Is TRNO a good stock to buy right now?

Based on our 6-factor quantitative model, Terreno Realty Corp (TRNO) receives a "Reduce" rating with a composite score of 35.5/100. It is ranked #2,504 out of 4,446 stocks. Key factor scores: Quality 25/100, Value 41/100, Momentum 45/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for TRNO?

Terreno Realty Corp (TRNO) has a "Reduce" rating and 2-star score. The composite score of 35.5 ranks it #2,504 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is TRNO in?

Terreno Realty Corp operates in the Real Estate sector (Real Estate industry) with a market cap of $6.56 billion. It is classified as a mid-cap stock.

Does TRNO pay a dividend?

Yes, TRNO pays a dividend with a current yield of 3.51%. For every $1,000 invested, you would receive approximately $35.10 in annual dividend income.

What is TRNO's P/E ratio?

TRNO has a trailing P/E ratio of 16.57x. The Real Estate sector average is 32.3x. This P/E is in a moderate range relative to the broader market.

How profitable is TRNO?

TRNO's quality factor score is 25/100. Gross margin: 0.0%. ROE: 9.7% vs sector average 1.5%. Margins are moderate to low, reflecting competitive market dynamics.

How is TRNO valued compared to peers?

TRNO's value factor score is 41/100 (higher = cheaper). Key multiples: P/E 16.6x, EV/EBITDA 16.6x. Valuation is roughly in line with peers.

What is TRNO's debt level?

TRNO's debt-to-equity ratio is 23%. Sector average: 60%. Low leverage suggests conservative financial management.

TRNO has a beta of 0.81, meaning it tracks the market. Stability score: 81/100.

Does TRNO have high short interest?

TRNO's short interest factor score is 4/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

TRNO Stock Analysis: Top Mid-Cap Reduce (Score 35.5/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
TRNO	+0.08%	+5.13%	+3.37%	+11.29%	+21.09%	-	-	-
Industry Proxy XLRE	+0.21%	+2.91%	-0.23%	+6.12%	+11.57%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	+0.14%	+1.53%	+3.03%	+11.65%	-8.43%	-	-	-
Alpha vs Sector	-0.13%	+2.22%	+3.60%	+5.17%	+9.52%	-	-	-

Metric	TRNO	Benchmark
P/E Ratio	16.6x	-49%
EV/EBITDA	16.6x	+93%
Price / Book	1.6x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
JLL JONES LANG LASALLE INC	56	67	68	48	27.4x	7.1%	0.0%	2.2%	15.7%	134.0x	$14.3B	VS
GTY GETTY REALTY CORP /MD/	53	63	60	53	29.4x	6.3%	0.0%	31.6%	11.3%	93.0x	$1.9B	VS
UE Urban Edge Properties	52	59	62	48	27.6x	6.8%	85.0%	20.4%	12.8%	141.0x	$2.5B	VS
CURB Curbline Properties Corp.	51	59	46	53	193.6x	0.8%	100.0%	5.0%	63.4%	22.0x	$2.7B	VS
FPH Five Point Holdings, LLC	50	70	41	35	2.6x	5.9%	47.0%	265.2%	-73.7%	37.0x	$347M	VS
AXR AMREP CORP.	49	64	48	56	14.6x	7.0%	-	17.5%	22.4%	0.0x	$149M	VS
KW Kennedy-Wilson Holdings, Inc.	48	41	53	58	-	-6.4%	44.0%	-20.0%	-11.8%	321.0x	$1.5B	VS
TRC TEJON RANCH CO	46	55	34	54	319.5x	-0.7%	28.1%	-10.4%	110.4%	29.0x	$511M	VS
INTG INTERGROUP CORP	40	10	42	75	48.3x	-	-	-2.6%	16.3%	-170.0x	$78M	VS
STRS STRATUS PROPERTIES INC	37	10	55	67	20.4x	-4.5%	-24.1%	-67.8%	-41.5%	62.0x	$241M	VS
TRNO Terreno Realty Corp	36	25	41	45	16.6x	9.7%	0.0%	70.5%	139.2%	23.0x	$6.6B

Key Ratio	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.0%	-	-	-	-	-	0.0%	0.0%	0.0%	0.0%	0.0%
Operating Margin %	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	1.0%	1.0%	1.0%	1.0%	1.0%
EBITDA Margin %	0.7%	0.7%	0.6%	0.6%	0.6%	0.6%	0.6%	0.6%	0.6%	0.6%	0.5%
Net Margin %	0.7%	0.8%	0.5%	0.5%	0.7%	0.4%	0.4%	0.3%	0.4%	0.4%	0.1%
FCF Margin %	-77.2%	-	-	-	-	-	28.2%	19.9%	25.1%	31.7%	6.2%
ROE %	0.1%	0.1%	0.1%	0.1%	0.1%	0.0%	0.1%	0.0%	0.1%	0.1%	0.0%
ROA %	0.1%	0.1%	0.0%	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
ROIC %	0.1%	0.1%	2.6%	2.9%	2.9%	2.5%	8.7%	7.1%	7.1%	7.2%	7.1%

Key Ratio

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.0%

Operating Margin %

0.4%

1.0%

EBITDA Margin %

0.7%

0.6%

0.5%

Net Margin %

0.7%

0.8%

0.5%

0.7%

0.4%

0.3%

0.4%

0.1%

FCF Margin %

-77.2%

28.2%

19.9%

25.1%

31.7%

6.2%

ROE %

0.1%

0.0%

0.1%

0.0%

0.1%

0.0%

ROA %

0.1%

0.0%

0.1%

0.0%

ROIC %

0.1%

2.6%

2.9%

2.5%

8.7%

7.1%

7.2%

7.1%

Line Item	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$577M	$476M	$383M	$324M	$276M	$222M	$215M	$175M	$155M	$133M	$108M	$96M
	—	—	—	—	—	—	$873K	$4M	$4M	$169K	$24K	$18K
Gross Margin	0.0%	---	---	---	---	---	0.4%	2.2%	2.4%	0.1%	0.0%	0.0%
	—	$122M	$94M	$73M	$66M	$51M	$42M	$40M	$38M	$37M	$34M	$34M
Amortization	—	-$26M	—	—	—	—	—	—	—	—	—	—
Total Operating Expenses	—	$284M	$235M	$190M	$167M	$134M	—	—	—	—	—	—
	$135M	$192M	$148M	$133M	$109M	$88M	$214M	$171M	$152M	$132M	$108M	$96M
EBIT	$135M	$403M	$148M	$133M	$109M	$88M	$214M	$171M	$152M	$132M	$108M	$96M
EBITDA	$402M	$314M	$242M	$206M	$175M	$139M	$138M	$112M	$91M	$76M	$55M	$48M
Operating Margin	39.7%	40.3%	38.7%	41.1%	39.4%	39.6%	99.6%	97.8%	97.6%	99.9%	100.0%	100.0%
EBITDA Margin	69.7%	72.6%	63.2%	63.8%	63.2%	62.4%	64.1%	64.3%	58.6%	57.4%	50.6%	50.2%
	—	—	—	$25M	$24M	$18M	$0	$0	$0	$0	$0	$0
	—	$192M	$148M	$133M	$109M	$88M	—	—	—	—	—	—
	$403M	$403M	$184M	$151M	$198M	$87M	$80M	$56M	$63M	$53M	$15M	$15M
Net Margin	70.5%	84.6%	48.2%	46.8%	71.7%	39.3%	37.2%	30.1%	40.8%	40.0%	14.0%	15.2%
	$1.54	$3.92	$1.92	$1.81	$2.61	$1.23	$1.17	$0.86	$1.09	$0.95	$0.26	$0.26
Diluted EPS	$1.54	$3.91	$1.92	$1.81	$2.61	$1.23	$1.17	$0.86	$1.09	$0.95	$0.26	$0.26
Weighted Avg Basic	—	102M	96M	83M	75M	71M	—	—	—	—	—	—
Weighted Avg Diluted	—	103M	96M	83M	76M	71M	—	—	—	—	—	—

Line Item

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$577M

$476M

$383M

$324M

$276M

$222M

$215M

$175M

$155M

$133M

$108M

$96M

—

$873K

$4M

$169K

$24K

$18K

Gross Margin

0.0%

---

0.4%

2.2%

2.4%

0.1%

0.0%

—

$122M

$94M

$73M

$66M

$51M

$42M

$40M

$38M

$37M

$34M

Amortization

—

-$26M

—

Total Operating Expenses

—

$284M

$235M

$190M

$167M

$134M

—

$135M

$192M

$148M

$133M

$109M

$88M

$214M

$171M

$152M

$132M

$108M

$96M

EBIT

$135M

$403M

$148M

$133M

$109M

$88M

$214M

$171M

$152M

$132M

$108M

$96M

EBITDA

$402M

$314M

$242M

$206M

$175M

$139M

$138M

$112M

$91M

$76M

$55M

$48M

Operating Margin

39.7%

40.3%

38.7%

41.1%

39.4%

39.6%

99.6%

97.8%

97.6%

99.9%

100.0%

EBITDA Margin

69.7%

72.6%

63.2%

63.8%

63.2%

62.4%

64.1%

64.3%

58.6%

57.4%

50.6%

50.2%

—

$25M

$24M

$18M

—

$192M

$148M

$133M

$109M

$88M

—

$403M

$184M

$151M

$198M

$87M

$80M

$56M

$63M

$53M

$15M

Net Margin

70.5%

84.6%

48.2%

46.8%

71.7%

39.3%

37.2%

30.1%

40.8%

40.0%

14.0%

15.2%

$1.54

$3.92

$1.92

$1.81

$2.61

$1.23

$1.17

$0.86

$1.09

$0.95

$0.26

Diluted EPS

$1.54

$3.91

$1.92

$1.81

$2.61

$1.23

$1.17

$0.86

$1.09

$0.95

$0.26

Weighted Avg Basic

—

102M

96M

83M

75M

71M

—

Weighted Avg Diluted

—

103M

96M

83M

76M

71M

—

Terreno Realty Corp (TRNO) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does Terreno Realty Corp Do?

Terreno Realty Corporation and together with its subsidiaries, the Company) 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. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited. As of September 30, 2020, the Company owned 219 buildings aggregating approximately 13.1 million square feet, 22 improved land parcels consisting of approximately 85.0 acres and one property under redevelopment expected to contain approximately 0.2 million square feet upon completion. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010. Terreno Realty Corp (TRNO) is classified as a mid-cap stock in the Real Estate sector. The company is led by CEO W. Blake Baird and employs approximately 40 people, headquartered in SAN FRANCISCO, California. With a market capitalization of $6.6B, TRNO is one of the notable companies in the Real Estate sector.

Terreno Realty Corp (TRNO) Stock Rating — Reduce (April 2026)

As of April 2026, Terreno Realty Corp receives a Reduce rating with a composite score of 35.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.TRNO ranks #2,504 out of 4,446 stocks in our coverage universe. Within the Real Estate sector, Terreno Realty Corp ranks #30 of 57 stocks, placing it in the lower half of its Real Estate peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

TRNO Stock Price and 52-Week Range

Terreno Realty Corp (TRNO) currently trades at $65.34. The stock gained $0.05 (0.1%) in the most recent trading session. The 52-week high for TRNO is $66.74, which means the stock is currently trading -2.1% from its annual peak. The 52-week low is $48.18, putting the stock 35.6% above its annual trough. Recent trading volume was 575K shares, suggesting relatively thin trading activity.

Is TRNO Overvalued or Undervalued? — Valuation Analysis

Terreno Realty Corp (TRNO) carries a value factor score of 41/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 16.57x, compared to the Real Estate sector average of 32.31x — a discount of 49%. The price-to-book ratio stands at 1.57x, versus the sector average of 1.18x. The price-to-sales ratio is 11.57x, compared to 0.80x for the average Real Estate stock. On an enterprise value basis, TRNO trades at 16.60x EV/EBITDA, versus 8.62x for the sector.

Overall, TRNO's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

Terreno Realty Corp Profitability — ROE, Margins, and Quality Score

Terreno Realty Corp (TRNO) earns a quality factor score of 25/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 9.7%, compared to the Real Estate sector average of 1.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 7.5% versus the sector average of 0.8%.

On a margin basis, Terreno Realty Corp reports gross margins of 0.0%, compared to 26.0% for the sector. The operating margin is 39.7% (sector: 3.7%). Net profit margin stands at 70.5%, versus 1.8% for the average Real Estate stock. Revenue growth is running at 139.2% on a trailing basis, compared to 6.1% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

TRNO Debt, Balance Sheet, and Financial Health

Terreno Realty Corp has a debt-to-equity ratio of 23.0%, compared to the Real Estate sector average of 60.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $943M. Cash and equivalents stand at $25M.

TRNO has a beta of 0.81, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Terreno Realty Corp is 81/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.

Terreno Realty Corp Revenue and Earnings History — Quarterly Trend

In TTM 2026, Terreno Realty Corp reported revenue of $577M and earnings per share (EPS) of $1.54. Net income for the quarter was $403M. Gross margin was 0.0%. Operating income came in at $135M.

In Q4 2025, Terreno Realty Corp reported revenue of $238M. Net income for the quarter was $158M.

In FY 2025, Terreno Realty Corp reported revenue of $476M and earnings per share (EPS) of $3.92. Net income for the quarter was $403M. Operating income came in at $192M.

In Q3 2025, Terreno Realty Corp reported revenue of $116M and earnings per share (EPS) of $1.00. Net income for the quarter was $103M. Operating income came in at $48M.

Over the past 8 quarters, Terreno Realty Corp has demonstrated a growth trajectory, with revenue expanding from $515M to $577M. Investors analyzing TRNO stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

TRNO Dividend Yield and Income Analysis

Terreno Realty Corp (TRNO) currently pays a dividend yield of 3.5%. At this yield, a $10,000 investment in TRNO stock would generate approximately $$351.00 in annual dividend income. With a net margin of 70.5%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.

TRNO Momentum and Technical Analysis Profile

Terreno Realty Corp (TRNO) has a momentum factor score of 45/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 4/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

TRNO vs Competitors — Real Estate Sector Ranking and Peer Comparison

Within the Real Estate sector, Terreno Realty Corp (TRNO) ranks #30 out of 57 stocks based on the Blank Capital composite score. This places TRNO in the lower half of all Real Estate stocks in our coverage universe. Key competitors and sector peers include Urban Edge Properties (UE) with a score of 51.9/100, Kennedy-Wilson Holdings, Inc. (KW) with a score of 48.0/100, AMREP CORP. (AXR) with a score of 49.0/100, GETTY REALTY CORP /MD/ (GTY) with a score of 53.1/100, and Curbline Properties Corp. (CURB) with a score of 50.5/100.

Comparing TRNO against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full TRNO vs S&P 500 (SPY) comparison to assess how Terreno Realty Corp stacks up against the broader market across all factor dimensions.

TRNO Next Earnings Date

No upcoming earnings date has been announced for Terreno Realty Corp (TRNO) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy TRNO? — Investment Thesis Summary

The quantitative profile for Terreno Realty Corp suggests caution. The quality score of 25/100 flags below-average profitability. Low volatility (stability score 81/100) reduces downside risk.

In summary, Terreno Realty Corp (TRNO) earns a Reduce rating with a composite score of 35.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on TRNO stock.

Related Resources for TRNO Investors

Explore more research and tools: TRNO vs S&P 500 comparison, top Real Estate stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare TRNO head-to-head with peers: TRNO vs UE, TRNO vs KW, TRNO vs AXR.

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Terreno Realty stock price target maintained at $72 by KeyBanc

Terreno Realty's Q1 Update: Are Occupancy & Rent Trends Still Strong?

Terreno Realty Corp. Experiences Revision in Its Stock Evaluation Amid Market Dynamics

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Terreno Realty Expands Coastal Industrial Footprint As Valuation Near Fair Value

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Terreno Realty Corp (TRNO) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does Terreno Realty Corp Do?

Terreno Realty Corp (TRNO) Stock Rating — Reduce (April 2026)

TRNO Stock Price and 52-Week Range

Is TRNO Overvalued or Undervalued? — Valuation Analysis

Terreno Realty Corp Profitability — ROE, Margins, and Quality Score

TRNO Debt, Balance Sheet, and Financial Health

Terreno Realty Corp Revenue and Earnings History — Quarterly Trend

TRNO Dividend Yield and Income Analysis

TRNO Momentum and Technical Analysis Profile

TRNO vs Competitors — Real Estate Sector Ranking and Peer Comparison

TRNO Next Earnings Date

Should You Buy TRNO? — Investment Thesis Summary

Related Resources for TRNO Investors

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Terreno Realty stock price target maintained at $72 by KeyBanc

Terreno Realty's Q1 Update: Are Occupancy & Rent Trends Still Strong?

Terreno Realty Corp. Experiences Revision in Its Stock Evaluation Amid Market Dynamics

TRNO|Terreno Realty Corp|Price:62.150|Chg%:0.39

Terreno Realty Expands Coastal Industrial Footprint As Valuation Near Fair Value