Latest revenue
$124.4M
as of 2026-03-31
Latest net income
$69.4M
as of 2026-03-31
Net margin
55.8%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $7.02B
- Enterprise value
- $7.02B
- P/E (trailing)
- 17.4×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 3.1%
- 52-wk high
- $67.55
- 52-wk low
- $53.00
- Beta
- —
- Shares out
- 106.3M
5-year trend
What this company does
PART I Item 1. Business. Overview Terreno Realty Corporation (“Terreno”, and together with its subsidiaries, “we”, “us”, “our”, “our Company” or “the Company”) acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. We invest in several types of industrial real estate, including warehouse/distribution (approximately 80.5% of our total annualized base rent as of December 31, 2025), flex (including light industrial and research and development, or R&D) (approximately 3.4%), transshipment (approximately 6.0%) and improved land (approximately 10.1%). We…
AI summary unavailable — showing raw filing excerpt
Generated from TRNO's filing dated 2026-02-04
Key risks
Item 1A. Risk Factors. Set forth below are the risks that we believe are material to our investors and they should be carefully considered. If any of the following risks occur, our business, financial condition, results of operations and cash flows, our ability to satisfy our debt service obligations and our ability to pay distributions on, and the per share trading price of, our common stock could be adversely affected. These risks are not all of the risks we face and other factors not presently known to us or that we currently believe are immaterial may also affect our business if they occur. Investors should refer to the explanation of the qualifications and limitations on…
AI summary unavailable — showing raw filing excerpt
Generated from TRNO's filing dated 2026-02-04
Profitability
Net margin
84.6%
75.4%Return on equity
9.7%
92.9%Return on assets
7.5%
93.4%Leverage
Debt / equity
0.30×
1.0%Long-term debt / equity
0.11×
11.6%Debt / assets
23.0%
0.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $124.4M | +12.7% | $69.4M | +44.3% | 55.8% |
Q4 2025 2025-12-31 | $137.5M | +32.6% | $158.2M | +107.9% | 115.1% |
Q3 2025 2025-09-30 | $116.2M | +16.7% | $103.4M | +182.1% | 88.9% |
Q2 2025 2025-06-30 | $112.2M | +19.1% | $93.3M | +161.3% | 83.1% |
Q1 2025 2025-03-31 | $110.4M | +29.9% | $48.1M | +33.5% | 43.6% |
Q4 2024 2024-12-31 | $103.7M | — | $76.1M | — | 73.4% |
Q3 2024 2024-09-30 | $99.6M | +20.2% | $36.6M | +20.9% | 36.8% |
Q2 2024 2024-06-30 | $94.2M | +18.5% | $35.7M | -11.3% | 37.9% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Real Estate · SIC 6500
Your notes
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Insider activity
Insider buying
$0
Insider selling
$1.3M
Net activity
−$1.3M
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2026-02-09 | Jaime Jackson Cannon CFO | Sale | 7,000 | $65.99 | $461.9K | |
| 2025-11-07 | John Tull Meyer EVP | Sale | 4,758 | $59.95 | $285.2K | |
| 2025-08-14 | Michael A Coke President | Sale | 10,000 | $53.96 | $539.6K |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns TRNO
Institutional value
$3.39B
Total shares held
57.8M
Distinct holders
232
-129 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 17.8M | $1.09B | +10.0K (+0.1%) | Added |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 10.3M | $633.7M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 4.6M | $284.9M | — | New |
| 4 | PRINCIPAL FINANCIAL GROUP INC | 4.2M | $257.3M | +3.0M (+246.6%) | Added |
| 5 | DIMENSIONAL FUND ADVISORS LP | 1.6M | $97.3M | +37.0K (+2.4%) | Added |
| 6 | Invesco Ltd. | 1.5M | $92.1M | -397 (-0.0%) | Trimmed |
| 7 | JPMORGAN CHASE & CO | 1.2M | $75.0M | -153.5K (-11.0%) | Trimmed |
| 8 | Copeland Capital Management, LLC | 969.8K | $59.6M | -17.6K (-1.8%) | Trimmed |
| 9 | Legal & General Group Plc | 919.8K | $56.5M | -116.3K (-11.2%) | Trimmed |
| 10 | Bank of New York Mellon Corp | 781.4K | $48.0M | -53.2K (-6.4%) | Trimmed |
| 11 | VANGUARD FIDUCIARY TRUST CO | 674.3K | $41.4M | — | New |
| 12 | CONGRESS ASSET MANAGEMENT CO | 615.8K | $37.8M | +49.3K (+8.7%) | Added |
| 13 | DAVIDSON INVESTMENT ADVISORS | 552.4K | $34.4M | +275.3K (+99.3%) | Added |
| 14 | Boston Trust Walden Corp | 391.7K | $24.1M | -56.2K (-12.6%) | Trimmed |
| 15 | Allspring Global Investments Holdings, LLC | 382.3K | $23.6M | -21.1K (-5.2%) | Trimmed |
| 16 | Public Sector Pension Investment Board | 372.7K | $22.9M | +14.8K (+4.1%) | Added |
| 17 | STIFEL FINANCIAL CORP | 329.0K | $20.2M | +6.3K (+2.0%) | Added |
| 18 | HSBC HOLDINGS PLC | 323.0K | $19.8M | -211.8K (-39.6%) | Trimmed |
| 19 | RHUMBLINE ADVISERS | 312.2K | $19.2M | +5.1K (+1.7%) | Added |
| 20 | ENVESTNET ASSET MANAGEMENT INC | 285.8K | $17.6M | +31.7K (+12.5%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once TRNO's latest filing finishes processing.