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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $476.38M | $382.62M | $323.59M | $276.21M | $221.93M | $186.88M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $47.27M | $42.59M | $37.94M | $31.19M | $26.96M | $23.49M |
| Total Operating Expenses | $284.30M | $234.66M | $190.46M | $167.32M | $134.07M | $118.73M |
| D&A | $121.58M | $93.92M | $73.22M | $65.76M | $50.69M | $45.88M |
| Operating Income | - | - | - | - | - | - |
| Interest Expense | $32.86M | $20.92M | $24.80M | $23.85M | $18.05M | $16.00M |
| Income Tax | - | - | - | - | - | - |
| Net Income | $402.99M | $184.50M | $151.46M | $198.01M | $87.25M | $79.80M |
| EPS - Basic | $3.92 | $1.92 | $1.81 | $2.61 | $1.23 | $1.17 |
| EPS - Diluted | $3.91 | $1.92 | $1.81 | $2.61 | $1.23 | $1.16 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $25.02M | $18.07M | $165.40M | $26.39M | $204.40M | $107.18M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $5.39B | $4.77B | $3.90B | $3.16B | $2.92B | $2.14B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $943.34M | $823.44M | $771.56M | $770.82M | $720.67M | $459.12M |
| Total Liabilities | $1.24B | $1.11B | $990.05M | $934.59M | $866.25M | $551.64M |
| Stockholders' Equity | $4.15B | $3.66B | $2.91B | $2.23B | $2.06B | $1.59B |
| Retained Earnings | $289.12M | $95.29M | $95.58M | $88.27M | $2.80M | $5.93M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $271.86M | $232.69M | $179.68M | $143.21M | $132.21M | $101.05M |
| Investing Cash Flow | ($452.39M) | ($915.48M) | ($570.39M) | ($337.66M) | ($666.44M) | ($52.09M) |
| Financing Cash Flow | $187.76M | $534.91M | $528.86M | $17.73M | $631.20M | ($53.87M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | 84.6% | 48.2% | 46.8% | 71.7% | 39.3% | 42.7% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.9% | 11.1% | 11.7% | 11.3% | 12.1% | 12.6% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 7.5% | 3.9% | 3.9% | 6.3% | 3.0% | 3.7% |
| Return on equity | 9.7% | 5.0% | 5.2% | 8.9% | 4.2% | 5.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.23 | 0.22 | 0.26 | 0.35 | 0.35 | 0.29 |
| Debt / Assets | 0.18 | 0.17 | 0.20 | 0.24 | 0.25 | 0.21 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.30 | 1.30 | 1.34 | 1.42 | 1.42 | 1.35 |
| Liabilities / Assets | 0.23 | 0.23 | 0.25 | 0.30 | 0.30 | 0.26 |
| Efficiency | ||||||
| Asset turnover | 0.09 | 0.08 | 0.08 | 0.09 | 0.08 | 0.09 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 15.0x | 30.8x | 34.6x | 21.8x | 69.3x | 50.4x |
| P / B | 1.5x | 1.5x | 1.8x | 1.9x | 2.9x | 2.5x |
| P / S | 12.7x | 14.8x | 16.1x | 15.6x | 27.2x | 21.3x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 24.5% | 18.2% | 17.2% | 24.5% | 18.8% | 9.3% |
| Revenue CAGR (3y) | 19.9% | 19.9% | 20.1% | 17.3% | 27.0% | - |
| Revenue CAGR (5y) | 20.6% | 17.5% | 24.4% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - |
| Net income growth (YoY) | 118.4% | 21.8% | -23.5% | 126.9% | 9.3% | 43.7% |
| EPS growth (YoY) | 103.6% | 6.1% | -30.7% | 112.2% | 6.0% | 36.5% |
| EPS CAGR (3y) | 14.4% | 16.0% | 16.0% | 45.3% | - | - |
| EPS CAGR (5y) | 27.5% | 17.7% | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 13.2% | 25.7% | 30.7% | 8.4% | 29.6% | 4.7% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
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 |