TRNO- Terreno Realty Corporation
Real Estate · REIT - Industrial
Price & Performance
Performance
Analysis & Verdict
Analyst Ratings
BuyWall Street consensus from 17 analysts
12-Month Price Target
$74.12
Based on analyst estimates; price targets are opinions, not guarantees.
Fair Value Estimates
Current price: $65.14
Graham Number
√(22.5 × EPS × Book Value)
$58.68
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
6/10
60% 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%
9.3%Return on equity - measures how efficiently capital is used
Positive profit margin
77.3%Net profit margin must be positive - company earns more than it spends
Revenue growth (annual)
+11.1%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×
21.40×Low financial leverage reduces risk of distress
Current ratio above 1
0.62×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$55M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
3.49%Stock must distribute income to shareholders
Financials
Revenue & Results
Key Statistics
Earnings
Next Earnings
Nov 4, 2026
50
days
EPS (TTM)
$3.72
P/E (TTM)
17.5
Fwd P/E
36.9
SEC Filings & Reported Financials
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Insider Transactions
SEC Form 4 · officers, directors & 10% owners
Dividends & Income
Dividends
Current DY
3.49%
5Y Avg Annual
$1.6240
Last Payment
$0.5200
Ex-Date
06/26/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest06/26/2026 | 07/05/2026 | $0.5200 | 3.19% |
03/27/2026 | 04/05/2026 | $0.5200 | 3.19% |
12/15/2025 | 12/24/2025 | $0.5200 | 3.19% |
09/29/2025 | 10/08/2025 | $0.5200 | 3.19% |
06/27/2025 | 07/06/2025 | $0.4900 | 3.01% |
03/27/2025 | 04/05/2025 | $0.4900 | 3.01% |
12/13/2024 | 12/22/2024 | $0.4900 | 3.01% |
09/30/2024 | 10/09/2024 | $0.4900 | 3.01% |
Magic Number
Shares needed to self-fund your next purchase
$65.14
Price
$0.5200
Last div. (quarterly)
126
shares
Own 126 TRNO shares ($8,207.64) and each quarterly dividend pays for 1 new share - the snowball runs on its own.
Investment target
$8,207.64
New shares / year
+4 shares
Dividend Calculator
3.50% yieldEstimate TRNO dividend income at the current rate.
Per year
$350.02
Per month
$29.17
≈ 153.5 shares at $2.28/share a year. Estimate only - dividends can be cut or raised.
Tools & Simulators
TRNO vs Peers, Indexes & Commodities
?Click a card below to plot it on the chart
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Parameters
Final value
$426,404.61
Total invested
$130,000.00
Total interest
$296,404.61
Balance over time
Period breakdown
| Period | Balance | Invested | Interest |
|---|---|---|---|
| Start | $10,000.00 | $10,000.00 | $0.00 |
| Year 1 | $17,270.27 | $16,000.00 | $1,270.27 |
| Year 2 | $25,267.56 | $22,000.00 | $3,267.56 |
| Year 3 | $34,064.59 | $28,000.00 | $6,064.59 |
| Year 4 | $43,741.32 | $34,000.00 | $9,741.32 |
| Year 5 | $54,385.72 | $40,000.00 | $14,385.72 |
| Year 6 | $66,094.55 | $46,000.00 | $20,094.55 |
| Year 7 | $78,974.28 | $52,000.00 | $26,974.28 |
| Year 8 | $93,141.97 | $58,000.00 | $35,141.97 |
| Year 9 | $108,726.44 | $64,000.00 | $44,726.44 |
| Year 10 | $125,869.35 | $70,000.00 | $55,869.35 |
| Year 11 | $144,726.56 | $76,000.00 | $68,726.56 |
| Year 12 | $165,469.48 | $82,000.00 | $83,469.48 |
| Year 13 | $188,286.70 | $88,000.00 | $100,286.70 |
| Year 14 | $213,385.63 | $94,000.00 | $119,385.63 |
| Year 15 | $240,994.47 | $100,000.00 | $140,994.47 |
| Year 16 | $271,364.18 | $106,000.00 | $165,364.18 |
| Year 17 | $304,770.87 | $112,000.00 | $192,770.87 |
| Year 18 | $341,518.22 | $118,000.00 | $223,518.22 |
| Year 19 | $381,940.31 | $124,000.00 | $257,940.31 |
| Year 20 | $426,404.61 | $130,000.00 | $296,404.61 |
What is compound interest?
Compound interest means that the interest you earn in one period is added to your principal, so in the next period you earn interest on a larger base. This creates exponential growth: the longer your time horizon, the more dramatic the effect.
Which rate should I use?
The S&P 500 has historically returned ~10%/year before inflation over long periods - use this for an all-equity US index fund scenario. A balanced growth portfolio (stocks + bonds) is closer to 7%. High-yield savings accounts (HYSA) are currently paying around 4-5% with FDIC insurance and zero market risk. Bonds historically return ~4% annualized.
Formula used
FV = PV × (1+r)^n + PMT × ((1+r)^n − 1) / rwhere r is the monthly rate, n is the number of months, PV is the initial investment, and PMT is the monthly contribution. Annual rates are converted to monthly viar = (1 + annual%)^(1/12) − 1.
For educational purposes only. Not financial advice. Past returns do not guarantee future results.
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About Terreno Realty Corporation
Terreno Realty Corporation an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets. The firm announced today that it has executed new renewal leases totaling 233,000 square feet at Countyline Corporate Park Phase III in Hialeah, Florida. Countyline Corporate Park Buildings 26 and 28 total 422,000 square feet and are currently 100% leased to six tenants with 83,000 square feet expiring April 2027. To facilitate the new leases, Terreno Realty Corporation has executed an early termination effective July 31, 2026, with the tenant that was to expire April 2027. A provider of turbine engine disassembly, repair, logistics and storage services will relocate from 106,000 square feet in Building 28 expiring April 2030 to 83,000 square feet in Building 26. The lease will commence August 1, 2026, and expire March 2035. Terreno Realty Corporation has executed an early renewal and expansion lease with a global wholesale packaging provider in Building 28. The early renewal for 43,000 square feet will commence October 1, 2027, and expire January 2035. The expansion lease for 106,000 square feet is expected to commence November 1, 2026, and will expire in January 2035. After commencement of the new leases Countyline Corporate Park Buildings 26 and 28 will be 100% leased to five tenants. Terreno Realty Corporation 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. Terreno Realty Corporation was incorporated on 6th November 2009 and is based in Bellevue, United States.
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Terreno Realty Corporation (TRNO) stock trades at $65.14, down 0.20% on the day. With a market capitalization of $7.10 billion, TRNO is a mid-cap real estate stock. It trades at a price-to-earnings (P/E) ratio of 17.5, a forward P/E of 36.9 and earnings per share (EPS) of $3.72. Over the most recent period the company reported 11% year-over-year revenue growth and a net profit margin of 77.3%. Below you'll find TRNO's full fundamentals, fair-value estimates, dividend history, earnings and our buy, hold or avoid verdict for 2026.
TRNO - Frequently Asked Questions
Is Terreno Realty Corporation (TRNO) a good stock to buy in 2026?
Terreno Realty Corporation (TRNO) shows strengths such as revenue growth of 11% and a strong 77% net margin, while risks include high leverage (debt/equity of 21.4). Whether TRNO is a good buy in 2026 depends on your time horizon and risk tolerance - review the full bull case, bear case and fair-value estimates above. This is informational analysis, not financial advice.
What is TRNO's stock price today?
Terreno Realty Corporation (TRNO) trades at $65.14, down 0.20% on the session. Prices on this page update throughout the trading day.
Does TRNO pay a dividend?
Yes. Terreno Realty Corporation pays an annual dividend of $2.28 per share, a dividend yield of 3.49%. The most recent ex-dividend date was September 30, 2026. Its payout ratio is about 56% of earnings.
Is TRNO overvalued?
With a P/E ratio of 17.5×, TRNO trades at a roughly market-average valuation for the real estate sector. Its PEG ratio is 7.15. See the Fair Value Estimates section above for Graham Number and dividend-based price targets.
What is TRNO's market cap?
Terreno Realty Corporation (TRNO) has a market capitalization of $7.10 billion, classifying it as a mid-cap stock in the Real Estate sector.
Disclaimer: This page - including any buy/hold/avoid view, fair value or price estimate - is generated from market data for informational and educational purposes only and does not constitute financial, investment or trading advice. Data may be delayed or inaccurate. Always do your own research and consult a licensed financial advisor before making any investment decision.