TERRENO REALTY CORP (TRNO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TRNO - US88146M1018 - REIT
60.81 USD
+0.89 (+1.49%)
60.81 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to TRNO. TRNO was compared to 126 industry peers in the Diversified REITs industry. TRNO scores excellent on profitability, but there are some minor concerns on its financial health. TRNO has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- TRNO had positive earnings in the past year.
- 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
- TRNO's Return On Assets of 5.99% is amongst the best of the industry. TRNO outperforms 99.21% of its industry peers.
- TRNO's Return On Equity of 8.00% is fine compared to the rest of the industry. TRNO outperforms 79.37% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 2.67%, TRNO is in line with its industry, outperforming 48.41% of the companies in the same industry.
- TRNO had an Average Return On Invested Capital over the past 3 years of 2.73%. This is in line with the industry average of 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 8% | ||
| ROIC | 2.67% |
ROA(3y)4.65%
ROA(5y)4.12%
ROE(3y)6.34%
ROE(5y)5.65%
ROIC(3y)2.73%
ROIC(5y)2.65%
1.3 Margins
- TRNO's Profit Margin of 72.18% is amongst the best of the industry. TRNO outperforms 100.00% of its industry peers.
- TRNO's Profit Margin has improved in the last couple of years.
- TRNO's Operating Margin of 39.36% is amongst the best of the industry. TRNO outperforms 84.92% of its industry peers.
- In the last couple of years the Operating Margin of TRNO has grown nicely.
- The Gross Margin of TRNO (74.53%) is better than 72.22% of its industry peers.
- TRNO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 39.36% | ||
| PM (TTM) | 72.18% | ||
| GM | 74.53% |
OM growth 3Y-0.86%
OM growth 5Y2.39%
PM growth 3Y7.03%
PM growth 5Y8.26%
GM growth 3Y-0.14%
GM growth 5Y0.06%
2. Health
2.1 Basic Checks
- TRNO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, TRNO has more shares outstanding
- Compared to 5 years ago, TRNO has more shares outstanding
- TRNO has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 3.03 indicates that TRNO is not in any danger for bankruptcy at the moment.
- With an excellent Altman-Z score value of 3.03, TRNO belongs to the best of the industry, outperforming 96.83% of the companies in the same industry.
- The Debt to FCF ratio of TRNO is 8.73, which is on the high side as it means it would take TRNO, 8.73 years of fcf income to pay off all of its debts.
- TRNO has a Debt to FCF ratio of 8.73. This is amongst the best in the industry. TRNO outperforms 93.65% of its industry peers.
- A Debt/Equity ratio of 0.26 indicates that TRNO is not too dependend on debt financing.
- With an excellent Debt to Equity ratio value of 0.26, TRNO belongs to the best of the industry, outperforming 96.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 8.73 | ||
| Altman-Z | 3.03 |
ROIC/WACC0.33
WACC8.06%
2.3 Liquidity
- A Current Ratio of 0.15 indicates that TRNO may have some problems paying its short term obligations.
- TRNO has a Current ratio of 0.15. This is amonst the worse of the industry: TRNO underperforms 93.65% of its industry peers.
- A Quick Ratio of 0.15 indicates that TRNO may have some problems paying its short term obligations.
- TRNO has a worse Quick ratio (0.15) than 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.15 | ||
| Quick Ratio | 0.15 |
3. Growth
3.1 Past
- TRNO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 74.03%, which is quite impressive.
- Measured over the past years, TRNO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.70% on average per year.
- Looking at the last year, TRNO shows a very strong growth in Revenue. The Revenue has grown by 21.13%.
- The Revenue has been growing by 17.48% on average over the past years. This is quite good.
EPS 1Y (TTM)74.03%
EPS 3Y16%
EPS 5Y17.7%
EPS Q2Q%170.27%
Revenue 1Y (TTM)21.13%
Revenue growth 3Y19.91%
Revenue growth 5Y17.48%
Sales Q2Q%16.67%
3.2 Future
- Based on estimates for the next years, TRNO will show a decrease in Earnings Per Share. The EPS will decrease by -0.58% on average per year.
- TRNO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.62% yearly.
EPS Next Y13.51%
EPS Next 2Y-9.55%
EPS Next 3Y-0.58%
EPS Next 5YN/A
Revenue Next Year21.02%
Revenue Next 2Y15.61%
Revenue Next 3Y13.26%
Revenue Next 5Y16.62%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 19.30, which indicates a rather expensive current valuation of TRNO.
- TRNO's Price/Earnings ratio is rather cheap when compared to the industry. TRNO is cheaper than 84.13% of the companies in the same industry.
- When comparing the Price/Earnings ratio of TRNO to the average of the S&P500 Index (27.33), we can say TRNO is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 38.71, the valuation of TRNO can be described as expensive.
- 67.46% of the companies in the same industry are more expensive than TRNO, based on the Price/Forward Earnings ratio.
- TRNO is valuated expensively when we compare the Price/Forward Earnings ratio to 24.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.3 | ||
| Fwd PE | 38.71 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TRNO is valued expensively inside the industry as 88.10% of the companies are valued cheaper.
- TRNO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TRNO is cheaper than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 53.64 | ||
| EV/EBITDA | 25.7 |
4.3 Compensation for Growth
- TRNO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- TRNO has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.43
PEG (5Y)1.09
EPS Next 2Y-9.55%
EPS Next 3Y-0.58%
5. Dividend
5.1 Amount
- TRNO has a Yearly Dividend Yield of 3.50%. Purely for dividend investing, there may be better candidates out there.
- TRNO's Dividend Yield is slightly below the industry average, which is at 6.86.
- TRNO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.5% |
5.2 History
- The dividend of TRNO is nicely growing with an annual growth rate of 13.58%!
- 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)13.58%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
- TRNO pays out 62.29% of its income as dividend. This is not a sustainable payout ratio.
- The Dividend Rate of TRNO has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP62.29%
EPS Next 2Y-9.55%
EPS Next 3Y-0.58%
60.81
+0.89 (+1.49%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-05 2025-11-05/amc
Earnings (Next)02-03 2026-02-03/amc
Inst Owners110.45%
Inst Owner Change0.72%
Ins Owners1.91%
Ins Owner Change3.56%
Market Cap6.29B
Revenue(TTM)442.61M
Net Income(TTM)319.48M
Analysts74.78
Price Target67.44 (10.9%)
Short Float %5.28%
Short Ratio8.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.5% |
Yearly Dividend1.87
Dividend Growth(5Y)13.58%
DP62.29%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)153.09%
Min EPS beat(2)136.35%
Max EPS beat(2)169.84%
EPS beat(4)4
Avg EPS beat(4)111.37%
Min EPS beat(4)29.8%
Max EPS beat(4)169.84%
EPS beat(8)7
Avg EPS beat(8)67.71%
EPS beat(12)11
Avg EPS beat(12)63.57%
EPS beat(16)14
Avg EPS beat(16)74.9%
Revenue beat(2)0
Avg Revenue beat(2)-1.48%
Min Revenue beat(2)-2.16%
Max Revenue beat(2)-0.8%
Revenue beat(4)0
Avg Revenue beat(4)-0.85%
Min Revenue beat(4)-2.16%
Max Revenue beat(4)0%
Revenue beat(8)2
Avg Revenue beat(8)-0.41%
Revenue beat(12)3
Avg Revenue beat(12)-0.26%
Revenue beat(16)4
Avg Revenue beat(16)-0.12%
PT rev (1m)0.27%
PT rev (3m)6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.45%
EPS NY rev (1m)0%
EPS NY rev (3m)14.46%
Revenue NQ rev (1m)0.79%
Revenue NQ rev (3m)4.66%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.3 | ||
| Fwd PE | 38.71 | ||
| P/S | 14.21 | ||
| P/FCF | 53.64 | ||
| P/OCF | 24.86 | ||
| P/B | 1.57 | ||
| P/tB | 1.57 | ||
| EV/EBITDA | 25.7 |
EPS(TTM)3.15
EY5.18%
EPS(NY)1.57
Fwd EY2.58%
FCF(TTM)1.13
FCFY1.86%
OCF(TTM)2.45
OCFY4.02%
SpS4.28
BVpS38.64
TBVpS38.64
PEG (NY)1.43
PEG (5Y)1.09
Graham Number52.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 8% | ||
| ROCE | 3.38% | ||
| ROIC | 2.67% | ||
| ROICexc | 2.69% | ||
| ROICexgc | 2.74% | ||
| OM | 39.36% | ||
| PM (TTM) | 72.18% | ||
| GM | 74.53% | ||
| FCFM | 26.48% |
ROA(3y)4.65%
ROA(5y)4.12%
ROE(3y)6.34%
ROE(5y)5.65%
ROIC(3y)2.73%
ROIC(5y)2.65%
ROICexc(3y)2.78%
ROICexc(5y)2.75%
ROICexgc(3y)2.84%
ROICexgc(5y)2.81%
ROCE(3y)3.45%
ROCE(5y)3.35%
ROICexgc growth 3Y-1.28%
ROICexgc growth 5Y1.14%
ROICexc growth 3Y-1.28%
ROICexc growth 5Y1.26%
OM growth 3Y-0.86%
OM growth 5Y2.39%
PM growth 3Y7.03%
PM growth 5Y8.26%
GM growth 3Y-0.14%
GM growth 5Y0.06%
F-Score4
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 8.73 | ||
| Debt/EBITDA | 3.61 | ||
| Cap/Depr | 124.22% | ||
| Cap/Sales | 30.66% | ||
| Interest Coverage | 9.91 | ||
| Cash Conversion | 89.23% | ||
| Profit Quality | 36.69% | ||
| Current Ratio | 0.15 | ||
| Quick Ratio | 0.15 | ||
| Altman-Z | 3.03 |
F-Score4
WACC8.06%
ROIC/WACC0.33
Cap/Depr(3y)188.52%
Cap/Depr(5y)155.5%
Cap/Sales(3y)44.39%
Cap/Sales(5y)36.62%
Profit Quality(3y)20.15%
Profit Quality(5y)43.35%
High Growth Momentum
Growth
EPS 1Y (TTM)74.03%
EPS 3Y16%
EPS 5Y17.7%
EPS Q2Q%170.27%
EPS Next Y13.51%
EPS Next 2Y-9.55%
EPS Next 3Y-0.58%
EPS Next 5YN/A
Revenue 1Y (TTM)21.13%
Revenue growth 3Y19.91%
Revenue growth 5Y17.48%
Sales Q2Q%16.67%
Revenue Next Year21.02%
Revenue Next 2Y15.61%
Revenue Next 3Y13.26%
Revenue Next 5Y16.62%
EBIT growth 1Y19.87%
EBIT growth 3Y18.88%
EBIT growth 5Y20.28%
EBIT Next Year102.59%
EBIT Next 3Y37.81%
EBIT Next 5Y29.83%
FCF growth 1Y151.19%
FCF growth 3Y-4.92%
FCF growth 5Y11.51%
OCF growth 1Y44.66%
OCF growth 3Y20.74%
OCF growth 5Y19.7%
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 7 / 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 19.3 and the Price/Book (PB) ratio is 1.57.
How sustainable is the dividend of TERRENO REALTY CORP (TRNO) stock?
The dividend rating of TERRENO REALTY CORP (TRNO) is 5 / 10 and the dividend payout ratio is 62.29%.