Terreno Realty Corporation

Terreno Realty Corporation

TRNO · NYSE · Real Estate / REIT - Industrial

66.95USD+0.42 (+0.63%)

Price History

Full chart

Market Stats

Previous Close66.53
Open67.10
Day Range66.56 – 67.55
52-Week Range54.54 – 78.94
Volume782.90K
Market Cap7.25B
P/E (TTM)17.90
Forward P/E80.00
EPS3.72
Dividend Yield3.45%
Beta1.04
50-Day Avg68.34
200-Day Avg65.23

About

Terreno Realty Corporation an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets. The firm announced today that it has executed new renewal leases totaling 233,000 square feet at Countyline Corporate Park Phase III in Hialeah, Florida. Countyline Corporate Park Buildings 26 and 28 total 422,000 square feet and are currently 100% leased to six tenants with 83,000 square feet expiring April 2027. To facilitate the new leases, Terreno Realty Corporation has executed an early termination effective July 31, 2026, with the tenant that was to expire April 2027. A provider of turbine engine disassembly, repair, logistics and storage services will relocate from 106,000 square feet in Building 28 expiring April 2030 to 83,000 square feet in Building 26. The lease will commence August 1, 2026, and expire March 2035. Terreno Realty Corporation has executed an early renewal and expansion lease with a global wholesale packaging provider in Building 28. The early renewal for 43,000 square feet will commence October 1, 2027, and expire January 2035. The expansion lease for 106,000 square feet is expected to commence November 1, 2026, and will expire in January 2035. After commencement of the new leases Countyline Corporate Park Buildings 26 and 28 will be 100% leased to five tenants. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle; and Washington, D.C. Terreno Realty Corporation was incorporated on 6th November 2009 and is based in Bellevue, United States.

Company Details

  • SectorReal Estate
  • IndustryREIT - Industrial
  • CEOMr. W. Blake Baird
  • Employees47
  • Headquarters10500 NE 8th Street, Bellevue, WA, United States, 98004-8617, USA
  • Websitehttps://www.terreno.com

Leadership

  • Mr. W. Blake BairdCo-Founder, Chairman & CEO · b. 1961
  • Mr. Michael A. Coke CPACo-Founder, President & Director · b. 1968
  • Mr. Jaime Jackson Cannon CPAExecutive VP, CFO, Head of Investor Relations, Secretary & Principal Accounting Officer · b. 1975
  • Mr. John Tull MeyerExecutive VP & COO · b. 1960

Financials

Income Statement

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue4.03M17.50M31.17M45.53M68.88M95.89M108.42M132.48M151.66M171.02M186.88M221.93M276.21M323.59M382.62M476.38M
Growth (%)-+334.19%+78.11%+46.05%+51.28%+39.23%+13.06%+22.20%+14.47%+12.77%+9.27%+18.75%+24.46%+17.15%+18.24%+24.51%
Cost of Revenue1.29M6.33M8.99M12.77M19.16M26.66M30.32M35.87M39.99M44.20M49.10M56.25M68.90M79.08M98.09M115.10M
Gross Profit2.74M11.17M22.19M32.76M49.71M69.24M78.09M96.61M111.67M126.82M137.79M165.68M207.31M244.50M284.53M361.28M
Gross Margin68.07%63.83%71.17%71.95%72.18%72.20%72.03%72.92%73.63%74.15%73.73%74.66%75.05%75.56%74.36%75.84%
Operating Expense7.61M12.29M12.65M19.90M32.41M45.00M49.92M26.74M30.17M23.92M23.49M77.65M96.95M111.15M136.50M168.85M
Operating Income-4.87M-1.12M9.54M12.86M17.31M24.24M28.17M69.87M81.50M102.90M114.30M88.03M110.35M133.35M148.03M192.43M
Operating Margin-120.71%-6.38%30.59%28.23%25.13%25.28%25.98%52.74%53.74%60.17%61.16%39.67%39.95%41.21%38.69%40.39%
EBITDA-1.09M1.68M14.77M21.15M36.48M60.27M62.57M107.74M122.32M98.22M108.88M156.00M287.63M249.47M299.33M557.43M
EBITDA Margin-27.04%9.58%47.38%46.45%52.96%62.85%57.71%81.32%80.65%57.43%58.26%70.29%104.13%77.10%78.23%117.01%
Net Income-5.39M-3.73M4.07M6.64M10.72M14.60M15.12M53.09M63.29M55.52M79.80M87.25M198.01M151.46M184.50M402.99M
Net Income Margin-133.71%-21.31%13.04%14.59%15.56%15.23%13.94%40.08%41.73%32.46%42.70%39.32%71.69%46.81%48.22%84.59%
R&D-000000.140.40.40.310.410.390.720.47--
R&D as % of Total Revenue-0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense524.00K2.61M5.47M6.21M6.59M9.64M13.05M16.78M18.21M16.34M16.00M18.05M23.85M24.80M20.92M32.86M
Interest Expense % of Total Revenue13.00%14.92%17.55%13.65%9.57%10.05%12.04%12.66%12.01%9.55%8.56%8.13%8.63%7.66%5.47%6.90%

Balance Sheet

Currency: USD2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.00K194.38M267.05M445.32M645.32M1.08B1.15B1.28B1.57B1.80B2.11B2.14B2.92B3.16B3.90B4.77B5.39B
Total Liabilities-1.00K28.88M108.04M190.04M206.49M329.73M419.06M467.18M540.38M548.71M591.34M551.64M866.25M934.59M990.05M1.11B1.24B
Total Equity1.00K165.50M159.01M255.27M438.83M747.04M733.08M811.80M1.03B1.25B1.52B1.59B2.06B2.23B2.91B3.66B4.15B
Cash1.00K57.25M3.25M5.93M6.99M190.60M22.45M14.21M35.71M31.00M110.08M107.18M204.40M26.39M165.40M18.07M25.02M
Total Debt-17.68M99.31M183.68M189.31M319.31M498.92M433.55M730.91M486.99M866.95M833.87M1.39B1.39B771.56M823.44M943.34M
Net Debt-1.00K-39.58M96.07M171.11M182.32M113.90M359.02M401.12M425.97M431.09M381.49M351.94M516.27M744.42M606.16M805.37M918.32M

Cash Flow

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-2.21M2.15M9.75M13.49M29.32M42.07M49.24M69.50M77.60M94.69M101.05M132.21M143.21M179.68M232.69M271.86M
Investing Cash Flow-116.39M-105.88M-160.18M-201.87M-249.92M-255.36M-151.24M-249.12M-234.96M-251.48M-52.09M-666.44M-337.66M-570.39M-915.48M-452.39M
Financing Cash Flow175.85M49.73M153.11M189.43M404.21M45.14M93.76M203.94M149.04M235.05M-53.87M631.20M17.73M528.86M534.91M187.76M
Capital Expenditure096.93M10.21M9.53M19.73M18.85M26.94M27.41M28.98M32.07M31.61M51.29M66.61M53.05M46.43M63.41M
Free Cash Flow-2.21M-94.78M-463.00K3.96M9.59M23.22M22.30M42.09M48.62M62.62M69.44M80.92M76.60M126.62M186.25M208.46M
Dividends Paid-2.79M7.10M13.23M19.34M31.11M36.75M43.87M51.45M63.56M74.78M84.63M107.41M135.85M174.97M203.89M
FCF to OCF100.00%-4410.28%-4.75%29.37%32.71%55.20%45.30%60.57%62.66%66.13%68.72%61.21%53.49%70.47%80.04%76.68%
Dividend Paid to FCF--2.94%-1533.69%333.85%201.57%133.97%164.75%104.21%105.81%101.51%107.69%104.58%140.23%107.29%93.94%97.81%

Earnings

Report DateMay 14, 2010Aug 12, 2010Nov 12, 2010Feb 24, 2011May 5, 2011Aug 8, 2011Nov 8, 2011Feb 22, 2012May 7, 2012Aug 7, 2012Nov 7, 2012Feb 15, 2013May 8, 2013Aug 7, 2013Nov 6, 2013Feb 19, 2014May 12, 2014Aug 11, 2014Nov 3, 2014Feb 11, 2015May 6, 2015Aug 5, 2015Nov 4, 2015Feb 10, 2016May 4, 2016Jul 27, 2016Nov 2, 2016Feb 8, 2017May 3, 2017Aug 2, 2017Nov 1, 2017Feb 7, 2018May 2, 2018Aug 2, 2018Nov 1, 2018Feb 6, 2019May 1, 2019Jul 31, 2019Oct 30, 2019Feb 6, 2020May 6, 2020Aug 5, 2020Nov 4, 2020Feb 10, 2021May 5, 2021Aug 4, 2021Nov 3, 2021Feb 9, 2022May 4, 2022Aug 3, 2022Nov 2, 2022Feb 8, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 7, 2024May 8, 2024Aug 6, 2024Nov 6, 2024Feb 4, 2025May 7, 2025Aug 6, 2025Nov 5, 2025Feb 4, 2026May 6, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate-0.12-0.05-0.06-0.01-0.07-0.09-0.11-0.06--0.020.05----0.040.070.030.070.020.070.140.050.060.040.050.070.070.080.140.090.140.110.140.160.190.180.190.180.200.190.190.200.180.220.240.250.250.280.280.290.310.290.300.340.360.370.360.370.360.350.370.650.510.350.700.72
EPS Actual-0.08-0.15-0.30-0.06-0.11-0.08-0.03-0.02-0.020.020.020.20-0.01-0.000.020.050.040.060.080.05-0.040.230.08-0.080.030.040.010.020.100.090.060.100.120.150.170.160.180.160.200.180.190.190.200.200.240.250.260.250.261.300.300.300.290.480.360.680.340.370.370.760.360.370.670.460.400.70-
Surprise33.33%-200.00%-400.00%-500.00%-57.14%11.11%72.73%66.67%-200.00%-60.00%----25.00%-42.86%100.00%14.29%150.00%-157.14%64.29%60.00%-233.33%-25.00%-20.00%-85.71%-71.43%25.00%-35.71%-33.33%-28.57%9.09%7.14%6.25%-15.79%0.00%-15.79%11.11%-10.00%0.00%0.00%0.00%11.11%9.09%4.17%4.00%0.00%-7.14%364.29%3.45%-3.23%0.00%60.00%5.88%88.89%-8.11%2.78%0.00%111.11%2.86%0.00%3.08%-9.80%14.29%0.00%-
Timing----Pre-marketPre-marketPre-market-Pre-marketAfter-hoursPre-market-Pre-marketPre-market----Pre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap7.25B
Enterprise Value8.09B
Trailing P/E17.90
Forward P/E80.00
PEG Ratio7.15
Price / Sales14.43
Price / Book1.62
EPS3.72
Book Value41.15
Revenue (TTM)502.88M
Gross Profit (TTM)383.22M
EBITDA304.06M
Profit Margin77.27%
Operating Margin41.77%
Return on Equity9.28%
Return on Assets2.44%
Shares Outstanding108.97M
Shares Float106.82M
Beta1.04
Dividend Yield3.45%
Dividend Rate2.28
Payout Ratio95.52%

Analyst Ratings

Buy
Based on 18 analystsTarget 74.12
  • Strong Buy
    6
  • Buy
    5
  • Hold
    6
  • Strong Sell
    1

Ownership Breakdown

Institutions
109.54%
Insiders
1.91%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    17.80M16.33%
  • FMR Inc
    11.49M10.54%
  • Vanguard Portfolio Management, LLC
    10.32M9.47%
  • State Street Corp
    5.80M5.32%
  • Vanguard Capital Management, LLC
    4.64M4.26%
  • Principal Financial Group Inc
    4.35M3.99%
  • T. Rowe Price Investment Management,Inc.
    4.09M3.75%
  • T. Rowe Price Associates, Inc.
    3.95M3.62%
  • Geode Capital Management, LLC
    2.75M2.52%
  • Charles Schwab Investment Management Inc
    2.14M1.97%
  • Dimensional Fund Advisors, Inc.
    1.61M1.48%
  • Morgan Stanley - Brokerage Accounts
    1.54M1.41%
  • Amvescap Plc.
    1.50M1.38%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    6.48M5.94%
  • Vanguard Real Estate Index Investor
    4.00M3.67%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.38M3.10%
  • iShares Russell 2000 ETF
    2.74M2.52%
  • Vanguard Small Cap Index
    2.45M2.25%
  • Strategic Advisers Fidelity US TtlStk
    2.10M1.92%
  • Vanguard MStar Small Cap Value Index
    1.55M1.43%

Dividends

20263×
0.57Sep 30, 20260.52Jun 26, 20260.52Mar 27, 2026
20254×
0.52Dec 15, 20250.52Sep 29, 20250.49Jun 27, 20250.49Mar 27, 2025
20244×
0.49Dec 13, 20240.49Sep 30, 20240.45Jun 28, 20240.45Mar 27, 2024
20234×
0.45Dec 14, 20230.45Sep 28, 20230.40Jun 29, 20230.40Mar 30, 2023
20224×
0.40Dec 29, 20220.40Sep 29, 20220.34Jun 29, 20220.34Mar 24, 2022
20214×
0.34Dec 14, 20210.34Sep 30, 20210.29Jun 29, 20210.29Mar 25, 2021
20201×
0.29Dec 14, 2020