Terreno Realty Corporation (TRNO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 124.44M | 137.48M | 116.25M | 112.23M | 110.42M | 103.71M | 99.64M | 94.25M | 85.03M | 86.48M | 82.92M | 79.53M | 74.65M | 76.01M | 70.8M | 65.37M | 64.03M | 60.67M | 57.27M | 53.3M |
| Revenue Growth % | 12.7% | 32.56% | 16.67% | 19.09% | 29.86% | 19.92% | 20.16% | 18.5% | 13.9% | 13.78% | 17.12% | 21.67% | 16.58% | 25.27% | 23.63% | 22.66% | 26.32% | 24.13% | 21.47% | 16.51% |
| Property Operating Expenses | 90.77M | 30.19M | 28.23M | 27.91M | 28.77M | 27.83M | 25.6M | 23.77M | 20.89M | 21.52M | 20.52M | 18.61M | 18.43M | 17.99M | 17.18M | 16.83M | 16.9M | 15.19M | 14.2M | 13.29M |
| Net Operating Income (NOI) | 33.67M | 107.29M | 88.02M | 84.33M | 81.65M | 75.88M | 74.04M | 70.47M | 64.14M | 64.96M | 62.4M | 60.92M | 56.22M | 58.02M | 53.63M | 48.54M | 47.13M | 45.48M | 43.07M | 40.01M |
| NOI Margin % | 27.05% | 78.04% | 75.71% | 75.13% | 73.95% | 73.17% | 74.31% | 74.78% | 75.43% | 75.11% | 75.25% | 76.6% | 75.31% | 76.33% | 75.74% | 74.25% | 73.6% | 74.96% | 75.2% | 75.07% |
| Operating Expenses | -17.03M | 49.85M | 39.96M | 40.37M | 38.66M | 36.67M | 34.83M | 33.55M | 31.45M | 9.73M | 9.12M | 9.77M | 9.32M | 8.19M | 8.14M | 7.33M | 7.53M | 7.72M | 6.8M | 6.87M |
| G&A Expenses | 0 | 11.6M | 11.58M | 12.35M | 11.73M | 10.76M | 10.78M | 10.54M | 10.51M | 9.73M | 9.12M | 9.77M | 9.32M | 8.19M | 8.14M | 7.33M | 7.53M | 7.72M | 6.8M | 6.87M |
| EBITDA | 80.18M | 95.68M | 76.44M | 71.98M | 69.92M | 65.12M | 63.26M | 59.93M | 53.63M | 70.57M | 68.03M | 65.74M | 61.52M | 62.89M | 58.25M | 52.99M | 51.48M | 48.9M | 47.86M | 43.48M |
| EBITDA Margin % | 64.43% | 69.6% | 65.75% | 64.13% | 63.32% | 62.79% | 63.49% | 63.59% | 63.07% | 81.6% | 82.04% | 82.66% | 82.41% | 82.75% | 82.27% | 81.07% | 80.39% | 80.6% | 83.57% | 81.59% |
| Depreciation & Amortization | 29.49M | 38.25M | 28.38M | 28.02M | 26.93M | 25.91M | 24.06M | 23.01M | 20.94M | 15.34M | 14.75M | 14.59M | 14.62M | 13.07M | 12.76M | 11.79M | 11.87M | 11.14M | 11.59M | 10.34M |
| D&A / Revenue % | 23.7% | 27.82% | 24.41% | 24.97% | 24.39% | 24.98% | 24.15% | 24.42% | 24.63% | 17.74% | 17.79% | 18.34% | 19.58% | 17.2% | 18.02% | 18.04% | 18.54% | 18.36% | 20.24% | 19.4% |
| Operating Income | 50.69M | 57.43M | 48.06M | 43.95M | 42.99M | 39.21M | 39.2M | 36.92M | 32.69M | 55.23M | 53.28M | 51.16M | 46.9M | 49.82M | 45.49M | 41.2M | 39.6M | 37.77M | 36.27M | 33.14M |
| Operating Margin % | 40.74% | 41.78% | 41.34% | 39.16% | 38.93% | 37.81% | 39.35% | 39.17% | 38.45% | 63.86% | 64.26% | 64.32% | 62.83% | 65.55% | 64.24% | 63.03% | 61.85% | 62.24% | 63.33% | 62.18% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 8.73x | 17.61x | 13.36x | 14.25x | 7.07x | 15.47x | 8.48x | 7.47x | 7.88x | 6.42x | 6.03x | 5.58x | 3.90x | 4.20x | 4.55x | 5.14x | 4.85x | 4.62x | 4.83x | 5.27x |
| Non-Operating Income | -27.73M | -110.31M | -63.68M | -56.36M | -13.06M | -42.15M | -2.34M | -4.3M | -8.61M | 18.58M | 18.25M | 18.23M | 18.16M | 18.54M | 16.96M | 15.29M | 14.98M | 13.71M | 13.64M | 11.97M |
| Pretax Income | 69.43M | 158.22M | 103.38M | 93.27M | 48.13M | 76.1M | 36.64M | 35.7M | 36.06M | 57.56M | 30.32M | 40.25M | 23.33M | 58.88M | 22.44M | 97.03M | 19.66M | 32.26M | 21.36M | 17.38M |
| Pretax Margin % | 55.8% | 115.08% | 88.93% | 83.11% | 43.58% | 73.38% | 36.77% | 37.87% | 42.41% | 66.55% | 36.56% | 50.61% | 31.25% | 77.47% | 31.69% | 148.44% | 30.71% | 53.17% | 37.3% | 32.61% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 69.43M | 158.22M | 103.38M | 93.27M | 48.13M | 76.1M | 36.64M | 35.7M | 36.06M | 57.56M | 30.32M | 40.25M | 23.33M | 58.88M | 22.44M | 97.03M | 19.66M | 32.26M | 21.36M | 17.38M |
| Net Margin % | 55.8% | 115.08% | 88.93% | 83.11% | 43.58% | 73.38% | 36.77% | 37.87% | 42.41% | 66.55% | 36.56% | 50.61% | 31.25% | 77.47% | 31.69% | 148.44% | 30.71% | 53.17% | 37.3% | 32.61% |
| Net Income Growth % | 44.28% | 107.9% | 182.15% | 161.3% | 33.46% | 32.22% | 20.86% | -11.32% | 54.55% | -2.25% | 35.1% | -58.52% | 18.66% | 82.52% | 5.05% | 458.37% | 20.94% | 138.73% | -5.99% | -43.4% |
| Funds From Operations (FFO) | 98.92M | 196.47M | 131.75M | 121.3M | 75.06M | 102.01M | 60.7M | 58.71M | 57M | 72.9M | 45.06M | 54.84M | 37.95M | 71.95M | 35.2M | 108.82M | 31.53M | 43.4M | 32.95M | 27.72M |
| FFO Margin % | 79.49% | 142.91% | 113.34% | 108.08% | 67.97% | 98.36% | 60.92% | 62.29% | 67.03% | 84.29% | 54.35% | 68.95% | 50.84% | 94.66% | 49.71% | 166.47% | 49.24% | 71.52% | 57.54% | 52.01% |
| FFO Growth % | 31.8% | 92.6% | 117.07% | 106.61% | 31.68% | 39.93% | 34.69% | 7.05% | 50.2% | 1.32% | 28.03% | -49.61% | 20.35% | 65.8% | 6.82% | 292.61% | 20.4% | 85.94% | -1.76% | -32.07% |
| FFO per Share | 0.94 | 1.90 | 1.28 | 1.18 | 0.74 | 1.03 | 0.62 | 0.61 | 0.64 | 0.83 | 0.53 | 0.66 | 0.47 | 0.94 | 0.47 | 1.44 | 0.42 | 0.61 | 0.47 | 0.40 |
| FFO Payout Ratio % | 54.72% | 27.37% | 38.43% | 41.74% | 65.11% | 47.91% | 71.71% | 74.13% | 68.51% | 52.71% | 74.34% | 60.49% | 81.04% | 42.29% | 72.98% | 23.6% | 81.24% | 55.85% | 62% | 72.48% |
| EPS (Diluted) | 0.66 | 1.52 | 1.00 | 0.90 | 0.47 | 0.76 | 0.37 | 0.37 | 0.40 | 0.65 | 0.36 | 0.48 | 0.29 | 0.77 | 0.21 | 1.28 | 0.19 | 0.38 | 0.30 | 0.25 |
| EPS Growth % | 40.43% | 100% | 170.27% | 143.24% | 17.5% | 16.92% | 2.78% | -22.92% | 37.93% | -15.58% | 71.43% | -62.5% | 52.63% | 102.63% | -30% | 412% | -20.83% | 171.43% | -9.09% | -44.44% |
| EPS (Basic) | 0.66 | 1.52 | 1.00 | 0.90 | 0.48 | 0.76 | 0.37 | 0.37 | 0.40 | 0.65 | 0.36 | 0.48 | 0.29 | 0.77 | 0.21 | 1.28 | 0.19 | 0.38 | 0.30 | 0.25 |
| Diluted Shares Outstanding | 105.22M | 103.57M | 103.14M | 103.01M | 101.05M | 99.24M | 97.87M | 96.41M | 89.44M | 87.49M | 84.27M | 83.12M | 80.34M | 76.15M | 75.59M | 75.34M | 75.28M | 70.75M | 70.75M | 69.81M |