TRNO
Real Estate · REIT - Industrial
Performance
TRNO (TRNO) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
TRNO (TRNO) operates in the REIT - Industrial space within the Real Estate sector. With a market cap of $7.1B, it qualifies as a small-cap company. The company is growing revenue strongly while maintaining healthy profitability — a combination that investors typically reward with a premium valuation.
- Revenue growth of 13% YoY shows solid business momentum
- Earnings grew 40% YoY — bottom-line is expanding fast
- Exceptional profit margin of 86.5% — the business retains a large share of each dollar earned
- Dividend yield of 3.12% provides consistent income on top of price appreciation
- High debt-to-equity of 22.00× increases financial risk, especially with elevated interest rates
- Current ratio below 1 (0.93×) — short-term liabilities exceed current assets
- Price is near its 52-week high — limited near-term upside, higher pullback risk
Verdict
Buy / Hold
More positives than negatives. Fundamentals support holding while monitoring key risks.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Related Articles
Revenue & Results
Dividends
Current DY
3.12%
5Y Avg Annual
$1.5200
Last Payment
$0.5200
Ex-Date
03/27/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest03/27/2026 | 04/10/2026 | $0.5200 | 3.12% |
12/15/2025 | 12/29/2025 | $0.5200 | 3.12% |
09/29/2025 | 10/13/2025 | $0.5200 | 3.12% |
06/27/2025 | 07/11/2025 | $0.4900 | 2.94% |
03/27/2025 | 04/10/2025 | $0.4900 | 2.94% |
12/13/2024 | 12/27/2024 | $0.4900 | 2.94% |
09/30/2024 | 10/14/2024 | $0.4900 | 2.94% |
06/28/2024 | 07/12/2024 | $0.4500 | 2.70% |
Magic Number
Shares needed to self-fund your next purchase
$66.77
Price
$0.5200
Last div. (quarterly)
129
shares
Own 129 TRNO shares ($8,613.33) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$8,613.33
New shares / year
+4 shares
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
Earnings
Next Earnings
Aug 5, 2026
50
days
EPS (TTM)
$4.10
P/E (TTM)
16.3
Fwd P/E
38.7
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Key Statistics
Valuation
Trading
Dividends
Profitability
Balance Sheet
Fair Value Estimates
Current price: $66.77
Graham Number
√(22.5 × EPS × Book Value)
$60.77
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$27.80
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
8/10
80% score
Pays dividends
15Y hist.15+ years of dividend history
Dividend consistency (5Y+)
15 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
10.4%Return on equity — measures how efficiently capital is used
Positive profit margin
86.5%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
+12.7%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
+40.2%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
22.00×Low financial leverage reduces risk of distress
Current ratio above 1
0.93×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$44M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
3.12%Stock must distribute income to shareholders
Related Assets
Real Estate
About TRNO
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets. It includes New York City, Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, 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, 2025, the Company owned 307 buildings (including one property consisting of two buildings held for sale) aggregating approximately 20.2 million square feet, 44 improved land parcels consisting of approximately 146.4 acres, six properties under development or redevelopment and approximately 10.7 acres of land for future development. 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, commencing with its taxable year ended December 31, 2010. Terreno Realty Corporation was incorporated on 6th November 2009 and is based in Bellevue, United States.