TERRENO REALTY CORP (TRNO) Stock Fundamental Analysis
NYSE:TRNO • US88146M1018
66.38 USD
+0.32 (+0.48%)
At close: Mar 2, 2026
66.38 USD
0 (0%)
After Hours: 3/2/2026, 4:10:04 PM
We assign a fundamental rating of 6 out of 10 to TRNO. TRNO was compared to 122 industry peers in the Diversified REITs industry. While TRNO belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. TRNO is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make TRNO suitable for growth investing!
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.
- TRNO had positive earnings in each of the past 5 years.
- TRNO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- TRNO has a Return On Assets of 7.45%. This is amongst the best in the industry. TRNO outperforms 99.18% of its industry peers.
- TRNO has a better Return On Equity (9.68%) than 82.79% of its industry peers.
- The Return On Invested Capital of TRNO (2.92%) is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for TRNO is in line with the industry average of 3.09%.
- 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 99.18% of its industry peers.
- TRNO's Profit Margin has improved in the last couple of years.
- TRNO has a Operating Margin of 40.39%. This is amongst the best in the industry. TRNO outperforms 86.07% of its industry peers.
- TRNO's Operating Margin has improved in the last couple of years.
- TRNO's Gross Margin of 75.84% is fine compared to the rest of the industry. TRNO outperforms 72.95% of its industry peers.
- 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRNO is destroying value.
- Compared to 1 year ago, TRNO has more shares outstanding
- Compared to 5 years ago, TRNO has more shares outstanding
- Compared to 1 year ago, TRNO has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 3.57 indicates that TRNO is not in any danger for bankruptcy at the moment.
- With an excellent Altman-Z score value of 3.57, TRNO belongs to the best of the industry, outperforming 99.18% of the companies in the same industry.
- 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.
- Looking at the Debt to FCF ratio, with a value of 6.81, TRNO belongs to the top of the industry, outperforming 95.90% 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 95.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 6.81 | ||
| Altman-Z | 3.57 |
ROIC/WACC0.37
WACC7.91%
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 94.26% 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.
- Looking at the Quick ratio, with a value of 0.14, TRNO is doing worse than 94.26% of the companies in the same industry.
- 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
- 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.
- The Revenue has grown by 24.51% in the past year. This is a very strong growth!
- The Revenue has been growing by 20.58% on average over the past years. This is a very strong growth!
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 Year8.46%
Revenue Next 2Y8.35%
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.
- 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 17.06, 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 84.43% of the companies in the same industry.
- TRNO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.07.
- A Price/Forward Earnings ratio of 40.25 indicates a quite expensive valuation of TRNO.
- Based on the Price/Forward Earnings ratio, TRNO is valued a bit cheaper than the industry average as 68.85% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 28.05. TRNO is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.06 | ||
| Fwd PE | 40.25 |
4.2 Price Multiples
- 88.52% of the companies in the same industry are cheaper than TRNO, based on the Enterprise Value to EBITDA ratio.
- 68.03% of the companies in the same industry are more expensive than TRNO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.94 | ||
| EV/EBITDA | 24.84 |
4.3 Compensation for Growth
- The excellent profitability rating of TRNO may justify a higher PE ratio.
- TRNO's earnings are expected to decrease with -32.74% in the coming years. This may justify a cheaper valuation.
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 3.14%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 7.13, TRNO is paying slightly less dividend.
- TRNO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
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 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
66.38
+0.32 (+0.48%)
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-1.78%
Ins Owners1.91%
Ins Owner Change0.07%
Market Cap6.92B
Revenue(TTM)476.38M
Net Income(TTM)401.19M
Analysts77.5
Price Target71.27 (7.37%)
Short Float %5.69%
Short Ratio7.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
Yearly Dividend2.01
Dividend Growth(5Y)12.59%
DP50.82%
Div Incr Years11
Div Non Decr Years11
Ex-Date03-27 2026-03-27 (0.52)
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)5.59%
PT rev (3m)6.92%
EPS NQ rev (1m)-37.8%
EPS NQ rev (3m)-15.49%
EPS NY rev (1m)-14.83%
EPS NY rev (3m)6.59%
Revenue NQ rev (1m)1.99%
Revenue NQ rev (3m)0.73%
Revenue NY rev (1m)0.46%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.06 | ||
| Fwd PE | 40.25 | ||
| P/S | 14.52 | ||
| P/FCF | 49.94 | ||
| P/OCF | 25.44 | ||
| P/B | 1.67 | ||
| P/tB | 1.67 | ||
| EV/EBITDA | 24.84 |
EPS(TTM)3.89
EY5.86%
EPS(NY)1.65
Fwd EY2.48%
FCF(TTM)1.33
FCFY2%
OCF(TTM)2.61
OCFY3.93%
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
WACC7.91%
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 Year8.46%
Revenue Next 2Y8.35%
Revenue Next 3Y14.02%
Revenue Next 5Y10.79%
EBIT growth 1Y30%
EBIT growth 3Y20.36%
EBIT growth 5Y22.95%
EBIT Next Year74.45%
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 17.06 and the Price/Book (PB) ratio is 1.67.
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%.