← Back to Screener
ScreenerNewsCompareWatchlist
VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesNewsCompareWatchlist
AnalyzeValuationTotal ReturnDCA CalculatorInsider Activity

TRNO logoTerreno Realty Corporation(TRNO)Earnings, Financials & Key Ratios

TRNO•NYSE•REIT / Real Estate
$65.00
$6.74B mkt cap·16.6× P/E·Price updated May 6, 2026
SectorReal EstateIndustryIndustrial REITsSub-IndustryIndustrial Logistics Warehouse REITs
About{Terreno Realty Corporation and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited. As of September 30, 2020, the Company owned 219 buildings aggregating approximately 13.1 million square feet, 22 improved land parcels consisting of approximately 85.0 acres and one property under redevelopment expected to contain approximately 0.2 million square feet upon completion. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.}Show more
  • Revenue$476M+24.5%
  • FFO$525M+88.4%
  • FFO/Share5.11+75.8%
  • FFO Payout38.87%-38.2%
  • FFO per Share5.11+75.8%
  • NOI Margin50.32%-32.3%
  • FFO Margin110.12%+51.3%
  • ROE10.32%+84.0%
  • ROA7.93%+86.5%
  • Debt/Assets21.94%+27.1%
  • Net Debt/EBITDA3.69+10.8%
  • Book Value/Share40.36+5.6%
Technical→

TRNO Key Insights

Terreno Realty Corporation (TRNO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 38.2%
  • ✓FFO growing 88.2% TTM
  • ✓Sustainable FFO payout ratio of 38.9%
  • ✓15 consecutive years of dividend growth
  • ✓Healthy dividend yield of 3.1%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

TRNO Price & Volume

Terreno Realty Corporation (TRNO) stock price & volume — 10-year historical chart

Loading chart...

TRNO Growth Metrics

Terreno Realty Corporation (TRNO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years17.39%
5 Years20.58%
3 Years19.92%
TTM24.51%

Profit CAGR

10 Years39.34%
5 Years38.25%
3 Years26.73%
TTM118.03%

EPS CAGR

10 Years31.17%
5 Years35.44%
3 Years14.52%
TTM104.74%

Return on Capital

10 Years4.23%
5 Years3.75%
3 Years3.82%
Last Year4.05%

TRNO Recent Earnings

Terreno Realty Corporation (TRNO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 9/12 qtrs (75%)
Q1 2026Latest
Feb 4, 2026
EPS
$0.83
Est $0.85
-2.4%
Revenue
$137M
Est $132M
+4.0%
Q4 2025
Nov 5, 2025
EPS
$0.67
Est $0.65
+3.1%
Revenue
$116M
Est $115M
+1.4%
Q3 2025
Aug 6, 2025
EPS
$0.64
Est $0.65
-1.5%
Revenue
$112M
Est $115M
-2.7%
Q2 2025
May 7, 2025
EPS
$0.62
Est $0.63
-1.6%
Revenue
$110M
Est $108M
+2.1%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 4, 2026
$0.83vs $0.85-2.4%
$137Mvs $132M+4.0%
Q4 2025Nov 5, 2025
$0.67vs $0.65+3.1%
$116Mvs $115M+1.4%
Q3 2025Aug 6, 2025
$0.64vs $0.65-1.5%
$112Mvs $115M-2.7%
Q2 2025May 7, 2025
$0.62vs $0.63-1.6%
$110Mvs $108M+2.1%
Based on last 12 quarters of dataView full earnings history →

TRNO Peer Comparison

Terreno Realty Corporation (TRNO) competitors in Industrial Logistics Warehouse REITs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PLD logoPLDPrologis, Inc.Direct Competitor130.26B140.2734.982.22%36.7%5.61%3.77%0.54
EGP logoEGPEastGroup Properties, Inc.Direct Competitor10.77B200.4041.1512.97%39.7%8.37%3.76%0.50
REXR logoREXRRexford Industrial Realty, Inc.Direct Competitor8.44B35.5541.347.13%21.29%2.34%2.47%0.40
FR logoFRFirst Industrial Realty Trust, Inc.Direct Competitor8.18B61.7333.018.58%45.99%12.35%1.4%0.93
STAG logoSTAGSTAG Industrial, Inc.Direct Competitor7.28B38.0526.0610.14%28.26%6.8%5.52%0.90
ILPT logoILPTIndustrial Logistics Properties TrustProduct Competitor496.66M7.45-7.451.48%-11.93%-5.93%12.22%4.69
PLYM logoPLYMPlymouth Industrial REIT, Inc.Product Competitor979.23M21.987.11-0.75%48.46%16.78%9.81%1.10
AMZN logoAMZNAmazon.com, Inc.Supply Chain2.94T273.5238.1512.38%12.22%23.34%0.26%0.37

Compare TRNO vs Peers

Terreno Realty Corporation (TRNO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PLD

Most directly comparable listed peer for TRNO.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare TRNO against a more recognizable public peer.

Peer Set

Compare Top 5

vs PLD, EGP, REXR, FR

TRNO Income Statement

Terreno Realty Corporation (TRNO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue132.48M151.66M171.02M186.88M221.93M276.21M323.59M382.62M476.38M
Revenue Growth %22.2%14.47%12.77%9.27%18.75%24.46%17.15%18.24%24.51%
Property Operating Expenses35.87M39.99M44.2M49.1M56.25M68.9M79.08M98.09M236.68M
Net Operating Income (NOI)
96.61M▲ 0%
111.67M▲ 15.6%
126.82M▲ 13.6%
137.79M▲ 8.6%
165.68M▲ 20.2%
207.31M▲ 25.1%
244.5M▲ 17.9%
284.53M▲ 16.4%
239.7M▼ 15.8%
NOI Margin %72.92%73.63%74.15%73.73%74.66%75.05%75.56%74.36%50.32%
Operating Expenses57.55M62.32M23.92M23.49M77.65M96.95M111.15M136.5M115.1M
G&A Expenses19.68M21.5M23.92M23.49M26.96M31.19M37.94M42.59M47.27M
EBITDA163.31M183.93M142.23M154.75M138.72M176.12M206.57M241.94M313.67M
EBITDA Margin %123.27%121.28%83.16%82.81%62.51%63.76%63.84%63.23%65.84%
Depreciation & Amortization93.44M102.43M39.33M40.45M50.69M65.76M73.22M93.92M121.58M
D&A / Revenue %70.53%67.54%23%21.65%22.84%23.81%22.63%24.55%25.52%
Operating Income
69.87M▲ 0%
81.5M▲ 16.6%
102.9M▲ 26.3%
114.3M▲ 11.1%
88.03M▼ 23.0%
110.35M▲ 25.4%
133.35M▲ 20.8%
148.03M▲ 11.0%
192.09M▲ 29.8%
Operating Margin %52.74%53.74%60.17%61.16%39.67%39.95%41.21%38.69%40.32%
Interest Expense16.78M18.21M16.34M16M18.05M23.85M24.8M20.92M-32.86M
Interest Coverage4.16x4.48x6.30x7.15x4.88x4.63x5.38x7.08x-
Non-Operating Income7.06M8.67M44.02M45.88M-17.28M-111.51M-42.9M-57.39M0
Pretax Income
53.09M▲ 0%
63.29M▲ 19.2%
55.52M▼ 12.3%
79.8M▲ 43.7%
87.25M▲ 9.3%
198.01M▲ 126.9%
151.46M▼ 23.5%
184.5M▲ 21.8%
402.99M▲ 118.4%
Pretax Margin %40.08%41.73%32.46%42.7%39.32%71.69%46.81%48.22%84.59%
Income Tax16.78M18.21M0000000
Effective Tax Rate %31.6%28.77%0%0%0%0%0%0%0%
Net Income
53.09M▲ 0%
63.29M▲ 19.2%
55.52M▼ 12.3%
79.8M▲ 43.7%
87.25M▲ 9.3%
198.01M▲ 126.9%
151.46M▼ 23.5%
184.5M▲ 21.8%
402.99M▲ 118.4%
Net Margin %40.08%41.73%32.46%42.7%39.32%71.69%46.81%48.22%84.59%
Net Income Growth %251.2%19.2%-12.28%43.73%9.35%126.94%-23.51%21.81%118.43%
Funds From Operations (FFO)
146.53M▲ 0%
165.72M▲ 13.1%
94.85M▼ 42.8%
120.25M▲ 26.8%
137.94M▲ 14.7%
263.78M▲ 91.2%
224.68M▼ 14.8%
278.41M▲ 23.9%
524.57M▲ 88.4%
FFO Margin %110.6%109.27%55.46%64.34%62.16%95.5%69.43%72.76%110.12%
FFO Growth %43.25%13.1%-42.77%26.78%14.71%91.22%-14.82%23.92%88.42%
FFO per Share2.852.881.471.761.953.492.692.905.11
FFO Payout Ratio %28.57%31.04%67.02%62.19%61.35%40.72%60.47%62.85%38.87%
EPS (Diluted)
0.95▲ 0%
1.10▲ 15.8%
0.53▼ 51.8%
0.86▲ 62.3%
0.87▲ 1.2%
2.61▲ 200.0%
1.81▼ 30.7%
1.92▲ 6.1%
3.92▲ 104.2%
EPS Growth %265.38%15.79%-51.82%62.26%1.16%200%-30.65%6.08%104.17%
EPS (Basic)0.951.100.540.860.872.611.811.923.93
Diluted Shares Outstanding51.36M57.49M64.72M68.17M70.79M75.59M83.37M95.84M102.72M

TRNO Balance Sheet

Terreno Realty Corporation (TRNO) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets1.57B1.8B2.11B2.14B2.92B3.16B3.9B4.77B5.39B
Asset Growth %22.59%14.58%17.36%1.49%36.66%8.22%23.39%22.17%12.95%
Real Estate & Other Assets1.45B1.63B1.89B1.94B12.45M13.81M18.98M-25.46M0
PP&E (Net)1.47B1.65B002.63B3.04B3.52B4.56B0
Investment Securities30K26K0000000
Total Current Assets42.8M88.97M128.6M107.84M244M75.48M222.34M24.61M25.02M
Cash & Equivalents35.71M31M110.08M107.18M204.4M26.39M165.4M18.07M25.59M
Receivables1000K1000K1000K01000K1000K1000K1000K1000K
Other Current Assets7.09M3.48M2.66M656K397K1.69M836K-56.36M-74.57M
Intangible Assets76.03M79.27M88.59M88.86M38.15M36.77M147.33M208.47M223.55M
Total Liabilities540.38M548.71M591.34M551.64M866.25M934.59M990.05M1.11B1.24B
Total Debt461.68M462.1M491.57M459.12M720.67M770.82M771.56M823.44M1.18B
Net Debt425.97M431.09M381.49M351.94M516.27M744.42M606.16M805.37M1.16B
Long-Term Debt461.68M462.1M491.57M459.12M720.67M770.82M771.56M741.44M1.01B
Short-Term Borrowings000000082M50M
Capital Lease Obligations00000000119.44M
Total Current Liabilities45.27M70.58M57.49M54.04M70.64M80.44M100.83M210.09M473.42M
Accounts Payable21.27M24.89M27.7M26.69M45.02M49.69M61.78M79.22M0
Deferred Revenue-247.96M548.71M0000000
Other Liabilities-169.26M-161.65M42.28M38.48M74.94M83.33M117.65M156.3M-1.13B
Total Equity
1.47B▲ 0%
1.7B▲ 15.6%
1.52B▼ 10.7%
1.59B▲ 4.7%
2.06B▲ 29.6%
2.23B▲ 8.4%
2.91B▲ 30.7%
3.66B▲ 25.7%
4.15B▲ 13.2%
Equity Growth %21.17%15.64%-10.68%4.68%29.58%8.35%30.71%25.65%13.21%
Shareholders Equity1.03B1.25B1.52B1.59B2.06B2.23B2.91B3.66B4.15B
Minority Interest441.24M450.71M0000000
Common Stock553K610K673K686K752K765K876K994K1.04M
Additional Paid-in Capital1.02B1.23B1.51B1.59B2.07B2.17B2.85B3.6B3.89B
Retained Earnings4.8M14.19M2.62M5.93M2.8M88.27M95.58M95.29M289.12M
Preferred Stock4.8M14.19M0000000
Return on Assets (ROA)3.73%3.76%2.84%3.76%3.45%6.5%4.29%4.25%7.93%
Return on Equity (ROE)3.96%4%3.45%5.14%4.79%9.24%5.89%5.61%10.32%
Debt / Assets29.45%25.72%23.31%21.46%24.64%24.36%19.76%17.26%21.94%
Debt / Equity0.31x0.27x0.32x0.29x0.35x0.35x0.26x0.22x0.29x
Net Debt / EBITDA2.61x2.34x2.68x2.27x3.72x4.23x2.93x3.33x3.69x
Book Value per Share28.6029.5523.4423.3029.0729.5034.9638.2140.36

TRNO Cash Flow Statement

Terreno Realty Corporation (TRNO) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations69.5M77.6M94.69M101.05M132.21M143.21M179.68M232.69M271.86M
Operating CF Growth %41.14%11.66%22.02%6.72%30.83%8.32%25.46%29.5%16.84%
Operating CF / Revenue %52.46%51.17%55.37%54.07%59.57%51.85%55.53%60.81%57.07%
Net Income53.09M63.29M55.52M79.8M87.25M198.01M151.46M184.5M402.99M
Depreciation & Amortization35.71M37.12M39.33M40.45M43M49.49M59.3M76.63M92.28M
Stock-Based Compensation8.73M9.27M10.64M9.83M9.55M10.17M13.47M14.93M17.72M
Other Non-Cash Items-33.12M-31.02M-10.77M-25.79M-23.98M-120.15M-45.08M-52.92M-250.44M
Working Capital Changes5.08M-1.06M-37K-3.23M16.37M5.68M537K9.55M9.31M
Cash from Investing-249.12M-234.96M-251.48M-52.09M-666.44M-337.66M-570.39M-915.48M-452.39M
Acquisitions (Net)00000000693.63M
Purchase of Investments-297.11M-221.81M-238.66M-98.09M-644.96M-433.2M-590.41M-940.94M-763.6M
Sale of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Investing0-54.1M015.91M0000-455.2M
Cash from Financing203.94M149.04M235.05M-53.87M631.2M17.73M528.86M534.91M187.76M
Dividends Paid-43.87M-51.45M-63.56M-74.78M-84.63M-107.41M-135.85M-174.97M-203.89M
Common Dividends-41.87M-51.45M-63.56M-74.78M-84.63M-107.41M-135.85M-174.97M0
Debt Issuance (Net)1000K-201K1000K-1000K1000K1000K0-1000K1000K
Share Repurchases-49.44M-3.87M-3.96M-9.84M-582K-1.04M-1.51M-3.34M-3.29M
Other Financing-872K-1.37M-943K0-4.03M-1.5M0-5.8M0
Net Change in Cash
24.32M▲ 0%
-8.32M▼ 134.2%
78.26M▲ 1040.5%
-4.9M▼ 106.3%
96.97M▲ 2077.7%
-176.72M▼ 282.2%
138.15M▲ 178.2%
-147.88M▼ 207.0%
7.24M▲ 104.9%
Exchange Rate Effect000000000
Cash at Beginning18.48M42.8M34.48M112.74M107.84M204.8M28.08M166.24M18.35M
Cash at End42.8M34.48M112.74M107.84M204.8M28.08M166.24M18.35M25.59M
Free Cash Flow
42.09M▲ 0%
48.62M▲ 15.5%
62.62M▲ 28.8%
69.44M▲ 10.9%
80.92M▲ 16.5%
76.6M▼ 5.3%
126.62M▲ 65.3%
186.25M▲ 47.1%
208.46M▲ 11.9%
FCF Growth %88.72%15.51%28.79%10.89%16.53%-5.34%65.31%47.09%11.92%
FCF / Revenue %31.77%32.06%36.61%37.16%36.46%27.73%39.13%48.68%43.76%

TRNO Key Ratios

Terreno Realty Corporation (TRNO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
FFO per Share2.292.852.881.471.761.953.492.692.95.11
FFO Payout Ratio32.44%28.57%31.04%67.02%62.19%61.35%40.72%60.47%62.85%38.87%
NOI Margin72.03%72.92%73.63%74.15%73.73%74.66%75.05%75.56%74.36%50.32%
Net Debt / EBITDA3.48x2.61x2.34x2.68x2.27x3.72x4.23x2.93x3.33x3.69x
Debt / Assets32.47%29.45%25.72%23.31%21.46%24.64%24.36%19.76%17.26%21.94%
Interest Coverage2.16x4.16x4.48x6.30x7.15x4.88x4.63x5.38x7.08x-
Book Value / Share27.128.629.5523.4423.329.0729.534.9638.2140.36
Revenue Growth13.06%22.2%14.47%12.77%9.27%18.75%24.46%17.15%18.24%24.51%

TRNO SEC Filings & Documents

Terreno Realty Corporation (TRNO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Feb 17, 2026·SEC

Material company update

Jan 8, 2026·SEC

Material company update

Nov 5, 2025·SEC

10-K Annual Reports

5
FY 2026

Feb 4, 2026·SEC

FY 2025

Feb 5, 2025·SEC

FY 2024

Feb 7, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

TRNO Frequently Asked Questions

Terreno Realty Corporation (TRNO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Terreno Realty Corporation (TRNO) reported $476.4M in revenue for fiscal year 2025. This represents a 11718% increase from $4.0M in 2010.

Terreno Realty Corporation (TRNO) grew revenue by 24.5% over the past year. This is strong growth.

Yes, Terreno Realty Corporation (TRNO) is profitable, generating $402.3M in net income for fiscal year 2025 (84.6% net margin).

Dividend & Returns

Yes, Terreno Realty Corporation (TRNO) pays a dividend with a yield of 3.05%. This makes it attractive for income-focused investors.

Terreno Realty Corporation (TRNO) has a return on equity (ROE) of 10.3%. This is reasonable for most industries.

Industry Metrics

Terreno Realty Corporation (TRNO) generated Funds From Operations (FFO) of $523.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Terreno Realty Corporation (TRNO) offers a 3.05% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More TRNO

Terreno Realty Corporation (TRNO) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screener
  • Themes
  • Market Valuation
  • Valuation
  • Compare
  • Total Return
  • DCA Calculator
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Follow @VCPScanner on X

Get weekly stock ideas — free

© 2026 VCP Scanner. All rights reserved.
About·Privacy Policy·Terms of Service
Not financial advice. Do your own research.