TERRENO REALTY CORP (TRNO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TRNO - US88146M1018 - REIT
62 USD
-0.5 (-0.8%)
62 USD
0 (0%)
TRNO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 125 industry peers in the Diversified REITs industry. TRNO scores excellent on profitability, but there are some minor concerns on its financial health. TRNO is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- TRNO had positive earnings in the past year.
- TRNO had a positive operating cash flow in the past year.
- In the past 5 years TRNO has always been profitable.
- In the past 5 years TRNO always reported a positive cash flow from operatings.
1.2 Ratios
- TRNO has a Return On Assets of 5.99%. This is amongst the best in the industry. TRNO outperforms 99.20% of its industry peers.
- The Return On Equity of TRNO (8.00%) is better than 79.20% of its industry peers.
- TRNO has a Return On Invested Capital (2.67%) which is comparable to the rest of the industry.
- 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 | 5.99% | ||
| ROE | 8% | ||
| ROIC | 2.67% |
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
- TRNO has a better Profit Margin (72.18%) than 100.00% of its industry peers.
- In the last couple of years the Profit Margin of TRNO has grown nicely.
- With an excellent Operating Margin value of 39.36%, TRNO belongs to the best of the industry, outperforming 84.80% of the companies in the same industry.
- TRNO's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 74.53%, TRNO is in the better half of the industry, outperforming 72.00% of the companies in the same industry.
- TRNO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 39.36% | ||
| PM (TTM) | 72.18% | ||
| GM | 74.53% |
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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRNO is destroying value.
- TRNO has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for TRNO has been increased compared to 5 years ago.
- TRNO has a better debt/assets ratio than last year.
2.2 Solvency
- TRNO has an Altman-Z score of 3.11. This indicates that TRNO is financially healthy and has little risk of bankruptcy at the moment.
- TRNO has a Altman-Z score of 3.11. This is amongst the best in the industry. TRNO outperforms 96.80% of its industry peers.
- The Debt to FCF ratio of TRNO is 8.73, which is on the high side as it means it would take TRNO, 8.73 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 8.73, TRNO belongs to the best of the industry, outperforming 93.60% of the companies in the same industry.
- A Debt/Equity ratio of 0.26 indicates that TRNO is not too dependend on debt financing.
- The Debt to Equity ratio of TRNO (0.26) is better than 96.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 8.73 | ||
| Altman-Z | 3.11 |
ROIC/WACC0.33
WACC8.14%
2.3 Liquidity
- A Current Ratio of 0.15 indicates that TRNO may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.15, TRNO is doing worse than 93.60% of the companies in the same industry.
- A Quick Ratio of 0.15 indicates that TRNO may have some problems paying its short term obligations.
- The Quick ratio of TRNO (0.15) is worse than 92.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.15 | ||
| Quick Ratio | 0.15 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 74.03% over the past year.
- TRNO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.70% yearly.
- The Revenue has grown by 21.13% in the past year. This is a very strong growth!
- Measured over the past years, TRNO shows a quite strong growth in Revenue. The Revenue has been growing by 17.48% on average per year.
EPS 1Y (TTM)74.03%
EPS 3Y16%
EPS 5Y17.7%
EPS Q2Q%170.27%
Revenue 1Y (TTM)21.13%
Revenue growth 3Y19.91%
Revenue growth 5Y17.48%
Sales Q2Q%16.67%
3.2 Future
- TRNO is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.58% yearly.
- The Revenue is expected to grow by 16.62% on average over the next years. This is quite good.
EPS Next Y13.51%
EPS Next 2Y-9.55%
EPS Next 3Y-0.58%
EPS Next 5YN/A
Revenue Next Year21.64%
Revenue Next 2Y14.6%
Revenue Next 3Y13.15%
Revenue Next 5Y16.62%
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
- The Price/Earnings ratio is 19.68, which indicates a rather expensive current valuation of TRNO.
- Based on the Price/Earnings ratio, TRNO is valued cheaper than 83.20% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.32, TRNO is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 39.47, the valuation of TRNO can be described as expensive.
- TRNO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TRNO is cheaper than 66.40% of the companies in the same industry.
- TRNO is valuated expensively when we compare the Price/Forward Earnings ratio to 24.32, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.68 | ||
| Fwd PE | 39.47 |
4.2 Price Multiples
- TRNO's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. TRNO is more expensive than 90.40% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of TRNO indicates a somewhat cheap valuation: TRNO is cheaper than 64.80% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.69 | ||
| EV/EBITDA | 26.32 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of TRNO may justify a higher PE ratio.
PEG (NY)1.46
PEG (5Y)1.11
EPS Next 2Y-9.55%
EPS Next 3Y-0.58%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.39%, TRNO has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 6.59, TRNO is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.83, TRNO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
5.2 History
- The dividend of TRNO is nicely growing with an annual growth rate of 13.58%!
- TRNO has been paying a dividend for at least 10 years, so it has 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
- 62.29% of the earnings are spent on dividend by TRNO. 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.
DP62.29%
EPS Next 2Y-9.55%
EPS Next 3Y-0.58%
62
-0.5 (-0.8%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-05 2025-11-05/amc
Earnings (Next)02-03 2026-02-03/amc
Inst Owners110.45%
Inst Owner Change0.62%
Ins Owners1.91%
Ins Owner Change3.56%
Market Cap6.41B
Revenue(TTM)442.61M
Net Income(TTM)319.48M
Analysts74.78
Price Target67.5 (8.87%)
Short Float %4.95%
Short Ratio7.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.39% |
Yearly Dividend1.87
Dividend Growth(5Y)13.58%
DP62.29%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)153.09%
Min EPS beat(2)136.35%
Max EPS beat(2)169.84%
EPS beat(4)4
Avg EPS beat(4)111.37%
Min EPS beat(4)29.8%
Max EPS beat(4)169.84%
EPS beat(8)7
Avg EPS beat(8)67.71%
EPS beat(12)11
Avg EPS beat(12)63.57%
EPS beat(16)14
Avg EPS beat(16)74.9%
Revenue beat(2)0
Avg Revenue beat(2)-1.48%
Min Revenue beat(2)-2.16%
Max Revenue beat(2)-0.8%
Revenue beat(4)0
Avg Revenue beat(4)-0.85%
Min Revenue beat(4)-2.16%
Max Revenue beat(4)0%
Revenue beat(8)2
Avg Revenue beat(8)-0.41%
Revenue beat(12)3
Avg Revenue beat(12)-0.26%
Revenue beat(16)4
Avg Revenue beat(16)-0.12%
PT rev (1m)0.36%
PT rev (3m)6.09%
EPS NQ rev (1m)18.11%
EPS NQ rev (3m)36.36%
EPS NY rev (1m)0%
EPS NY rev (3m)14.46%
Revenue NQ rev (1m)2.56%
Revenue NQ rev (3m)6.76%
Revenue NY rev (1m)0.57%
Revenue NY rev (3m)1.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.68 | ||
| Fwd PE | 39.47 | ||
| P/S | 14.48 | ||
| P/FCF | 54.69 | ||
| P/OCF | 25.35 | ||
| P/B | 1.6 | ||
| P/tB | 1.6 | ||
| EV/EBITDA | 26.32 |
EPS(TTM)3.15
EY5.08%
EPS(NY)1.57
Fwd EY2.53%
FCF(TTM)1.13
FCFY1.83%
OCF(TTM)2.45
OCFY3.95%
SpS4.28
BVpS38.64
TBVpS38.64
PEG (NY)1.46
PEG (5Y)1.11
Graham Number52.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 8% | ||
| ROCE | 3.38% | ||
| ROIC | 2.67% | ||
| ROICexc | 2.69% | ||
| ROICexgc | 2.74% | ||
| OM | 39.36% | ||
| PM (TTM) | 72.18% | ||
| GM | 74.53% | ||
| FCFM | 26.48% |
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-Score4
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 8.73 | ||
| Debt/EBITDA | 3.61 | ||
| Cap/Depr | 124.22% | ||
| Cap/Sales | 30.66% | ||
| Interest Coverage | 9.91 | ||
| Cash Conversion | 89.23% | ||
| Profit Quality | 36.69% | ||
| Current Ratio | 0.15 | ||
| Quick Ratio | 0.15 | ||
| Altman-Z | 3.11 |
F-Score4
WACC8.14%
ROIC/WACC0.33
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)74.03%
EPS 3Y16%
EPS 5Y17.7%
EPS Q2Q%170.27%
EPS Next Y13.51%
EPS Next 2Y-9.55%
EPS Next 3Y-0.58%
EPS Next 5YN/A
Revenue 1Y (TTM)21.13%
Revenue growth 3Y19.91%
Revenue growth 5Y17.48%
Sales Q2Q%16.67%
Revenue Next Year21.64%
Revenue Next 2Y14.6%
Revenue Next 3Y13.15%
Revenue Next 5Y16.62%
EBIT growth 1Y19.87%
EBIT growth 3Y18.88%
EBIT growth 5Y20.28%
EBIT Next Year102.59%
EBIT Next 3Y37.81%
EBIT Next 5Y29.83%
FCF growth 1Y151.19%
FCF growth 3Y-4.92%
FCF growth 5Y11.51%
OCF growth 1Y44.66%
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 6 / 10 to TRNO.
Can you provide the valuation status for TERRENO REALTY CORP?
ChartMill assigns a valuation rating of 4 / 10 to TERRENO REALTY CORP (TRNO). This can be considered as Fairly Valued.
Can you provide the profitability details for TERRENO REALTY CORP?
TERRENO REALTY CORP (TRNO) has a profitability rating of 7 / 10.
What are the PE and PB ratios of TERRENO REALTY CORP (TRNO) stock?
The Price/Earnings (PE) ratio for TERRENO REALTY CORP (TRNO) is 19.68 and the Price/Book (PB) ratio is 1.6.
How sustainable is the dividend of TERRENO REALTY CORP (TRNO) stock?
The dividend rating of TERRENO REALTY CORP (TRNO) is 5 / 10 and the dividend payout ratio is 62.29%.