Last 48 quarters of trend data · Real Estate · REIT - Industrial
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Terreno Realty Corporation's quarterly P/E stands at 23.3x, down 30.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 14.4% YoY to 21.4x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.42 | 23.27 | 9.66 | 14.19 | 15.57 | 33.63 | 19.45 | 45.16 | 39.99 | 41.50 | 24.10 | 39.44 | 31.30 |
| — | -30.8% | -50.4% | -68.6% | -61.0% | -19.0% | -19.3% | +14.5% | +27.7% | -25.5% | +30.5% | -37.5% | +187.6% | |
| P/S Ratio | 14.36 | 12.98 | 11.06 | 12.59 | 12.87 | 14.46 | 14.15 | 16.41 | 15.13 | 17.46 | 15.85 | 14.43 | 15.70 |
| — | -10.2% | -21.8% | -23.3% | -15.0% | -17.2% | -10.7% | +13.7% | -3.6% | +0.5% | +11.3% | +2.0% | -2.2% | |
| P/B Ratio | 1.59 | 1.50 | 1.47 | 1.46 | 1.46 | 1.64 | 1.60 | 1.80 | 1.66 | 1.72 | 1.88 | 1.75 | 1.89 |
| — | -8.3% | -8.5% | -18.7% | -11.7% | -4.9% | -14.8% | +3.0% | -12.1% | -13.6% | -3.1% | -6.0% | -4.3% | |
| P/FCF | 32.82 | 43.32 | 30.51 | 22.35 | 28.53 | 37.54 | 41.30 | 29.10 | 88.77 | 213.89 | 54.25 | 29.27 | 35.14 |
| — | +15.4% | -26.1% | -23.2% | -67.9% | -82.4% | -23.9% | -0.6% | +152.6% | +311.1% | -7.8% | -26.0% | -21.4% | |
| EV / EBITDA | 24.71 | 21.35 | 18.29 | 22.40 | 22.19 | 24.93 | 25.62 | 27.54 | 26.28 | 28.28 | 21.57 | 20.08 | 21.72 |
| — | -14.4% | -28.6% | -18.7% | -15.5% | -11.8% | +18.8% | +37.1% | +21.0% | +16.9% | +6.9% | -2.1% | -6.6% | |
| EV / EBIT | 40.32 | 21.83 | 10.43 | 15.32 | 15.93 | 31.10 | 20.51 | 41.94 | 38.21 | 36.72 | 41.54 | 39.00 | 43.37 |
| — | -29.8% | -49.1% | -63.5% | -58.3% | -15.3% | -50.6% | +7.6% | -11.9% | -29.1% | +2.4% | -6.9% | -8.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Terreno Realty Corporation's operating margin was 40.7% in Q1 2026, down 1.0 pp QoQ and up 1.8 pp YoY. Gross margin contracted 63.4% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.8% | 27.1% | 78.0% | 75.7% | 75.1% | 73.9% | 73.2% | 74.3% | 74.8% | 75.4% | 75.1% | 75.3% | 76.6% |
| — | -63.4% | +6.7% | +1.9% | +0.5% | -2.0% | -2.6% | -1.3% | -2.4% | +0.2% | -1.6% | -0.6% | +3.2% | |
| Operating Margin | 40.4% | 40.7% | 41.8% | 41.3% | 39.2% | 38.9% | 37.8% | 39.3% | 39.2% | 38.4% | 63.9% | 64.3% | 64.3% |
| — | +4.6% | +10.5% | +5.1% | -0.0% | +1.3% | -40.8% | -38.8% | -39.1% | -38.8% | -2.6% | +0.0% | +2.0% | |
| Net Margin | 84.6% | 55.8% | 115.1% | 88.9% | 83.1% | 43.6% | 73.4% | 36.8% | 37.9% | 42.4% | 66.6% | 36.6% | 50.6% |
| — | +28.0% | +56.8% | +141.8% | +119.4% | +2.8% | +10.3% | +0.6% | -25.2% | +35.7% | -14.1% | +15.4% | -65.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.3% | 1.6% | 3.9% | 2.6% | 2.4% | 1.3% | 2.1% | 1.0% | 1.0% | 1.1% | 2.0% | 1.1% | 1.5% |
| — | +29.2% | +86.2% | +151.3% | +129.5% | +12.3% | +2.5% | -8.0% | -32.4% | +17.4% | -24.2% | +7.4% | -66.9% | |
| ROA | 7.9% | 1.3% | 3.0% | 2.0% | 1.9% | 1.0% | 1.6% | 0.8% | 0.8% | 0.9% | 1.5% | 0.8% | 1.1% |
| — | +27.6% | +81.2% | +147.3% | +135.3% | +15.1% | +8.2% | -1.4% | -28.2% | +24.9% | -19.8% | +12.4% | -65.8% | |
| ROIC | 3.0% | 0.8% | 0.9% | 0.8% | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | 1.2% | 1.2% | 1.1% |
| — | +8.3% | +24.2% | +3.9% | +0.2% | +4.2% | -42.2% | -38.4% | -36.2% | -37.8% | -5.7% | -0.0% | +2.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Terreno Realty Corporation's Debt/EBITDA ratio is 5.9x, down from 9.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 86.1% YoY to 0.19x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.11 | 0.23 | 0.26 | 0.19 | 0.19 | 0.22 | 0.19 | 0.23 | 0.23 | 0.26 | 0.28 | 0.29 |
| — | -42.1% | +1.2% | +38.3% | -16.6% | -15.5% | -15.1% | -34.6% | -22.9% | -24.0% | -23.4% | -22.4% | -15.5% | |
| Debt / EBITDA | 3.00 | 5.91 | 9.86 | 13.38 | 10.31 | 10.61 | 12.64 | 10.63 | 12.96 | 14.48 | 10.93 | 11.39 | 11.79 |
| — | -44.3% | -22.0% | +25.9% | -20.4% | -26.7% | +15.7% | -6.7% | +9.9% | +15.6% | -10.8% | -15.5% | -15.3% | |
| Current Ratio | 0.08 | 0.19 | 0.08 | 0.14 | 1.53 | 1.34 | 0.12 | 1.84 | 1.09 | 3.52 | 2.20 | 1.48 | 1.18 |
| — | -86.1% | -28.1% | -92.5% | +41.1% | -61.9% | -94.7% | +24.0% | -8.2% | +1054.8% | +135.0% | +91.4% | +76.7% | |
| Quick Ratio | 0.08 | 0.19 | 0.08 | 0.14 | 1.53 | 1.34 | 0.12 | 1.84 | 1.09 | 3.52 | 2.20 | 1.48 | 1.18 |
| — | -86.1% | -28.1% | -92.5% | +41.1% | -61.9% | -94.7% | +24.0% | -8.2% | +1054.8% | +135.0% | +91.4% | +76.7% | |
| Interest Coverage | 13.27 | 8.73 | 17.61 | 13.36 | 14.25 | 7.07 | 15.47 | 8.48 | 7.47 | 7.88 | 6.42 | 6.03 | 5.58 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying TRNO stock.
Terreno Realty Corporation's current P/E is 16.4x. The average P/E over the last 4 quarters is 15.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Terreno Realty Corporation's current operating margin is 40.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Terreno Realty Corporation's business trajectory between earnings reports.