TERRENO REALTY CORP (TRNO) Stock Fundamental Analysis
NYSE:TRNO • US88146M1018
66.1 USD
+1.6 (+2.48%)
At close: Feb 13, 2026
66.1 USD
0 (0%)
After Hours: 2/13/2026, 8:04:00 PM
TRNO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 123 industry peers in the Diversified REITs industry. While TRNO has a great profitability rating, there are some minor concerns on its financial health. TRNO is not priced too expensively while it is growing strongly. Keep and eye on this one! This makes TRNO very considerable for growth investing!
1. Profitability
1.1 Basic Checks
- In the past year TRNO was profitable.
- TRNO had a positive operating cash flow in the past year.
- TRNO had positive earnings in each of the past 5 years.
- Each year in the past 5 years TRNO had a positive operating cash flow.
1.2 Ratios
- TRNO has a Return On Assets of 7.45%. This is amongst the best in the industry. TRNO outperforms 100.00% of its industry peers.
- With an excellent Return On Equity value of 9.68%, TRNO belongs to the best of the industry, outperforming 85.37% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 2.92%, TRNO is in line with its industry, outperforming 56.91% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for TRNO is in line with the industry average of 3.07%.
- The last Return On Invested Capital (2.92%) for TRNO is above the 3 year average (2.76%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.45% | ||
| ROE | 9.68% | ||
| ROIC | 2.92% |
ROA(3y)5.05%
ROA(5y)4.87%
ROE(3y)6.62%
ROE(5y)6.59%
ROIC(3y)2.76%
ROIC(5y)2.72%
1.3 Margins
- The Profit Margin of TRNO (84.22%) is better than 100.00% of its industry peers.
- TRNO's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 40.39%, TRNO belongs to the best of the industry, outperforming 86.18% of the companies in the same industry.
- TRNO's Operating Margin has improved in the last couple of years.
- With a decent Gross Margin value of 75.84%, TRNO is doing good in the industry, outperforming 73.17% of the companies in the same industry.
- TRNO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 40.39% | ||
| PM (TTM) | 84.22% | ||
| GM | 75.84% |
OM growth 3Y0.37%
OM growth 5Y1.96%
PM growth 3Y5.67%
PM growth 5Y14.67%
GM growth 3Y0.35%
GM growth 5Y0.57%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRNO is destroying value.
- TRNO has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, TRNO has more shares outstanding
- The debt/assets ratio for TRNO is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.57 indicates that TRNO is not in any danger for bankruptcy at the moment.
- TRNO has a Altman-Z score of 3.57. This is amongst the best in the industry. TRNO outperforms 98.37% of its industry peers.
- TRNO has a debt to FCF ratio of 6.81. This is a slightly negative value and a sign of low solvency as TRNO would need 6.81 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 6.81, TRNO belongs to the best of the industry, outperforming 95.94% of the companies in the same industry.
- TRNO has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
- TRNO's Debt to Equity ratio of 0.23 is amongst the best of the industry. TRNO outperforms 96.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 6.81 | ||
| Altman-Z | 3.57 |
ROIC/WACC0.37
WACC7.97%
2.3 Liquidity
- A Current Ratio of 0.14 indicates that TRNO may have some problems paying its short term obligations.
- TRNO's Current ratio of 0.14 is on the low side compared to the rest of the industry. TRNO is outperformed by 93.50% of its industry peers.
- A Quick Ratio of 0.14 indicates that TRNO may have some problems paying its short term obligations.
- TRNO has a Quick ratio of 0.14. This is amonst the worse of the industry: TRNO underperforms 92.68% of its industry peers.
- The current and quick ratio evaluation for TRNO is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 102.58% over the past year.
- TRNO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.57% yearly.
- Looking at the last year, TRNO shows a very strong growth in Revenue. The Revenue has grown by 24.51%.
- Measured over the past years, TRNO shows a very strong growth in Revenue. The Revenue has been growing by 20.58% on average per year.
EPS 1Y (TTM)102.58%
EPS 3Y14.22%
EPS 5Y32.57%
EPS Q2Q%94.82%
Revenue 1Y (TTM)24.51%
Revenue growth 3Y19.92%
Revenue growth 5Y20.58%
Sales Q2Q%32.56%
3.2 Future
- Based on estimates for the next years, TRNO will show a very negative growth in Earnings Per Share. The EPS will decrease by -32.74% on average per year.
- Based on estimates for the next years, TRNO will show a quite strong growth in Revenue. The Revenue will grow by 10.79% on average per year.
EPS Next Y-57.61%
EPS Next 2Y-32.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.96%
Revenue Next 2Y9.13%
Revenue Next 3Y14.02%
Revenue Next 5Y10.79%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 16.99, the valuation of TRNO can be described as correct.
- Based on the Price/Earnings ratio, TRNO is valued cheaply inside the industry as 87.80% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 26.68, TRNO is valued a bit cheaper.
- With a Price/Forward Earnings ratio of 40.08, TRNO can be considered very expensive at the moment.
- Based on the Price/Forward Earnings ratio, TRNO is valued a bit cheaper than the industry average as 68.29% of the companies are valued more expensively.
- TRNO's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.06.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.99 | ||
| Fwd PE | 40.08 |
4.2 Price Multiples
- TRNO's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. TRNO is more expensive than 86.18% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, TRNO is valued a bit cheaper than 69.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.73 | ||
| EV/EBITDA | 24.85 |
4.3 Compensation for Growth
- TRNO has an outstanding profitability rating, which may justify a higher PE ratio.
- A cheap valuation may be justified as TRNO's earnings are expected to decrease with -32.74% in the coming years.
PEG (NY)N/A
PEG (5Y)0.52
EPS Next 2Y-32.74%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- TRNO has a Yearly Dividend Yield of 3.22%.
- TRNO's Dividend Yield is slightly below the industry average, which is at 6.85.
- TRNO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.22% |
5.2 History
- On average, the dividend of TRNO grows each year by 12.59%, which is quite nice.
- TRNO has been paying a dividend for at least 10 years, so it has a reliable track record.
- TRNO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)12.59%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
- 50.82% of the earnings are spent on dividend by TRNO. This is a bit on the high side, but may be sustainable.
- TRNO's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP50.82%
EPS Next 2Y-32.74%
EPS Next 3YN/A
66.1
+1.6 (+2.48%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-04 2026-02-04/amc
Earnings (Next)05-05 2026-05-05
Inst Owners110.45%
Inst Owner Change-87.1%
Ins Owners1.91%
Ins Owner Change0.07%
Market Cap6.89B
Revenue(TTM)476.38M
Net Income(TTM)401.19M
Analysts77.5
Price Target68.02 (2.9%)
Short Float %5.06%
Short Ratio7.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.22% |
Yearly Dividend2.01
Dividend Growth(5Y)12.59%
DP50.82%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)167.94%
Min EPS beat(2)166.04%
Max EPS beat(2)169.84%
EPS beat(4)4
Avg EPS beat(4)125.51%
Min EPS beat(4)29.8%
Max EPS beat(4)169.84%
EPS beat(8)7
Avg EPS beat(8)78%
EPS beat(12)11
Avg EPS beat(12)64.05%
EPS beat(16)14
Avg EPS beat(16)80.06%
Revenue beat(2)1
Avg Revenue beat(2)3.08%
Min Revenue beat(2)-0.8%
Max Revenue beat(2)6.97%
Revenue beat(4)1
Avg Revenue beat(4)1%
Min Revenue beat(4)-2.16%
Max Revenue beat(4)6.97%
Revenue beat(8)2
Avg Revenue beat(8)0.38%
Revenue beat(12)3
Avg Revenue beat(12)0.02%
Revenue beat(16)5
Avg Revenue beat(16)0.37%
PT rev (1m)0.86%
PT rev (3m)5.46%
EPS NQ rev (1m)-28.47%
EPS NQ rev (3m)-2.82%
EPS NY rev (1m)4.98%
EPS NY rev (3m)6.59%
Revenue NQ rev (1m)1.71%
Revenue NQ rev (3m)0.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.99 | ||
| Fwd PE | 40.08 | ||
| P/S | 14.46 | ||
| P/FCF | 49.73 | ||
| P/OCF | 25.33 | ||
| P/B | 1.66 | ||
| P/tB | 1.66 | ||
| EV/EBITDA | 24.85 |
EPS(TTM)3.89
EY5.89%
EPS(NY)1.65
Fwd EY2.49%
FCF(TTM)1.33
FCFY2.01%
OCF(TTM)2.61
OCFY3.95%
SpS4.57
BVpS39.8
TBVpS39.8
PEG (NY)N/A
PEG (5Y)0.52
Graham Number59.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.45% | ||
| ROE | 9.68% | ||
| ROCE | 3.69% | ||
| ROIC | 2.92% | ||
| ROICexc | 2.93% | ||
| ROICexgc | 2.99% | ||
| OM | 40.39% | ||
| PM (TTM) | 84.22% | ||
| GM | 75.84% | ||
| FCFM | 29.07% |
ROA(3y)5.05%
ROA(5y)4.87%
ROE(3y)6.62%
ROE(5y)6.59%
ROIC(3y)2.76%
ROIC(5y)2.72%
ROICexc(3y)2.81%
ROICexc(5y)2.79%
ROICexgc(3y)2.87%
ROICexgc(5y)2.85%
ROCE(3y)3.49%
ROCE(5y)3.44%
ROICexgc growth 3Y0.95%
ROICexgc growth 5Y1.54%
ROICexc growth 3Y0.96%
ROICexc growth 5Y1.54%
OM growth 3Y0.37%
OM growth 5Y1.96%
PM growth 3Y5.67%
PM growth 5Y14.67%
GM growth 3Y0.35%
GM growth 5Y0.57%
F-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 6.81 | ||
| Debt/EBITDA | 3 | ||
| Cap/Depr | 109.7% | ||
| Cap/Sales | 28% | ||
| Interest Coverage | 7.01 | ||
| Cash Conversion | 86.58% | ||
| Profit Quality | 34.52% | ||
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 | ||
| Altman-Z | 3.57 |
F-Score6
WACC7.97%
ROIC/WACC0.37
Cap/Depr(3y)178.33%
Cap/Depr(5y)159.75%
Cap/Sales(3y)42.59%
Cap/Sales(5y)37.87%
Profit Quality(3y)23.04%
Profit Quality(5y)35.01%
High Growth Momentum
Growth
EPS 1Y (TTM)102.58%
EPS 3Y14.22%
EPS 5Y32.57%
EPS Q2Q%94.82%
EPS Next Y-57.61%
EPS Next 2Y-32.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)24.51%
Revenue growth 3Y19.92%
Revenue growth 5Y20.58%
Sales Q2Q%32.56%
Revenue Next Year7.96%
Revenue Next 2Y9.13%
Revenue Next 3Y14.02%
Revenue Next 5Y10.79%
EBIT growth 1Y30%
EBIT growth 3Y20.36%
EBIT growth 5Y22.95%
EBIT Next Year75.46%
EBIT Next 3Y32.04%
EBIT Next 5Y21.74%
FCF growth 1Y131.48%
FCF growth 3Y39.55%
FCF growth 5Y18.01%
OCF growth 1Y16.84%
OCF growth 3Y23.82%
OCF growth 5Y21.88%
TERRENO REALTY CORP / TRNO FAQ
What is the ChartMill fundamental rating of TERRENO REALTY CORP (TRNO) stock?
ChartMill assigns a fundamental rating of 6 / 10 to TRNO.
Can you provide the valuation status for TERRENO REALTY CORP?
ChartMill assigns a valuation rating of 4 / 10 to TERRENO REALTY CORP (TRNO). This can be considered as Fairly Valued.
Can you provide the profitability details for TERRENO REALTY CORP?
TERRENO REALTY CORP (TRNO) has a profitability rating of 8 / 10.
What are the PE and PB ratios of TERRENO REALTY CORP (TRNO) stock?
The Price/Earnings (PE) ratio for TERRENO REALTY CORP (TRNO) is 16.99 and the Price/Book (PB) ratio is 1.66.
How sustainable is the dividend of TERRENO REALTY CORP (TRNO) stock?
The dividend rating of TERRENO REALTY CORP (TRNO) is 6 / 10 and the dividend payout ratio is 50.82%.