8-K Announcements
6Feb 17, 2026·SEC
Jan 8, 2026·SEC
Nov 5, 2025·SEC
Terreno Realty Corporation (TRNO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Terreno Realty Corporation (TRNO) stock price & volume — 10-year historical chart
Terreno Realty Corporation (TRNO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Terreno Realty Corporation (TRNO) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 4, 2026 | $0.83vs $0.85-2.4% | $137Mvs $132M+4.0% |
| Q4 2025 | Nov 5, 2025 | $0.67vs $0.65+3.1% | $116Mvs $115M+1.4% |
| Q3 2025 | Aug 6, 2025 | $0.64vs $0.65-1.5% | $112Mvs $115M-2.7% |
| Q2 2025 | May 7, 2025 | $0.62vs $0.63-1.6% | $110Mvs $108M+2.1% |
Terreno Realty Corporation (TRNO) competitors in Industrial Logistics Warehouse REITs — business model, growth, and fundamentals comparison
Terreno Realty Corporation (TRNO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Terreno Realty Corporation (TRNO) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 132.48M | 151.66M | 171.02M | 186.88M | 221.93M | 276.21M | 323.59M | 382.62M | 476.38M |
| Revenue Growth % | 22.2% | 14.47% | 12.77% | 9.27% | 18.75% | 24.46% | 17.15% | 18.24% | 24.51% |
| Property Operating Expenses | 35.87M | 39.99M | 44.2M | 49.1M | 56.25M | 68.9M | 79.08M | 98.09M | 236.68M |
| 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 Expenses | 57.55M | 62.32M | 23.92M | 23.49M | 77.65M | 96.95M | 111.15M | 136.5M | 115.1M |
| G&A Expenses | 19.68M | 21.5M | 23.92M | 23.49M | 26.96M | 31.19M | 37.94M | 42.59M | 47.27M |
| EBITDA | 163.31M | 183.93M | 142.23M | 154.75M | 138.72M | 176.12M | 206.57M | 241.94M | 313.67M |
| EBITDA Margin % | 123.27% | 121.28% | 83.16% | 82.81% | 62.51% | 63.76% | 63.84% | 63.23% | 65.84% |
| Depreciation & Amortization | 93.44M | 102.43M | 39.33M | 40.45M | 50.69M | 65.76M | 73.22M | 93.92M | 121.58M |
| 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 Expense | 16.78M | 18.21M | 16.34M | 16M | 18.05M | 23.85M | 24.8M | 20.92M | -32.86M |
| Interest Coverage | 4.16x | 4.48x | 6.30x | 7.15x | 4.88x | 4.63x | 5.38x | 7.08x | - |
| Non-Operating Income | 7.06M | 8.67M | 44.02M | 45.88M | -17.28M | -111.51M | -42.9M | -57.39M | 0 |
| 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 Tax | 16.78M | 18.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 Share | 2.85 | 2.88 | 1.47 | 1.76 | 1.95 | 3.49 | 2.69 | 2.90 | 5.11 |
| 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) | 0.95 | 1.10 | 0.54 | 0.86 | 0.87 | 2.61 | 1.81 | 1.92 | 3.93 |
| Diluted Shares Outstanding | 51.36M | 57.49M | 64.72M | 68.17M | 70.79M | 75.59M | 83.37M | 95.84M | 102.72M |
Terreno Realty Corporation (TRNO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.57B | 1.8B | 2.11B | 2.14B | 2.92B | 3.16B | 3.9B | 4.77B | 5.39B |
| Asset Growth % | 22.59% | 14.58% | 17.36% | 1.49% | 36.66% | 8.22% | 23.39% | 22.17% | 12.95% |
| Real Estate & Other Assets | 1.45B | 1.63B | 1.89B | 1.94B | 12.45M | 13.81M | 18.98M | -25.46M | 0 |
| PP&E (Net) | 1.47B | 1.65B | 0 | 0 | 2.63B | 3.04B | 3.52B | 4.56B | 0 |
| Investment Securities | 30K | 26K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 42.8M | 88.97M | 128.6M | 107.84M | 244M | 75.48M | 222.34M | 24.61M | 25.02M |
| Cash & Equivalents | 35.71M | 31M | 110.08M | 107.18M | 204.4M | 26.39M | 165.4M | 18.07M | 25.59M |
| Receivables | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 7.09M | 3.48M | 2.66M | 656K | 397K | 1.69M | 836K | -56.36M | -74.57M |
| Intangible Assets | 76.03M | 79.27M | 88.59M | 88.86M | 38.15M | 36.77M | 147.33M | 208.47M | 223.55M |
| Total Liabilities | 540.38M | 548.71M | 591.34M | 551.64M | 866.25M | 934.59M | 990.05M | 1.11B | 1.24B |
| Total Debt | 461.68M | 462.1M | 491.57M | 459.12M | 720.67M | 770.82M | 771.56M | 823.44M | 1.18B |
| Net Debt | 425.97M | 431.09M | 381.49M | 351.94M | 516.27M | 744.42M | 606.16M | 805.37M | 1.16B |
| Long-Term Debt | 461.68M | 462.1M | 491.57M | 459.12M | 720.67M | 770.82M | 771.56M | 741.44M | 1.01B |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82M | 50M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 119.44M |
| Total Current Liabilities | 45.27M | 70.58M | 57.49M | 54.04M | 70.64M | 80.44M | 100.83M | 210.09M | 473.42M |
| Accounts Payable | 21.27M | 24.89M | 27.7M | 26.69M | 45.02M | 49.69M | 61.78M | 79.22M | 0 |
| Deferred Revenue | -247.96M | 548.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -169.26M | -161.65M | 42.28M | 38.48M | 74.94M | 83.33M | 117.65M | 156.3M | -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 Equity | 1.03B | 1.25B | 1.52B | 1.59B | 2.06B | 2.23B | 2.91B | 3.66B | 4.15B |
| Minority Interest | 441.24M | 450.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 553K | 610K | 673K | 686K | 752K | 765K | 876K | 994K | 1.04M |
| Additional Paid-in Capital | 1.02B | 1.23B | 1.51B | 1.59B | 2.07B | 2.17B | 2.85B | 3.6B | 3.89B |
| Retained Earnings | 4.8M | 14.19M | 2.62M | 5.93M | 2.8M | 88.27M | 95.58M | 95.29M | 289.12M |
| Preferred Stock | 4.8M | 14.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 / Assets | 29.45% | 25.72% | 23.31% | 21.46% | 24.64% | 24.36% | 19.76% | 17.26% | 21.94% |
| Debt / Equity | 0.31x | 0.27x | 0.32x | 0.29x | 0.35x | 0.35x | 0.26x | 0.22x | 0.29x |
| Net Debt / EBITDA | 2.61x | 2.34x | 2.68x | 2.27x | 3.72x | 4.23x | 2.93x | 3.33x | 3.69x |
| Book Value per Share | 28.60 | 29.55 | 23.44 | 23.30 | 29.07 | 29.50 | 34.96 | 38.21 | 40.36 |
Terreno Realty Corporation (TRNO) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 69.5M | 77.6M | 94.69M | 101.05M | 132.21M | 143.21M | 179.68M | 232.69M | 271.86M |
| 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 Income | 53.09M | 63.29M | 55.52M | 79.8M | 87.25M | 198.01M | 151.46M | 184.5M | 402.99M |
| Depreciation & Amortization | 35.71M | 37.12M | 39.33M | 40.45M | 43M | 49.49M | 59.3M | 76.63M | 92.28M |
| Stock-Based Compensation | 8.73M | 9.27M | 10.64M | 9.83M | 9.55M | 10.17M | 13.47M | 14.93M | 17.72M |
| Other Non-Cash Items | -33.12M | -31.02M | -10.77M | -25.79M | -23.98M | -120.15M | -45.08M | -52.92M | -250.44M |
| Working Capital Changes | 5.08M | -1.06M | -37K | -3.23M | 16.37M | 5.68M | 537K | 9.55M | 9.31M |
| Cash from Investing | -249.12M | -234.96M | -251.48M | -52.09M | -666.44M | -337.66M | -570.39M | -915.48M | -452.39M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 693.63M |
| Purchase of Investments | -297.11M | -221.81M | -238.66M | -98.09M | -644.96M | -433.2M | -590.41M | -940.94M | -763.6M |
| Sale of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Investing | 0 | -54.1M | 0 | 15.91M | 0 | 0 | 0 | 0 | -455.2M |
| Cash from Financing | 203.94M | 149.04M | 235.05M | -53.87M | 631.2M | 17.73M | 528.86M | 534.91M | 187.76M |
| 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 | -174.97M | 0 |
| Debt Issuance (Net) | 1000K | -201K | 1000K | -1000K | 1000K | 1000K | 0 | -1000K | 1000K |
| Share Repurchases | -49.44M | -3.87M | -3.96M | -9.84M | -582K | -1.04M | -1.51M | -3.34M | -3.29M |
| Other Financing | -872K | -1.37M | -943K | 0 | -4.03M | -1.5M | 0 | -5.8M | 0 |
| 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 Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 18.48M | 42.8M | 34.48M | 112.74M | 107.84M | 204.8M | 28.08M | 166.24M | 18.35M |
| Cash at End | 42.8M | 34.48M | 112.74M | 107.84M | 204.8M | 28.08M | 166.24M | 18.35M | 25.59M |
| 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% |
Terreno Realty Corporation (TRNO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 2.29 | 2.85 | 2.88 | 1.47 | 1.76 | 1.95 | 3.49 | 2.69 | 2.9 | 5.11 |
| FFO Payout Ratio | 32.44% | 28.57% | 31.04% | 67.02% | 62.19% | 61.35% | 40.72% | 60.47% | 62.85% | 38.87% |
| NOI Margin | 72.03% | 72.92% | 73.63% | 74.15% | 73.73% | 74.66% | 75.05% | 75.56% | 74.36% | 50.32% |
| Net Debt / EBITDA | 3.48x | 2.61x | 2.34x | 2.68x | 2.27x | 3.72x | 4.23x | 2.93x | 3.33x | 3.69x |
| Debt / Assets | 32.47% | 29.45% | 25.72% | 23.31% | 21.46% | 24.64% | 24.36% | 19.76% | 17.26% | 21.94% |
| Interest Coverage | 2.16x | 4.16x | 4.48x | 6.30x | 7.15x | 4.88x | 4.63x | 5.38x | 7.08x | - |
| Book Value / Share | 27.1 | 28.6 | 29.55 | 23.44 | 23.3 | 29.07 | 29.5 | 34.96 | 38.21 | 40.36 |
| Revenue Growth | 13.06% | 22.2% | 14.47% | 12.77% | 9.27% | 18.75% | 24.46% | 17.15% | 18.24% | 24.51% |
Terreno Realty Corporation (TRNO) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 17, 2026·SEC
Jan 8, 2026·SEC
Nov 5, 2025·SEC
Terreno Realty Corporation (TRNO) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
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.
Terreno Realty Corporation (TRNO) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates