# Terreno Realty Corporation (TRNO) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $65.65, market value $7.2 billion.

## Valuation
- **P/E (trailing): 17.6×** (5-yr avg 31.2×, 3-yr avg 25.3×). Terreno Realty Corporation trades at 17.6× trailing earnings, well below its own five-year average of 31.2×: cheap by its own standards. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 37.2×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.36**. A PEG of 0.36 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 14.2×**. Each dollar of revenue is priced at 14.2×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **Earnings yield: 5.7%**. The inverse of the P/E: 5.7% of the price is earned each year.

## Profitability
- **Net margin: 84.6%**. 84.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.7%**. 9.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 7.2%**. Each dollar of assets produces 7.2% of profit.

## Growth
- **Revenue growth (1 yr): 24.5%** (3-yr 19.9%/yr, 5-yr 20.6%/yr). Revenue grew 24.5% over the last year, against 20.6% a year compounded over five years.
- **EPS growth (1 yr): 103.6%** (3-yr 14.4%/yr, 5-yr 27.5%/yr). Earnings per share rose 103.6%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.23**. Debt is 0.23 times equity: a conservative balance sheet.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.47%** ($2.08 per share, trailing). Terreno Realty Corporation yields 3.47%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 51%**. 51% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 12**. 12 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 12.5%/yr** (1-yr 7.4%). The dividend has compounded at 12.5% a year over five years, doubling roughly every 6 years at that pace.

## Analyst view
- **Analyst consensus: buy** (17 analysts). 17 analysts cover Terreno Realty Corporation; the consensus is buy, with an average price target of $74.12 (+13% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 17.3%** (YTD 13.7%, 3-mo 2.9%). The shares are up 17.3% over twelve months including dividends.
- **From 52-week high: -16.8%** (17.4% above the low). Trading 17% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 32**. An RSI of 32 is neutral.
- **Beta (1 yr): 0.44** (volatility 20%). Beta of 0.44 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TRNO · Page: https://foliofundamentals.com/stocks/trno

Not investment advice.