Terreno Realty Corporation (TRNO)

US — Real Estate Sector
Peers: REXR  EPRT  RITM  RHP  FR  STAG  STWD  HR  KRC  BPYPO 

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Key Metrics & Ratings

  • symbol TRNO
  • Rev/Share 4.1404
  • Book/Share 38.323
  • PB 1.6009
  • Debt/Equity 0.1883
  • CurrentRatio 1.5344
  • ROIC 0.034

 

  • MktCap 6341843883.0
  • FreeCF/Share 1.7968
  • PFCF 34.3053
  • PE 24.8374
  • Debt/Assets 0.149
  • DivYield 0.0324
  • ROE 0.0672

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 3
  • P/B Score 2
  • D/E Score 4

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade TRNO Scotiabank Sector Perform Sector Outperform -- $67 Nov. 10, 2025
Upgrade TRNO Piper Sandler Neutral Overweight -- $75 Nov. 10, 2025
Initiation TRNO Cantor Fitzgerald -- Overweight -- $70 Oct. 1, 2025
Downgrade TRNO Piper Sandler Overweight Neutral -- $61 April 7, 2025
Upgrade TRNO Goldman Neutral Buy $65 $77 Feb. 21, 2025
Initiation TRNO BMO Capital Markets -- Market Perform -- $71 Feb. 4, 2025
Initiation TRNO Deutsche Bank -- Hold -- $60 Jan. 14, 2025
Downgrade TRNO Barclays Overweight Equal Weight $68 $60 Jan. 13, 2025
Downgrade TRNO Mizuho Neutral Underperform -- $62 Sept. 5, 2024
Downgrade TRNO Wells Fargo Overweight Equal Weight $71 $75 Aug. 28, 2024

News

Terreno Realty Corporation Acquires Property in Tukwila, WA for $27.1 Million
TRNO
Published: December 15, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Tukwila, WA for $27.1 Million.

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image for news Terreno Realty Corporation Acquires Property in Tukwila, WA for $27.1 Million
What's Driving Terreno Realty's Latest Leasing Momentum in 2025?
TRNO
Published: December 12, 2025 by: Zacks Investment Research
Sentiment: Positive

TRNO's early lease renewals and new development signal strong industrial demand as it expands with strategic projects and acquisitions.

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image for news What's Driving Terreno Realty's Latest Leasing Momentum in 2025?
Terreno Realty Corporation Announces Lease in Woodinville, WA
TRNO
Published: December 11, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Woodinville, WA.

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image for news Terreno Realty Corporation Announces Lease in Woodinville, WA
Terreno Hyattsville Property Buy: What it Means for Growth Plans?
TRNO
Published: December 08, 2025 by: Zacks Investment Research
Sentiment: Positive

TRNO's $50M Hyattsville buy boosts its logistics presence and supports a long-term growth strategy centered on high-barrier industrial markets.

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image for news Terreno Hyattsville Property Buy: What it Means for Growth Plans?
Terreno Realty Corporation Announces Lease in Washington, D.C.
TRNO
Published: December 08, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Washington, D.C.

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image for news Terreno Realty Corporation Announces Lease in Washington, D.C.
Terreno Realty Corporation Acquires Property in Hyattsville, MD for $50.0 Million
TRNO
Published: December 05, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Hyattsville, MD for $50.0 Million.

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image for news Terreno Realty Corporation Acquires Property in Hyattsville, MD for $50.0 Million
Is Terreno Realty's Hialeah Expansion Bolstering Its Industrial Edge?
TRNO
Published: December 04, 2025 by: Zacks Investment Research
Sentiment: Positive

TRNO expands its Miami footprint with a new Hialeah distribution build aimed at boosting cash flow and deepening its Countyline cluster.

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image for news Is Terreno Realty's Hialeah Expansion Bolstering Its Industrial Edge?
Terreno Realty Corporation Announces Development Start in Hialeah, FL
TRNO
Published: December 03, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Start in Hialeah, FL.

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image for news Terreno Realty Corporation Announces Development Start in Hialeah, FL
3 Must-Have REITs for Your Black Friday Shopping Cart
DLR, FRT, TRNO
Published: November 28, 2025 by: Zacks Investment Research
Sentiment: Positive

Strong REIT picks, DLR, FRT and TRNO, shine as holiday shopping and rising demand across key property sectors create timely opportunities.

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image for news 3 Must-Have REITs for Your Black Friday Shopping Cart
Terreno Realty Pre-Leases 100% of Building 36, Sees Strong Demand
TRNO
Published: November 24, 2025 by: Zacks Investment Research
Sentiment: Positive

TRNO hits full occupancy at Building 36 after two major pre-leases, underscoring strong industrial demand and its expanding Miami footprint.

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image for news Terreno Realty Pre-Leases 100% of Building 36, Sees Strong Demand
Terreno Realty Corporation Announces Leases in Hialeah, FL
TRNO
Published: November 21, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Leases in Hialeah, FL – Countyline Building 36 100% pre-leased.

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image for news Terreno Realty Corporation Announces Leases in Hialeah, FL
Terreno Realty Corporation Acquires Property in Queens, NY for $4.7 Million
TRNO
Published: November 18, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Queens, NY for $4.7 Million.

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image for news Terreno Realty Corporation Acquires Property in Queens, NY for $4.7 Million
Terreno Realty Corporation Announces Leases in Hialeah, FL
TRNO
Published: November 06, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Leases in Hialeah, FL.

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image for news Terreno Realty Corporation Announces Leases in Hialeah, FL
Terreno Realty Corporation Adds Independent Director
TRNO
Published: November 05, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Adds Independent Director.

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image for news Terreno Realty Corporation Adds Independent Director
Terreno Realty Corporation Announces Lease in Newark, CA
TRNO
Published: November 03, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Newark, CA.

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image for news Terreno Realty Corporation Announces Lease in Newark, CA
Terreno Realty Corporation Acquires Property in South San Francisco, CA for $5.6 Million
TRNO
Published: October 16, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in South San Francisco, CA for $5.6 Million.

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image for news Terreno Realty Corporation Acquires Property in South San Francisco, CA for $5.6 Million
Terreno Realty's Rent Rises in Q3, Occupancy Declines Y/Y
TRNO
Published: October 08, 2025 by: Zacks Investment Research
Sentiment: Positive

TRNO's third-quarter update highlights higher rents amid healthy demand for industrial real estate assets. However, operating portfolio occupancy dips year over year.

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image for news Terreno Realty's Rent Rises in Q3, Occupancy Declines Y/Y
Terreno Realty Corporation Sells Property in South Brunswick, NJ for $144.2 Million
TRNO
Published: October 07, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in South Brunswick, NJ for $144.2 Million.

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image for news Terreno Realty Corporation Sells Property in South Brunswick, NJ for $144.2 Million
Terreno Realty Corporation Announces Development Start in Hialeah, FL
TRNO
Published: September 29, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Start in Hialeah, FL.

Read More
image for news Terreno Realty Corporation Announces Development Start in Hialeah, FL
Terreno Realty Corporation Announces Leases in Hialeah, FL
TRNO
Published: September 19, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Leases in Hialeah, FL.

Read More
image for news Terreno Realty Corporation Announces Leases in Hialeah, FL
Terreno Realty Executes Another Lease Renewal, Points to Robust Demand
TRNO
Published: September 15, 2025 by: Zacks Investment Research
Sentiment: Positive

TRNO secures long-term renewal in Lynwood, underscoring solid tenant demand across key markets.

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image for news Terreno Realty Executes Another Lease Renewal, Points to Robust Demand
Terreno Realty Corporation Announces Lease in Lynwood, CA
TRNO
Published: September 12, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Lynwood, CA.

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image for news Terreno Realty Corporation Announces Lease in Lynwood, CA
Terreno Realty Expands Footprint With $194.3M Acquisitions
TRNO
Published: September 11, 2025 by: Zacks Investment Research
Sentiment: Positive

TRNO expands its footprint with a $194.3M buyout in Florida and New Jersey, advancing its long-term growth and portfolio expansion strategy.

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image for news Terreno Realty Expands Footprint With $194.3M Acquisitions
Terreno Realty Corporation Acquires Portfolio in Doral, FL and Kearny, NJ for $194.3 Million
TRNO
Published: September 10, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Portfolio in Doral, FL and Kearny, NJ for $194.3 Million.

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image for news Terreno Realty Corporation Acquires Portfolio in Doral, FL and Kearny, NJ for $194.3 Million
Terreno Realty Acquires Property in South San Francisco
TRNO
Published: September 09, 2025 by: Zacks Investment Research
Sentiment: Positive

TRNO expands in South San Francisco with a $10.2M industrial buyout, reinforcing its coastal market growth strategy.

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image for news Terreno Realty Acquires Property in South San Francisco
Terreno Realty Announces Leases in Seattle, Sees Healthy Demand
TRNO
Published: September 08, 2025 by: Zacks Investment Research
Sentiment: Positive

TRNO's securing of an early renewal lease at Seattle, WA, with a co-warehousing services provider, highlights healthy demand for its properties.

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image for news Terreno Realty Announces Leases in Seattle, Sees Healthy Demand
Terreno Realty Corporation Acquires Property in South San Francisco, CA for $10.2 Million
TRNO
Published: September 08, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in South San Francisco, CA for $10.2 Million.

Read More
image for news Terreno Realty Corporation Acquires Property in South San Francisco, CA for $10.2 Million
Terreno Realty Corporation Announces Lease in Seattle, WA
TRNO
Published: September 05, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Seattle, WA.

Read More
image for news Terreno Realty Corporation Announces Lease in Seattle, WA
Terreno Realty Corporation Announces Development Completion in Hialeah, FL
TRNO
Published: September 04, 2025 by: Business Wire
Sentiment: Neutral

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Completion in Hialeah, FL.

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image for news Terreno Realty Corporation Announces Development Completion in Hialeah, FL
Top 3 Equity REITs Worth Buying as Industry Prospects Improve
DEA, TRNO, WELL
Published: August 27, 2025 by: Zacks Investment Research
Sentiment: Positive

Welltower, Terreno Realty and Easterly Government Properties stand out as the Equity Trust - Other industry is poised to gain from shifting trends and demand drivers.

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image for news Top 3 Equity REITs Worth Buying as Industry Prospects Improve

About Terreno Realty Corporation (TRNO)

  • IPO Date 2010-02-10
  • Website https://www.terreno.com
  • Industry REIT - Industrial
  • CEO W. Blake Baird
  • Employees 49

{Terreno Realty Corporation and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited. As of September 30, 2020, the Company owned 219 buildings aggregating approximately 13.1 million square feet, 22 improved land parcels consisting of approximately 85.0 acres and one property under redevelopment expected to contain approximately 0.2 million square feet upon completion. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.}