TERRENO REALTY CORP (TRNO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TRNO - US88146M1018 - REIT
62.66 USD
+1.36 (+2.22%)
62.66 USD
0 (0%)
TRNO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 125 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
- The Return On Assets of TRNO (5.99%) is better than 99.20% of its industry peers.
- With a decent Return On Equity value of 8.00%, TRNO is doing good in the industry, outperforming 79.20% 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 3.07%.
| 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
- Looking at the Profit Margin, with a value of 72.18%, TRNO belongs to the top 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 84.80% of the companies in the same industry.
- TRNO's Operating Margin has improved in the last couple of years.
- TRNO has a Gross Margin of 74.53%. This is in the better half of the industry: TRNO outperforms 72.00% 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
- 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
- The debt/assets ratio for TRNO has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.12 indicates that TRNO is not in any danger for bankruptcy at the moment.
- TRNO has a better Altman-Z score (3.12) than 96.80% 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 93.60% of its industry peers.
- A Debt/Equity ratio of 0.26 indicates that TRNO is not too dependend on debt financing.
- TRNO's Debt to Equity ratio of 0.26 is amongst the best of the industry. TRNO outperforms 96.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 8.73 | ||
| Altman-Z | 3.12 |
ROIC/WACC0.33
WACC8.13%
2.3 Liquidity
- TRNO has a Current 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.
- With a Current ratio value of 0.15, TRNO is not doing good in the industry: 93.60% 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.
- Looking at the Quick ratio, with a value of 0.15, TRNO is doing worse than 92.80% of the companies in the same industry.
| 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.
- TRNO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.70% yearly.
- 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
- 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 Year21.64%
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
- With a Price/Earnings ratio of 19.89, TRNO is valued on the expensive side.
- TRNO's Price/Earnings ratio is rather cheap when compared to the industry. TRNO is cheaper than 83.20% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.38. TRNO is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 39.89, the valuation of TRNO can be described as expensive.
- 66.40% of the companies in the same industry are more expensive than TRNO, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of TRNO to the average of the S&P500 Index (24.29), we can say TRNO is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.89 | ||
| Fwd PE | 39.89 |
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 90.40% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, TRNO is valued a bit cheaper than 64.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.27 | ||
| EV/EBITDA | 26.37 |
4.3 Compensation for Growth
- TRNO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- TRNO has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.47
PEG (5Y)1.12
EPS Next 2Y-9.55%
EPS Next 3Y-0.58%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.39%, TRNO has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 6.59, TRNO is paying slightly less dividend.
- TRNO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
5.2 History
- On average, the dividend of TRNO grows each year by 13.58%, 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)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%
62.66
+1.36 (+2.22%)
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 Change0.62%
Ins Owners1.91%
Ins Owner Change3.56%
Market Cap6.48B
Revenue(TTM)442.61M
Net Income(TTM)319.48M
Analysts74.78
Price Target67.5 (7.72%)
Short Float %5.28%
Short Ratio8.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
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)0.36%
PT rev (3m)6.09%
EPS NQ rev (1m)18.11%
EPS NQ rev (3m)36.36%
EPS NY rev (1m)0%
EPS NY rev (3m)14.46%
Revenue NQ rev (1m)2.56%
Revenue NQ rev (3m)6.76%
Revenue NY rev (1m)0.57%
Revenue NY rev (3m)1.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.89 | ||
| Fwd PE | 39.89 | ||
| P/S | 14.64 | ||
| P/FCF | 55.27 | ||
| P/OCF | 25.62 | ||
| P/B | 1.62 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 26.37 |
EPS(TTM)3.15
EY5.03%
EPS(NY)1.57
Fwd EY2.51%
FCF(TTM)1.13
FCFY1.81%
OCF(TTM)2.45
OCFY3.9%
SpS4.28
BVpS38.64
TBVpS38.64
PEG (NY)1.47
PEG (5Y)1.12
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 | 3.12 |
F-Score4
WACC8.13%
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 Year21.64%
Revenue Next 2Y14.6%
Revenue Next 3Y13.15%
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 19.89 and the Price/Book (PB) ratio is 1.62.
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%.