Terreno Realty Corporation
58.29-2.02 (-3.35%)
Oct 29, 4:00:02 PM EDT · NYSE · TRNO · USD
Key Stats
Market Cap
6.02BP/E (TTM)
23.04Basic EPS (TTM)
2.53Dividend Yield
0.03%Recent Filings
10-Q
Q2 FY2025 results
Terreno Realty boosted revenues 19.1% year-over-year to $112.2M in Q2 FY2025 ended June 30, 2025, driven by 22.6% higher cash rents on 0.8M square feet of renewals and six acquisitions adding $123.5M in properties, while same-store NOI climbed 6.1% on 98.5% occupancy. Yet net income soared 161% to $93.3M, fueled by a $54.6M gain from two property sales, though operating income before gains edged up modestly amid higher depreciation from expansions. Cash swelled to $128.4M with $122.1M from operations, fully repaying the $600M revolver for zero draws, while total debt dipped to $742.4M at 3.8% weighted rate, leaving ample liquidity for $472.5M in pending buys. Acquisitions stay sharp. Tariffs could crimp tenant demand.
8-K
Stockholders approve equity plan
Terreno Realty Corporation's stockholders approved the 2025 Equity Incentive Plan at the May 6, 2025, annual meeting, authorizing 2,000,000 new shares plus leftovers from the 2019 plan to replace it. Directors were unanimously elected, executive pay advisory vote passed, and Ernst & Young LLP's audit role ratified. This bolsters talent retention amid real estate pressures. No new awards issued yet.
10-Q
Q1 FY2025 results
Terreno Realty posted solid Q1 results, with revenues climbing 29.9% year-over-year to $110.4M on stronger leasing and prior acquisitions, while net income jumped 33.5% to $48.1M and diluted EPS rose to $0.47 from $0.40—reconciled neatly against 101.0M weighted shares. Same-store NOI grew 3.3% to $64.6M, fueled by 34.2% higher cash rents on renewals covering 0.6M square feet, yet property expenses edged up 10.8% on taxes and insurance. Cash from operations hit $61.4M, up from $47.0M, supporting $24.0M in property sales that yielded an $11.8M gain; free cash flow stood at $39.5M after $21.9M capex. Balance sheet strengthened with $156.5M cash and no revolver draws against $742M total debt at 3.8% weighted rate, bolstered by $234M from stock issuances. Portfolio occupancy held firm at 96.6% across 19.3M square feet in key coastal markets. Tariffs could squeeze tenant margins, though.
10-K
FY2024 results
Terreno Realty Corporation's 10-K filing for the fiscal year ended December 31, 2024, provides no specific financial figures, quarterly breakdowns, or performance metrics in the accessible sections, limiting analysis to structural details like its Maryland incorporation and NYSE listing under TRNO. Without disclosed topline revenue, profitability, or Q4 contributions, annual context remains opaque, and quarterly momentum indicators such as y/y deltas or sequential trends cannot be assessed. Key drivers, segments, or liquidity postures are not detailed here. No guidance for 2025 appears. A core risk from Risk Factors involves potential market volatility impacting property values and leasing activity.
8-K
Director Polk steps down
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