TERRENO REALTY CORP (TRNO) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:TRNO • US88146M1018

65.98 USD
-0.12 (-0.18%)
At close: Feb 9, 2026
65.98 USD
0 (0%)
After Hours: 2/9/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to TRNO. TRNO was compared to 122 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.


Dividend Valuation Growth Profitability Health

8

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.
  • In the past 5 years TRNO has always been profitable.
  • In the past 5 years TRNO always reported a positive cash flow from operatings.
TRNO Yearly Net Income VS EBIT VS OCF VS FCFTRNO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

1.2 Ratios

  • With an excellent Return On Assets value of 5.99%, TRNO belongs to the best of the industry, outperforming 99.18% of the companies in the same industry.
  • TRNO has a Return On Equity of 8.00%. This is amongst the best in the industry. TRNO outperforms 80.33% of its industry peers.
  • TRNO has a Return On Invested Capital (2.67%) which 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 RankSector 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%
TRNO Yearly ROA, ROE, ROICTRNO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • The Profit Margin of TRNO (72.18%) is better than 100.00% of its industry peers.
  • 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 85.25% 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 72.13% 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 RankSector 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%
TRNO Yearly Profit, Operating, Gross MarginsTRNO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRNO is destroying value.
  • TRNO has more shares outstanding than it did 1 year ago.
  • TRNO has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for TRNO has been reduced compared to a year ago.
TRNO Yearly Shares OutstandingTRNO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
TRNO Yearly Total Debt VS Total AssetsTRNO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • An Altman-Z score of 3.27 indicates that TRNO is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of TRNO (3.27) is better than 96.72% 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.
  • With an excellent Debt to FCF ratio value of 8.73, TRNO belongs to the best of the industry, outperforming 93.44% of the companies in the same industry.
  • A Debt/Equity ratio of 0.26 indicates that TRNO is not too dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.26, TRNO belongs to the best of the industry, outperforming 96.72% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 8.73
Altman-Z 3.27
ROIC/WACC0.33
WACC8.15%
TRNO Yearly LT Debt VS Equity VS FCFTRNO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.15 indicates that TRNO may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.15, TRNO is doing worse than 94.26% of the companies in the same industry.
  • 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's Quick ratio of 0.15 is on the low side compared to the rest of the industry. TRNO is outperformed by 93.44% 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 RankSector Rank
Current Ratio 0.15
Quick Ratio 0.15
TRNO Yearly Current Assets VS Current LiabilitesTRNO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

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.
  • The Revenue has grown by 21.13% in the past year. This is a very strong growth!
  • TRNO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.48% yearly.
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 -2.87% on average per year.
  • 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 Y56.36%
EPS Next 2Y-7.33%
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

  • 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 Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
TRNO Yearly Revenue VS EstimatesTRNO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M
TRNO Yearly EPS VS EstimatesTRNO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 20.95, which indicates a rather expensive current valuation of TRNO.
  • TRNO's Price/Earnings ratio is a bit cheaper when compared to the industry. TRNO is cheaper than 78.69% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.06. TRNO is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 40.01, the valuation of TRNO can be described as expensive.
  • Based on the Price/Forward Earnings ratio, TRNO is valued a bit cheaper than the industry average as 67.21% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of TRNO to the average of the S&P500 Index (27.86), we can say TRNO is valued slightly more expensively.
Industry RankSector Rank
PE 20.95
Fwd PE 40.01
TRNO Price Earnings VS Forward Price EarningsTRNO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • TRNO's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. TRNO is more expensive than 90.16% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, TRNO is valued a bit cheaper than 66.39% of the companies in the same industry.
Industry RankSector Rank
P/FCF 58.2
EV/EBITDA 27.59
TRNO Per share dataTRNO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of TRNO 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)0.37
PEG (5Y)1.18
EPS Next 2Y-7.33%
EPS Next 3Y-2.87%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • TRNO has a Yearly Dividend Yield of 3.15%.
  • Compared to an average industry Dividend Yield of 6.80, TRNO is paying slightly less dividend.
  • TRNO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 3.15%

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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)13.58%
Div Incr Years11
Div Non Decr Years11
TRNO Yearly Dividends per shareTRNO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

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-7.33%
EPS Next 3Y-2.87%
TRNO Yearly Income VS Free CF VS DividendTRNO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
TRNO Dividend Payout.TRNO Dividend Payout, showing the Payout Ratio.TRNO Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

TERRENO REALTY CORP

NYSE:TRNO (2/9/2026, 8:04:00 PM)

After market: 65.98 0 (0%)

65.98

-0.12 (-0.18%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-03
Earnings (Next)05-05
Inst Owners110.45%
Inst Owner Change-1.12%
Ins Owners1.91%
Ins Owner Change-0.11%
Market Cap6.82B
Revenue(TTM)442.61M
Net Income(TTM)319.48M
Analysts74.78
Price Target68.02 (3.09%)
Short Float %5.06%
Short Ratio7.13
Dividend
Industry RankSector Rank
Dividend Yield 3.15%
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)0.86%
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 RankSector Rank
PE 20.95
Fwd PE 40.01
P/S 15.41
P/FCF 58.2
P/OCF 26.97
P/B 1.71
P/tB 1.71
EV/EBITDA 27.59
EPS(TTM)3.15
EY4.77%
EPS(NY)1.65
Fwd EY2.5%
FCF(TTM)1.13
FCFY1.72%
OCF(TTM)2.45
OCFY3.71%
SpS4.28
BVpS38.64
TBVpS38.64
PEG (NY)0.37
PEG (5Y)1.18
Graham Number52.33
Profitability
Industry RankSector 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 RankSector 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 3.27
F-Score4
WACC8.15%
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 Y56.36%
EPS Next 2Y-7.33%
EPS Next 3Y-2.87%
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 Year104.8%
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 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 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 20.95 and the Price/Book (PB) ratio is 1.71.


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%.