(TRNO) Terreno Realty - Overview
Stock: Industrial Properties, Land Parcels, Developments
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.43% |
| Yield on Cost 5y | 3.83% |
| Yield CAGR 5y | 12.52% |
| Payout Consistency | 99.4% |
| Payout Ratio | 1.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 23.7% |
| Relative Tail Risk | -6.12% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.02 |
| Alpha | -10.29 |
| Character TTM | |
|---|---|
| Beta | 0.766 |
| Beta Downside | 0.811 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.27% |
| CAGR/Max DD | 0.18 |
Description: TRNO Terreno Realty January 09, 2026
Terreno Realty Corporation (NYSE: TRNO) is a Maryland-incorporated REIT that acquires, owns, and operates industrial properties in six high-density coastal U.S. markets-New York/Northern New Jersey, Los Angeles, Miami, the San Francisco Bay Area, Seattle, and Washington, D.C. As of September 30 2025 the portfolio comprised 307 buildings (including one dual-building sale asset) covering roughly 20.2 million sq ft, 44 improved land parcels (≈146.4 acres), six development projects, and about 10.7 acres earmarked for future development.
Key performance indicators show the company maintaining a strong occupancy level of approximately 95% across the portfolio, with 2024 adjusted Funds From Operations (AFFO) of $1.32 per share and a 2024-2025 capital deployment plan targeting $1.5 billion in acquisitions and redevelopments, underscoring its growth-oriented capital allocation.
The industrial REIT sector is being driven by sustained e-commerce expansion, near-shoring of supply chains, and limited new build capacity in coastal markets, all of which support upward pressure on rental rates and asset values; however, rising interest rates remain a headwind for REIT financing costs and valuation multiples.
For a deeper, data-rich assessment of Terreno’s valuation dynamics, you may find ValueRay’s analytical platform worth exploring.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 320.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 2.16 > 1.0 |
| NWC/Revenue: -81.18% < 20% (prev 31.73%; Δ -112.9% < -1%) |
| CFO/TA 0.05 > 3% & CFO 252.9m > Net Income 320.9m |
| Net Debt (996.7m) to EBITDA (458.7m): 2.17 < 3 |
| Current Ratio: 0.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (103.1m) vs 12m ago 5.38% < -2% |
| Gross Margin: 74.53% > 18% (prev 0.75%; Δ 7378 % > 0.5%) |
| Asset Turnover: 8.94% > 50% (prev 7.99%; Δ 0.95% > 0%) |
| Interest Coverage Ratio: 12.22 > 6 (EBITDA TTM 458.7m / Interest Expense TTM 28.6m) |
Altman Z'' 0.29
| A: -0.07 (Total Current Assets 57.2m - Total Current Liabilities 416.5m) / Total Assets 5.33b |
| B: 0.03 (Retained Earnings 185.0m / Total Assets 5.33b) |
| C: 0.07 (EBIT TTM 349.5m / Avg Total Assets 4.95b) |
| D: 0.14 (Book Value of Equity 186.1m / Total Liabilities 1.33b) |
| Altman-Z'' Score: 0.29 = B |
Beneish M -3.00
| DSRI: 1.00 (Receivables 73.4m/60.3m, Revenue 442.6m/365.4m) |
| GMI: 1.00 (GM 74.53% / 74.88%) |
| AQI: 0.76 (AQ_t 0.13 / AQ_t-1 0.18) |
| SGI: 1.21 (Revenue 442.6m / 365.4m) |
| TATA: 0.01 (NI 320.9m - CFO 252.9m) / TA 5.33b) |
| Beneish M-Score: -3.00 (Cap -4..+1) = A |
What is the price of TRNO shares?
Over the past week, the price has changed by +7.41%, over one month by +12.30%, over three months by +13.03% and over the past year by +1.05%.
Is TRNO a buy, sell or hold?
- StrongBuy: 3
- Buy: 4
- Hold: 10
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the TRNO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 66.3 | 0.3% |
| Analysts Target Price | 66.3 | 0.3% |
| ValueRay Target Price | 68.7 | 3.9% |
TRNO Fundamental Data Overview February 03, 2026
P/E Forward = 79.3651
P/S = 14.3629
P/B = 1.5817
P/EG = 7.7
Revenue TTM = 442.6m USD
EBIT TTM = 349.5m USD
EBITDA TTM = 458.7m USD
Long Term Debt = 742.9m USD (from longTermDebt, last quarter)
Short Term Debt = 280.0m USD (from shortTermDebt, last quarter)
Debt = 1.02b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 996.7m USD (from netDebt column, last quarter)
Enterprise Value = 7.35b USD (6.36b + Debt 1.02b - CCE 26.2m)
Interest Coverage Ratio = 12.22 (Ebit TTM 349.5m / Interest Expense TTM 28.6m)
EV/FCF = 31.01x (Enterprise Value 7.35b / FCF TTM 237.1m)
FCF Yield = 3.22% (FCF TTM 237.1m / Enterprise Value 7.35b)
FCF Margin = 53.57% (FCF TTM 237.1m / Revenue TTM 442.6m)
Net Margin = 72.50% (Net Income TTM 320.9m / Revenue TTM 442.6m)
Gross Margin = 74.53% ((Revenue TTM 442.6m - Cost of Revenue TTM 112.7m) / Revenue TTM)
Gross Margin QoQ = 75.71% (prev 75.13%)
Tobins Q-Ratio = 1.38 (Enterprise Value 7.35b / Total Assets 5.33b)
Interest Expense / Debt = 0.82% (Interest Expense 8.37m / Debt 1.02b)
Taxrate = 21.0% (US default 21%)
NOPAT = 276.1m (EBIT 349.5m * (1 - 21.00%))
Current Ratio = 0.14 (Total Current Assets 57.2m / Total Current Liabilities 416.5m)
Debt / Equity = 0.26 (Debt 1.02b / totalStockholderEquity, last quarter 4.00b)
Debt / EBITDA = 2.17 (Net Debt 996.7m / EBITDA 458.7m)
Debt / FCF = 4.20 (Net Debt 996.7m / FCF TTM 237.1m)
Total Stockholder Equity = 3.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.48% (Net Income 320.9m / Total Assets 5.33b)
RoE = 8.28% (Net Income TTM 320.9m / Total Stockholder Equity 3.87b)
RoCE = 7.57% (EBIT 349.5m / Capital Employed (Equity 3.87b + L.T.Debt 742.9m))
RoIC = 5.87% (NOPAT 276.1m / Invested Capital 4.71b)
WACC = 7.62% (E(6.36b)/V(7.38b) * Re(8.74%) + D(1.02b)/V(7.38b) * Rd(0.82%) * (1-Tc(0.21)))
Discount Rate = 8.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 8.58%
[DCF Debug] Terminal Value 82.51% ; FCFF base≈184.1m ; Y1≈227.1m ; Y5≈386.7m
Fair Price DCF = 59.14 (EV 7.08b - Net Debt 996.7m = Equity 6.08b / Shares 102.9m; r=7.62% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -37.67 | EPS CAGR: -42.62% | SUE: -3.26 | # QB: 0
Revenue Correlation: 99.40 | Revenue CAGR: 18.93% | SUE: 0.75 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.38 | Chg30d=+0.027 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=1.60 | Chg30d=+0.065 | Revisions Net=+1 | Growth EPS=-45.9% | Growth Revenue=+9.2%