Terreno Realty Corporation TRNO R2K
Real Estate · REIT - Industrial · United States
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets. It includes New York City, Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited. As of September 30, 2025, the Company owned 307 buildings (including one property consisting of two buildings held for sale) aggregating approximately 20.2 million square feet, 44 improved land parcels consisting of approximately 146.4 acres, six properties under development or redevelopment and approximately 10.7 acres of land for future development. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, commencing with its taxable year ended December 31, 2010. Terreno Realty Corporation was incorporated on 6th November 2009 and is based in Bellevue, United States.
READ MORE ›$65.69
+20.55% 1Y
Market & Price
Market Cap
$6.94B
Current Price
$65.69
High / Low (52W)
$67.13 / $51.65
Beta
1.08
Valuation
Stock P/E
16.02
Industry PE
26.58
Forward P/E
38.04
PEG Ratio
7.15
Book Value
$40.03
Price to Book
1.64
P/S
14.16
EV/EBITDA
26.61
Dividend Yield
3.17%
Profitability & Returns
ROCE
8.62%
ROE
10.36%
ROA
2.39%
Profit Margin
86.52%
Op Margin
40.74%
EPS (Latest Qtr)
$0.66
EPS (TTM)
$4.10
Balance Sheet & Liquidity
Debt/Equity
0.22
Quick Ratio
0.83
Current Ratio
0.93
Debt
$945.10M
Total Assets
$5.39B
Current Assets
$27.93M
Working Capital
$-303.53M
Ownership
Promoter Holding
1.94%
Chg in Prom Hold
-
FII / Inst Holding
111.74%
Chg in FII Hold
-0.01%
Financial Snapshot
Enterprise Value
$7.84B
Total Revenue (TTM)
$490.40M
EBITDA
$294.65M
Free Cash Flow
$225.37M
Operating Cash Flow
$272.36M
Shares Outstanding
105.72M
Gross Margin
75.91%
Payout Ratio
50.00%
Growth (CAGR)
Revenue 5Y
19.92%
Profit 5Y
26.73%
Revenue (YoY)
12.70%
Earnings (YoY)
40.20%
PROS
- Excellent profit margin of 86.5%.
- Compounding revenue at 19.9% over 5 years.
- Profit CAGR of 26.7% over 5 years.
- Attractive dividend yield of 3.17%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TRNO Terreno Realty Corporation R2K | 65.69 | 16.02 | $6.94B | 3.17% | 8.62% | 10.36% | 19.92% | 26.73% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
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Quarterly Results
Figures in USD.
| Metric | Sep 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | 31.44M | 32.78M | 33.64M | 34.62M | 37.11M | 37.24M | 37.90M | 39.41M | 40.88M | 41.73M | 43.40M | 45.02M | 45.12M | 45.74M | 47.15M | 50.69M | 53.30M | 57.27M | 64.03M | 65.37M | 70.80M | 74.65M | 79.53M | 82.92M | 85.03M | 94.25M | - | 110.42M | 112.23M | 116.25M | 137.48M | 124.44M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 28.77M | 27.91M | 28.23M | 30.19M | 31.80M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 81.65M | 84.33M | 88.02M | 107.29M | 92.64M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 38.66M | 40.37M | 39.96M | 49.85M | 41.92M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 42.99M | 43.95M | 48.06M | 57.43M | 50.73M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 82.98M | 128.33M | 140.12M | 205.99M | 107.91M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.93M | 7.04M | 8.37M | 9.53M | 8.99M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 48.13M | 93.27M | 103.38M | 158.22M | 69.43M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | 3.44M | -845.00K | 10.67M | 4.21M | 7.43M | 2.78M | 3.07M | 1.83M | 5.80M | 15.53M | 20.93M | 10.84M | 10.06M | 20.14M | 10.12M | 22.97M | 15.53M | 10.38M | 14.78M | 14.82M | 12.86M | 30.70M | 22.72M | 16.26M | 17.38M | 21.36M | 19.66M | 97.03M | 22.44M | 23.33M | 40.25M | 30.32M | 36.06M | 35.70M | - | 48.13M | 93.27M | 103.38M | 158.22M | 69.43M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | 0.18 | 0.35 | 0.17 | 0.38 | 0.25 | 0.16 | 0.22 | 0.22 | 0.19 | 0.45 | 0.33 | 0.24 | 0.25 | 0.30 | 0.26 | 1.28 | 0.30 | 0.29 | 0.48 | 0.36 | 0.40 | 0.37 | 0.37 | 0.47 | 0.90 | 1.00 | - | 0.66 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 108.42M | 132.48M | 151.66M | 171.02M | 186.88M | 221.93M | 276.21M | 323.59M | 382.62M | 476.38M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 68.90M | 79.08M | 98.09M | 115.10M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | 207.31M | 244.50M | 284.53M | 361.28M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | 96.95M | 111.15M | 136.50M | 168.85M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | 110.35M | 133.35M | 148.03M | 192.43M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | 287.63M | 249.47M | 299.33M | 557.43M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | 23.85M | 24.80M | 20.92M | 32.86M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | 198.01M | 151.46M | 184.50M | 402.99M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | -5.39M | -3.73M | 2.46M | 6.64M | 10.72M | 14.60M | 15.12M | 53.09M | 63.29M | 55.52M | 79.80M | 87.25M | 198.01M | 151.46M | 184.50M | 402.99M |
| Diluted EPS | - | - | - | - | - | - | - | 0.95 | 1.09 | 0.85 | 1.16 | 1.23 | 2.61 | 1.81 | 1.92 | 3.91 |
Compounded Sales Growth
| 5 Years: | 19.92% |
| 1 Year: | 12.70% |
Compounded Profit Growth
| 5 Years: | 26.73% |
| 1 Year: | 40.20% |
Stock Price Performance
| 1 Year: | +20.55% |
| 6 Months: | +6.87% |
| 3 Months: | +0.28% |
| 1 Month: | +1.39% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Feb 2010 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 194.38M | 267.05M | 445.32M | 645.32M | 1.07B | 1.15B | 1.28B | 1.57B | 1.80B | 2.11B | 2.14B | 2.92B | 3.16B | 3.90B | 4.77B | 5.39B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | 28.08M | 166.24M | 24.61M | 27.93M |
| Cash & Equivalents | 1.00K | 57.25M | 3.25M | 5.93M | 6.99M | 190.60M | 22.45M | 14.21M | 35.71M | 31.00M | 110.08M | 107.18M | 204.40M | 26.39M | 165.40M | 18.07M | 25.02M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | 28.88M | 108.04M | 190.04M | 206.49M | 327.70M | 419.06M | 467.18M | 540.38M | 548.71M | 591.34M | 551.64M | 866.25M | 934.59M | 990.05M | 1.11B | 1.24B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | 80.44M | 100.83M | 210.09M | 331.46M |
| Long Term Debt | - | - | - | 177.04M | 189.31M | 304.50M | 384.05M | 415.33M | 461.68M | 462.10M | 491.57M | 459.12M | 720.67M | 770.82M | 771.56M | 741.44M | 743.34M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | 770.82M | 771.56M | 823.44M | 943.34M |
| Total Equity | 1.00K | 165.50M | 159.01M | 255.27M | 438.83M | 747.04M | 733.08M | 811.80M | 1.03B | 1.25B | 1.52B | 1.59B | 2.06B | 2.23B | 2.91B | 3.66B | 4.15B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | 76.46M | 88.00M | 99.74M | 104.10M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -2.02M | 2.15M | 9.75M | 13.49M | 29.32M | 42.07M | 49.24M | 69.50M | 77.60M | 94.69M | 101.05M | - | 143.21M | 179.68M | 232.69M | 271.86M |
| Investing Cash Flow | -116.58M | -105.88M | -160.18M | -201.87M | -249.92M | -255.36M | -149.63M | -249.12M | -234.96M | -251.48M | -52.09M | - | -337.66M | -570.39M | -915.48M | -452.39M |
| Financing Cash Flow | 175.85M | 49.73M | 153.11M | 189.43M | 404.21M | 45.14M | 93.76M | 203.94M | 149.04M | 235.05M | -53.87M | - | 17.73M | 528.86M | 534.91M | 187.76M |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - | -66.61M | -53.05M | -46.43M | -63.41M |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - | - | - | 76.60M | 126.62M | 186.25M | 208.46M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | -176.72M | 138.15M | -147.88M | 7.24M |
| Share Buybacks | - | - | 79.00K | 160.00K | 284.00K | 512.00K | 1.55M | 3.44M | 3.87M | 3.96M | 9.84M | 582.00K | 1.04M | 1.51M | 3.34M | 3.29M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | 75.1% | 75.6% | 74.4% | 75.8% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | 40.0% | 41.2% | 38.7% | 40.4% |
| Net Margin % | - | - | - | - | - | - | 13.9% | 40.1% | 41.7% | 32.5% | 42.7% | 39.3% | 71.7% | 46.8% | 48.2% | 84.6% |
| ROE % | -3.3% | -2.3% | 1.0% | 1.5% | 1.4% | 2.0% | 1.9% | 5.2% | 5.1% | 3.7% | 5.0% | 4.2% | 8.9% | 5.2% | 5.0% | 9.7% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | - | 3.6% | 3.5% | 3.2% | 3.8% |
Shareholding Pattern
Insiders
1.94%
Institutions
111.74%
Public Float
113.95%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 16.74% | 17.80M | $1.17B |
| 2 | FMR, LLC | 10.81% | 11.49M | $754.69M |
| 3 | Vanguard Portfolio Management LLC | 9.71% | 10.32M | $677.78M |
| 4 | State Street Corporation | 5.46% | 5.80M | $381.14M |
| 5 | Vanguard Capital Management LLC | 4.36% | 4.64M | $304.67M |
| 6 | Principal Financial Group, Inc. | 3.94% | 4.19M | $275.14M |
| 7 | T. Rowe Price Investment Management, Inc. | 3.85% | 4.09M | $268.57M |
| 8 | Price (T.Rowe) Associates Inc | 3.72% | 3.95M | $259.47M |
| 9 | Geode Capital Management, LLC | 2.59% | 2.75M | $180.57M |
| 10 | Charles Schwab Investment Management, Inc. | 2.02% | 2.14M | $140.74M |
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