TRNO - Terreno Realty Corp Stock Price, Fair Value and News

54.45USD-0.45 (-0.82%)Market Closed

Market Summary

USD54.45-0.45

Market Closed

-0.82%

TRNO Stock Price

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TRNO RSI Chart

TRNO Valuation

Market Cap

5.3B

Price/Earnings (Trailing)

32.1

Price/Sales (Trailing)

15.77

Price/Free Cashflow

28.02

TRNO Price/Sales (Trailing)

TRNO Profitability

Return on Equity

4.76%

Return on Assets

3.7%

Free Cashflow Yield

3.57%

TRNO Fundamentals

TRNO Revenue

Revenue (TTM)

334.0M

Rev. Growth (Yr)

13.9%

Rev. Growth (Qtr)

-1.68%

TRNO Earnings

Earnings (TTM)

164.0M

Earnings Growth (Yr)

53.89%

Earnings Growth (Qtr)

-37.62%

Breaking Down TRNO Revenue

Last 7 days

0.3%

Last 30 days

-15.6%

Last 90 days

-14.2%

Trailing 12 Months

-12.1%

How does TRNO drawdown profile look like?

TRNO Financial Health

TRNO Investor Care

Dividend Yield

3.21%

Dividend/Share (TTM)

1.75

Shares Dilution (1Y)

16.15%

Diluted EPS (TTM)

1.92

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	334.0M	0	0	0
2023	286.8M	301.0M	313.1M	323.6M
2022	235.3M	247.3M	260.9M	276.2M
2021	192.5M	200.0M	210.1M	221.9M
2020	175.3M	179.3M	183.0M	186.9M
2019	155.4M	159.9M	165.4M	171.0M
2018	138.2M	142.6M	146.9M	151.7M
2017	114.2M	121.2M	127.7M	132.5M
2016	98.4M	100.0M	102.8M	108.4M
2015	76.2M	83.8M	90.4M	95.9M
2014	51.3M	57.1M	63.3M	68.9M
2013	33.6M	37.6M	40.5M	45.5M
2012	18.8M	22.2M	26.4M	29.3M
2011	6.6M	9.6M	13.4M	16.0M
2010	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Terreno Realty Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 16, 2024	weston melinda	sold (taxes)	-94,300	62.7	-1,504	chief accounting officer
Feb 06, 2024	weston melinda	acquired	-	-	3,283	chief accounting officer
Dec 14, 2023	weston melinda	sold	-93,090	62.06	-1,500	chief accounting officer
Dec 08, 2023	carlson leroy e	sold	-293,850	58.77	-5,000	-
Aug 04, 2023	coke michael a	sold	-596,000	59.6	-10,000	president
Aug 01, 2023	meyer john tull	acquired	-	-	11,046	evp
Aug 01, 2023	cannon jaime jackson	acquired	-	-	11,046	cfo
Aug 01, 2023	baird w blake	sold (taxes)	-310,728	58.85	-5,280	chairman and ceo
Aug 01, 2023	baird w blake	acquired	-	-	25,489	chairman and ceo
Aug 01, 2023	coke michael a	acquired	-	-	25,489	president

Which funds bought or sold TRNO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	M&T Bank Corp	added	1.99	111,884	1,501,550	-%
May 07, 2024	Arizona State Retirement System	added	0.04	88,092	1,558,140	0.01%
May 07, 2024	SEI INVESTMENTS CO	added	33.25	7,359,430	25,228,100	0.04%
May 07, 2024	Cornerstone Planning Group LLC	unchanged	-	-163	1,153	-%
May 07, 2024	LINCLUDEN MANAGEMENT LTD	reduced	-30.77	-687,000	1,891,000	0.22%
May 07, 2024	CVI Holdings, LLC	new	-	996,000	996,000	0.94%
May 07, 2024	OPPENHEIMER ASSET MANAGEMENT INC.	reduced	-12.81	-54,616	662,141	0.01%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	added	13.63	985,000	5,814,000	0.01%
May 07, 2024	Capital Square, LLC	reduced	-0.85	56,341	1,173,090	0.83%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	22.67	2,735,050	11,860,300	-%

Are Funds Buying or Selling TRNO?

Are funds buying TRNO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TRNO

No. of Funds

Unveiling Terreno Realty Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	t. rowe price investment management, inc.	5.1%	4,312,111	SC 13G
Feb 13, 2024	principal real estate investors llc	4.13%	3,526,382	SC 13G/A
Feb 13, 2024	vanguard group inc	14.13%	12,061,890	SC 13G/A
Feb 09, 2024	invesco ltd.	6.4%	5,475,342	SC 13G
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 24, 2024	blackrock inc.	10.2%	8,671,273	SC 13G/A
Feb 15, 2023	principal real estate investors llc	5.26%	3,998,381	SC 13G/A
Feb 14, 2023	t. rowe price investment management, inc.	5.7%	4,323,645	SC 13G
Feb 14, 2023	price t rowe associates inc /md/	3.7%	2,836,013	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G

Recent SEC filings of Terreno Realty Corp

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
Apr 29, 2024	8-K	Current Report
Mar 27, 2024	424B5	Prospectus Filed
Mar 27, 2024	8-K	Current Report
Mar 25, 2024	424B5	Prospectus Filed
Mar 22, 2024	ARS	ARS
Mar 22, 2024	DEF 14A	DEF 14A
Mar 22, 2024	DEFA14A	DEFA14A
Feb 21, 2024	4	Insider Trading
Feb 14, 2024	SC 13G	Major Ownership Report

Peers (Alternatives to Terreno Realty Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	84.8B	11.2B	-3.57%	-6.21%	42.94	7.56	3.63%	50.79%
CCI	42.3B	6.8B	-2.86%	-16.86%	30.32	6.17	-2.39%	-16.60%
AVB	27.7B	2.8B	4.65%	8.65%	29	9.87	5.72%	-6.47%
ARE	20.6B	3.0B	-6.82%	-2.61%	105.18	6.99	10.44%	-73.79%
AMH	13.3B	-	-1.07%	2.70%	31.37	8.17	8.93%	11.87%
REG	10.8B	1.4B	-0.91%	-0.39%	29	7.92	10.48%	-2.93%
BXP	9.4B	3.3B	-4.95%	17.89%	49.61	2.88	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.2B	1.08%	10.18%	35.54	7.36	5.48%	-38.69%
MAC	3.4B	884.1M	-2.40%	67.19%	-12.48	3.87	2.90%	-314.82%
SLG	3.3B	892.3M	-5.51%	137.34%	-6.45	3.7	-5.33%	-307.54%
SMALL-CAP
AAT	1.3B	444.1M	3.08%	17.14%	19.59	3.03	3.54%	8.91%
AIV	1.2B	198.2M	-0.48%	-2.94%	-7.52	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	-3.51%	3.98%	35.74	1.68	27.93%	140.31%
NYMT	550.1M	285.4M	-16.71%	-37.84%	-3.99	1.93	11.05%	83.70%
IVR	446.8M	277.2M	2.46%	-8.50%	-54.48	1.61	25.89%	94.64%

Terreno Realty Corp News

Latest updates

Terreno Realty Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-1.7%	85.00	86.00	83.00	80.00	75.00	76.00	71.00	65.00	64.00	61.00	57.00	53.00	51.00	49.00	47.00	46.00	45.00	45.00	43.00	42.00	41.00
Costs and Expenses	4.6%	52.00	50.00	48.00	47.00	46.00	46.00	42.00	39.00	39.00	37.00	35.00	32.00	31.00	31.00	30.00	29.00	29.00	30.00	27.00	28.00	27.00
S&GA Expenses	-100.0%	-	10.00	9.00	10.00	9.00	8.00	8.00	7.00	8.00	8.00	7.00	7.00	6.00	7.00	5.00	6.00	6.00	6.00	5.00	7.00	6.00
Interest Expenses	-8.2%	5.00	6.00	6.00	6.00	7.00	7.00	6.00	5.00	5.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00
Net Income	-37.6%	36.00	58.00	30.00	40.00	23.00	59.00	22.00	97.00	20.00	32.00	21.00	17.00	16.00	14.00	23.00	31.00	13.00	15.00	15.00	10.00	16.00
Net Income Margin	4.9%	0.49*	0.47*	0.49*	0.48*	0.70*	0.72*	0.66*	0.69*	0.39*	0.39*	0.33*	0.35*	-	-	-	-	-	-	-	-	-
Free Cashflow	20.5%	47.00	39.00	53.00	49.00	39.00	34.00	46.00	35.00	28.00	34.00	39.00	33.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	13.7%	4,439	3,905	3,739	3,637	3,578	3,164	3,109	3,029	2,920	2,924	2,472	2,254	2,172	2,140	2,137	2,135	2,086	2,108	2,045	1,968	1,860
Cash Equivalents	292.7%	650	165	96.00	59.00	11.00	26.00	10.00	7.00	106	204	69.00	40.00	29.00	107	155	148	70.00	110	55.00	117	60.00
Liabilities	0.4%	994	990	1,002	989	978	935	957	899	866	866	721	552	538	552	552	546	544	591	539	531	527
Shareholder's Equity	18.2%	3,445	2,915	2,737	2,648	2,600	2,230	2,152	2,130	2,054	2,058	1,750	1,702	1,634	1,588	1,584	1,589	1,543	1,517	1,506	1,436	1,333
Retained Earnings	-7.8%	88.00	96.00	77.00	85.00	78.00	88.00	60.00	68.00	-3.21	3.00	-3.84	-0.96	2.00	6.00	12.00	9.00	-2.84	3.00	6.00	9.00	15.00
Additional Paid-In Capital	18.9%	3,387	2,850	2,691	2,594	2,553	2,167	2,118	2,088	2,083	2,070	1,769	1,717	1,646	1,589	1,579	1,587	1,553	1,514	1,500	1,427	1,319
Shares Outstanding	10.0%	96.00	87.00	85.00	82.00	80.00	76.00	75.00	75.00	75.00	71.00	70.00	69.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	4,922	-	-	-	4,113	-	-	-	4,439	-	-	-	3,515	-	-	-	3,180	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	20.5%	47,039	39,051	53,263	48,562	38,801	34,191	45,792	35,194	28,033	33,767	39,217	33,069	26,155	23,682	31,995	23,215	22,158	26,197	24,546	24,168	19,777
Share Based Compensation	0.4%	3,356	3,343	3,280	3,805	3,038	2,653	2,679	2,010	2,829	2,547	2,360	2,677	1,970	3,473	1,858	2,316	2,179	2,492	1,992	3,660	2,500
Cashflow From Investing	46.5%	-48,583	-90,751	-73,146	-19,125	-387,366	-23,859	-94,746	-122,220	-96,837	-306,490	-176,534	-71,035	-112,379	-60,567	2,943	41,730	-36,194	-14,820	-143,605	-65,376	-27,681
Cashflow From Financing	321.2%	495,757	117,714	60,084	16,925	334,141	6,754	49,618	-12,165	-26,473	403,822	168,311	50,269	8,793	-11,293	-27,708	13,809	-28,673	43,947	56,310	98,992	35,805
Dividend Payments	1.6%	39,052	38,425	33,501	33,173	30,753	30,427	25,686	25,680	25,618	24,239	20,428	20,091	19,870	19,829	18,484	18,307	18,158	18,093	15,720	15,109	14,643
Buy Backs	12187.5%	983	8.00	773	105	627	34.00	518	-	493	-	-	-	582	-	9,597	-	240	-349	698	-	3,959

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TRNO Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES
Rental revenues and tenant expense reimbursements	$ 323,590	$ 276,212	$ 221,930
Total revenues	323,590	276,212	221,930
COSTS AND EXPENSES
Property operating expenses	79,085	68,903	56,248
Depreciation and amortization	73,219	65,763	50,687
General and administrative	37,935	31,192	26,964
Acquisition costs and other	218	1,465	172
Total costs and expenses	190,457	167,323	134,071
OTHER INCOME (EXPENSE)
Interest and other income	4,964	809	822
Interest expense, including amortization	(24,796)	(23,850)	(18,054)
Gain on sales of real estate investments	38,156	112,166	16,627
Total other income (expense)	18,324	89,125	(605)
Net income	151,457	198,014	87,254
Allocation to participating securities	(712)	(854)	(311)
Net income available to common stockholders - basic	150,745	197,160	$ 86,943
Net income available to common stockholders - diluted	$ 150,745	$ 197,160
EARNINGS PER COMMON SHARE - BASIC AND DILUTED:
Net income available to common stockholders - basic (in dollars per share)	$ 1.81	$ 2.61	$ 1.23
Net income available to common stockholders - diluted (in dollars per share)	$ 1.81	$ 2.61	$ 1.23
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	83,169,028	75,498,107	70,534,202
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares)	83,371,099	75,586,480	70,793,670

TRNO Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments in real estate
Land	$ 1,995,494	$ 1,850,860
Buildings and improvements	1,561,532	1,372,473
Construction in progress	343,485	51,896
Intangible assets	147,329	123,545
Total investments in properties	4,047,840	3,398,774
Accumulated depreciation and amortization	(384,480)	(323,631)
Net investments in properties	3,663,360	3,075,143
Cash and cash equivalents	165,400	26,393
Restricted cash	836	1,690
Other assets, net	75,081	61,215
Total assets	3,904,677	3,164,441
Liabilities
Credit facility	0	0
Term loans payable, net	199,145	198,993
Senior unsecured notes, net	572,418	571,825
Security deposits	32,934	27,454
Intangible liabilities, net	84,718	55,873
Dividends payable	39,052	30,753
Accounts payable and other liabilities	61,783	49,692
Total liabilities	990,050	934,590
Commitments and contingencies (Note 11)
Stockholders’ equity
Common stock: $0.01 par value, 400,000,000 shares authorized, and 87,487,098 and 76,463,482 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively.	876	765
Additional paid-in capital	2,849,961	2,167,276
Common stock held in deferred compensation plan, 508,663 and 417,665 shares at December 31, 2023 and December 31, 2022, respectively.	(31,788)	(26,462)
Retained earnings	95,578	88,272
Total stockholders’ equity	2,914,627	2,229,851
Total liabilities and equity	$ 3,904,677	$ 3,164,441

About Terreno Realty Corp

Terreno Realty Corporation (Ã‚â€œTerrenoÃ‚â€, and together with its subsidiaries, Ã‚â€œthe CompanyÃ‚â€) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. We invest in several types of industrial real estate, including warehouse/distribution (approximately 79.5% of our total annualized base rent as of December 31, 2021), flex (including light industrial and research and development, or R&D) (approximately 4.8%), transshipment (approximately 6.4%) and improved land (approximately 9.3%). We target functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which we operate. Infill locations are geographic locations surrounded by high concentrations of already developed land and existing buildings. As of December 31, 2021, we owned a total of 253 buildings aggregating approximately 15.1 million square feet, 36 improved land parcels consisting of approximately 127.1 acres and four properties under redevelopment that, upon completion, will consist of two properties aggregating approximately 0.2 million square feet and two improved land parcels aggregating approximately 12.1 acres. As of December 31, 2021, the buildings and improved land parcels were approximately 95.5% and 94.8% leased (including 0.4 million square feet of vacancy acquired during the fourth quarter of 2021), respectively, to 554 customers, the largest of which accounted for approximately 4.9% of our total annualized base rent.

CEO	Mr. W. Blake Baird
WEBSITE	terreno.com
INDUSTRY	REIT Mortgage
EMPLOYEES	40

Terreno Realty Corp Frequently Asked Questions

What is the ticker symbol for Terreno Realty Corp? What does TRNO stand for in stocks?

TRNO is the stock ticker symbol of Terreno Realty Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Terreno Realty Corp (TRNO)?

As of Wed May 08 2024, market cap of Terreno Realty Corp is 4.79 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TRNO stock?

You can check TRNO's fair value in chart for subscribers.

What is the fair value of TRNO stock?

You can check TRNO's fair value in chart for subscribers. The fair value of Terreno Realty Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Terreno Realty Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TRNO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Terreno Realty Corp a good stock to buy?

The fair value guage provides a quick view whether TRNO is over valued or under valued. Whether Terreno Realty Corp is cheap or expensive depends on the assumptions which impact Terreno Realty Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TRNO.

What is Terreno Realty Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, TRNO's PE ratio (Price to Earnings) is 31.64 and Price to Sales (PS) ratio is 14.81. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TRNO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Terreno Realty Corp's stock?

In the past 10 years, Terreno Realty Corp has provided 0.137 (multiply by 100 for percentage) rate of return.