• Stag Industrial average return on tangible equity for 2023 was 6.25, a 17.65% increase from 2022.
• Stag Industrial average return on tangible equity for 2022 was 7.59, a 3.31% decline from 2021.
• Stag Industrial average return on tangible equity for 2021 was 7.85, a 26% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.