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NYSE · REIT - Industrial · USD

Terreno Realty Corporation (TRNO) Stock Analysis

Terreno Realty Corporation (TRNO) is a REIT - Industrial stock listed on NYSE and quoted in US Dollar.

TRNO

$65.65

−$0.15 (−0.23%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TRNO Key Statistics

As of Sep 4, 2026
Trading
Open
$65.70
Previous Close
$65.80
Day's Range
65.46–66.35
52-Week Range
55.92–78.94
Volume
669.70K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.04
Valuation
Market Cap
$7.15B
P/E Ratio
17.70
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
37.20
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
7.15
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
14.23
EPS (ttm)Profit attributable to each share over the last twelve months.
3.71
Financials (FY)
Revenue (FY)
$476.38M+24.51%
Net Income (FY)
$402.99M+118.43%
Profit marginThe share of revenue left as profit after all costs and taxes.
77.27%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
108.97M
1-Year Return
+17.31%
Dividend and dates
Dividend
$2.28+3.47%
Ex-Dividend Date
September 30, 2026
Earnings Date
November 4, 2026estimated
Avg Volume
884.13K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

TRNO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+13.67%
2025+2.70%
2024−2.77%
2023+13.39%
2022−31.61%
2021+48.55%
2020+10.42%
2019+57.19%
2018+2.87%
2017+26.24%
2016 (partial year)+7.79%

As of September 4, 2026.

TRNO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$476.38M$402.99M84.6%
2024$382.62M$184.50M48.2%
2023$323.59M$151.46M46.8%
2022$276.21M$198.01M71.7%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$476.38M$361.28M$192.43M$402.99M84.6%
2024$382.62M$284.53M$148.03M$184.50M48.2%
2023$323.59M$244.51M$133.35M$151.46M46.8%
2022$276.21M$207.31M$110.35M$198.01M71.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TRNO Dividend History

$2.02+7.4% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.042
2025$2.024+7.4%
2024$1.884+10.6%
2023$1.704+14.9%
YearDividends per sharePaymentsChange
2026 (partial year)$1.042
2025$2.024+7.4%
2024$1.884+10.6%
2023$1.704+14.9%
2022$1.484+17.5%
2021$1.264+12.5%
2020$1.124+9.8%
2019$1.024+10.9%
2018$0.924+9.5%
2017$0.844+110.0%
2016$0.402

Most recent payment: $0.52 per share, ex-dividend June 26, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TRNO Valuation vs REIT - Industrial Median

Median of 18 stocks
MetricTRNOREIT - Industrial medianvs median
P/E17.7029.7941% below
P/S ratio14.238.4568% above
Profit margin77.27%27.67%49.6 pts above

Medians across 18 REIT - Industrial stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 17 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Terreno Realty Corporation (TRNO) at $7.15B. The company sits in the Real Estate sector, in the REIT - Industrial industry. Headcount on file is 47.

The 52-week range on file runs from $55.92 to $78.94. TRNO last closed at $65.65 on September 4, 2026. That is −$0.15 (−0.23%) against the previous close. The latest close sits 17.4% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $476.38M. That is +24.51% against the prior fiscal year, when revenue was $382.62M. The same year closed with net income of $402.99M. That is +118.43% against the prior fiscal year. The reported profit margin is 77.27%. That is 49.6 percentage points above the REIT - Industrial median of 27.67%. Trailing earnings per share are 3.71.

Across the 4 fiscal years on file, revenue moves from $276.21M in 2022 to $476.38M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 17.7. That is 40.57% below the REIT - Industrial median of 29.79. On forward earnings the ratio is 37.2. The PEG ratio, which sets the P/E against expected earnings growth, reads 7.15. The price-to-sales ratio is 14.23. On price-to-sales that is 68.34% above the REIT - Industrial median of 8.45. The medians here are taken across 18 REIT - Industrial companies that report the metric.

Beta against the wider market is reported at 1.04. Daily returns over the trailing 10 years annualize to a volatility of 24.61%. The trailing one-year price return is +17.31%. Across 10 years the annualized return works out at +12.11%.

Growth & Income

The trailing dividend yield is 3.47%. That is 1.1 percentage points below the REIT - Industrial median yield of 4.61%. At the indicated rate that is $2.28 a share a year. The ex-dividend date on file is September 30, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling $1.04 a share. The year before, 2025, totalled $2.02 a share.

Across the complete calendar years on file, 2019 returned +57.19% and 2022 returned −31.61%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the price is +13.67% year to date.

Peer Comparison

Terreno Realty Corporation (TRNO) operates in the REIT - Industrial industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Terreno Realty Corporation TRNO $7.15B 17.7
Prologis, Inc. PLD $133.51B 30.6
Public Storage PSA $56.40B 28.8
Extra Space Storage Inc. EXR $30.73B 31.1

The REIT - Industrial industry average P/E ratio is 29.8x. Terreno Realty Corporation trades at a P/E of 17.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Terreno Realty Corporation

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.

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