 'all our buildings were industrial properties'”
STAG · Concentration risk · 10-K extracted
Stag Industrial (STAG) concentration risks
Updated
The most significant concentration Stag Industrial discloses is industrial properties, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Stag Industrial’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration is a single, high-share property-type exposure: all buildings in the portfolio were industrial properties. By disclosed size this is a large-share concentration, and its character is structural — the company's entire investment mandate and operating model is defined by industrial real estate, so the concentration reflects deliberate strategic positioning rather than incidental or idiosyncratic dependence on a specific tenant or market. The structural nature of the exposure means the relevant risk is not a specific counterparty withdrawal but rather the macro and secular forces that shape industrial real estate demand: e-commerce penetration, logistics network evolution, manufacturing reshoring trends, supply chain reconfiguration, and broader economic sensitivity that affects warehouse and distribution utilization rates. An industrial-only portfolio eliminates the diversification benefit that a multi-property-type REIT would have, meaning the company's income and asset values move in close alignment with the industrial real estate cycle. No customer, geographic sub-market, or counterparty concentration is disclosed beyond the property-type focus. The absence of named-tenant concentration above a disclosure threshold suggests the rent roll is spread across a meaningful number of tenants and markets within the industrial category, which limits single-name idiosyncratic risk even within the sector concentration. On balance, the disclosed concentration profile is that of a pure-play industrial REIT: large property-type focus, structurally intentional, and primarily exposed to the outlook for industrial real estate demand rather than to any individual tenant relationship.
For the engine’s reasoning on STAG’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Industrial
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| COLD | Americold Realty Trust, Inc. | 2 | 0 | 0 | 2 |
| FR | First Industrial Realty Trust, | 1 | 1 | 1 | 3 |
| STAG● | Stag Industrial, Inc. | 1 | 0 | 0 | 1 |
| EGP | EastGroup Properties, Inc. | 0 | 1 | 2 | 3 |
| CUBE | CubeSmart | 0 | 0 | 4 | 4 |
| EXR | Extra Space Storage Inc | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.