📊 TRNO Key Takeaways
Is Terreno Realty Corp (TRNO) a Good Investment?
TRNO demonstrates strong fundamental growth with 24.5% revenue expansion and exceptional free cash flow generation of $271.9M (57.1% FCF margin). The company maintains a conservative balance sheet with 0.23x Debt/Equity leverage, providing financial flexibility despite significant debt obligations. However, minimal net income growth (0.4% YoY) despite robust revenue growth warrants monitoring for margin sustainability.
Why Buy Terreno Realty Corp Stock? TRNO Key Strengths
- Strong revenue growth of 24.5% YoY indicates expanding business operations
- Exceptional 84.6% net profit margin typical of well-managed REIT operations
- Outstanding free cash flow generation of $271.9M with 57.1% FCF margin ensures shareholder distributions
- Conservative leverage at 0.23x Debt/Equity provides financial stability and refinancing capacity
- EPS growth of 103.6% YoY demonstrates strong per-share value creation
TRNO Stock Risks: Terreno Realty Corp Investment Risks
- Net income growth of only 0.4% YoY severely lags revenue growth—indicates margin compression or one-time items requiring clarification
- Critically low cash position of $25.0M relative to $5.4B assets and $943.3M debt creates working capital vulnerability
- Minimal insider activity (1 Form 4 filing in 90 days) suggests potential insider apprehension or typical REIT trading patterns
- Long-term debt of $943.3M requires continued strong cash generation to service obligations
Key Metrics to Watch
- Net income growth trajectory relative to revenue growth—critical disconnect must stabilize
- Cash balance and liquidity position—$25M is dangerously low for debt servicing flexibility
- Operating cash flow sustainability and free cash flow generation consistency
- Interest coverage ratio and debt service coverage—essential for financial health assessment
- Acquisition/capital expenditure activity and management's capital allocation strategy
Terreno Realty Corp (TRNO) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 57.1% 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 appears fundamentally strong 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 |
|---|---|---|---|
| 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 |
| Q2 2023 | $65.4M | $19.7M | $0.48 |
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
❓ Frequently Asked Questions about TRNO
What is the AI rating for TRNO?
Terreno Realty Corp (TRNO) has an AI rating of BUY with 76% confidence, based on fundamental analysis of SEC EDGAR filings.
What are TRNO's key strengths?
Claude: Strong revenue growth of 24.5% YoY indicates expanding business operations. Exceptional 84.6% net profit margin typical of well-managed REIT operations.
What are the risks of investing in TRNO?
Claude: Net income growth of only 0.4% YoY severely lags revenue growth—indicates margin compression or one-time items requiring clarification. Critically low cash position of $25.0M relative to $5.4B assets and $943.3M debt creates working capital vulnerability.
What is TRNO's revenue and growth?
Terreno Realty Corp reported revenue of $476.4M.
Does TRNO pay dividends?
Terreno Realty Corp pays dividends, with $203.9M 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 $3.91.
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 rating reflects both perspectives for balanced insights.
Is TRNO a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Terreno Realty Corp has a BUY rating with 76% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is TRNO stock overvalued or undervalued?
Valuation metrics for TRNO: ROE of 9.7% (sector avg: 8%), net margin of 84.6% (sector avg: 20%). Higher ROE suggests strong returns relative to peers.
Should I buy TRNO stock in 2026?
Our dual AI analysis gives Terreno Realty Corp a combined BUY rating 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 $271.9M, with capital expenditures of N/A. FCF margin is 57.1%.
How does TRNO compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin 84.6% (avg: 20%), ROE 9.7% (avg: 8%), current ratio N/A (avg: 1.5).