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Real Estate - REIT - Industrial - NYSE - US
$ 60.66
-0.312 %
$ 6.05 B
Market Cap
33.33
P/E
1. INTRINSIC VALUE

{"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."}[ Read More ]

The intrinsic value of one TRNO stock under the base case scenario is HIDDEN Compared to the current market price of 60.7 USD, Terreno Realty Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TRNO

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FINANCIALS
324 M REVENUE
17.15%
207 M OPERATING INCOME
62.10%
151 M NET INCOME
-23.51%
180 M OPERATING CASH FLOW
25.46%
-570 M INVESTING CASH FLOW
-68.92%
529 M FINANCING CASH FLOW
2882.20%
99.6 M REVENUE
5.72%
74 M OPERATING INCOME
100.73%
36.9 M NET INCOME
3.96%
70 M OPERATING CASH FLOW
8.80%
-58.3 M INVESTING CASH FLOW
88.30%
49.8 M FINANCING CASH FLOW
213.75%
Balance Sheet Decomposition Terreno Realty Corporation
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Current Assets 221 M
Cash & Short-Term Investments 165 M
Receivables 0
Other Current Assets 55.7 M
Non-Current Assets 3.68 B
Long-Term Investments 0
PP&E 0
Other Non-Current Assets 3.68 B
Current Liabilities 572 M
Accounts Payable 61.8 M
Short-Term Debt 100 M
Other Current Liabilities 411 M
Non-Current Liabilities 418 M
Long-Term Debt 84.7 M
Other Non-Current Liabilities 333 M
EFFICIENCY
Earnings Waterfall Terreno Realty Corporation
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Revenue 324 M
Cost Of Revenue 79.1 M
Gross Profit 245 M
Operating Expenses 37.9 M
Operating Income 207 M
Other Expenses 55.1 M
Net Income 151 M
RATIOS
75.56% GROSS MARGIN
75.56%
63.84% OPERATING MARGIN
63.84%
46.81% NET MARGIN
46.81%
5.20% ROE
5.20%
3.88% ROA
3.88%
6.85% ROIC
6.85%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Terreno Realty Corporation
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Net Income 151 M
Depreciation & Amortization 59.3 M
Capital Expenditures -53.1 M
Stock-Based Compensation 13.5 M
Change in Working Capital 537 K
Others -51.7 M
Free Cash Flow 127 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 $69.8 , with forecasts ranging from a low of $59 to a high of $80 .
TRNO Lowest Price Target Wall Street Target
59 USD -2.74%
TRNO Average Price Target Wall Street Target
69.8 USD 14.99%
TRNO Highest Price Target Wall Street Target
80 USD 31.88%
4. DIVIDEND ANALYSIS
0.67% DIVIDEND YIELD
0.49 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Terreno Realty Corporation
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
1.28 M USD 3
6-9 MONTHS
0 USD 0
9-12 MONTHS
387 K USD 2
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
Date Value Insider Amount Avg Price
3 months ago
Aug 09, 2024
Sell 514 K USD
COKE MICHAEL A
PRESIDENT
- 7500
68.53 USD
3 months ago
Aug 09, 2024
Sell 422 K USD
Meyer John Tull
EVP
- 6145
68.64 USD
3 months ago
Aug 09, 2024
Sell 342 K USD
Cannon Jaime Jackson
CFO
- 4998
68.39 USD
11 months ago
Dec 14, 2023
Sell 93.1 K USD
Weston Melinda
Chief Accounting Officer
- 1500
62.06 USD
11 months ago
Dec 08, 2023
Sell 294 K USD
CARLSON LEROY E
Director
- 5000
58.77 USD
1 year ago
Aug 04, 2023
Sell 596 K USD
COKE MICHAEL A
PRESIDENT
- 10000
59.6 USD
1 year ago
Dec 02, 2022
Sell 234 K USD
CARLSON LEROY E
Director
- 4000
58.49 USD
2 years ago
May 11, 2022
Bought 64 K USD
PASQUALE DOUGLAS M
Director
+ 1000
64 USD
2 years ago
May 10, 2022
Bought 64.5 K USD
PASQUALE DOUGLAS M
director:
+ 1000
64.49 USD
2 years ago
May 09, 2022
Bought 64 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 1000
64 USD
5 years ago
Feb 08, 2019
Bought 210 K USD
Lee David M
Director
+ 5000
42.04 USD
6 years ago
Jun 12, 2018
Bought 209 K USD
Parcella Gabriela Franco
Director
+ 5500
37.97 USD
9 years ago
Sep 01, 2015
Bought 49.4 K USD
PASQUALE DOUGLAS M
Director
+ 2500
19.75 USD
9 years ago
Sep 01, 2015
Bought 20 K USD
PASQUALE DOUGLAS M
Director
+ 1000
20.01 USD
9 years ago
Jun 29, 2015
Bought 9.75 K USD
PASQUALE DOUGLAS M
Director
+ 500
19.5 USD
9 years ago
Jun 29, 2015
Bought 19.8 K USD
PASQUALE DOUGLAS M
Director
+ 1000
19.75 USD
9 years ago
Jun 29, 2015
Bought 27.1 K USD
PASQUALE DOUGLAS M
Director
+ 1354
19.99 USD
9 years ago
Jun 29, 2015
Bought 9.98 K USD
PASQUALE DOUGLAS M
Director
+ 500
19.95 USD
9 years ago
May 21, 2015
Bought 20.5 K USD
PASQUALE DOUGLAS M
Director
+ 1000
20.5 USD
10 years ago
Mar 12, 2014
Bought 3.53 K USD
PASQUALE DOUGLAS M
Director
+ 200
17.67 USD
10 years ago
Mar 12, 2014
Bought 5.31 K USD
PASQUALE DOUGLAS M
Director
+ 300
17.69 USD
10 years ago
Mar 12, 2014
Bought 17.7 K USD
PASQUALE DOUGLAS M
Director
+ 1000
17.68 USD
11 years ago
Nov 20, 2013
Bought 16.8 K USD
PASQUALE DOUGLAS M
Director
+ 1000
16.76 USD
11 years ago
Nov 19, 2013
Bought 16.8 K USD
PASQUALE DOUGLAS M
Director
+ 1000
16.85 USD
11 years ago
Nov 19, 2013
Bought 17 K USD
PASQUALE DOUGLAS M
Director
+ 1000
17.01 USD
11 years ago
Nov 19, 2013
Bought 7.55 K USD
PASQUALE DOUGLAS M
Director
+ 441
17.11 USD
11 years ago
Nov 18, 2013
Bought 26.7 K USD
PASQUALE DOUGLAS M
Director
+ 1559
17.11 USD
11 years ago
Nov 18, 2013
Bought 17.4 K USD
PASQUALE DOUGLAS M
Director
+ 1000
17.38 USD
11 years ago
Nov 18, 2013
Bought 32.7 K USD
PASQUALE DOUGLAS M
Director
+ 1901
17.21 USD
11 years ago
Nov 15, 2013
Bought 1.7 K USD
PASQUALE DOUGLAS M
Director
+ 99
17.21 USD
11 years ago
Nov 12, 2013
Bought 23.1 K USD
Merlone Peter J
Director
+ 1349
17.13 USD
11 years ago
Nov 13, 2013
Bought 54.7 K USD
Merlone Peter J
Director
+ 3178
17.2 USD
11 years ago
Nov 12, 2013
Bought 76.9 K USD
Merlone Peter J
Director
+ 4500
17.09 USD
11 years ago
Nov 12, 2013
Bought 22.6 K USD
Merlone Peter J
Director
+ 1322
17.1 USD
11 years ago
Nov 12, 2013
Bought 21.3 K USD
Merlone Peter J
Director
+ 1250
17.08 USD
11 years ago
Nov 11, 2013
Bought 82 K USD
Merlone Peter J
Director
+ 4781
17.15 USD
11 years ago
Aug 21, 2013
Bought 17.3 K USD
POLK DENNIS
Director
+ 1000
17.32 USD
11 years ago
Aug 21, 2013
Bought 17.1 K USD
PASQUALE DOUGLAS M
Director
+ 1000
17.1 USD
11 years ago
Aug 19, 2013
Bought 17.2 K USD
PASQUALE DOUGLAS M
Director
+ 1000
17.25 USD
11 years ago
Aug 16, 2013
Bought 35 K USD
PASQUALE DOUGLAS M
Director
+ 2000
17.5 USD
11 years ago
Aug 16, 2013
Bought 17.8 K USD
PASQUALE DOUGLAS M
Director
+ 1000
17.75 USD
11 years ago
Jul 17, 2013
Bought 91.2 K USD
Merlone Peter J
Director
+ 5000
18.25 USD
11 years ago
Jul 17, 2013
Bought 97.6 K USD
PASQUALE DOUGLAS M
Director
+ 5350
18.25 USD
11 years ago
Jul 17, 2013
Bought 18.2 K USD
Cannon Jaime Jackson
CFO
+ 1000
18.25 USD
11 years ago
Jul 17, 2013
Bought 91.2 K USD
CARLSON LEROY E
Director
+ 5000
18.25 USD
11 years ago
Jul 17, 2013
Bought 383 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 21000
18.25 USD
11 years ago
Jul 17, 2013
Bought 54.8 K USD
COKE MICHAEL A
PRESIDENT
+ 3000
18.25 USD
11 years ago
Feb 22, 2013
Bought 996 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 60000
16.6 USD
11 years ago
Feb 22, 2013
Bought 83 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 5000
16.6 USD
11 years ago
Feb 22, 2013
Bought 83 K USD
CARLSON LEROY E
Director
+ 5000
16.6 USD
11 years ago
Feb 22, 2013
Bought 91.3 K USD
PASQUALE DOUGLAS M
Director
+ 5500
16.6 USD
11 years ago
Feb 22, 2013
Bought 41.5 K USD
POLK DENNIS
Director
+ 2500
16.6 USD
12 years ago
Aug 28, 2012
Bought 26 K USD
PASQUALE DOUGLAS M
Director
+ 1000
26 USD
12 years ago
May 23, 2012
Bought 9.85 K USD
PASQUALE DOUGLAS M
Director
+ 708
13.9089 USD
12 years ago
May 10, 2012
Bought 5.57 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 400
13.93 USD
12 years ago
Jan 13, 2012
Bought 0 USD
Merlone Peter J
Director
+ 25000
0 USD
12 years ago
Jan 13, 2012
Bought 35.6 K USD
POLK DENNIS
Director
+ 2500
14.25 USD
12 years ago
Jan 13, 2012
Bought 0 USD
CARLSON LEROY E
Director
+ 5000
0 USD
12 years ago
Jan 13, 2012
Bought 487 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 34150
14.25 USD
12 years ago
Jan 13, 2012
Bought 142 K USD
PASQUALE DOUGLAS M
Director
+ 10000
14.25 USD
12 years ago
Jan 13, 2012
Bought 142 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 10000
14.25 USD
13 years ago
Aug 23, 2011
Bought 9.79 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 657
14.9 USD
13 years ago
Aug 11, 2011
Bought 126 USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 8
15.78 USD
13 years ago
Aug 11, 2011
Bought 1.49 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 96
15.54 USD
13 years ago
Aug 11, 2011
Bought 1.57 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 100
15.69 USD
13 years ago
Aug 11, 2011
Bought 2.99 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 192
15.57 USD
13 years ago
Aug 11, 2011
Bought 6.28 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 404
15.55 USD
13 years ago
Aug 11, 2011
Bought 3.83 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 244
15.7 USD
13 years ago
Aug 11, 2011
Bought 4.01 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 256
15.66 USD
13 years ago
Aug 11, 2011
Bought 10.2 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 651
15.73 USD
13 years ago
Aug 11, 2011
Bought 4.72 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 300
15.72 USD
13 years ago
Aug 11, 2011
Bought 1.57 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 100
15.74 USD
13 years ago
Aug 11, 2011
Bought 3.12 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 200
15.61 USD
13 years ago
Aug 11, 2011
Bought 15.5 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 1000
15.526 USD
13 years ago
Aug 11, 2011
Bought 15.6 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 1000
15.5955 USD
13 years ago
Aug 11, 2011
Bought 22.6 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 1449
15.6 USD
13 years ago
Aug 11, 2011
Bought 30.9 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 2000
15.45 USD
13 years ago
Aug 10, 2011
Bought 9.44 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 601
15.7 USD
13 years ago
Aug 10, 2011
Bought 7.85 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 500
15.699 USD
13 years ago
Aug 10, 2011
Bought 14.1 K USD
COKE MICHAEL A
PRESIDENT AND CFO
+ 899
15.72 USD
13 years ago
Aug 11, 2011
Bought 15.7 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 1000
15.7 USD
13 years ago
Aug 11, 2011
Bought 15.4 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 1000
15.45 USD
13 years ago
Aug 11, 2011
Bought 15.2 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 1000
15.25 USD
13 years ago
Aug 10, 2011
Bought 15.7 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 1000
15.72 USD
13 years ago
Aug 10, 2011
Bought 15.6 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 1000
15.62 USD
13 years ago
May 10, 2011
Bought 113 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 6700
16.9117 USD
13 years ago
May 09, 2011
Bought 3.35 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 200
16.74 USD
13 years ago
May 09, 2011
Bought 8.35 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 500
16.695 USD
13 years ago
May 09, 2011
Bought 20 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 1200
16.6396 USD
13 years ago
May 09, 2011
Bought 16.8 K USD
BAIRD W BLAKE
CHAIRMAN AND CEO
+ 1000
16.7925 USD
14 years ago
Feb 26, 2010
Sell 744 K USD
APG Asset Management US Inc.
10 percent owner
- 40000
18.6058 USD
14 years ago
Mar 05, 2010
Sell 76.1 K USD
APG Asset Management US Inc.
10 percent owner
- 4000
19.034 USD
14 years ago
Feb 16, 2010
Bought 5 M USD
BAIRD W BLAKE
Chairman and CEO
+ 250000
20 USD
14 years ago
Feb 16, 2010
Bought 2 M USD
COKE MICHAEL A
President and CFO
+ 100000
20 USD
7. News
Terreno Realty Corporation Sells Property in Union City, CA for $13.0 Million BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Union City, CA for $13.0 Million. businesswire.com - 2 days ago
Terreno Realty Corporation Announces Lease Renewal in Jamaica Queens, NY BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease Renewal in Jamaica Queens, NY. businesswire.com - 1 week ago
Terreno Realty Corporation Announces Development Start in Hialeah, FL BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Start in Hialeah, FL -Building 34 70% pre-leased. businesswire.com - 2 weeks 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
FMR LLC Bolsters Stake in Terreno Realty Corp On September 30, 2024, FMR LLC (Trades, Portfolio), a prominent investment firm, expanded its holdings in Terreno Realty Corp (TRNO, Financial) by acquiring an additional 1,460,862 shares. This transaction, executed at a price of $66.83 per share, increased FMR LLC (Trades, Portfolio)'s total stake in the company to 10,563,453 shares, reflecting a significant commitment to TRNO within its diverse portfolio. gurufocus.com - 1 month ago
Terreno Concludes Development of Distribution Building in Hialeah TRNO completes the development and stabilization of Building 39 in Hialeah, FL, poising it well to capitalize on favorable industrial real estate market fundamentals. zacks.com - 1 month ago
Terreno Realty Corporation Announces Lease in Elizabeth, NJ BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Elizabeth, NJ. businesswire.com - 1 month ago
Terreno Realty Corporation Announces Development Completion in Hialeah, FL BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Completion in Hialeah, FL. businesswire.com - 1 month ago
13 Upcoming Dividend Increases Including 2 Kings Next week features 13 dividend increases, including Illinois Tool Works (7.4%) and Federal Realty Investment Trust (0.9%), both Dividend Kings. My strategy focuses on buying, holding, and adding companies with consistent dividend growth and market outperformance, using data from U.S. Dividend Champions and NASDAQ. I use SCHD and RNP as benchmarks; if a stock can't outperform these, I prefer investing in the ETFs. seekingalpha.com - 1 month ago
Terreno Realty Corporation Closes $800 Million Unsecured Credit Facility BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Closes $800 Million Unsecured Credit Facility. businesswire.com - 1 month ago
Terreno Realty: Valuation Premium Makes It Inferior Pick In The Industrial Sector Terreno Realty Corporation operates in high-density coastal markets with a strong portfolio, focusing on warehouse, light industrial, R&D, and transshipment properties. Despite market oversupply and cooling demand, TRNO maintains a 96% occupancy rate and achieves significant cash rent increases upon lease expirations. TRNO's short-term weighted average lease term allows for rapid rent adjustments, benefiting from market improvements and potential interest rate cuts. seekingalpha.com - 2 months ago
Terreno Realty: Strong NOI Growth Is Already Priced In Terreno Realty is an industrial REIT focused on Warehouse/distribution properties, with the company's largest market being Northern New Jersey/New York City. The shares have marginally outperformed the Vanguard Real Estate Index Fund so far in 2024, delivering a 12% total return. I expect the company to perform in line with real estate ETFs going forward, with positives such as strong NOI growth offset by an expensive valuation and low gearing. seekingalpha.com - 2 months ago
8. Profile Summary

Terreno Realty Corporation TRNO

image
COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 6.05 B
Dividend Yield 0.67%
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 42
Officers Mr. W. Blake Baird Co-Founder, Chairman & Chief Executive Officer Mr. Michael A. Coke CPA Co-Founder, President & Director Mr. John Tull Meyer Executive Vice President & Chief Operating Officer