📊 TRNO Key Takeaways
Is Terreno Realty Corp (TRNO) a Good Investment?
Terreno Realty demonstrates strong revenue growth (+24.5% YoY) and exceptional profitability margins (55.8%), supported by conservative leverage (Debt/Equity 0.22x) and robust free cash flow generation. However, critical concerns emerge: net income growth of only +0.4% despite strong revenue expansion signals significant margin compression, while ROE (1.6%) and ROA (1.3%) are dangerously low for an asset-heavy real estate business, suggesting operational efficiency deterioration or asset quality challenges.
Terreno Realty Corp Key Strengths (TRNO)
- Strong top-line growth: 24.5% YoY revenue increase demonstrates market demand and portfolio expansion
- Conservative capital structure: Debt/Equity ratio of 0.22x provides substantial leverage capacity and financial flexibility
- Exceptional cash generation: 49.8% free cash flow margin indicates strong underlying business unit economics despite bottom-line weakness
TRNO Stock Risks: Terreno Realty Corp Investment Risks
- Margin compression: Revenue up 24.5% but net income up only 0.4% indicates deteriorating operating leverage or cost inflation
- Severely depressed returns: ROE of 1.6% and ROA of 1.3% suggest inadequate profitability relative to large asset base; unacceptable for real estate operator
- Data quality gaps: Missing current ratio, quick ratio, operating margin, and capex metrics prevent full liquidity and operational assessment
Key Metrics to Watch
- Operating margin trend: Critical to understand if 24.5% revenue growth can convert to earnings growth
- Return metrics trajectory: Monitor whether ROE/ROA improve; current levels unsustainable for growth validation
- Free cash flow sustainability: Verify if 49.8% FCF margin persists as company scales
Terreno Realty Corp (TRNO) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 49.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
TRNO Profit Margin, ROE & Profitability Analysis
TRNO vs Real Estate Sector: How Terreno Realty Corp Compares
How Terreno Realty Corp compares to Real Estate sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Terreno Realty Corp Stock Overvalued? TRNO Valuation Analysis 2026
Based on fundamental analysis, Terreno Realty Corp has mixed fundamental signals relative to the Real Estate sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Terreno Realty Corp Balance Sheet: TRNO Debt, Cash & Liquidity
TRNO Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Terreno Realty Corp's revenue has grown significantly by 115% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.81 reflects profitable operations.
TRNO Revenue Growth, EPS Growth & YoY Performance
TRNO Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $110.4M | $48.1M | $0.47 |
| Q3 2025 | $99.6M | $35.7M | $0.37 |
| Q2 2025 | $94.2M | $35.7M | $0.37 |
| Q1 2025 | $85.0M | $36.1M | $0.40 |
| Q3 2024 | $82.9M | $23.3M | $0.36 |
| Q2 2024 | $79.5M | $23.3M | $0.37 |
| Q1 2024 | $74.7M | $23.3M | $0.29 |
| Q3 2023 | $70.8M | $19.7M | $0.30 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Terreno Realty Corp Dividends, Buybacks & Capital Allocation
TRNO SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Terreno Realty Corp (CIK: 0001476150)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| May 7, 2026 | 4 | xslF345X06/wk-form4_1778184225.xml | View → |
| May 7, 2026 | 4 | xslF345X06/wk-form4_1778184094.xml | View → |
| May 7, 2026 | 4 | xslF345X06/wk-form4_1778183769.xml | View → |
| May 7, 2026 | 4 | xslF345X06/wk-form4_1778183723.xml | View → |
| May 7, 2026 | 4 | xslF345X06/wk-form4_1778183523.xml | View → |
❓ Frequently Asked Questions about TRNO
What is the AI rating for TRNO?
Terreno Realty Corp (TRNO) has an AI grade of B with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are TRNO's key strengths?
Claude: Strong top-line growth: 24.5% YoY revenue increase demonstrates market demand and portfolio expansion. Conservative capital structure: Debt/Equity ratio of 0.22x provides substantial leverage capacity and financial flexibility.
What are the risks of investing in TRNO?
Claude: Margin compression: Revenue up 24.5% but net income up only 0.4% indicates deteriorating operating leverage or cost inflation. Severely depressed returns: ROE of 1.6% and ROA of 1.3% suggest inadequate profitability relative to large asset base; unacceptable for real estate operator.
What is TRNO's revenue and growth?
Terreno Realty Corp reported revenue of $124.4M.
Does TRNO pay dividends?
Terreno Realty Corp pays dividends, with $54.1M distributed to shareholders in the trailing twelve months.
Where can I find TRNO SEC filings?
Official SEC filings for Terreno Realty Corp (CIK: 0001476150) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is TRNO's EPS?
Terreno Realty Corp has a diluted EPS of $0.66.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is TRNO's fundamental grade?
Based on our AI fundamental analysis in June 2026, Terreno Realty Corp has a B grade with 62% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is TRNO stock overvalued or undervalued?
Valuation metrics for TRNO: ROE of 1.6% (sector avg: 8%), net margin of 55.8% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.
What is TRNO's AI grade for 2026?
Our dual AI analysis gives Terreno Realty Corp a combined B grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is TRNO's free cash flow?
Terreno Realty Corp's operating cash flow is $61.9M, with capital expenditures of N/A. FCF margin is 49.8%.
How does TRNO compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin 55.8% (avg: 20%), ROE 1.6% (avg: 8%), current ratio N/A (avg: 1.5).