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Real Estate - REIT - Industrial - NYSE - US
$ 56.28
-0.949 %
$ 5.8 B
Market Cap
29.35
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 8, 2025.

The intrinsic value of one TRNO stock under the worst case scenario is HIDDEN Compared to the current market price of 56.3 USD, Terreno Realty Corporation is HIDDEN

This DCF valuation model was last updated on May, 8, 2025.

The intrinsic value of one TRNO stock under the base case scenario is HIDDEN Compared to the current market price of 56.3 USD, Terreno Realty Corporation is HIDDEN

This DCF valuation model was last updated on May, 8, 2025.

The intrinsic value of one TRNO stock under the best case scenario is HIDDEN Compared to the current market price of 56.3 USD, Terreno Realty Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TRNO

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$68.0$68.0$66.0$66.0$64.0$64.0$62.0$62.0$60.0$60.0$58.0$58.0$56.0$56.0$54.0$54.0$52.0$52.0$50.0$50.015 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
FINANCIALS
383 M REVENUE
18.24%
148 M OPERATING INCOME
-28.34%
184 M NET INCOME
21.81%
233 M OPERATING CASH FLOW
29.50%
-915 M INVESTING CASH FLOW
-60.50%
535 M FINANCING CASH FLOW
1.14%
104 M REVENUE
4.09%
39.2 M OPERATING INCOME
0.03%
76.1 M NET INCOME
105.97%
51.3 M OPERATING CASH FLOW
-26.67%
-310 M INVESTING CASH FLOW
-431.60%
33.1 M FINANCING CASH FLOW
-33.49%
Balance Sheet Terreno Realty Corporation
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Current Assets 24.6 M
Cash & Short-Term Investments 18.1 M
Receivables 0
Other Current Assets 6.54 M
Non-Current Assets 4.75 B
Long-Term Investments 0
PP&E 0
Other Non-Current Assets 4.75 B
99.48 %Total Assets$4.8b
Current Liabilities 210 M
Accounts Payable 79.2 M
Short-Term Debt 82 M
Other Current Liabilities 48.9 M
Non-Current Liabilities 898 M
Long-Term Debt 0
Other Non-Current Liabilities 898 M
7.15 %7.40 %4.41 %81.04 %Total Liabilities$1.1b
EFFICIENCY
Earnings Waterfall Terreno Realty Corporation
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Revenue 383 M
Cost Of Revenue 98.1 M
Gross Profit 285 M
Operating Expenses 137 M
Operating Income 148 M
Other Expenses -36.5 M
Net Income 184 M
400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m00383m(98m)285m(137m)148m36m184mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
74.36% GROSS MARGIN
74.36%
38.69% OPERATING MARGIN
38.69%
48.22% NET MARGIN
48.22%
5.04% ROE
5.04%
3.87% ROA
3.87%
3.19% ROIC
3.19%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Terreno Realty Corporation
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200m200m180m180m160m160m140m140m120m120m100m100m80m80m60m60m40m40m20m20m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 184 M
Depreciation & Amortization 76.6 M
Capital Expenditures 0
Stock-Based Compensation 14.9 M
Change in Working Capital 9.56 M
Others -55.3 M
Free Cash Flow 186 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Terreno Realty Corporation
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Wall Street analysts predict an average 1-year price target for TRNO of $69.2 , with forecasts ranging from a low of $57 to a high of $80 .
TRNO Lowest Price Target Wall Street Target
57 USD 1.28%
TRNO Average Price Target Wall Street Target
69.2 USD 23.05%
TRNO Highest Price Target Wall Street Target
80 USD 42.15%
Price
Max Price Target
Min Price Target
Average Price Target
8080757570706565606055555050Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.83% DIVIDEND YIELD
0.49 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.401.401.201.201.001.000.800.800.600.600.400.400.200.200.000.000.180.20.220.240.270.290.340.40.450.490.160.270.290.340.40.450.160.180.20.220.240.340.40.450.490.160.660.180.830.20.910.21.000.221.130.221.300.240.980.241.090.271.210.270.760.290.290.290.290.340.340.40.400.450.450.490.492015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership Terreno Realty Corporation
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
652 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
1.28 M USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Terreno Realty: Buying At Premiums Again Terreno Realty's has a sound long-term investment philosophy and a focus on coastal industrial real estate, with a track record which backs this up. The company reported 2024 rental revenues of $382 million, driven by same-store rent growth and acquisitions, with adjusted FFO rising to $2.42 per share. Despite a strong balance sheet, recent aggressive acquisitions at lower cap rates raise concerns about sustaining long-term value creation. seekingalpha.com - 1 week ago
Terreno Realty Corporation Acquires Property in Queens, NY for $7.6 Million BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Queens, NY for $7.6 Million. businesswire.com - 3 weeks ago
Terreno Realty Expands Portfolio With Property Buyout in Redmond Terreno's acquisition of industrial properties is likely to aid it in banking on solid industrial real estate market tailwinds. zacks.com - 1 month ago
Terreno (TRNO) Stock Jumps 9.1%: Will It Continue to Soar? Terreno (TRNO) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might not help the stock continue moving higher in the near term. zacks.com - 1 month ago
Terreno Realty Corporation Acquires Property in Redmond, WA for $9.3 Million BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Redmond, WA for $9.3 Million. businesswire.com - 1 month ago
Terreno Realty's Rents Rise in Q1, Occupancy Improves Y/Y TRNO's Q1 updates highlight higher rents and improved occupancy year over year amid healthy demand for industrial real estate assets. zacks.com - 1 month ago
Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity. businesswire.com - 1 month ago
Mercy, Mercy, Mercy President Trump's tariff strategy is a high-stakes gamble that could either revive U.S. manufacturing or lead to inflation and economic retaliation. I believe the likelihood of a recession during Trump's term is now 100%, with JPMorgan raising the odds to 60% in the near term. Focus on high-quality, recession-resistant REITs like Healthpeak Properties, Terreno, Equity LifeStyle, and Agree Realty for stable returns amid market volatility. seekingalpha.com - 1 month ago
Terreno Realty downgraded to Neutral from Overweight at Piper Sandler Piper Sandler downgraded Terreno Realty to Neutral from Overweight with a price target of $61, down from $78. The firm believes industrial real estate investment trusts "will be the most in flux" from last week's tariff announcement. Trump's tariff actions completely upend global and domestic trade, given how intertwined imported goods are in U.S. consumption, the analyst tells investors in a research note. Piper thinks the impact is most pronounced in industrials, "as it's easy to see tenants delay decisions given sourcing and pricing uncertainty." 06 May 13 May https://thefly.com - 1 month ago
Terreno Leases 100% of Countyline Corporate Park Phase IV Building 33 TRNO's securing of a 100% lease of Countyline Corporate Park Phase IV Building 33 in Hialeah, FL, reflects solid demand for its properties. zacks.com - 1 month ago
Terreno Realty Corporation Announces Leases in Hialeah, FL BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Leases in Hialeah, FL. businesswire.com - 1 month ago
Terreno Realty: A 'Moat-Worthy' REIT Powered By The Trump Factor Terreno Realty is a "wide moat" REIT with superior location advantages in six major U.S. coastal markets, driving strong market rent performance. TRNO boasts a conservative capital structure with low net debt/EBITDA and minimal refinancing headwinds, enhancing its financial stability and growth potential. TRNO's superior real estate and defensive balance sheet lead to attractive operating fundamentals, with analysts forecasting 10% growth in 2025, outperforming peers. seekingalpha.com - 2 months ago
8. Profile Summary

Terreno Realty Corporation TRNO

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 5.8 B
Dividend Yield 0.83%
Description {Terreno Realty Corporation and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, 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, 2020, the Company owned 219 buildings aggregating approximately 13.1 million square feet, 22 improved land parcels consisting of approximately 85.0 acres and one property under redevelopment expected to contain approximately 0.2 million square feet upon completion. 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 (the Code), commencing with its taxable year ended December 31, 2010.}
Contact 10500 NE 8th Street, Bellevue, WA, 98004 https://www.terreno.com
IPO Date Feb. 10, 2010
Employees 49
Officers Mr. John Tull Meyer Executive Vice President & Chief Operating Officer Mr. W. Blake Baird Co-Founder, Chairman & Chief Executive Officer Mr. Jaime Jackson Cannon CPA Executive Vice President, Chief Financial Officer, Head of Investor Relations, Secretary & Principal Accounting Officer Mr. Michael A. Coke CPA Co-Founder, President & Director