TERRENO REALTY CORP (TRNO) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:TRNO • US88146M1018
61.54 USD
+0.1 (+0.16%)
At close: Jan 30, 2026
61.54 USD
0 (0%)
After Hours: 1/30/2026, 8:21:52 PM
We assign a fundamental rating of 6 out of 10 to TRNO. TRNO was compared to 124 industry peers in the Diversified REITs industry. While TRNO has a great profitability rating, there are some minor concerns on its financial health. TRNO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year TRNO was profitable.
- In the past year TRNO had a positive cash flow from operations.
- In the past 5 years TRNO has always been profitable.
- TRNO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of TRNO (5.99%) is better than 99.19% of its industry peers.
- With a decent Return On Equity value of 8.00%, TRNO is doing good in the industry, outperforming 79.84% of the companies in the same industry.
- The Return On Invested Capital of TRNO (2.67%) 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 3.05%.
| 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
- With an excellent Profit Margin value of 72.18%, 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.
- TRNO has a Operating Margin of 39.36%. This is amongst the best in the industry. TRNO outperforms 84.68% of its industry peers.
- In the last couple of years the Operating Margin of TRNO has grown nicely.
- Looking at the Gross Margin, with a value of 74.53%, TRNO is in the better half of the industry, outperforming 71.77% 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 | 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.
- The number of shares outstanding for TRNO has been increased compared to 1 year ago.
- 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 3.06 indicates that TRNO is not in any danger for bankruptcy at the moment.
- TRNO has a Altman-Z score of 3.06. This is amongst the best in the industry. TRNO outperforms 96.77% of its industry peers.
- 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 93.55% of its industry peers.
- A Debt/Equity ratio of 0.26 indicates that TRNO is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.26, TRNO belongs to the top of the industry, outperforming 96.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 8.73 | ||
| Altman-Z | 3.06 |
ROIC/WACC0.33
WACC8.12%
2.3 Liquidity
- A Current Ratio of 0.15 indicates that TRNO may have some problems paying its short term obligations.
- TRNO's Current ratio of 0.15 is on the low side compared to the rest of the industry. TRNO is outperformed by 93.55% of its industry peers.
- TRNO has a Quick Ratio of 0.15. This is a bad value and indicates that TRNO is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Quick ratio of TRNO (0.15) is worse than 92.74% 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%.
- Measured over the past years, TRNO shows a quite strong growth in Revenue. The Revenue has been growing by 17.48% on average per year.
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
- The Earnings Per Share is expected to decrease by -2.87% on average over the next years.
- Based on estimates for the next years, TRNO will show a quite strong growth in Revenue. The Revenue will grow by 16.62% on average per year.
EPS Next Y42.2%
EPS Next 2Y0.42%
EPS Next 3Y-2.87%
EPS Next 5YN/A
Revenue Next Year21.64%
Revenue Next 2Y14.6%
Revenue Next 3Y13.15%
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.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- TRNO is valuated rather expensively with a Price/Earnings ratio of 19.54.
- TRNO's Price/Earnings ratio is rather cheap when compared to the industry. TRNO is cheaper than 83.06% of the companies in the same industry.
- When comparing the Price/Earnings ratio of TRNO to the average of the S&P500 Index (28.30), we can say TRNO is valued slightly cheaper.
- A Price/Forward Earnings ratio of 31.78 indicates a quite expensive valuation of TRNO.
- 75.00% of the companies in the same industry are more expensive than TRNO, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, TRNO is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.54 | ||
| Fwd PE | 31.78 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TRNO is valued expensively inside the industry as 89.52% of the companies are valued cheaper.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of TRNO indicates a somewhat cheap valuation: TRNO is cheaper than 66.13% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.28 | ||
| EV/EBITDA | 25.93 |
4.3 Compensation for Growth
- TRNO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- TRNO has a very decent profitability rating, which may justify a higher PE ratio.
- TRNO's earnings are expected to decrease with -2.87% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.46
PEG (5Y)1.1
EPS Next 2Y0.42%
EPS Next 3Y-2.87%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.35%, TRNO has a reasonable but not impressive dividend return.
- TRNO's Dividend Yield is slightly below the industry average, which is at 6.82.
- 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 | 3.35% |
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 2Y0.42%
EPS Next 3Y-2.87%
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 5 / 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 19.54 and the Price/Book (PB) ratio is 1.59.
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%.