Bluerock Homes Trust, Inc. (BHM) vs Terreno Realty Corporation (TRNO)
A side-by-side comparison of Bluerock Homes Trust, Inc. and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.
Total return — BHM vs TRNO
growth of $100 · dividends reinvested · last 4yBHM vs TRNO: by the numbers
- •TRNO is the larger company ($6.88B vs $34M market cap).
- •TRNO converts more revenue to profit (77.27% vs 2.92% net margin).
- •BHM grew revenue faster over the past five years (56.31% vs 20.25% CAGR).
- •BHM pays the higher dividend yield (5.97% vs 3.25%).
Metrics side by side
Valuation
| Metric | BHM | TRNO |
|---|---|---|
| P/E ratio | N/A | 17.41 |
| Forward P/E | N/A | 30.69 |
| PEG ratio | N/A | 0.49 |
| P/S ratio | 0.46 | 13.69 |
| P/B ratio | 0.12 | 1.55 |
| EV / EBITDA | 5.27 | 23.65 |
| FCF yield | N/A | 2.69% |
For REITs like Bluerock Homes Trust, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Terreno Realty Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | BHM | TRNO |
|---|---|---|
| Gross margin | -56.93% | 75.84% |
| Operating margin | -33.84% | 41.42% |
| Net margin | 2.92% | 77.27% |
| ROE | 0.79% | 8.77% |
| ROIC | 2.10% | 3.65% |
Dividends
| Metric | BHM | TRNO |
|---|---|---|
| Dividend yield | 5.97% | 3.25% |
| Payout ratio | N/A | 55.91% |
Bluerock Homes Trust, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Terreno Realty Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | BHM | TRNO |
|---|---|---|
| Revenue CAGR (5Y) | 56.31% | 20.25% |
| EPS CAGR (5Y) | N/A | 35.52% |
| FCF CAGR (5Y) | -4.47% | 18.95% |
| Total return CAGR (5Y) | N/A | 2.99% |
Frequently asked
- Which has grown faster, BHM or TRNO?
- Over the past five years, BHM grew revenue faster — BHM at a 56.31% CAGR versus TRNO at 20.25%.
- Does BHM or TRNO pay a bigger dividend?
- BHM yields 5.97% and TRNO yields 3.25% based on trailing dividends and the latest price.
- Is BHM or TRNO more profitable?
- TRNO runs the higher net margin — BHM at 2.92% versus TRNO at 77.27%.
Go deeper
Dig into the metrics
Bluerock Homes Trust & Terreno Realty appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.