Saturday 17 October 2026
Export TRNO’s income statement to Excel — free account
Terreno Realty Corporation
TRNO Real Estate Reit Industrial
Terreno Realty Corporation’s revenue for fiscal 2025 (year ended December 2025) was $476.4 million, up 24.5% from fiscal 2024. In the quarter to June 2026, revenue grew 11.1%, EPS fell 40.0%, free cash flow fell 173.9% and total debt rose 26.7%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for ten.
64.06
0.13
+0.20%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
109.50 | 36.74 | 32.56 | 63.69 | 50.01 | 69.34 | 21.73 | 34.79 | 30.80 | 15.02 |
Piotroski F-Score |
4 | 8 | 6 | 6 | 7 | 5 | 6 | 7 | 4 | 7 |
P/S ratio |
11.74 | 13.53 | 13.33 | 20.40 | 21.22 | 27.11 | 15.50 | 16.18 | 14.76 | 12.63 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
105.35 | 113.11 | 98.18 | 133.15 | 167.42 | 178.16 | 125.24 | 134.11 | 110.07 | 85.61 |
P/B ratio |
1.66 | 1.74 | 1.62 | 2.30 | 2.50 | 2.92 | 1.92 | 1.80 | 1.54 | 1.45 |
Price to Tangible BV |
1.66 | 1.74 | 1.62 | 2.30 | 2.50 | 2.92 | 1.92 | 1.80 | 1.54 | 1.45 |
EV/Sales |
15.54 | 16.83 | 16.25 | 22.71 | 23.17 | 29.54 | 18.30 | 18.16 | 16.97 | 14.65 |
EV/EBITDA |
30.58 | 29.35 | 28.20 | 39.15 | 39.39 | 49.59 | 31.64 | 30.29 | 28.69 | 24.26 |
EV/Operating CF |
34.21 | 32.08 | 31.76 | 41.02 | 42.86 | 49.59 | 35.29 | 32.70 | 27.91 | 25.68 |
EV/FCF |
(13.83) | (8.74) | (13.48) | (19.04) | (115.06) | (11.40) | (14.17) | (12.67) | (8.61) | (12.58) |
Quick Ratio |
0.78 | 1.68 | 1.25 | 3.97 | 4.02 | 4.54 | 0.53 | 2.68 | 0.23 | 0.32 |
Current Ratio |
0.78 | 1.68 | 1.25 | 3.97 | 4.02 | 4.54 | 0.53 | 2.68 | 0.23 | 0.32 |
Net Debt/EBITDA |
7.46 | 5.75 | 5.07 | 3.99 | 3.33 | 4.09 | 4.83 | 3.29 | 3.73 | 3.36 |
Debt/Assets |
33.25% | 30.15% | 26.39% | 23.99% | 22.10% | 25.46% | 25.23% | 20.60% | 18.10% | 18.39% |
Debt/Equity |
0.52 | 0.46 | 0.38 | 0.33 | 0.30 | 0.36 | 0.36 | 0.28 | 0.24 | 0.24 |
Asset Turnover |
0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
Operating CF/Net income |
4.30 | 1.42 | 1.23 | 1.72 | 1.27 | 1.52 | 0.73 | 1.19 | 1.27 | 0.68 |
Capex/Depreciation |
(5.06) | (8.79) | (6.82) | (7.40) | (3.32) | (15.96) | (9.83) | (10.58) | (12.59) | (8.64) |
Interest Coverage |
1.63 | 2.33 | 2.70 | 3.60 | 4.26 | 4.87 | 4.57 | 5.37 | 7.07 | 5.85 |
| 1.58% | 5.47% | 5.53% | 3.99% | 5.11% | 4.77% | 9.20% | 5.86% | 5.59% | 10.28% | |
| 0.94% | 3.44% | 3.74% | 2.83% | 3.74% | 3.43% | 6.48% | 4.26% | 4.24% | 7.90% | |
ROIC |
1.09% | 1.67% | 1.82% | 1.92% | 2.18% | 2.11% | 2.27% | 2.34% | 2.05% | 2.35% |
Return on Tangible Assets |
0.93% | 3.24% | 3.74% | 2.72% | 3.83% | 3.08% | 6.46% | 4.00% | 3.99% | 7.70% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
17.82% | 14.86% | 14.18% | 13.99% | 12.57% | 12.15% | 11.29% | 11.72% | 11.13% | 9.92% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
8.71% | 6.59% | 6.11% | 6.22% | 5.26% | 4.30% | 3.68% | 4.16% | 3.90% | 3.72% |
Graham Net Nets |
(0.36) | (0.28) | (0.26) | (0.14) | (0.11) | (0.11) | (0.21) | (0.16) | (0.19) | (0.20) |
Graham Number |
10.01 | 20.68 | 22.97 | 21.22 | 24.84 | 28.42 | 41.65 | 37.78 | 40.70 | 59.67 |
Earnings Yield |
0.91% | 2.72% | 3.07% | 1.57% | 2.00% | 1.44% | 4.60% | 2.87% | 3.25% | 6.66% |
Free Cash Flow Yield |
(9.56%) | (14.23%) | (9.04%) | (5.85%) | (0.95%) | (9.56%) | (8.33%) | (8.86%) | (13.36%) | (9.23%) |
Revenue per Share |
2.42 | 2.58 | 2.64 | 2.65 | 2.76 | 3.15 | 3.66 | 3.89 | 4.01 | 4.65 |
Operating CF per Share |
1.10 | 1.35 | 1.35 | 1.47 | 1.49 | 1.87 | 1.90 | 2.16 | 2.44 | 2.65 |
Capex per Share |
(3.82) | (6.32) | (4.53) | (4.63) | (2.05) | (10.03) | (6.62) | (7.74) | (10.34) | (8.07) |
Free Cash Flow per Share |
(2.72) | (4.97) | (3.18) | (3.17) | (0.56) | (8.16) | (4.72) | (5.58) | (7.90) | (5.42) |
Cash per Share |
0.32 | 0.70 | 0.54 | 1.71 | 1.58 | 2.90 | 0.35 | 1.99 | 0.19 | 0.24 |
Shareholders Equity per Share |
18.15 | 20.01 | 21.71 | 23.55 | 23.44 | 29.18 | 29.54 | 35.04 | 38.34 | 40.47 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
18.15 | 20.01 | 21.71 | 23.55 | 23.44 | 29.18 | 29.54 | 35.04 | 38.34 | 40.47 |
Free Cash Flow |
(121.77) | (255.02) | (182.85) | (203.93) | (37.64) | (575.31) | (356.60) | (463.79) | (754.69) | (555.15) |
Working Capital |
(4.01) | 14.44 | 6.11 | 82.38 | 80.49 | 159.38 | (23.30) | 103.62 | (61.15) | (52.31) |
Capital Expenditures |
(171.01) | (324.51) | (260.45) | (298.61) | (138.69) | (707.52) | (499.81) | (643.46) | (987.38) | (827.01) |
Net Current Asset Value |
(452.97) | (504.67) | (517.70) | (481.26) | (444.46) | (661.85) | (908.20) | (824.65) | (1,089.75) | (1,216.78) |
EV/EBIT |
79.28 | 57.09 | 50.07 | 66.01 | 63.54 | 74.62 | 46.42 | 44.14 | 43.89 | 36.34 |
Capex to Sales |
1.58 | 2.45 | 1.72 | 1.75 | 0.74 | 3.19 | 1.81 | 1.99 | 2.58 | 1.74 |
Price to Operating Income |
59.93 | 45.90 | 41.07 | 59.28 | 58.18 | 68.47 | 39.33 | 39.34 | 38.18 | 31.32 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
Cash ROIC |
(9.73%) | (16.60%) | (10.43%) | (9.56%) | (1.74%) | (19.13%) | (11.67%) | (11.94%) | (16.61%) | (10.75%) |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
2.01 | 1.82 | 1.73 | 1.68 | 1.81 | 1.57 | 1.45 | 1.42 | 1.39 | 1.47 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
219.30 | 216.41 | 227.22 | 228.73 | 198.41 | 292.17 | 263.23 | 285.15 | 294.77 | 245.22 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
15.11 | 19.75 | 23.08 | 26.30 | 27.19 | 35.86 | 47.36 | 55.74 | 70.50 | 78.27 |
Average Assets |
1,215.56 | 1,423.43 | 1,682.19 | 1,952.48 | 2,124.14 | 2,532.02 | 3,044.33 | 3,534.56 | 4,337.42 | 5,079.12 |
Average Common Equity |
726.44 | 896.65 | 1,137.65 | 1,382.46 | 1,552.65 | 1,823.07 | 2,143.91 | 2,572.24 | 3,288.48 | 3,904.31 |
Columns are period end dates