Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 31.11.
Forward PE Ratio (31.11) = Close Price ($65.65) / Consensus Forward EPS ($2.11)
FORWARD PE RATIO
31.11
SECTOR MEDIAN · REAL ESTATE
31.88
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
-2.42%
vs the sector median at left
Terreno Realty Corporation
Market Cap
$7.03B
Forward PE Ratio
31.11
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Terreno Realty Corporation (TRNO) | $7.03B | 31.11 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.20B | 24.71 |
| NNN REIT, Inc. (NNN)vs › | $8.49B | 21.73 |
| Agree Realty Corporation (ADC)vs › | $8.81B | 38.16 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.86B | 34.73 |
| CubeSmart (CUBE)vs › | $8.98B | 25.63 |
| Federal Realty Investment Trust (FRT)vs › | $10.14B | 27.48 |
| Fermi Inc. Common Stock (FRMI)vs › | $3.70B | N/A |
| Apple Hospitality REIT, Inc. (APLE)vs › | $3.64B | 21.89 |
| BXP, Inc. (BXP)vs › | $10.59B | 31.88 |
Trailing P/E
17.6
reported TTM EPS
Forward P/E
31.1
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.11 implies -43.3% EPS decline vs the reported trailing $3.72.
At today's $65.65 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $2.11 | $2.06 – $2.15 | 3 | 31.1x |
| 2027-12-31 | $1.87 | $1.79 – $1.93 | 3 | 35.2x |
| 2028-12-31 | $1.99 | $1.89 – $2.10 | 1 | 33.0x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute