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
We assign a fundamental rating of 6 out of 10 to TRNO. TRNO was compared to 123 industry peers in the Diversified REITs industry. TRNO scores excellent on profitability, but there are some minor concerns on its financial health. TRNO is growing strongly while it is still valued neutral. This is a good combination! This makes TRNO very considerable for growth investing!
1. Profitability
1.1 Basic Checks
- TRNO had positive earnings in the past year.
- In the past year TRNO had a positive cash flow from operations.
- Each year in the past 5 years TRNO has been profitable.
- Each year in the past 5 years TRNO had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of TRNO (7.45%) is better than 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.
- TRNO's Return On Invested Capital of 2.92% is in line compared to the rest of the industry. TRNO outperforms 56.91% of its industry peers.
- TRNO had an Average Return On Invested Capital over the past 3 years of 2.76%. This is in line with the industry average of 3.08%.
- 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
- Looking at the Profit Margin, with a value of 84.22%, TRNO belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- TRNO's Profit Margin has improved in the last couple of years.
- TRNO has a better Operating Margin (40.39%) than 86.18% of its industry peers.
- In the last couple of years the Operating Margin of TRNO has grown nicely.
- TRNO has a better Gross Margin (75.84%) than 73.17% of its industry peers.
- In the last couple of years the Gross Margin of TRNO has remained more or less at the same level.
| 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.
- TRNO has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, TRNO has a worse debt to assets ratio.
2.2 Solvency
- TRNO has an Altman-Z score of 3.57. This indicates that TRNO is financially healthy and has little risk of bankruptcy at the moment.
- The Altman-Z score of TRNO (3.57) is better than 98.37% of its industry peers.
- The Debt to FCF ratio of TRNO is 6.81, which is on the high side as it means it would take TRNO, 6.81 years of fcf income to pay off all of its debts.
- TRNO's Debt to FCF ratio of 6.81 is amongst the best of the industry. TRNO outperforms 95.94% of its industry peers.
- A Debt/Equity ratio of 0.23 indicates that TRNO is not too dependend on debt financing.
- With an excellent Debt to Equity ratio value of 0.23, TRNO belongs to the best of the industry, outperforming 96.75% of the companies in the same industry.
| 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 has a worse Current ratio (0.14) than 93.50% of its industry peers.
- TRNO has a Quick Ratio of 0.14. This is a bad value and indicates that TRNO is not financially healthy enough and could expect problems in meeting its short term obligations.
- TRNO has a worse Quick ratio (0.14) than 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.
- Measured over the past years, TRNO shows a very strong growth in Earnings Per Share. The EPS has been growing by 32.57% on average per year.
- TRNO shows a strong growth in Revenue. In the last year, 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
- TRNO is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -32.74% yearly.
- 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.
- Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 16.99, which indicates a correct valuation of TRNO.
- Based on the Price/Earnings ratio, TRNO is valued cheaper than 87.80% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.19. TRNO is valued slightly cheaper when compared to this.
- With a Price/Forward Earnings ratio of 40.08, TRNO can be considered very expensive at the moment.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of TRNO indicates a somewhat cheap valuation: TRNO is cheaper than 68.29% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 28.06. TRNO is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.99 | ||
| Fwd PE | 40.08 |
4.2 Price Multiples
- 86.99% of the companies in the same industry are cheaper than TRNO, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, TRNO is valued a bit cheaper than the industry average as 69.92% of the companies are valued more expensively.
| 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
- With a Yearly Dividend Yield of 3.22%, TRNO has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 6.84, TRNO is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.82, TRNO pays a better dividend.
| 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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.59%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
- TRNO pays out 50.82% of its income as dividend. 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 Change0.21%
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%.