Terreno Realty Corp.

Symbol: TRNO
CIK: 1476150
Exchange: NYSE
Founded: 2009 (10 years)
HQ: San Francisco, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Industrial

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Overall Score: 9.4

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 6, 2019


Open Price: $57.5
Closing Price: $57.06
Price Change: -0.17 (-0.297%)
Lowest Price: $57.05
Highest Price: $57.84

52-Week Low: $33.52
52-Week High: $58.20
52-Week Change: 45.41%

5 Day Price Change: -0.85%
1 Month Price Change: 3.01%
3 Month Price Change: 12.30%
6 Month Price Change: 22.60%
YTD Price Change: 67.10%
1 Year Price Change: 45.85%
2 Year Price Change: 59.28%
5 Year Price Change: 180.13%

Dividend of Trading Day December 6, 2019


Dividend Yield: 0.473%*
Annualized Dividend: $0.27*
Dividend Yield (TTM): 1.735%
Annualized Dividend (TTM): $0.99
Ex Dividend Date: 2019-10-03
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

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Funds From Operations (FFO)


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Key Stats of Trading Day December 6, 2019


Total Cash: $34,479,000
Current Debt: $1,514,000
Revenue: $147,963,000
Gross Profit: $70,853,000
Total Revenue: $147,963,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $86,348,000
Revenue Per Share: $2
Revenue Per Employee: $6,433,174
Employee: 23
Debt to Equity Ratio (D/E): 0.37
Profit Margin: 0.43%
Enterprise Value (EV): $4,251,265,660
Enterprise Value to Revenue (EV/R): 28.73
Price to Sales (P/S): 25.84
Price to Book (P/B): 3.06
Peg Ratio: 1.90
P/E Ratio: 56.01
P/E High: 57.62
P/E Low: 33.19
Forward P/E Ratio: 67.93
Market Capitalization: $3,823,647,660
Beta: 0.50
Latest Volume: 463,664.00
Avg. Total Volume: 355,221
Avg. 10 Volume: 324,468.40
Avg. 30 Volume: 355,220.60
TTM EPS: 1.02
TTM Dividend Rate: 0.99
Shares Outstanding: 67,011,000
Float: 65,490,252.37
50-Day Moving Avg.: 54.74
200-Day Moving Avg.: 48.62

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Properties Owned by TRNO


Properties owned:
220
Types:
1
States:
6
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
TRNO Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by TRNO, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 57,415,000 120,164,000 62,380,000 34,479,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 15,816,000 15,773,000 15,810,000 54,492,000
Property, Plant & Equipment Net 600,000 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 7,499,000 8,190,000 7,485,000 5,829,000
Net Tangible Assets 1,505,886,000 1,436,178,000 1,333,176,000 1,247,797,000
Total Assets 2,045,251,000 1,967,558,000 1,860,206,000 1,796,504,000
Accounts Payable 0 0 0 0
Liabilities (Other) 96,279,000 88,686,000 84,132,000 86,610,000
Current Liabilities (Other) 18,093,000 15,719,000 15,109,000 14,643,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 384,000 764,000 1,142,000 1,514,000
Long-term Debt 442,702,000 441,930,000 441,756,000 460,583,000
Total Liabilities 539,365,000 531,380,000 527,030,000 548,707,000
Minority Interest 0 0 0 0
Common Stock 67,012,010 656,000 632,000 610,000
Retained Earnings 5,958,000 9,268,000 14,608,000 14,185,000
Treasury Stock 0 0 0 0
Capital Surplus 1,499,779,000 1,426,860,000 1,318,634,000 1,233,763,000
Shareholder Equity 1,505,886,000 1,436,178,000 1,333,176,000 1,247,797,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 42,130,000 40,712,000 40,010,000 38,397,000
Cost of Revenue 20,829,000 20,339,000 20,238,000 19,530,000
Gross Profit 21,301,000 20,373,000 19,772,000 18,867,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 25,961,000 27,096,000 26,201,000 25,901,000
Operating Income 16,122,000 13,615,000 13,809,000 12,501,000
Income Expense Net (Other) -1,338,000 -3,236,000 1,723,000 10,471,000
EBIT 16,122,000 13,615,000 13,809,000 12,501,000
Interest Income 4,130,000 4,142,000 4,351,000 4,572,000
Pretax Income 14,784,000 10,379,000 15,532,000 22,972,000
Income Tax 0 0 0 0
Minority Interest 0 0 0 0
Net Income 14,689,000 10,315,000 15,434,000 22,827,000
Net Income Basic 14,689,000 10,315,000 15,434,000 22,827,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 14,689,000 10,315,000 15,434,000 22,827,000
Depreciation 9,838,000 9,630,000 9,545,000 9,234,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -62,749,000 57,784,000 27,901,000 26,426,000
Cash Flow 24,546,000 24,168,000 19,777,000 20,593,000
Capital Expenditures -13,360,000 -17,919,000 -13,908,000 -13,954,000
Investments -130,245,000 -47,457,000 -13,773,000 38,940,000
Investing Activity (Other) 0 0 0 -55,000,000
Total Investing Cash Flows -143,605,000 -65,376,000 -27,681,000 -30,014,000
Dividends Paid -15,720,000 -15,109,000 -14,643,000 -14,186,000
Net Borrowings -381,000 -376,000 -19,373,000 -21,978,000
Cash Flow Financing 56,310,000 98,992,000 35,805,000 35,847,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Terreno Realty Corp.


Terreno Realty Corporation (NYSE: TRNO), a San Francisco-based public real estate investment trust acquires, owns and operates industrial real estate in six major U.S. coastal markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington D.C./Baltimore. We acquire functional, flexible properties in infill locations near major population centers and transportation infrastructure.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
10 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.9
10 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.7
8 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
10 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
9.4 Overall REITRating™ Score 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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