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) Net margin

Alert me on Net margin

Terreno Realty Corporation's net margin over the twelve months to 30 September 2026 was 67.8%, down 16.4 percentage points from fiscal 2025 (84.2%). Over the past ten years it has ranged from 10.6% (fiscal 2016) to 84.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Reit Industrial industry median of 30.0% and above the Real Estate sector median of 4.66%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 84.2% 36.21
FY2024 48.0% 1.42
FY2023 46.6% (24.79)
FY2022 71.4% 32.20
FY2021 39.2% (3.30)
FY2020 42.5% 10.22
FY2019 32.3% (9.21)
FY2018 41.5% 4.47
FY2017 37.0% 26.43
FY2016 10.6% (0.86)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 51.3% 5.30
Jun 2026 46.0% (9.58)
Mar 2026 55.5% (59.01)
Dec 2025 114.6% 26.03
43 more quarters

Against its own ten years

Low 10.6% High 84.2%
Ten-year median 41.5%
Current reading's percentile 84

Net margin against peers

Company Net margin
TRNO Terreno Realty Corporation 67.8%
FR First Industrial Realty Trust, Inc. compare 46.1%
EGP EastGroup Properties, Inc. compare 41.1%
CUBE CubeSmart compare 30.2%
STAG Stag Industrial, Inc. compare 29.9%
SMA Smartstop Self Storage REIT Inc compare 9.41%
COLD Americold Realty Trust Inc. compare 9.03%
LINE Lineage, Inc. compare −3.15%
REXR Rexford Industrial Realty, Inc. compare −48.4%
Reit Industrial industry median 30.0%
Real Estate sector median 4.66%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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