Terreno Realty CorporationTRNO
NYSE • Real Estate
$66.28
P/E
16.25
PEG
0.37
FCF Yield
—
Rev Growth YoY
+12.7% YoY
Gross Margin
27.1%
Health Score
8/10
D/E Ratio
0.23
Confidence
MEDIUM
Business Snapshot
Terreno Realty Corporation is an industrial REIT that acquires, owns, and operates industrial properties 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. It focuses on infill locations that serve high-value, last-mile logistics functions, giving it a niche leadership position in supply-constrained markets. With trailing twelve-month revenue of $490.40M and no market cap figure available, it falls within the mid-cap range for a REIT. The defining characteristic is its strategy of owning functional, multi-tenant industrial properties near major transportation hubs, which supports consistent rent growth and low developer competition.
Financial Health
Gross margin stands at 27.1%, a sharp decline from 78.0% in the prior year — likely reflecting the impact of depreciation on a growing property base rather than an operating deterioration. Net margin (TTM) is a strong 86.5%, indicating efficient income conversion after interest and taxes...
Risk Assessment
- REVENUE DECELERATION — Revenue fell 9.5% quarter-over-quarter despite being up 12.7% year-over-year, signalling fading near-term momentum.
- DEBT / LIQUIDITY — Current ratio of 0.08x is extremely low; while common for REITs, it leaves limited liquidity buffers against rent collection delays.
- 52-WEEK POSITION — The current price of $66.28 is only $1.27 below the 52-week high of $67.55, leaving little upside to the recent peak and increasing pullback risk.
- TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed....
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