Financial Analysis Report for STAG
Revenue Analysis
Total and Operating Revenue: Over the recent quarters, STAG’s total revenue has shown a gradual increase, moving from $173.268 million in 2023 Q1 to $187.402 million by 2024 Q1. This indicates a steady growth in operational performance.
Gross Profit Margins: Gross profit has also witnessed an enhancement, scaling from $137.672 million in 2023 Q1 to $148.472 million by 2024 Q1. The margin percentage has demonstrated healthy improvement correlating with revenue growth, emphasizing efficient management of production and service delivery costs.
Cost Management
Cost of Revenue: The cost of revenue, escalating from $35.881 million in 2023 Q1 to $39.374 million by 2024 Q1, has paralleled revenue augmentations, indicating stable cost control relative to revenue increment.
Operating Expense: Operating expenses have also shown an upward trend, moving from $81.620 million in 2023 Q1 to $84.379 million in 2024 Q1, which suggests increased operational activities consistent with revenue growth.
Total Expenses: Total expenses cumulatively have risen from $117.501 million in 2023 Q1 to $123.450 million by 2024 Q1, a growth trace parallel with the overall increase in business activities.
Profitability Analysis
EBITDA: EBITDA grew from $142.164 million in 2023 Q1 to $134.301 million by 2024 Q1, although showing a slight decrease in the most recent quarter. This movement may demand cautious evaluation for potential operational inefficiencies.
Operating Income: Operating income notably increased from $56.052 million in 2023 Q1 to $64.093 million by 2024 Q1, expressing effective operational profit management.
Pretax Income: The pretax income also reflected a similar upward trajectory, from $50.608 million in 2023 Q1 to $37.453 million by 2024 Q1, partially showing a decrease potentially influenced by non-operating financial factors.
Net Income: Net income, an imperative bottom-line measure, has adjusted from $49.466 million in 2023 Q1 to $36.627 million in 2024 Q1, pointing to external factors affecting profitability despite revenue and operational income growth.
Cash Flow Indicators
Reconciled Depreciation: There has been a consistent slight increase in reconciled depreciation, indicative of growing asset base through capital investments from $68.815 million in 2023 Q1 to $71.124 million by 2024 Q1.
Interest Expense: Interest expense has stayed relatively stable, demonstrating consistent financing strategies, somewhat showing a modest rise related to possibly increased debt levels from around $22.612 million in 2023 Q1 to $25.421 million by 2024 Q1.
Taxation
Tax Rate and Provisions: The tax rate has seen fluctuations largely consistent with corporate taxation policies and its effects ranging around 21%. Notably, tax effects of unusual items show thoroughly varied impacts reflecting exceptional non-recurring events.
Shareholder Metrics
Earnings Per Share (EPS): Both diluted and basic EPS have shown a consistency at $0.28 in the earliest period, rising to $0.20 by the latest disclosed period, again showing mixed results that could be attributed to broader economic or sector-specific conditions.
Average Shares and Net Income Available to Common Stockholders: Average shares have remained relatively constant with slight variations, and net income available to common stockholders matches closely with the overall reported net income.
Conclusion
This analysis indicates that STAG has managed to grow revenues and gross profit consistently while keeping a parallel escalation in costs. Operating income shows effective efficiency gains, although the net income’s recent dip may necessitate closer scrutiny into taxation, financial leverage and irregular items. Shareholder earnings (EPS) also reflect a cautious narrative that could affect investor sentiment.
Appendices
Detailed data tables and calculations are compiled separately to support each point in this analysis as provided in the primary financial data disclosure.