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
Follow TRNO
Alert me
Terreno Realty Corporation (TRNO) 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
Embed this chart
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 | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| STAG Stag Industrial, Inc. compare | 79.6% |
| REXR Rexford Industrial Realty, Inc. compare | 76.6% |
| TRNO Terreno Realty Corporation | 76.0% |
| EGP EastGroup Properties, Inc. compare | 73.8% |
| FR First Industrial Realty Trust, Inc. compare | 73.8% |
| CUBE CubeSmart compare | 67.7% |
| SMA Smartstop Self Storage REIT Inc compare | 59.8% |
| COLD Americold Realty Trust Inc. compare | 32.2% |
| LINE Lineage, Inc. compare | 32.0% |
| Reit Industrial industry median | 73.8% |
| Real Estate sector median | 62.8% |
| Market median | 45.1% |
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
More on TRNO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement