(TRNO) Terreno Realty - Ratings and Ratios
Industrial Buildings, Improved Land, Development Projects
Dividends
| Dividend Yield | 4.03% |
| Yield on Cost 5y | 5.13% |
| Yield CAGR 5y | 13.82% |
| Payout Consistency | 99.4% |
| Payout Ratio | 107.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 24.3% |
| Value at Risk 5%th | 38.1% |
| Relative Tail Risk | -4.85% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.05 |
| Alpha | -4.04 |
| CAGR/Max DD | 0.20 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.374 |
| Beta | 0.800 |
| Beta Downside | 0.851 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.27% |
| Mean DD | 9.57% |
| Median DD | 8.91% |
Description: TRNO Terreno Realty November 06, 2025
Terreno Realty Corporation (NYSE: TRNO) is an internally managed REIT that focuses on acquiring, owning, and operating industrial properties in six major U.S. coastal markets-New York City/Northern New Jersey, Los Angeles, Miami, the San Francisco Bay Area, Seattle, and Washington, D.C. As of June 30 2025, the portfolio comprises 297 buildings (including three multi-building sites and one improved land parcel for sale) covering roughly 18.9 million square feet, plus 47 improved land parcels (~150.6 acres), six development projects, and about 22.4 acres earmarked for future development.
Key operational metrics from recent quarterly filings show an occupancy rate near 95 % and an average lease term of 5.8 years, indicating strong tenant commitment amid continued e-commerce-driven demand for logistics space. The company’s weighted-average lease expiration profile is skewed toward 2027-2029, which aligns with a low-interest-rate environment that has historically supported REIT cap rates; however, recent Fed rate hikes introduce valuation uncertainty. Additionally, Terreno’s geographic concentration in high-growth coastal hubs positions it to benefit from supply-chain reshoring trends, though exposure to regional labor-cost inflation remains a risk factor.
If you want a data-rich, side-by-side comparison of Terreno’s valuation multiples and scenario analyses, a look at the ValueRay platform could provide the depth needed for a more informed investment thesis.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (320.9m TTM) > 0 and > 6% of Revenue (6% = 26.6m TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA 2.16pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -81.18% (prev 31.73%; Δ -112.9pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 252.9m <= Net Income 320.9m (YES >=105%, WARN >=100%) |
| Net Debt (996.7m) to EBITDA (458.7m) ratio: 2.17 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.14 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (103.1m) change vs 12m ago 5.38% (target <= -2.0% for YES) |
| Gross Margin 74.53% (prev 74.88%; Δ -0.35pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 8.94% (prev 7.99%; Δ 0.95pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 12.22 (EBITDA TTM 458.7m / Interest Expense TTM 28.6m) >= 6 (WARN >= 3) |
Altman Z'' 0.29
| (A) -0.07 = (Total Current Assets 57.2m - Total Current Liabilities 416.5m) / Total Assets 5.33b |
| (B) 0.03 = Retained Earnings (Balance) 185.0m / Total Assets 5.33b |
| (C) 0.07 = EBIT TTM 349.5m / Avg Total Assets 4.95b |
| (D) 0.14 = Book Value of Equity 186.1m / Total Liabilities 1.33b |
| Total Rating: 0.29 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 66.45
| 1. Piotroski 5.0pt |
| 2. FCF Yield 3.26% |
| 3. FCF Margin 53.57% |
| 4. Debt/Equity 0.26 |
| 5. Debt/Ebitda 2.17 |
| 6. ROIC - WACC (= -1.93)% |
| 7. RoE 8.28% |
| 8. Rev. Trend 99.40% |
| 9. EPS Trend -10.76% |
What is the price of TRNO shares?
Over the past week, the price has changed by -0.29%, over one month by +1.78%, over three months by +9.53% and over the past year by +2.51%.
Is TRNO a buy, sell or hold?
- Strong Buy: 3
- Buy: 4
- Hold: 10
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the TRNO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 65.9 | 5.9% |
| Analysts Target Price | 65.9 | 5.9% |
| ValueRay Target Price | 65.5 | 5.1% |
TRNO Fundamental Data Overview December 10, 2025
P/E Trailing = 19.2627
P/E Forward = 79.3651
P/S = 14.2065
P/B = 1.6033
P/EG = 7.7
Beta = 1.135
Revenue TTM = 442.6m USD
EBIT TTM = 349.5m USD
EBITDA TTM = 458.7m USD
Long Term Debt = 742.9m USD (from longTermDebt, last quarter)
Short Term Debt = 280.0m USD (from shortTermDebt, last quarter)
Debt = 1.02b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 996.7m USD (from netDebt column, last quarter)
Enterprise Value = 7.28b USD (6.29b + Debt 1.02b - CCE 26.2m)
Interest Coverage Ratio = 12.22 (Ebit TTM 349.5m / Interest Expense TTM 28.6m)
FCF Yield = 3.26% (FCF TTM 237.1m / Enterprise Value 7.28b)
FCF Margin = 53.57% (FCF TTM 237.1m / Revenue TTM 442.6m)
Net Margin = 72.50% (Net Income TTM 320.9m / Revenue TTM 442.6m)
Gross Margin = 74.53% ((Revenue TTM 442.6m - Cost of Revenue TTM 112.7m) / Revenue TTM)
Gross Margin QoQ = 75.71% (prev 75.13%)
Tobins Q-Ratio = 1.37 (Enterprise Value 7.28b / Total Assets 5.33b)
Interest Expense / Debt = 0.82% (Interest Expense 8.37m / Debt 1.02b)
Taxrate = 21.0% (US default 21%)
NOPAT = 276.1m (EBIT 349.5m * (1 - 21.00%))
Current Ratio = 0.14 (Total Current Assets 57.2m / Total Current Liabilities 416.5m)
Debt / Equity = 0.26 (Debt 1.02b / totalStockholderEquity, last quarter 4.00b)
Debt / EBITDA = 2.17 (Net Debt 996.7m / EBITDA 458.7m)
Debt / FCF = 4.20 (Net Debt 996.7m / FCF TTM 237.1m)
Total Stockholder Equity = 3.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.02% (Net Income 320.9m / Total Assets 5.33b)
RoE = 8.28% (Net Income TTM 320.9m / Total Stockholder Equity 3.87b)
RoCE = 7.57% (EBIT 349.5m / Capital Employed (Equity 3.87b + L.T.Debt 742.9m))
RoIC = 5.87% (NOPAT 276.1m / Invested Capital 4.71b)
WACC = 7.80% (E(6.29b)/V(7.31b) * Re(8.96%) + D(1.02b)/V(7.31b) * Rd(0.82%) * (1-Tc(0.21)))
Discount Rate = 8.96% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 8.58%
[DCF Debug] Terminal Value 78.52% ; FCFE base≈184.1m ; Y1≈227.1m ; Y5≈387.4m
Fair Price DCF = 53.97 (DCF Value 5.55b / Shares Outstanding 102.9m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -10.76 | EPS CAGR: -2.99% | SUE: 0.20 | # QB: 0
Revenue Correlation: 99.40 | Revenue CAGR: 18.93% | SUE: 0.75 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.36 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=1.53 | Chg30d=+0.013 | Revisions Net=+2 | Growth EPS=-47.9% | Growth Revenue=+10.1%
Additional Sources for TRNO Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle