TERRENO REALTY CORP (TRNO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TRNO - US88146M1018 - REIT
59.92 USD
+0.51 (+0.86%)
59.92 USD
0 (0%)
TRNO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 126 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 not valued too expensively and it also shows a decent growth rate.
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.
- TRNO had positive earnings in each of the past 5 years.
- 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 5.99%, TRNO belongs to the top of the industry, outperforming 99.21% of the companies in the same industry.
- TRNO has a better Return On Equity (8.00%) than 79.37% of its industry peers.
- With a Return On Invested Capital value of 2.67%, TRNO perfoms like the industry average, outperforming 48.41% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for TRNO 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
- 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.
- Looking at the Operating Margin, with a value of 39.36%, TRNO belongs to the top of the industry, outperforming 84.92% of the companies in the same industry.
- TRNO's Operating Margin has improved in the last couple of years.
- TRNO has a better Gross Margin (74.53%) than 72.22% 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 | 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.
- TRNO has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, TRNO has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 2.99 indicates that TRNO is not in any danger for bankruptcy at the moment.
- TRNO has a Altman-Z score of 2.99. This is amongst the best in the industry. TRNO outperforms 96.83% of its industry peers.
- TRNO has a debt to FCF ratio of 8.73. This is a slightly negative value and a sign of low solvency as TRNO would need 8.73 years to pay back of 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.
- TRNO has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.26, TRNO belongs to the top 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 | 2.99 |
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.
- With a Current ratio value of 0.15, TRNO is not doing good in the industry: 93.65% of the companies in the same industry are doing better.
- 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.
- 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
- The Earnings Per Share has grown by an impressive 74.03% over the past year.
- 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.
- TRNO shows a strong growth in Revenue. In the last year, 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
- The Earnings Per Share is expected to decrease by -0.58% on average over the next years.
- The Revenue is expected to grow by 16.62% on average over the next years. This is quite good.
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.
- 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
- With a Price/Earnings ratio of 19.02, TRNO is valued on the expensive side.
- Based on the Price/Earnings ratio, TRNO is valued cheaper than 84.92% of the companies in the same industry.
- When comparing the Price/Earnings ratio of TRNO to the average of the S&P500 Index (27.30), we can say TRNO is valued slightly cheaper.
- The Price/Forward Earnings ratio is 38.15, which means the current valuation is very expensive for TRNO.
- 67.46% of the companies in the same industry are more expensive than TRNO, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 24.04. TRNO is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.02 | ||
| Fwd PE | 38.15 |
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 88.10% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, TRNO is valued a bit cheaper than 65.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 52.85 | ||
| EV/EBITDA | 25.37 |
4.3 Compensation for Growth
- TRNO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of TRNO may justify a higher PE ratio.
PEG (NY)1.41
PEG (5Y)1.07
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 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.5% |
5.2 History
- On average, the dividend of TRNO grows each year by 13.58%, 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 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
- 62.29% of the earnings are spent on dividend by TRNO. This is not a sustainable payout ratio.
- TRNO's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP62.29%
EPS Next 2Y-9.55%
EPS Next 3Y-0.58%
59.92
+0.51 (+0.86%)
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 Cap6.20B
Revenue(TTM)442.61M
Net Income(TTM)319.48M
Analysts74.78
Price Target67.44 (12.55%)
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 | 19.02 | ||
| Fwd PE | 38.15 | ||
| P/S | 14 | ||
| P/FCF | 52.85 | ||
| P/OCF | 24.5 | ||
| P/B | 1.55 | ||
| P/tB | 1.55 | ||
| EV/EBITDA | 25.37 |
EPS(TTM)3.15
EY5.26%
EPS(NY)1.57
Fwd EY2.62%
FCF(TTM)1.13
FCFY1.89%
OCF(TTM)2.45
OCFY4.08%
SpS4.28
BVpS38.64
TBVpS38.64
PEG (NY)1.41
PEG (5Y)1.07
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 | 2.99 |
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 5 / 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 19.02 and the Price/Book (PB) ratio is 1.55.
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%.