STAG vs. FR

Last updated Jun 5, 2026

STAG (STAG Industrial, Inc.) and FR (First Industrial Realty Trust, Inc.) are both stocks. Both operate in the REIT - Industrial industry within the Real Estate sector. Over the past 10 years, STAG returned 10.29%/yr vs 12.43%/yr for FR. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

STAG vs. FR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in STAG Industrial, Inc. (STAG) and First Industrial Realty Trust, Inc. (FR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STAG achieves a 1.77% return, which is significantly lower than FR's 8.65% return. Over the past 10 years, STAG has underperformed FR with an annualized return of 10.29%, while FR has yielded a comparatively higher 12.43% annualized return.

STAG

• 1D: 1.34%
• 1M: -2.73%
• YTD: 1.77%
• 6M: -3.43%
• 1Y: 5.82%
• 3Y*: 5.56%
• 5Y*: 4.15%
• 10Y*: 10.29%

FR

• 1D: 2.12%
• 1M: -0.08%
• YTD: 8.65%
• 6M: 10.45%
• 1Y: 31.04%
• 3Y*: 8.67%
• 5Y*: 6.34%
• 10Y*: 12.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STAG vs. FR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STAG STAG Industrial, Inc.	1.77%	13.30%	-10.34%	26.73%	-29.66%	59.10%	4.18%	33.20%	-3.81%	20.68%
FR First Industrial Realty Trust, Inc.	8.65%	18.17%	-2.01%	11.91%	-25.37%	60.33%	4.24%	47.37%	-5.61%	15.50%

Correlation

The correlation between STAG and FR is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 18, 2011	0.72

The correlation between STAG and FR has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.

Fundamentals

EPS STAG : $1.30 FR : $3.57
PE Ratio STAG : 28.56 FR : 17.26
PS Ratio STAG : 8.07 FR : 8.23
Total Revenue (TTM) STAG : $863.82M FR : $744.49M
Gross Profit (TTM) STAG : $356.54M FR : $450.27M
EBITDA (TTM) STAG : $598.36M FR : $506.99M

Return for Risk

STAG vs. FR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STAG

STAG Risk / Return Rank: 50
STAG Sharpe Ratio Rank: 52
STAG Sortino Ratio Rank: 44
STAG Omega Ratio Rank: 43
STAG Calmar Ratio Rank: 56
STAG Martin Ratio Rank: 57

FR

FR Risk / Return Rank: 81
FR Sharpe Ratio Rank: 83
FR Sortino Ratio Rank: 80
FR Omega Ratio Rank: 76
FR Calmar Ratio Rank: 83
FR Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STAG vs. FR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STAG Industrial, Inc. (STAG) and First Industrial Realty Trust, Inc. (FR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	STAG	FR	Difference
Sharpe ratio: Return per unit of total volatility	0.30	1.59	-1.28
Sortino ratio: Return per unit of downside risk	0.56	2.28	-1.72
Omega ratio: Gain probability vs. loss probability	1.07	1.27	-0.20
Calmar ratio: Return relative to maximum drawdown	0.62	3.05	-2.43
Martin ratio: Return relative to average drawdown	1.52	9.64	-8.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STAG vs. FR - Sharpe Ratio Comparison

The current STAG Sharpe Ratio is 0.30, which is lower than the FR Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of STAG and FR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	STAG	FR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	1.59	-1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.28	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.51	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.20	+0.31

Drawdowns

STAG vs. FR - Drawdown Comparison

The maximum STAG drawdown since its inception was -45.08%, smaller than the maximum FR drawdown of -95.42%. Use the drawdown chart below to compare losses from any high point for STAG and FR.

Drawdown Indicators

	STAG	FR	Difference
Max Drawdown Largest peak-to-trough decline	-45.08%	-95.42%	+50.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-10.24%	+0.80%
Max Drawdown (3Y) Largest decline over 3 years	-24.59%	-25.42%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-42.22%	-35.95%	-6.27%
Max Drawdown (10Y) Largest decline over 10 years	-45.08%	-41.12%	-3.96%
Current Drawdown Current decline from peak	-7.84%	-4.22%	-3.62%
Average Drawdown Average peak-to-trough decline	-10.51%	-25.36%	+14.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	3.23%	+0.61%

Volatility

STAG vs. FR - Volatility Comparison

The current volatility for STAG Industrial, Inc. (STAG) is 5.00%, while First Industrial Realty Trust, Inc. (FR) has a volatility of 5.82%. This indicates that STAG experiences smaller price fluctuations and is considered to be less risky than FR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STAG	FR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	5.82%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	13.73%	13.79%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	19.40%	19.71%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.42%	22.83%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.16%	24.36%	+1.80%

Dividends

STAG vs. FR - Dividend Comparison

STAG's dividend yield for the trailing twelve months is around 3.40%, more than FR's 2.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FR First Industrial Realty Trust, Inc.	2.98%	3.11%	2.95%	2.43%	2.45%	1.63%	2.37%	2.22%	3.01%	2.67%	2.71%	2.30%
STAG STAG Industrial, Inc.	3.40%	4.05%	4.38%	3.74%	4.52%	3.02%	4.60%	4.53%	5.71%	5.14%	5.82%	7.40%

Financials

STAG vs. FR - Profitability Comparison

The chart below illustrates the profitability comparison between STAG Industrial, Inc. and First Industrial Realty Trust, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

STAG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, STAG Industrial, Inc. reported a gross profit of 0.00 and revenue of 224.21M. Therefore, the gross margin over that period was 0.0%.

FR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Industrial Realty Trust, Inc. reported a gross profit of 141.21M and revenue of 194.83M. Therefore, the gross margin over that period was 72.5%.

STAG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, STAG Industrial, Inc. reported an operating income of 1.32M and revenue of 224.21M, resulting in an operating margin of 0.6%.

FR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Industrial Realty Trust, Inc. reported an operating income of 118.24M and revenue of 194.83M, resulting in an operating margin of 60.7%.

STAG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, STAG Industrial, Inc. reported a net income of 61.96M and revenue of 224.21M, resulting in a net margin of 27.6%.

FR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Industrial Realty Trust, Inc. reported a net income of 155.84M and revenue of 194.83M, resulting in a net margin of 80.0%.

Frequently Asked Questions

Can I hold both STAG and FR in my portfolio?

STAG and FR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STAG or FR?

FR has higher volatility (5.82%) compared to STAG (5.00%). In terms of maximum drawdown, STAG dropped -45.08% vs FR's -95.42%.

Which has better risk-adjusted returns?

FR currently has the higher Sharpe Ratio (1.59 vs 0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.