Nuveen Minnesota Quality Municipal Income Fund (NMS) vs Terreno Realty Corporation (TRNO)
A side-by-side comparison of Nuveen Minnesota Quality Municipal Income Fund and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
Different business models: NMS is classified in Financial Services; TRNO is classified in Real Estate. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
NMS
Nuveen Minnesota Quality Municipal Income Fund
$12.08Financial ServicesDelayed quote: Jul 28, 2026, 4:00 PM EDT
TRNO
Terreno Realty Corporation
$72.99Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — NMS vs TRNO
growth of $100 · dividends reinvested · last 12yNMS +45.7%TRNO +423.7%TRNO compounded faster
NMS TRNO
NMS vs TRNO: by the numbers
- •TRNO is the larger company ($7.76B vs $77M market cap).
- •NMS trades at the lower trailing earnings multiple (11.31 vs 17.89 P/E), one valuation lens rather than an overall verdict.
- •NMS converts more revenue to profit (87.52% vs 86.52% net margin).
- •TRNO grew revenue faster over the past five years (20.57% vs 9.23% CAGR).
- •NMS pays the higher dividend yield (6.68% vs 2.85%).
Metrics side by side
Valuation
| Metric | NMS | TRNO |
|---|---|---|
| P/E ratio | 11.31 | 17.89 |
| Forward P/E | N/A | 37.49 |
| P/S ratio | 9.99 | 15.66 |
| P/B ratio | 1.01 | 1.79 |
| PEG ratio | 2.28 | 0.14 |
| EV / EBITDA | N/A | 26.67 |
Profitability
| Metric | NMS | TRNO |
|---|---|---|
| Gross margin | -4.36% | 75.84% |
| Operating margin | -12.54% | 40.81% |
| Net margin | 87.52% | 86.52% |
| ROE | 8.85% | 9.88% |
| ROIC | -0.21% | 3.80% |
Dividends
| Metric | NMS | TRNO |
|---|---|---|
| Dividend yield | 6.68% | 2.85% |
| Payout ratio | N/A | 52.93% |
Growth (annualized)
| Metric | NMS | TRNO |
|---|---|---|
| Revenue CAGR (5Y) | 9.23% | 20.57% |
| EPS CAGR (5Y) | -22.02% | 35.52% |
| Total return CAGR (5Y) | 0.62% | 4.52% |
Frequently asked
- Which has the lower trailing P/E, NMS or TRNO?
- NMS has the lower trailing P/E: NMS trades at 11.31 and TRNO at 17.89. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, NMS or TRNO?
- Over the past five years, TRNO grew revenue faster — NMS at a 9.23% CAGR versus TRNO at 20.57%.
- Does NMS or TRNO pay a bigger dividend?
- NMS yields 6.68% and TRNO yields 2.85% based on trailing dividends and the latest price.
- Is NMS or TRNO more profitable?
- NMS runs the higher net margin — NMS at 87.52% versus TRNO at 86.52%.
- How have NMS and TRNO total returns compared?
- Over the past 10 years, NMS delivered 1.66% and TRNO delivered 13.35% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Nuveen Minnesota Quality Municipal Income Fund P/E ratioTerreno Realty P/E ratioNuveen Minnesota Quality Municipal Income Fund dividend yieldTerreno Realty dividend yieldNuveen Minnesota Quality Municipal Income Fund ROETerreno Realty ROENuveen Minnesota Quality Municipal Income Fund operating marginTerreno Realty operating marginNuveen Minnesota Quality Municipal Income Fund revenue growthTerreno Realty revenue growthNuveen Minnesota Quality Municipal Income Fund free cash flowTerreno Realty free cash flow
Nuveen Minnesota Quality Municipal Income Fund & 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 July 28, 2026.