Terreno Realty Corp. | REIT Profile

Symbol: TRNO
CIK: 1476150
Exchange: NYSE
Founded: 2009 (13 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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See TRNO on SEC.gov

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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.


Terreno Realty Corp. Company Logo

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$63.08 $63.78 $62.74 $63.59 $63.33 $63.33 125,583 -$0.25 -0.40% $4,765,502,741 27.43 $85.08 $54.23 -25.34%

Last update: 2022-08-09 09:18:35 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 9.2

Hightlights of Trading Day August 8, 2022


Open Price: $63.39
Closing Price: $63.33
Price Change: 0.44 (0.7%)
Lowest Price: $62.78
Highest Price: $63.955
52-Week Low: $54.23
52-Week High: $85.08
52-Week Change: -5.89%
5 Day Price Change: 0.38%
1 Month Price Change: 10.49%
3 Month Price Change: -5.73%
6 Month Price Change: -11.56%
YTD Price Change: -25.47%
1 Year Price Change: -5.89%
2 Year Price Change: 6.78%
5 Year Price Change: 102.85%

Dividend of Trading Day August 8, 2022


Dividend Yield: 2.147%*
Annualized Dividend: $1.36*
Dividend Yield (TTM): 2.146%
Annualized Dividend (TTM): $1.3493
Ex-Dividend Date: 2022-06-29
Next Ex-Dividend: 2022-09-29
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. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for TRNO.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q1 FFO $--- $--- ---%
2021 Q4 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day August 8, 2022


Total Cash: $106,278,000
Current Debt: $95,014,000
Revenue: $235,274,000
Gross Profit: $235,274,000
Total Revenue: $235,274,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $146,608,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 26
Debt to Equity Ratio (D/E): 1.42
Profit Margin: 0.38%
Enterprise Value (EV): $5,346,930,308
Enterprise Value to Revenue (EV/R): 22.73
Price to Sales (P/S): 20.11
Price to Book (P/B): 2.30
Price/Earnings-to-Growth (PEG) Ratio: 16.38
P/E Ratio: 27.53
P/E High: 33.25
P/E Low: 26.78
Forward P/E Ratio: N/A
Market Capitalization: $4,784,389,483
Beta: 0.80
Latest Volume: 342,793
Avg. Total Volume: 364,099
Avg. 10-Day Volume: 411,758
Avg. 30-Day Volume: 364,099
TTM EPS: 2.30
Shares Outstanding: 75,546,968
Float: N/A
50-Day Moving Avg.: $58.37
200-Day Moving Avg.: $65.96

Latest REIT Community Comments on #TRNO


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Properties Owned by TRNO


TRNO Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $56.77 per share you would have been able to buy 17 shares of TRNO on 2021-08-09 costing $965.09 @ $56.77 per share you would have been able to buy 8 shares of TRNO on 2021-08-09 costing $454.16 @ $56.77 per share you would have been able to buy 4 shares of TRNO on 2021-08-09 costing $227.08 @ $56.77 per share you would have been able to buy 1 shares of TRNO on 2021-08-09 costing $56.77 @ $56.77 per share you would have been able to buy 0 shares of TRNO on 2021-08-09 costing $0.00
Current worth On 2022-08-08 these 17 shares would be worth $1,076.61 @ $63.33 On 2022-08-08 these 8 shares would be worth $506.64 @ $63.33 On 2022-08-08 these 4 shares would be worth $253.32 @ $63.33 On 2022-08-08 these 1 shares would be worth $63.33 @ $63.33 On 2022-08-08 these 0 shares would be worth $0.00 @ $63.33
Dividends earned $17.34 in dividends would have been earned since 2021-08-09 with 17 shares. $8 in dividends would have been earned since 2021-08-09 with 8 shares. $4.08 in dividends would have been earned since 2021-08-09 with 4 shares. $1.02 in dividends would have been earned since 2021-08-09 with 1 shares. $0.00 in dividends would have been earned since 2021-08-09 with 8 shares.
Net (gain / loss)* 128.86 USD 60.64 USD 30.32 USD 7.58 USD 0.00 USD
ROI** 13.35% 13.35% 13.35% 13.35% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by TRNO. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
TRNO 2022-03-24 0.340 --- 2022-02-09 2022-03-25 2022-04-08
TRNO 2021-12-14 0.340 --- 2021-11-03 2021-12-15 2022-01-05
TRNO 2021-09-30 0.340 17.24% 2021-08-04 2021-10-01 2021-10-15
TRNO 2021-06-29 0.290 --- 2021-05-05 2021-06-30 2021-07-14
TRNO 2021-03-25 0.290 --- 2021-02-10 2021-03-26 2021-04-09
TRNO 2020-12-14 0.290 --- 2020-11-04 2020-12-15 2021-01-05
TRNO 2020-10-01 0.290 7.41% 2020-08-05 2020-10-02 2020-10-16
TRNO 2020-06-29 0.270 --- 2020-05-06 2020-06-30 2020-07-14
TRNO 2020-03-26 0.270 --- 2020-02-06 2020-03-27 2020-04-10
TRNO 2019-12-30 0.270 --- 2019-10-30 2019-12-31 2020-01-14
TRNO 2019-10-03 0.270 12.50% 2019-07-31 2019-10-04 2019-10-18
TRNO 2019-07-03 0.240 --- 2019-05-01 2019-07-05 2019-07-19
TRNO 2019-03-28 0.240 --- 2019-02-06 2019-03-29 2019-04-12
TRNO 2018-12-17 0.240 --- 2018-11-01 2018-12-18 2019-01-11
TRNO 2018-10-04 0.240 9.09% 2018-08-02 2018-10-05 2018-10-19
TRNO 2018-07-05 0.220 --- 2018-05-02 2018-07-06 2018-07-20
TRNO 2018-03-27 0.220 --- 2018-02-07 2018-03-28 2018-04-12
TRNO 2017-12-28 0.220 --- 2017-11-01 2017-12-29 2018-01-12
TRNO 2017-10-05 0.220 10.00% 2017-08-02 2017-10-06 2017-10-20
TRNO 2017-07-05 0.200 --- 2017-05-03 2017-07-07 2017-07-21

Financial Statements Overview


The next Earnings Report for TRNO is 2022-11-02

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Current Cash 106,278,000 204,404,000 68,732,000 39,955,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 106,278,000 204,404,000 68,732,000 39,955,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 2,814,063,000 2,719,811,000 2,402,771,000 2,214,029,000
Property, Plant & Equipment Net 2,723,206,000 2,667,764,000 2,344,751,000 2,166,323,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 57,029,000 51,650,000 53,050,000 44,953,000
Net Tangible Assets 2,054,281,000 2,057,963,000 1,750,472,000 1,701,814,000
Total Assets 2,920,341,000 2,924,215,000 2,471,503,000 2,253,984,000
Accounts Payable 0 0 0 0
Liabilities (Other) 50,182,000 51,025,000 37,543,000 28,368,000
Current Liabilities (Other) 95,014,000 94,557,000 86,865,000 75,648,000
Total Current Liabilities 95,014,000 94,557,000 86,865,000 75,648,000
Current Long-term Debt 0 0 0 0
Long-term Debt 720,864,000 720,670,000 596,623,000 448,154,000
Total Liabilities 866,060,000 866,252,000 721,031,000 552,170,000
Minority Interest 0 0 0 0
Common Stock 75,199,529 73,436,700 70,516,787 69,580,253
Retained Earnings -3,214,000 2,804,000 -3,837,000 -958,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 2,054,281,000 2,057,963,000 1,750,472,000 1,701,814,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Total Revenue 64,035,000 60,675,000 57,269,000 53,295,000
Cost of Revenue 0 0 0 0
Gross Profit 64,035,000 60,675,000 57,269,000 53,295,000
Research and Development 0 0 0 0
Selling General and Admin 7,527,000 7,716,000 6,800,000 6,866,000
Operating Expense 39,413,000 36,788,000 34,636,000 32,122,000
Operating Income 24,622,000 23,887,000 22,633,000 21,173,000
Income Expense Net (Other) 0 0 0 0
EBIT 24,622,000 23,887,000 22,633,000 21,173,000
Interest Income 5,081,000 5,207,000 4,686,000 4,016,000
Pretax Income 19,662,000 32,259,000 21,360,000 17,378,000
Income Tax 0 0 0 0
Minority Interest 0 0 0 0
Net Income 19,581,000 32,139,000 21,273,000 17,325,000
Net Income Basic 19,581,000 32,139,000 21,273,000 17,325,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-03-31 2021-12-31 2021-09-30 2021-06-30
Net Income 19,581,000 32,139,000 21,273,000 17,325,000
Depreciation 11,871,000 11,138,000 5,448,000 13,596,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 106,278,000 204,404,000 68,732,000 39,955,000
Cash Flow 28,033,000 33,767,000 39,217,000 33,069,000
Capital Expenditures -28,785,000 -18,059,000 -21,122,000 -15,376,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -96,837,000 -306,490,000 -176,534,000 -71,035,000
Dividends Paid 0 0 0 0
Net Borrowings 614,586,000 516,266,000 527,891,000 408,199,000
Cash Flow Financing -26,473,000 403,822,000 286,435,000 -50,269,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
10 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.7
9 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.2
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.8
7 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
4 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
10 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.4
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
5 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.0
9.2 Overall REITRating™ Score (See trend) 6.1

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.

REITProperty


Below are some of the properties owned by this TRNO. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
630 Glasgow Industrial 630 Glasgow Los Angeles CA
19601 Hamilton Industrial 19601 Hamilton Los Angeles CA
Garfield Industrial Garfield Los Angeles CA

Related REITs


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STAG Industrial, Inc. (STAG) 8.2 NYSE Mid-Cap Industrial United States
Rexford Industrial Realty, Inc. (REXR) 9.1 NYSE Large-Cap Industrial United States

Last updated: 2022-08-09 - v3.4