Terreno Realty Corporation (TRNO) Revenue History
Annual and quarterly revenue from 2010 to present
TRNO Revenue Over Time (2010–2025)
TRNO Revenue Growth History
15 of 15 years with positive growth- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- +334.2%
- FY2012 revenue growth
- +78.1%
- FY2013 revenue growth
- +46.1%
- FY2014 revenue growth
- +51.3%
- FY2015 revenue growth
- +39.2%
- FY2016 revenue growth
- +13.1%
- FY2017 revenue growth
- +22.2%
- FY2018 revenue growth
- +14.5%
- FY2019 revenue growth
- +12.8%
- FY2020 revenue growth
- +9.3%
- FY2021 revenue growth
- +18.8%
- FY2022 revenue growth
- +24.5%
- FY2023 revenue growth
- +17.2%
- FY2024 revenue growth
- +18.2%
- FY2025 revenue growth
- +24.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $124.4M | +12.7% |
| Q4 2025 | $137.5M | +32.6% |
| Q3 2025 | $116.2M | +16.7% |
| Q2 2025 | $112.2M | +19.1% |
| Q1 2025 | $110.4M | +29.9% |
| Q4 2024 | $103.7M | +19.9% |
| Q3 2024 | $99.6M | +20.2% |
| Q2 2024 | $94.2M | +18.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown
TRNO's revenue distribution by segment and geography
By Geography
TRNO Revenue Analysis (2010–2025)
Current Revenue & Growth
As of June 22, 2026, Terreno Realty Corporation (TRNO) generated trailing twelve-month (TTM) revenue of $490.4 million, reflecting strong growth of +12.7% year-over-year. The most recent quarter (Q1 2026) recorded $124.4 million in revenue, down 9.5% sequentially.
Historical Growth Trajectory
TRNO's 5-year compound annual growth rate (CAGR) stands at +20.6%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +19.9% is below the 5-year average, signalling a growth deceleration in recent years. Terreno Realty Corporation's highest annual revenue of $476.4 million was recorded in 2025, an all-time high.
Peer Comparison
Compared to Real Estate sector peers — including PLD (+7.2% YoY), EGP (+12.2% YoY), and REXR (+6.3% YoY) — TRNO has outperformed the peer group in revenue growth. Compare TRNO vs PLD →
TRNO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TRNOCurrent | $490M | +12.7% | +20.6% | 40.4% | |
 PLD | $8.8B | +7.2% | +14.6% | 40.2% | |
 EGP | $721M | +12.2% | +14.7% | 39.9% | |
 REXR | $1.0B | +6.3% | +24.9% | 37.9% | |
 FR | $727M | +8.5% | +10.2% | 42.3% | |
 STAG | $845M | +10.0% | +11.8% | 37.7% |
TRNO Historical Revenue Data (2010–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $476.4M | +24.5% | $361.3M | 75.8% | $192.4M | 40.4% |
| 2024 | $382.6M | +18.2% | $284.5M | 74.4% | $148.0M | 38.7% |
| 2023 | $323.6M | +17.2% | $244.5M | 75.6% | $133.4M | 41.2% |
| 2022 | $276.2M | +24.5% | $207.3M | 75.1% | $110.4M | 40.0% |
| 2021 | $221.9M | +18.8% | $165.7M | 74.7% | $88.0M | 39.7% |
| 2020 | $186.9M | +9.3% | $137.8M | 73.7% | $114.3M | 61.2% |
| 2019 | $171.0M | +12.8% | $126.8M | 74.2% | $102.9M | 60.2% |
| 2018 | $151.7M | +14.5% | $111.7M | 73.6% | $81.5M | 53.7% |
| 2017 | $132.5M | +22.2% | $96.6M | 72.9% | $69.9M | 52.7% |
| 2016 | $108.4M | +13.1% | $78.1M | 72.0% | $28.2M | 26.0% |
| 2015 | $95.9M | +39.2% | $69.2M | 72.2% | $24.2M | 25.3% |
| 2014 | $68.9M | +51.3% | $49.7M | 72.2% | $17.3M | 25.1% |
| 2013 | $45.5M | +46.1% | $32.8M | 71.9% | $12.9M | 28.2% |
| 2012 | $31.2M | +78.1% | $22.2M | 71.2% | $9.5M | 30.6% |
| 2011 | $17.5M | +334.2% | $11.2M | 63.8% | $-1,117,000 | -6.4% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
16+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
TRNO — Frequently Asked Questions
Quick answers to the most common questions about buying TRNO stock.
Is TRNO's revenue growth accelerating or slowing?
TRNO revenue growth is holding steady at +12.7% year-over-year. TTM revenue is $490M. The current growth rate closely tracks the 5-year CAGR of +20.6%, signalling consistent execution.
What is TRNO's revenue history from 2010 to 2026?
Terreno Realty Corporation (TRNO) revenue history spans 2010 to 2026. TTM revenue as of 2026 is $490M, growing at +12.7% YoY. The 5-year CAGR is +20.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TRNO's long-term revenue growth rate (CAGR)?
Terreno Realty Corporation's 5-year revenue CAGR of +20.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +12.7% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TRNO.
Why does TRNO's quarterly revenue fluctuate?
TRNO quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Terreno Realty Corporation's revenue data from 2010 to 2026 shows full historical quarterly detail on this page.
How is TRNO's revenue distributed by segment?
TRNO reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TRNO's revenue compare to industry peers?
Terreno Realty Corporation (TRNO) with TTM revenue of $490M and +12.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.