TERRENO REALTY CORP (TRNO) Stock Fundamental Analysis
USA - NYSE:TRNO - US88146M1018 - REIT
57.98 USD
+0.07 (+0.12%)
Taking everything into account, TRNO scores 5 out of 10 in our fundamental rating. TRNO was compared to 127 industry peers in the Diversified REITs industry. TRNO has an excellent profitability rating, but there are some minor concerns on its financial health. TRNO is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year TRNO was profitable.
In the past year TRNO had a positive cash flow from operations.
Each year in the past 5 years TRNO has been profitable.
In the past 5 years TRNO always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of TRNO (5.08%) is better than 94.49% of its industry peers.
TRNO has a Return On Equity of 6.42%. This is in the better half of the industry: TRNO outperforms 74.02% of its industry peers.
TRNO has a Return On Invested Capital (2.71%) which is in line with its industry peers.
TRNO had an Average Return On Invested Capital over the past 3 years of 2.73%. This is in line with the industry average of 3.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.08% | ||
| ROE | 6.42% | ||
| ROIC | 2.71% |
ROA(3y)4.65%
ROA(5y)4.12%
ROE(3y)6.34%
ROE(5y)5.65%
ROIC(3y)2.73%
ROIC(5y)2.65%
1.3 Margins
Looking at the Profit Margin, with a value of 59.40%, TRNO belongs to the top of the industry, outperforming 98.43% of the companies in the same industry.
TRNO's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 38.82%, TRNO belongs to the best of the industry, outperforming 84.25% of the companies in the same industry.
TRNO's Operating Margin has improved in the last couple of years.
TRNO's Gross Margin of 74.15% is fine compared to the rest of the industry. TRNO outperforms 69.29% of its industry peers.
In the last couple of years the Gross Margin of TRNO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.82% | ||
| PM (TTM) | 59.4% | ||
| GM | 74.15% |
OM growth 3Y-0.86%
OM growth 5Y2.39%
PM growth 3Y7.03%
PM growth 5Y8.26%
GM growth 3Y-0.14%
GM growth 5Y0.06%
2. Health
2.1 Basic Checks
TRNO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, TRNO has more shares outstanding
The number of shares outstanding for TRNO has been increased compared to 5 years ago.
Compared to 1 year ago, TRNO has an improved debt to assets ratio.
2.2 Solvency
TRNO has an Altman-Z score of 3.68. This indicates that TRNO is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TRNO (3.68) is better than 98.43% of its industry peers.
TRNO has a debt to FCF ratio of 8.51. This is a slightly negative value and a sign of low solvency as TRNO would need 8.51 years to pay back of all of its debts.
The Debt to FCF ratio of TRNO (8.51) is better than 92.13% of its industry peers.
TRNO has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of TRNO (0.19) is better than 98.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 8.51 | ||
| Altman-Z | 3.68 |
ROIC/WACC0.34
WACC7.98%
2.3 Liquidity
TRNO has a Current Ratio of 0.78. This is a bad value and indicates that TRNO is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.78, TRNO perfoms like the industry average, outperforming 40.94% of the companies in the same industry.
A Quick Ratio of 0.78 indicates that TRNO may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.78, TRNO is in line with its industry, outperforming 41.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 40.00% over the past year.
Measured over the past years, TRNO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.70% on average per year.
Looking at the last year, TRNO shows a very strong growth in Revenue. The Revenue has grown by 22.17%.
The Revenue has been growing by 17.48% on average over the past years. This is quite good.
EPS 1Y (TTM)40%
EPS 3Y16%
EPS 5Y17.7%
EPS Q2Q%143.24%
Revenue 1Y (TTM)22.17%
Revenue growth 3Y19.91%
Revenue growth 5Y17.48%
Sales Q2Q%19.08%
3.2 Future
The Earnings Per Share is expected to decrease by -1.30% on average over the next years.
Based on estimates for the next years, TRNO will show a quite strong growth in Revenue. The Revenue will grow by 18.00% on average per year.
EPS Next Y-0.83%
EPS Next 2Y-10.24%
EPS Next 3Y-1.3%
EPS Next 5YN/A
Revenue Next Year19.61%
Revenue Next 2Y15.16%
Revenue Next 3Y13.61%
Revenue Next 5Y18%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.01, TRNO is valued on the expensive side.
77.17% of the companies in the same industry are more expensive than TRNO, based on the Price/Earnings ratio.
TRNO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 37.48, which means the current valuation is very expensive for TRNO.
TRNO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TRNO is cheaper than 66.14% of the companies in the same industry.
TRNO's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.01 | ||
| Fwd PE | 37.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TRNO is valued expensively inside the industry as 89.76% of the companies are valued cheaper.
The rest of the industry has a similar Price/Free Cash Flow ratio as TRNO.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 68.66 | ||
| EV/EBITDA | 24.41 |
4.3 Compensation for Growth
The decent profitability rating of TRNO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.3
EPS Next 2Y-10.24%
EPS Next 3Y-1.3%
5. Dividend
5.1 Amount
TRNO has a Yearly Dividend Yield of 3.55%.
TRNO's Dividend Yield is slightly below the industry average, which is at 6.33.
TRNO's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
5.2 History
The dividend of TRNO is nicely growing with an annual growth rate of 13.58%!
TRNO has paid a dividend for at least 10 years, which is a reliable track record.
TRNO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)13.58%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
TRNO pays out 75.83% of its income as dividend. This is not a sustainable payout ratio.
TRNO's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP75.83%
EPS Next 2Y-10.24%
EPS Next 3Y-1.3%
NYSE:TRNO (11/5/2025, 11:41:04 AM)
57.98
+0.07 (+0.12%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners110.79%
Inst Owner Change-0.77%
Ins Owners1.93%
Ins Owner Change3.27%
Market Cap5.99B
Revenue(TTM)426.00M
Net Income(TTM)253.06M
Analysts74.78
Price Target64.5 (11.25%)
Short Float %5.19%
Short Ratio7.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
Yearly Dividend1.87
Dividend Growth(5Y)13.58%
DP75.83%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)83.07%
Min EPS beat(2)29.8%
Max EPS beat(2)136.35%
EPS beat(4)3
Avg EPS beat(4)68.87%
Min EPS beat(4)-0.16%
Max EPS beat(4)136.35%
EPS beat(8)7
Avg EPS beat(8)47.15%
EPS beat(12)11
Avg EPS beat(12)49.44%
EPS beat(16)14
Avg EPS beat(16)65.59%
Revenue beat(2)0
Avg Revenue beat(2)-1.08%
Min Revenue beat(2)-2.16%
Max Revenue beat(2)0%
Revenue beat(4)0
Avg Revenue beat(4)-0.67%
Min Revenue beat(4)-2.16%
Max Revenue beat(4)0%
Revenue beat(8)2
Avg Revenue beat(8)-0.33%
Revenue beat(12)4
Avg Revenue beat(12)0.06%
Revenue beat(16)5
Avg Revenue beat(16)0.1%
PT rev (1m)1.68%
PT rev (3m)-1.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.39%
EPS NY rev (1m)0%
EPS NY rev (3m)19.15%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.01 | ||
| Fwd PE | 37.48 | ||
| P/S | 14.06 | ||
| P/FCF | 68.66 | ||
| P/OCF | 24.61 | ||
| P/B | 1.52 | ||
| P/tB | 1.52 | ||
| EV/EBITDA | 24.41 |
EPS(TTM)2.52
EY4.35%
EPS(NY)1.55
Fwd EY2.67%
FCF(TTM)0.84
FCFY1.46%
OCF(TTM)2.36
OCFY4.06%
SpS4.12
BVpS38.17
TBVpS38.17
PEG (NY)N/A
PEG (5Y)1.3
Graham Number46.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.08% | ||
| ROE | 6.42% | ||
| ROCE | 3.43% | ||
| ROIC | 2.71% | ||
| ROICexc | 2.79% | ||
| ROICexgc | 2.85% | ||
| OM | 38.82% | ||
| PM (TTM) | 59.4% | ||
| GM | 74.15% | ||
| FCFM | 20.48% |
ROA(3y)4.65%
ROA(5y)4.12%
ROE(3y)6.34%
ROE(5y)5.65%
ROIC(3y)2.73%
ROIC(5y)2.65%
ROICexc(3y)2.78%
ROICexc(5y)2.75%
ROICexgc(3y)2.84%
ROICexgc(5y)2.81%
ROCE(3y)3.45%
ROCE(5y)3.35%
ROICexgc growth 3Y-1.28%
ROICexgc growth 5Y1.14%
ROICexc growth 3Y-1.28%
ROICexc growth 5Y1.26%
OM growth 3Y-0.86%
OM growth 5Y2.39%
PM growth 3Y7.03%
PM growth 5Y8.26%
GM growth 3Y-0.14%
GM growth 5Y0.06%
F-Score5
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 8.51 | ||
| Debt/EBITDA | 2.75 | ||
| Cap/Depr | 148.84% | ||
| Cap/Sales | 36.66% | ||
| Interest Coverage | 9.12 | ||
| Cash Conversion | 90.05% | ||
| Profit Quality | 34.47% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 3.68 |
F-Score5
WACC7.98%
ROIC/WACC0.34
Cap/Depr(3y)188.52%
Cap/Depr(5y)155.5%
Cap/Sales(3y)44.39%
Cap/Sales(5y)36.62%
Profit Quality(3y)20.15%
Profit Quality(5y)43.35%
High Growth Momentum
Growth
EPS 1Y (TTM)40%
EPS 3Y16%
EPS 5Y17.7%
EPS Q2Q%143.24%
EPS Next Y-0.83%
EPS Next 2Y-10.24%
EPS Next 3Y-1.3%
EPS Next 5YN/A
Revenue 1Y (TTM)22.17%
Revenue growth 3Y19.91%
Revenue growth 5Y17.48%
Sales Q2Q%19.08%
Revenue Next Year19.61%
Revenue Next 2Y15.16%
Revenue Next 3Y13.61%
Revenue Next 5Y18%
EBIT growth 1Y17.09%
EBIT growth 3Y18.88%
EBIT growth 5Y20.28%
EBIT Next Year100.2%
EBIT Next 3Y37.86%
EBIT Next 5Y31.03%
FCF growth 1Y22.78%
FCF growth 3Y-4.92%
FCF growth 5Y11.51%
OCF growth 1Y45.41%
OCF growth 3Y20.74%
OCF growth 5Y19.7%
TERRENO REALTY CORP / TRNO FAQ
What is the ChartMill fundamental rating of TERRENO REALTY CORP (TRNO) stock?
ChartMill assigns a fundamental rating of 5 / 10 to TRNO.
What is the valuation status of TERRENO REALTY CORP (TRNO) stock?
ChartMill assigns a valuation rating of 2 / 10 to TERRENO REALTY CORP (TRNO). This can be considered as Overvalued.
Can you provide the profitability details for TERRENO REALTY CORP?
TERRENO REALTY CORP (TRNO) has a profitability rating of 7 / 10.
What is the valuation of TERRENO REALTY CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TERRENO REALTY CORP (TRNO) is 23.01 and the Price/Book (PB) ratio is 1.52.
How financially healthy is TERRENO REALTY CORP?
The financial health rating of TERRENO REALTY CORP (TRNO) is 5 / 10.