TERRENO REALTY CORP (TRNO) Stock Fundamental Analysis
NYSE:TRNO • US88146M1018
66.1 USD
+1.6 (+2.48%)
At close: Feb 13, 2026
66.1 USD
0 (0%)
After Hours: 2/13/2026, 8:04:00 PM
Taking everything into account, TRNO scores 6 out of 10 in our fundamental rating. TRNO was compared to 122 industry peers in the Diversified REITs industry. TRNO has an excellent profitability rating, but there are some minor concerns on its financial health. TRNO is not priced too expensively while it is growing strongly. Keep and eye on this one! This makes TRNO very considerable for growth investing!
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.
- In the past 5 years TRNO always reported a positive cash flow from operatings.
1.2 Ratios
- TRNO has a Return On Assets of 7.45%. This is amongst the best in the industry. TRNO outperforms 100.00% of its industry peers.
- Looking at the Return On Equity, with a value of 9.68%, TRNO belongs to the top of the industry, outperforming 85.25% of the companies in the same industry.
- TRNO's Return On Invested Capital of 2.92% is in line compared to the rest of the industry. TRNO outperforms 56.56% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for TRNO is in line with the industry average of 3.07%.
- 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
- TRNO has a better Profit Margin (84.22%) than 100.00% of its industry peers.
- TRNO's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 40.39%, TRNO belongs to the top of the industry, outperforming 86.89% of the companies in the same industry.
- TRNO's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 75.84%, TRNO is in the better half of the industry, outperforming 73.77% 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 | 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
- The number of shares outstanding for TRNO has been increased compared to 5 years ago.
- TRNO has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 3.49 indicates that TRNO is not in any danger for bankruptcy at the moment.
- TRNO's Altman-Z score of 3.49 is amongst the best of the industry. TRNO outperforms 98.36% of its industry peers.
- TRNO has a debt to FCF ratio of 6.81. This is a slightly negative value and a sign of low solvency as TRNO would need 6.81 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 6.81, TRNO belongs to the best of the industry, outperforming 95.90% of the companies in the same industry.
- A Debt/Equity ratio of 0.23 indicates that TRNO is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.23, TRNO belongs to the top of the industry, outperforming 96.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 6.81 | ||
| Altman-Z | 3.49 |
ROIC/WACC0.36
WACC8.02%
2.3 Liquidity
- A Current Ratio of 0.14 indicates that TRNO may have some problems paying its short term obligations.
- With a Current ratio value of 0.14, TRNO is not doing good in the industry: 93.44% of the companies in the same industry are doing better.
- A Quick Ratio of 0.14 indicates that TRNO may have some problems paying its short term obligations.
- The Quick ratio of TRNO (0.14) is worse than 92.62% of its industry peers.
- The current and quick ratio evaluation for TRNO is rather negative, while it does have 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
- TRNO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 102.58%, which is quite impressive.
- Measured over the past years, TRNO shows a very strong growth in Earnings Per Share. The EPS has been growing by 32.57% on average per year.
- Looking at the last year, TRNO shows a very strong growth in Revenue. The Revenue has grown by 24.51%.
- Measured over the past years, TRNO shows a very strong growth in Revenue. The Revenue has been growing by 20.58% on average per year.
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
- The Earnings Per Share is expected to decrease by -32.74% on average over the next years. This is quite bad
- TRNO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.79% yearly.
EPS Next Y-57.61%
EPS Next 2Y-32.74%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.96%
Revenue Next 2Y9.13%
Revenue Next 3Y14.02%
Revenue Next 5Y10.79%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 16.99, the valuation of TRNO can be described as correct.
- 88.52% of the companies in the same industry are more expensive than TRNO, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.97, TRNO is valued a bit cheaper.
- TRNO is valuated quite expensively with a Price/Forward Earnings ratio of 40.08.
- 68.03% 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 (27.96), we can say TRNO is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.99 | ||
| Fwd PE | 40.08 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TRNO is valued more expensive than 86.07% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, TRNO is valued a bit cheaper than the industry average as 69.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.73 | ||
| EV/EBITDA | 24.32 |
4.3 Compensation for Growth
- TRNO has an outstanding profitability rating, which may justify a higher PE ratio.
- A cheap valuation may be justified as TRNO's earnings are expected to decrease with -32.74% in the coming years.
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 3.18%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 6.86, TRNO is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.79, TRNO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.18% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
- The Dividend Rate of TRNO has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP50.82%
EPS Next 2Y-32.74%
EPS Next 3YN/A
66.1
+1.6 (+2.48%)
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-1.12%
Ins Owners1.91%
Ins Owner Change-0.11%
Market Cap6.89B
Revenue(TTM)476.38M
Net Income(TTM)401.19M
Analysts77.5
Price Target68.02 (2.9%)
Short Float %5.06%
Short Ratio7.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.18% |
Yearly Dividend2.01
Dividend Growth(5Y)12.59%
DP50.82%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
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)0.86%
PT rev (3m)5.46%
EPS NQ rev (1m)32.28%
EPS NQ rev (3m)52.73%
EPS NY rev (1m)37.75%
EPS NY rev (3m)57.68%
Revenue NQ rev (1m)1.77%
Revenue NQ rev (3m)6.77%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)1.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.99 | ||
| Fwd PE | 40.08 | ||
| P/S | 14.46 | ||
| P/FCF | 49.73 | ||
| P/OCF | 25.33 | ||
| P/B | 1.66 | ||
| P/tB | 1.66 | ||
| EV/EBITDA | 24.32 |
EPS(TTM)3.89
EY5.89%
EPS(NY)1.65
Fwd EY2.49%
FCF(TTM)1.33
FCFY2.01%
OCF(TTM)2.61
OCFY3.95%
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 | 3.49 |
F-Score6
WACC8.02%
ROIC/WACC0.36
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 Year7.96%
Revenue Next 2Y9.13%
Revenue Next 3Y14.02%
Revenue Next 5Y10.79%
EBIT growth 1Y30%
EBIT growth 3Y20.36%
EBIT growth 5Y22.95%
EBIT Next Year75.46%
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 16.99 and the Price/Book (PB) ratio is 1.66.
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%.