Real Estate
STAG Industrial, Inc. (STAG)
Data as of July 16, 2026
Environment story
STAG Industrial, a Maryland-based REIT focused on industrial real estate, discloses minimal direct environmental commitments or quantified emissions metrics. The 10-K acknowledges climate change risks, including extreme weather exposure, energy efficiency compliance costs, and potential insurance-cost increases, but provides no Scope 1, 2, or 3 emissions data or net-zero targets. Environmental risk disclosure is limited to general climate change impacts on operations and properties; the company recognizes potential liability for hazardous materials on properties (asbestos, underground storage tanks) but does not detail remediation spending or controversies. STAG has not announced a verified net-zero commitment or decarbonization roadmap. The absence of quantified emissions and credible climate targets results in substantial point deductions under the deterministic rubric.
Criticisms on file
No material criticisms on file for this pillar.
Disclosed initiatives
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Climate Change Risk Disclosure10-K acknowledges exposure to climate-related risks including extreme weather, shifts in supply chains, stricter energy efficiency standards, and increases in insurance and energy costs.Risk mitigation framing only; no operational carbon-reduction plan disclosed.
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Environmental Compliance & Property Due DiligenceCompany conducts Phase I environmental site assessments prior to property acquisition; discloses potential liability for asbestos-containing materials, underground storage tanks, and contamination from prior tenants.Reactive compliance; does not constitute proactive decarbonization.
Social story
STAG Industrial's 10-K and MD&A contain minimal disclosure on workforce diversity, CEO-to-worker pay ratios, labor relations, or supply-chain human-rights audits. No EEO-1 data, diversity percentages, gender/racial pay gaps, or union-standing statements are provided. The company does not disclose executive compensation ratios relative to median worker pay. No union-suppression or major labor disputes are documented in the source material. The company emphasizes recruitment and retention of skilled personnel but does not articulate formal DEI programs or supplier diversity commitments. Absence of disclosed labor controversies and minimal evidence of active union opposition prevent severe deductions, but lack of transparency on workforce demographics and compensation equity results in a moderate social score.
Criticisms on file
No material criticisms on file for this pillar.
Disclosed initiatives
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Key Personnel RetentionCompany acknowledges dependence on key executive and managerial personnel and competitive employment market for skilled staff; does not disclose key-man insurance or formal retention programs.Acknowledges talent risk but lacks documented commitment to structured DEI or workforce development.
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Compensation Committee OversightCompensation committee has discretion in structuring executive compensation; no performance-based compensation targets or pay-equity frameworks disclosed.Governance structure exists but transparency on pay alignment and equity is absent.
Governance story
STAG Industrial maintains standard corporate governance structures with board oversight, but the 10-K discloses material governance provisions that limit shareholder remedies and create anti-takeover protections. Bylaws contain exclusive-forum provisions restricting stockholder litigation to Maryland courts or federal courts, limiting shareholder recourse. The charter imposes a 9.8% ownership limit that may prevent changes of control benefiting stockholders. The board retains broad authority to modify investment policy, issue preferred stock, and take major corporate actions without stockholder approval, subject only to REIT compliance requirements. No dual-class voting structure is disclosed. Board independence percentage is not explicitly stated in source documents. Lobbying expenditures and PAC contributions are not disclosed. No material antitrust, consumer-protection, or financial-fraud regulatory proceedings are documented in the 10-K. Absence of disclosed governance controversies and absence of dual-class structure mitigate deductions, but exclusive-forum bylaws and broad board authority without transparency on independence reduce the governance score.
Criticisms on file
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Exclusive Forum Provision in BylawsSource: STAG 10-K, Item 1A Risk Factors, 'Certain provisions of our governing documents and Maryland law may delay or prevent a transaction or a change of control...'
Disclosed initiatives
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Financial Covenant ComplianceCompany maintains compliance with leverage ratios (max 0.60:1.00 consolidated leverage), interest coverage ratios (min 1.50:1.00 to 1.75:1.00), and secured leverage limits as of December 31, 2025.Demonstrates financial discipline and lender oversight; covenant compliance is table-stake governance.
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Director and Officer IndemnificationCharter eliminates director/officer liability for monetary damages except for improper benefit/profit or deliberate dishonesty; bylaws require indemnification to maximum extent under Maryland law.Limits shareholder recovery in director misconduct; reduces accountability.
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Board Authority Over Strategic DecisionsBoard retains sole discretion to change investment, financing, borrowing, distribution, and debt strategies without stockholder approval; may issue preferred stock and classify/reclassify shares.Concentrates power in board; reduces shareholder control over major corporate decisions.
These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of STAG Industrial, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open STAG Industrial, Inc. in the app for interactive charts and portfolio building.
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