TRNO · Terreno Realty Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $124.44M | - | $116.25M | $112.23M | $110.42M | - | $99.64M | $94.25M | $85.03M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $12.43M | - | $11.58M | $12.35M | $11.73M | - | $10.78M | $10.54M | $10.51M | - |
| Total Operating Expenses | $73.75M | - | $68.29M | $68.51M | $67.43M | - | $60.44M | $57.36M | $52.34M | - |
| D&A | $29.49M | - | $28.38M | $28.02M | $26.93M | - | $24.06M | $23.01M | $20.94M | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $8.99M | - | $8.37M | $7.04M | $5.24M | - | $4.90M | $5.52M | $5.24M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | $69.43M | - | $103.38M | $93.27M | $48.13M | - | $36.64M | $35.70M | $36.06M | - |
| EPS - Basic | $0.66 | - | $1.00 | $0.90 | $0.48 | - | $0.37 | $0.37 | $0.40 | - |
| EPS - Diluted | $0.66 | - | $1.00 | $0.90 | $0.47 | - | $0.37 | $0.37 | $0.40 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $87.87M | $25.02M | $26.15M | $128.37M | $156.50M | $18.07M | $243.67M | $181.99M | $649.58M | $165.40M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $5.55B | $5.39B | $5.33B | $4.98B | $4.91B | $4.77B | $4.57B | $4.47B | $4.44B | $3.90B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $942.05M | $943.34M | $1.02B | $742.39M | $741.91M | $823.44M | $672.16M | $771.98M | $771.77M | $771.56M |
| Total Liabilities | $1.26B | $1.24B | $1.33B | $1.04B | $1.01B | $1.11B | $939.58M | $1.03B | $994.22M | $990.05M |
| Stockholders' Equity | $4.30B | $4.15B | $4.00B | $3.94B | $3.90B | $3.66B | $3.63B | $3.44B | $3.44B | $2.91B |
| Retained Earnings | $303.27M | $289.12M | $185.04M | $135.43M | $92.79M | $95.29M | $68.06M | $80.29M | $88.12M | $95.58M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $61.93M | - | - | - | $61.43M | - | - | - | $47.04M | - |
| Investing Cash Flow | ($73.66M) | - | - | - | ($23.83M) | - | - | - | ($48.58M) | - |
| Financing Cash Flow | $74.71M | - | - | - | $101.17M | - | - | - | $495.76M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 55.8% | - | 88.9% | 83.1% | 43.6% | - | 36.8% | 37.9% | 42.4% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.0% | - | 10.0% | 11.0% | 10.6% | - | 10.8% | 11.2% | 12.4% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | 1.3% | - | 1.9% | 1.9% | 1.0% | - | 0.8% | 0.8% | 0.8% | - |
| Return on equity | 1.6% | - | 2.6% | 2.4% | 1.2% | - | 1.0% | 1.0% | 1.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.22 | 0.23 | 0.26 | 0.19 | 0.19 | 0.22 | 0.19 | 0.22 | 0.22 | 0.26 |
| Debt / Assets | 0.17 | 0.18 | 0.19 | 0.15 | 0.15 | 0.17 | 0.15 | 0.17 | 0.17 | 0.20 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.29 | 1.30 | 1.33 | 1.26 | 1.26 | 1.30 | 1.26 | 1.30 | 1.29 | 1.34 |
| Liabilities / Assets | 0.23 | 0.23 | 0.25 | 0.21 | 0.21 | 0.23 | 0.21 | 0.23 | 0.22 | 0.25 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.02 | 0.02 | 0.02 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 93.1x | - | 56.8x | 62.3x | 134.5x | - | 180.6x | 159.9x | 166.0x | - |
| P / B | 1.5x | - | 1.5x | 1.5x | 1.6x | - | 1.8x | 1.7x | 1.7x | - |
| P / S | 51.9x | - | 50.3x | 51.5x | 57.9x | - | 65.6x | 60.5x | 69.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 12.7% | - | 16.7% | 19.1% | 29.9% | - | 20.2% | 18.5% | 13.9% | - |
| Revenue CAGR (3y) | 18.6% | - | 18.0% | 19.7% | 19.9% | - | 20.3% | 20.9% | 18.8% | - |
| Revenue CAGR (5y) | 19.7% | - | 19.8% | 19.7% | 19.6% | - | 18.1% | 17.7% | 15.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | 44.3% | - | 182.1% | 161.3% | 33.5% | - | 20.9% | -11.3% | 54.6% | - |
| EPS growth (YoY) | 40.4% | - | 170.3% | 143.2% | 17.5% | - | 2.8% | -22.9% | 37.9% | - |
| EPS CAGR (3y) | 31.5% | - | 49.4% | -11.1% | 21.8% | - | 7.2% | 14.0% | 18.6% | - |
| EPS CAGR (5y) | 22.4% | - | 24.8% | 14.9% | 19.9% | - | 11.0% | 18.3% | 9.9% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 10.3% | 13.2% | 10.0% | 14.6% | 13.1% | 25.7% | 32.7% | 29.9% | 32.5% | 30.7% |
Peer comparison
Same SIC group: Real Estate
Comparing Terreno Realty Corp against the 5 most active filers in the same SIC group.
Dividends
$2.05/share trailing 12 months · +6.8% YoY
| Ex-date | Per share |
|---|---|
| Mar 27, 2026 | $0.5200 |
| Dec 15, 2025 | $0.5200 |
| Sep 29, 2025 | $0.5200 |
| Jun 27, 2025 | $0.4900 |
| Mar 27, 2025 | $0.4900 |
| Dec 13, 2024 | $0.4900 |
| Sep 30, 2024 | $0.4900 |
| Jun 28, 2024 | $0.4500 |
| Mar 27, 2024 | $0.4500 |
| Dec 14, 2023 | $0.4500 |
| Sep 28, 2023 | $0.4500 |
| Jun 29, 2023 | $0.4000 |
| Mar 30, 2023 | $0.4000 |
| Dec 29, 2022 | $0.4000 |
| Sep 29, 2022 | $0.4000 |
| Jun 29, 2022 | $0.3400 |
| Mar 24, 2022 | $0.3400 |
| Dec 14, 2021 | $0.3400 |
| Sep 30, 2021 | $0.3400 |
| Jun 29, 2021 | $0.2900 |
| Mar 25, 2021 | $0.2900 |
| Dec 14, 2020 | $0.2900 |
| Oct 1, 2020 | $0.2900 |
| Jun 29, 2020 | $0.2700 |