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. TRNO scores excellent on profitability, but there are some minor concerns on its financial health. TRNO is not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, TRNO could be worth investigating further 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.
- 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
- Looking at the Return On Assets, with a value of 7.45%, TRNO belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 9.68%, TRNO belongs to the top 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 3.07%.
- The 3 year average ROIC (2.76%) for TRNO is below the current ROIC(2.92%), indicating increased profibility in the last year.
| 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
- With an excellent Profit Margin value of 84.22%, TRNO belongs to the best 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.
- The Operating Margin of TRNO (40.39%) is better than 86.18% of its industry peers.
- In the last couple of years the Operating Margin of TRNO has grown nicely.
- 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.
- 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRNO is destroying value.
- The number of shares outstanding for TRNO has been increased compared to 1 year ago.
- TRNO has more shares outstanding than it did 5 years ago.
- 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.
- 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.
- The Debt to FCF ratio of TRNO (6.81) is better than 95.94% of its industry peers.
- TRNO has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.23, TRNO belongs to the top 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'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.
- 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.
- With a Quick ratio value of 0.14, TRNO is not doing good in the industry: 92.68% of the companies in the same industry are doing better.
- TRNO does not score too well on the current and quick ratio evaluation. However, as it has 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
- TRNO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 102.58%, which is quite impressive.
- 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.
- 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.
- The Revenue is expected to grow by 10.79% on average over the next years. This is quite good.
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
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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
- With a Price/Earnings ratio of 16.99, TRNO is valued correctly.
- Based on the Price/Earnings ratio, TRNO is valued cheaper than 87.80% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.68, TRNO is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 40.08, the valuation of TRNO can be described as expensive.
- 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 is valuated rather expensively when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.99 | ||
| Fwd PE | 40.08 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRNO indicates a rather expensive valuation: TRNO more expensive than 86.18% of the companies listed in the same industry.
- 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
- The excellent profitability rating of TRNO 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.
- TRNO's Dividend Yield is slightly below the industry average, which is at 6.85.
- Compared to an average S&P500 Dividend Yield of 1.84, 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 paid a dividend for at least 10 years, which is 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-1.12%
Ins Owners1.91%
Ins Owner Change-0.11%
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%.