Terreno Realty Corporation (TRNO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown
TRNO's revenue distribution by segment and geography
By Geography
TRNO Revenue Analysis (2014–2025)
As of March 2, 2026, Terreno Realty Corporation (TRNO) generated trailing twelve-month (TTM) revenue of $476.4 million, reflecting explosive growth of +32.6% year-over-year. The most recent quarter (Q4 2025) recorded $137.5 million in revenue, up 18.3% sequentially.
Looking at the longer-term picture, TRNO's 5-year compound annual growth rate (CAGR) stands at +20.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $476.4 million in 2025, representing a new all-time high.
When compared to Real Estate sector peers including PLD (+10.7% YoY), EGP (+11.6% YoY), and REXR (+10.4% YoY), TRNO has outperformed the peer group in terms of revenue growth. Compare TRNO vs PLD →
Peer Comparison
Compare TRNO's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TRNOCurrent | $476M | +32.6% | +20.6% | 40.3% | |
| PLD | $8.2B | +10.7% | +19.7% | 53.8% | |
| EGP | $639M | +11.6% | +14.1% | 69.4% | |
| REXR | $936M | +10.4% | +28.5% | 68.8% | |
| FR | $672M | +8.9% | +9.6% | 44.3% | |
| STAG | $845M | +9.6% | +11.8% | 0.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $476.4M | +24.5% | $239.7M | 50.3% | $192.1M | 40.3% |
| 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% |
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Start ComparisonFrequently Asked Questions
Is TRNO's revenue growth accelerating or slowing?
TRNO revenue is accelerating at +32.6% year-over-year, exceeding the 5-year CAGR of +20.6%. TTM revenue reached $476M. Growth momentum has increased versus prior periods.
What is TRNO's long-term revenue growth rate?
Terreno Realty Corporation's 5-year revenue CAGR of +20.6% reflects the sustained expansion pattern. Current YoY growth of +32.6% is above this long-term average.
How is TRNO's revenue distributed by segment?
TRNO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.