TRNOTRNO
US • —
$65.27
P/E
15.94
PEG
0.15
FCF Yield
—
Rev Growth YoY
+20.2% YoY
Gross Margin
75.9%
Health Score
7/10
D/E Ratio
0.23
Confidence
LOW
Business Snapshot
Terreno Realty (TRNO) is a real estate investment trust (REIT) that acquires, owns, and operates industrial properties in major U.S. coastal markets. The company focuses on functional and infill industrial real estate in six high-density markets: Los Angeles, Northern New Jersey, San Francisco Bay Area, Seattle, Miami, and New York City. TRNO operates as a niche leader in the industrial REIT sector, targeting properties that serve the supply chain and logistics needs of a diverse tenant base. The company is a mid-cap REIT with a focus on capital preservation and steady income generation, set apart by its specific strategy of concentrating on densely populated, supply-constrained coastal markets.
Financial Health
Gross margin of 75.9% reflects the high-margin nature of industrial real estate, while a net margin of 86.5% is exceptionally strong, indicating efficient cost management and a high proportion of net income relative to revenue. The balance sheet is conservative with a debt-to-equity ratio of just 0.23x, well below typical levels for REITs, providing significant financial flexibility...
Risk Assessment
- TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed.
- DEBT / LIQUIDITY — Current ratio of 0.11x is extremely low, indicating insufficient short-term assets to cover short-term liabilities, a potential liquidity risk.
- INSIDER — Net insider selling over the last 90 days (0 buys vs 1 sell) signals a cautious sentiment from those with the deepest knowledge of the company.
- VALUATION — Price/Sales ratio of 14.18x is extremely high, suggesting the market is paying a significant premium for each dollar of revenue, which can contract if growth slows.
- DATA INCOMPLETENESS — Free cash flow data is unavailable, preventing a full assessment of the company's ability to fund dividends and growth internally....
Gross margin of 75.9% reflects the high-margin nature of industrial real estate, while a net margin of 86.5% is exceptionally strong, indicating efficient cost management and a high proportion of net income relative to revenue. The balance sheet is conservative with a debt-to-equity ratio of just 0.23x, well below typical levels for REITs, providing significant financial flexibility. However, the current ratio of 0.11x is extremely low, suggesting the company operates with very little short-term liquidity relative to its current liabilities, a common trait for REITs that rely on long-term debt and equity financing. Free cash flow data is unavailable, making it impossible to confirm the company's sustainability or dividend safety from operational cash generation. Overall, Terreno has a solid, low-leverage balance sheet, but the absence of free cash flow data and the low current ratio introduce caution around short-term liquidity.
- TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed. - DEBT / LIQUIDITY — Current ratio of 0.11x is extremely low, indicating insufficient short-term assets to cover short-term liabilities, a potential liquidity risk. - INSIDER — Net insider selling over the last 90 days (0 buys vs 1 sell) signals a cautious sentiment from those with the deepest knowledge of the company. - VALUATION — Price/Sales ratio of 14.18x is extremely high, suggesting the market is paying a significant premium for each dollar of revenue, which can contract if growth slows. - DATA INCOMPLETENESS — Free cash flow data is unavailable, preventing a full assessment of the company's ability to fund dividends and growth internally.
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