BlackRock Multi-Sector Income Trust (BIT) vs Terreno Realty Corporation (TRNO)
A side-by-side comparison of BlackRock Multi-Sector Income Trust and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
Total return — BIT vs TRNO
growth of $100 · dividends reinvested · last 10yBIT vs TRNO: by the numbers
- •TRNO is the larger company ($6.94B vs $669M market cap).
- •BIT converts more revenue to profit (87.98% vs 77.27% net margin).
- •TRNO grew revenue faster over the past five years (20.25% vs -4.25% CAGR).
- •BIT pays the higher dividend yield (12.61% vs 3.19%).
Metrics side by side
Valuation
| Metric | BIT | TRNO |
|---|---|---|
| P/E ratio | N/A | 17.55 |
| Forward P/E | N/A | 30.93 |
| P/S ratio | N/A | 13.80 |
| P/B ratio | 0.88 | 1.57 |
| EV / EBITDA | N/A | 23.82 |
| FCF yield | N/A | 2.67% |
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 | BIT | TRNO |
|---|---|---|
| Gross margin | 87.06% | 75.84% |
| Operating margin | 108.91% | 41.42% |
| Net margin | 87.98% | 77.27% |
| ROE | 6.96% | 8.77% |
| ROIC | N/A | 3.65% |
Dividends
| Metric | BIT | TRNO |
|---|---|---|
| Dividend yield | 12.61% | 3.19% |
| Payout ratio | N/A | 55.91% |
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 | BIT | TRNO |
|---|---|---|
| Revenue CAGR (5Y) | -4.25% | 20.25% |
| EPS CAGR (5Y) | -10.31% | 35.52% |
| FCF CAGR (5Y) | N/A | 18.95% |
| Total return CAGR (5Y) | 0.60% | 2.24% |
Frequently asked
- Which has grown faster, BIT or TRNO?
- Over the past five years, TRNO grew revenue faster — BIT at a -4.25% CAGR versus TRNO at 20.25%.
- Does BIT or TRNO pay a bigger dividend?
- BIT yields 12.61% and TRNO yields 3.19% based on trailing dividends and the latest price.
- Is BIT or TRNO more profitable?
- BIT runs the higher net margin — BIT at 87.98% versus TRNO at 77.27%.
- How have BIT and TRNO total returns compared?
- Over the past 10 years, BIT delivered 6.04% and TRNO delivered 12.30% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
BlackRock Multi-Sector Income & 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 September 10, 2026.