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Terreno Realty

TRNO

Terreno Realty Corporation is a real estate investment trust that acquires, owns, and operates industrial real estate in six major coastal U.S. markets.

Market cap
$7.72B+34.1%
Revenue$490.4M+20.2%
Net income$424.3M+116%
Free cash flow$213.8M+12.8%
EPS (diluted)$4.09+106%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$127.2M
EPS estimate$0.41

Financials

Q1 2026

Income statement

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Revenue$124.4M+12.7%
Net income$69.4M+44.3%
EPS (diluted)$0.66+40.4%

Balance sheet

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Cash & equivalents$87.9M-43.9%
Total equity$4.3B+10.3%
Total assets$5.6B+13.1%

Cash flow

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Operating cash flow$61.9M+0.8%
CapEx$14.0M-25.9%
Free cash flow$47.9M+12.7%

Valuation & ratios

Valuation

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Market cap$7.72B+34.1%
P/E18.2×-4.4×
P/S15.7×+2.3×

Profitability

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Net margin86.5%+38.3pp
FCF margin43.6%-2.9pp

Returns & leverage

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Return on equity10.4%+5.0pp

Competitors

Profile

Terreno Realty Corporation is a real estate investment trust that acquires, owns, and operates industrial real estate in six major coastal U.S. markets. The company focuses on functional infill locations with high barriers to entry, targeting properties that cater to logistics and distribution needs in supply-constrained submarkets. Its core value proposition centers on capturing demand from population-dense areas and evolving e-commerce logistics patterns.

Competitive position

The company maintains a specialized focus on six high-barrier coastal markets, prioritizing infill locations that are difficult to replicate due to physical and regulatory constraints.

GeographiesUnited States, New York City, Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, Washington, D.C.
Customer segmentsLogistics and Supply Chain, E-commerce, Wholesale Trade
Business modelProperty Leasing, Real Estate Acquisition and Development
SuppliersReal Estate Sellers, Construction and Redevelopment Contractors, Municipal Regulatory Bodies, Capital Markets
CustomersThird-party Logistics (3PL) Providers, Retailers, E-commerce Platforms, Manufacturing Companies
Listed2010
Employees40.0
CEOW. Blake Baird
FilingsSEC EDGAR

Questions, answered.

What is Terreno Realty's market cap?
Terreno Realty (TRNO) has a market capitalization of $7.7B and trades on NYSE.
What is Terreno Realty's revenue and profitability?
Terreno Realty generated $490.4M in trailing twelve-month revenue with net income of $424.3M, representing a net margin of 86.5%, with free cash flow of $213.8M. These figures are based on the Q1 2026 filing.
Who are Terreno Realty's competitors?
Terreno Realty's key competitors include Prologis, Inc., First Industrial Realty Trust, Inc., Rexford Industrial Realty, Inc., and others. These companies compete in similar markets and product categories.
Who does Terreno Realty partner with?
Terreno Realty's notable partners include Fitch Ratings.
Where is Terreno Realty headquartered?
Terreno Realty is headquartered in United States of America and employs approximately 40 people. It has been publicly traded since 2010.