TRNO
Terreno Realty Corporation
NYSE: TRNO · REAL ESTATE · REIT - INDUSTRIAL
$66.09
+1.68% today
Updated 2026-05-06
Market cap
$6.94B
P/E ratio
16.69
P/S ratio
14.56x
EPS (TTM)
$3.91
Dividend yield
3.10%
52W range
$52 – $68
Volume
0.6M
Terreno Realty Corporation (TRNO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.03M | $17.50M | $31.17M | $45.53M | $68.88M | $95.89M | $108.42M | $132.48M | $151.66M | $171.02M | $186.88M | $221.93M | $276.21M | $323.59M | $382.62M | $476.38M |
| Revenue growth (YoY) | — | +334.2% | +78.1% | +46.1% | +51.3% | +39.2% | +13.1% | +22.2% | +14.5% | +12.8% | +9.3% | +18.8% | +24.5% | +17.2% | +18.2% | +24.5% |
| Cost of revenue | $1.29M | $6.33M | $8.99M | $12.77M | $19.16M | $26.66M | $30.32M | $35.87M | $39.99M | $44.20M | $49.10M | $56.25M | $68.90M | $79.08M | $98.09M | $115.10M |
| Gross profit | $2.74M | $11.17M | $22.19M | $32.76M | $49.71M | $69.24M | $78.09M | $96.61M | $111.67M | $126.82M | $137.79M | $165.68M | $207.31M | $244.50M | $284.53M | $361.28M |
| Gross margin | 68.1% | 63.8% | 71.2% | 71.9% | 72.2% | 72.2% | 72.0% | 72.9% | 73.6% | 74.2% | 73.7% | 74.7% | 75.1% | 75.6% | 74.4% | 75.8% |
| R&D | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $4.12M | $5.41M | $6.40M | $8.42M | $9.50M | $14.85M | $19.32M | $19.68M | $21.50M | $23.92M | $23.49M | $26.96M | $31.19M | $37.94M | $42.59M | $47.27M |
| Operating income | $-4.87M | $-1.12M | $9.54M | $12.86M | $17.31M | $24.24M | $28.17M | $69.87M | $81.50M | $102.90M | $114.30M | $88.03M | $110.35M | $133.35M | $148.03M | $192.43M |
| Operating margin | -120.7% | -6.4% | 30.6% | 28.2% | 25.1% | 25.3% | 26.0% | 52.7% | 53.7% | 60.2% | 61.2% | 39.7% | 40.0% | 41.2% | 38.7% | 40.4% |
| EBITDA | $-1.09M | $1.68M | $14.77M | $21.15M | $36.48M | $60.27M | $62.57M | $107.74M | $122.32M | $98.22M | $108.88M | $156.00M | $287.63M | $249.47M | $299.33M | $557.43M |
| EBITDA margin | -27.0% | 9.6% | 47.4% | 46.4% | 53.0% | 62.8% | 57.7% | 81.3% | 80.7% | 57.4% | 58.3% | 70.3% | 104.1% | 77.1% | 78.2% | 117.0% |
| EBIT | $-2.64M | $-3.73M | $5.24M | $9.53M | $18.41M | $26.16M | $-24.60M | $14.31M | $19.89M | $58.88M | $68.42M | $105.31M | $221.86M | $176.25M | $205.42M | $435.85M |
| Interest expense | $524000.00 | $2.61M | $5.47M | $6.21M | $6.59M | $9.64M | $13.05M | $16.78M | $18.21M | $16.34M | $16.00M | $18.05M | $23.85M | $24.80M | $20.92M | $32.86M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-5.39M | $-3.73M | $4.07M | $6.64M | $10.72M | $14.60M | $15.12M | $53.09M | $63.29M | $55.52M | $79.80M | $87.25M | $198.01M | $151.46M | $184.50M | $402.99M |
| Net income growth (YoY) | — | +30.8% | +209.0% | +63.4% | +61.4% | +36.2% | +3.5% | +251.2% | +19.2% | -12.3% | +43.7% | +9.3% | +126.9% | -23.5% | +21.8% | +118.4% |
| Profit margin | -133.7% | -21.3% | 13.0% | 14.6% | 15.6% | 15.2% | 13.9% | 40.1% | 41.7% | 32.5% | 42.7% | 39.3% | 71.7% | 46.8% | 48.2% | 84.6% |