Stocks · Real Estate · REIT - Industrial
Terreno Realty Corporation TRNO
$64.54 +0.88% Close, Oct 2, 2026 · NYSE · Market cap $6.86B
Low risk
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $3.72, up 48.8% year over year.
- The shares trade at 17.3× trailing earnings, lower than 90% of the company's own readings over the past five years.
- Revenue over the last four quarters was $502.9M, up 18.0% from a year earlier, slowing from 20.2% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth77Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 24%
- EPS growth (TTM, YoY)Top 28%
- FCF growth (TTM, YoY)Top 47%
- Revenue growth, 3-year CAGRTop 12%
- Revenue growth accelerationBottom 22%
Quality68Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 48%
- Gross marginTop 31%
- Operating marginTop 24%
- Cash conversion (OCF / net income)Bottom 20%
- Accruals (lower is better)Bottom 8%
- Net debt / EBITDA (lower is better)Top 10%
- Interest coverTop 5%
Value49Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 25%
- Free-cash-flow yieldBottom 30%
- EBITDA / enterprise valueTop 40%
- Sales / enterprise valueBottom 14%
- P/E vs own 5-year history (lower is better)Top 25%
Momentum72Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 24%
- 6-month returnTop 34%
- 1-year return vs S&P 500Top 19%
- Distance from 52-week highTop 42%
- Trend checklist (0–4)Top 41%
Revisions80Strong
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 16%
- Consecutive EPS beatsTop 32%
- Share of analysts rating BuyTop 24%
- Upside to consensus price targetBottom 24%
Stability93Exceptional
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 17%
- Maximum drawdown, 3 yearsTop 27%
- Beta vs S&P 500 (lower is better)Top 39%
- Net debt / EBITDA (lower is better)Top 10%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 20.2% | 18.0% | ↓ |
| EPS growth (YoY) | 107.1% | 48.8% | ↓ |
| Gross margin | 74.2% | 64.4% | ↓ |
| Operating margin | 38.8% | 41.4% | ↑ |
| FCF margin | 43.4% | 36.9% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 18.0% | 20.2% | ↓ | Top 24% |
| EPS growth (TTM, YoY) | 48.8% | 107.1% | ↓ | Top 28% |
| Gross margin | 64.4% | 74.2% | ↓ | Top 31% |
| Operating margin | 41.4% | 38.8% | ↑ | Top 24% |
| Net margin | 77.3% | 59.7% | ↑ | — |
| Free-cash-flow margin | 36.9% | 43.4% | ↓ | — |
| Return on invested capital | 3.6% | — | Bottom 48% | |
| Revenue growth, 3-year CAGR | 19.9% | — | Top 12% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.74×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 1.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -118.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.83×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 5.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.33%
- Net buyback yield (TTM)
- -4.45%
- Shareholder yield
- -2.12%
- Share count change, 1 year
- +3.6%
- Share count change, 3-year CAGR
- +8.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +76.8%
- Average 2-day reaction, last 8
- +0.2%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $74.45
- Target vs current price
- +15.4%
- Analysts with a rating
- 32
- Share rating Buy or Strong Buy
- 66%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +31.7% | -1.3% | -3.0% | -5.6% | — |
| May 6, 2026 | +112.5% | +1.7% | +1.4% | -1.4% | +10.2% |
| Feb 4, 2026 | -2.4% | +3.0% | +4.6% | +3.9% | +4.3% |
| Nov 5, 2025 | +165.5% | +0.2% | +6.8% | +7.8% | +6.3% |
| Aug 6, 2025 | +130.8% | -1.5% | -2.7% | +2.8% | +5.1% |
| May 8, 2025 | +31.5% | +0.3% | +2.3% | +2.9% | -2.5% |
| Feb 5, 2025 | +100.0% | +0.9% | +1.4% | +3.8% | -14.2% |
| Nov 6, 2024 | +1.8% | -1.6% | +0.5% | -1.9% | +8.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $0.54 | $0.41 | +31.7% | $124.7M |
| May 6, 2026 | $0.68 | $0.32 | +112.5% | $124.4M |
| Feb 4, 2026 | $0.83 | $0.85 | -2.4% | $137.5M |
| Nov 5, 2025 | $1.00 | $0.38 | +165.5% | $116.2M |
| Aug 6, 2025 | $0.90 | $0.39 | +130.8% | $112.2M |
| May 8, 2025 | $0.48 | $0.37 | +31.5% | $110.4M |
| Feb 5, 2025 | $0.76 | $0.38 | +100.0% | $103.7M |
| Nov 6, 2024 | $0.37 | $0.36 | +1.8% | $99.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 17.3× | 28.7× | 10th | Top 25% |
| P/E (forward) | 30.6× | — | — | — |
| EV / EBITDA | 14.3× | — | — | Top 40% |
| EV / Sales | 15.64× | — | — | Bottom 14% |
| Free-cash-flow yield | 2.70% | — | — | Bottom 30% |
| Earnings yield | 5.76% | — | — | Top 25% |
P/E over the past five years
Range 16.2× – 81.7× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +11.9%
- Earnings per share growth (TTM)
- +48.8%
- Change in P/E multiple
- -14.6%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -2.4%
- 200-day average slope (20 days)
- +0.6%
- Distance from 50-day average
- -4.6%
- Distance from 200-day average
- -1.2%
- RSI (14)
- 37.9
- Relative volume
- 1.09×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 17.6%
- Volatility vs own 5-year history
- 4th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.50
- Correlation with S&P 500
- 0.32
- Current drawdown from 1-year high
- -14.0%
- Maximum drawdown, 3 years
- -27.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 31, 2021 | Oct 25, 2023 | -40.6% | 456 days | Not yet recovered |
| Oct 12, 2020 | Mar 4, 2021 | -12.0% | 98 days | 29 days (Apr 15, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $6.86B
- P/E (TTM)
- 17.3
- EPS, diluted (TTM)
- $3.72
- Revenue (TTM)
- $502.9M
- Dividend yield
- 3.30%
- 52-week range
- $55.92 – $78.94
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $221.9M | $276.2M | $323.6M | $382.6M | $476.4M |
| Gross profit | $165.7M | $207.3M | $244.5M | $284.5M | $361.3M |
| Operating income | $88.0M | $110.4M | $133.4M | $148.0M | $192.4M |
| Net income | $87.3M | $198.0M | $151.5M | $184.5M | $403.0M |
| EPS (diluted) | $0.87 | $2.61 | $1.81 | $1.92 | $3.92 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $99.6M | $103.7M | $110.4M | $112.2M | $116.2M | $137.5M | $124.4M | $124.7M |
| Net income | $36.6M | $76.1M | $48.1M | $93.3M | $103.4M | $158.2M | $69.4M | $57.6M |
| EPS (diluted) | $0.37 | $0.76 | $0.47 | $0.90 | $1.00 | $1.52 | $0.66 | $0.54 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $132.2M | $143.2M | $179.7M | $232.7M | $271.9M |
| Capital expenditure | -$51.3M | -$66.6M | -$53.1M | -$46.4M | -$63.4M |
| Free cash flow | $80.9M | $76.6M | $126.6M | $186.3M | $208.5M |
| Dividends paid | -$84.6M | -$107.4M | -$135.9M | -$175.0M | -$203.9M |
| Net share buybacks | $456.1M | $76.6M | $664.8M | $733.7M | $277.7M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $51.2M
- Total assets
- $5.71B
- Total liabilities
- $1.28B
- Total debt
- $1.06B
- Net debt
- $1.00B
- Shareholders’ equity
- $4.43B
As of Jun 30, 2026 (filed Aug 5, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.57 | Oct 9, 2026 |
| Jun 26, 2026 | $0.52 | Jul 10, 2026 |
| Mar 27, 2026 | $0.52 | Apr 10, 2026 |
| Dec 15, 2025 | $0.52 | Jan 9, 2026 |
| Sep 29, 2025 | $0.52 | Oct 10, 2025 |
| Jun 27, 2025 | $0.49 | Jul 11, 2025 |
| Mar 27, 2025 | $0.49 | Apr 4, 2025 |
| Dec 13, 2024 | $0.49 | Jan 7, 2025 |
Short interest
- Shares sold short
- 6,540,797
- Days to cover
- 10.38
- Change vs previous report
- -3.0%
FINRA short interest, settlement date Sep 15, 2026.