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.

Revenue
+13.7%
EPS
−38.0%
Free cash flow
+119.0%
Total debt
−11.7%

Quarter to September 2026, against a year earlier

66.49 0.60 −0.89%
Market cap
$7.3B
P/E
19.9×
Fwd P/E
33.2×
Dividend yield
3.19%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Terreno Realty Corporation (TRNO) Gross margin

Alert me on Gross margin

Terreno Realty Corporation's gross margin over the twelve months to 30 September 2026 was 76.0%, up 0.2 percentage points from fiscal 2025 (75.8%). Over the past ten years it has ranged from 72.0% (fiscal 2016) to 75.8% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Reit Industrial industry median of 73.8% and above the Real Estate sector median of 62.8%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 75.8% 1.48
FY2024 74.4% (1.20)
FY2023 75.6% 0.51
FY2022 75.1% 0.39
FY2021 74.7% 0.93
FY2020 73.7% (0.42)
FY2019 74.2% 0.52
FY2018 73.6% 0.71
FY2017 72.9% 0.89
FY2016 72.0% (0.17)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 75.3% (0.99)
Jun 2026 76.3% 1.80
Mar 2026 74.5% (3.59)
Dec 2025 78.0% 2.33
43 more quarters

Against its own ten years

Low 72.0% High 75.8%
Ten-year median 74.2%
Current reading's percentile 98

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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