Terreno Realty (TRNO) Financials: History & Chart

Terreno Realty Corporation (TRNO)TRNOTerreno Realty Corporation

About Terreno Realty Corporation

Terreno Realty Corporation, together with its subsidiaries, focuses on the acquisition, ownership, and management of industrial real estate assets. Their operations are strategically located in six key coastal U.S. markets: Los Angeles, the Northern New Jersey/New York City metropolitan area, the San Francisco Bay Area, Seattle, Miami, and Washington, D.C. It should be noted that all measurements concerning property size (square footage, acreage), occupancy rates, and the total number of properties detailed within their condensed consolidated financial statements are provided on an unaudited basis. As of September 30, 2020, the company's portfolio included 219 buildings, encompassing a total area of approximately 13.1 million square feet. Additionally, they possessed 22 developed land parcels spanning about 85.0 acres, alongside one property currently undergoing redevelopment, which is projected to contribute roughly 0.2 million square feet upon completion. Terreno operates as an internally managed corporation chartered in Maryland. The company chose to be designated as a Real Estate Investment Trust (REIT) for tax purposes, pursuant to Sections 856 through 860 of the Internal Revenue Code of 1986, effective from its taxable year concluded on December 31, 2010.

Bellevue, WA

47 employees

www.terreno.com

Real Estate / REIT - Industrial

Sector: Real Estate
Industry: REIT - Industrial
CEO: W. Blake Baird

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Financials

SEC Filings

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	490.40M	124.44M	137.48M	116.25M	112.23M	110.42M	103.71M	99.64M	94.25M
Cost of Goods Sold	177.11M	90.77M	30.19M	28.23M	27.91M	28.77M	27.83M	25.60M	23.77M
Gross Profit	313.30M	33.67M	107.29M	88.02M	84.33M	81.65M	75.88M	74.04M	70.47M
Gross Profit Margin	63.9%	27.1%	78.0%	75.7%	75.1%	73.9%	73.2%	74.3%	74.8%
Total Operating Expenses	113.16M	-17.03M	49.85M	39.96M	40.37M	38.66M	36.67M	34.83M	33.55M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	47.97M	12.43M	11.60M	11.58M	12.35M	11.73M	10.76M	10.78M	10.54M
Operating Income (EBIT)	200.14M	50.69M	57.43M	48.06M	43.95M	42.99M	39.21M	39.20M	36.92M
Operating Margin	40.8%	40.7%	41.8%	41.3%	39.2%	38.9%	37.8%	39.3%	39.2%
Income Before Tax (EBT)	424.30M	69.43M	158.22M	103.38M	93.27M	48.13M	76.10M	36.64M	35.70M
Interest Income	4.62M	514K	792K	1.37M	1.94M	1.22M	2.51M	2.35M	4.33M
Interest Expense	33.92M	8.99M	9.53M	8.37M	7.04M	7.93M	5.26M	4.90M	5.52M
Other Income/Expense	224.16M	18.74M	100.78M	55.32M	49.32M	5.14M	36.89M	-2.56M	-1.22M
Net Income	424.30M	69.43M	158.22M	103.38M	93.27M	48.13M	76.10M	36.64M	35.70M
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	86.5%	55.8%	115.1%	88.9%	83.1%	43.6%	73.4%	36.8%	37.9%
EBITDA	324.28M	80.18M	95.68M	76.44M	71.98M	69.92M	65.12M	63.26M	59.93M
EBITDA Margin	66.1%	64.4%	69.6%	65.8%	64.1%	63.3%	62.8%	63.5%	63.6%
Depreciation & Amortization	124.14M	29.49M	38.25M	28.38M	28.02M	26.93M	25.91M	24.06M	23.01M
EPS Basic	4.08	0.66	1.52	1.00	0.90	0.48	0.76	0.37	0.37
EPS Diluted	4.08	0.66	1.52	1.00	0.90	0.47	0.76	0.37	0.37
Shares Outstanding	104.91M	104.91M	103.57M	102.91M	102.89M	100.77M	99.24M	97.56M	96.29M
Diluted Shares Outstanding	105.22M	105.22M	103.57M	103.14M	103.01M	101.05M	99.24M	97.87M	96.41M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	476.38M	382.62M	323.59M	276.21M	221.93M	186.88M	171.02M	151.66M
Cost of Goods Sold	115.10M	98.09M	79.08M	68.90M	56.25M	49.10M	44.20M	39.99M
Gross Profit	361.28M	284.53M	244.50M	207.31M	165.68M	137.79M	126.82M	111.67M
Gross Profit Margin	75.8%	74.4%	75.6%	75.1%	74.7%	73.7%	74.2%	73.6%
Total Operating Expenses	168.85M	136.50M	111.15M	96.95M	77.65M	23.49M	23.92M	62.32M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.40
Selling, General & Administrative	47.27M	42.59M	37.94M	31.19M	26.96M	23.49M	23.92M	21.50M
Operating Income (EBIT)	192.43M	148.03M	133.35M	110.35M	88.03M	114.30M	102.90M	81.50M
Operating Margin	40.4%	38.7%	41.2%	40.0%	39.7%	61.2%	60.2%	53.7%
Income Before Tax (EBT)	402.99M	184.50M	151.46M	198.01M	87.25M	79.80M	55.52M	63.29M
Interest Income	5.33M	12.08M	4.96M	809K	822K	873K	3.81M	3.66M
Interest Expense	32.86M	20.92M	24.80M	23.85M	18.05M	16.00M	16.34M	18.21M
Other Income/Expense	210.56M	36.47M	18.11M	87.66M	-777K	-34.50M	-47.38M	-26.88M
Net Income	402.99M	184.50M	151.46M	198.01M	87.25M	79.80M	55.52M	63.29M
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	18.21M
Net Profit Margin	84.6%	48.2%	46.8%	71.7%	39.3%	42.7%	32.5%	41.7%
EBITDA	314.01M	241.94M	206.57M	176.12M	138.72M	154.75M	142.23M	183.93M
EBITDA Margin	65.9%	63.2%	63.8%	63.8%	62.5%	82.8%	83.2%	121.3%
Depreciation & Amortization	121.58M	93.92M	73.22M	65.76M	50.69M	40.45M	39.33M	102.43M
EPS Basic	3.93	1.92	1.81	2.61	0.87	0.86	0.54	1.10
EPS Diluted	3.92	1.92	1.81	2.61	0.87	0.86	0.53	1.10
Shares Outstanding	102.46M	95.52M	83.17M	75.50M	70.53M	67.76M	64.43M	57.49M
Diluted Shares Outstanding	102.72M	95.84M	83.37M	75.59M	70.79M	68.17M	64.72M	57.49M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.