Terreno Realty Corp (TRNO) Financial Statements
Industry: Real Estate
In fiscal 2025, Terreno Realty reported revenue of $476.4M, up 24.5% from $382.6M the year before. Net income was $403.0M (a 84.6% net margin), or $3.91 per diluted share. Gross margin was 40.3% and operating margin was 4.9%. Operating activities generated $271.9M of cash. At fiscal year end, Terreno Realty held $5.39B in total assets against $1.24B in total liabilities, including $25.0M of cash and equivalents.
Open the full interactive Terreno Realty financials → Quarterly statements, key ratios, valuation history and price charts.
Terreno Realty Key Stats
| Share Price | $65.87 |
|---|---|
| Market Cap | $7.03B |
| P/E Ratio | 16.8 |
| Revenue YoY Growth | +24.5% |
| 52-Week Range | $55.11 – $74.43 |
| Shares Outstanding | 106.6 million (basic, 2026 Q2) |
Terreno Realty Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $186.9M | $221.9M | $276.2M | $323.6M | $382.6M | $476.4M |
| Cost of Goods Sold | $118.7M | $134.1M | $167.3M | $190.5M | $234.7M | $284.3M |
| Gross Profit | $68.2M | $87.9M | $108.9M | $133.1M | $148.0M | $192.1M |
| Operating Income | -$1.2M | $10.2M | $11.9M | $22.0M | $11.5M | $23.2M |
| Pre-Tax Income | $79.8M | $87.3M | $198.0M | $151.5M | $184.5M | $403.0M |
| Net Income | $79.8M | $87.3M | $198.0M | $151.5M | $184.5M | $403.0M |
| Diluted EPS | $1.16 | $1.23 | $2.61 | $1.81 | $1.92 | $3.91 |
Terreno Realty Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $116.2M | $137.5M | $124.4M | $124.7M |
| Net Income | $103.4M | $158.2M | $69.4M | $57.6M |
| Diluted EPS | $1.00 | $1.54 | $0.66 | $0.54 |
Terreno Realty Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $107.2M | $204.4M | $26.4M | $165.4M | $18.1M | $25.0M |
| Total Assets | $2.14B | $2.92B | $3.16B | $3.90B | $4.77B | $5.39B |
| Total Long-Term Debt | $459.1M | $720.7M | $770.8M | $771.6M | $823.4M | $943.3M |
| Total Liabilities | $551.6M | $866.3M | $934.6M | $990.0M | $1.11B | $1.24B |
| Shareholders' Equity | $1.59B | $2.06B | $2.23B | $2.91B | $3.66B | $4.15B |
Terreno Realty Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $101.0M | $132.2M | $143.2M | $179.7M | $232.7M | $271.9M |
| Cash From Investing | -$52.1M | -$666.4M | -$337.7M | -$570.4M | -$915.5M | -$452.4M |
| Cash From Financing | -$53.9M | $631.2M | $17.7M | $528.9M | $534.9M | $187.8M |
Figures from Terreno Realty's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Terreno Realty financials page for every line item.
Terreno Realty Company Profile
| Ticker | TRNO |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate |
| Headquarters | San Francisco, California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001476150 |
Frequently Asked Questions
What was Terreno Realty's revenue in fiscal 2025?
Terreno Realty (TRNO) reported revenue of $476.4M for fiscal 2025.
What is Terreno Realty's annual revenue history?
Terreno Realty's annual revenue by fiscal year: 2020: $186.9M; 2021: $221.9M; 2022: $276.2M; 2023: $323.6M; 2024: $382.6M; 2025: $476.4M.
What was Terreno Realty's net income in fiscal 2025?
Terreno Realty reported net income of $403.0M for fiscal 2025.
What was Terreno Realty's earnings per share (EPS) in fiscal 2025?
Terreno Realty's diluted EPS was $3.91 for fiscal 2025 (adjusted for any later stock splits).
What was Terreno Realty's revenue last quarter?
In its most recent reported quarter (2026 Q2), Terreno Realty reported revenue of $124.7M.
How much debt does Terreno Realty have?
Terreno Realty reported $943.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Terreno Realty are outstanding?
Terreno Realty reported a weighted average of 106.6 million basic shares outstanding in 2026 Q2.
What is Terreno Realty's market cap?
Based on its latest closing price, Terreno Realty (TRNO) has a market capitalization of about $7.03B.
When does Terreno Realty's fiscal year end?
Terreno Realty's fiscal year end, as registered with the SEC, is December 31.
Where is Terreno Realty headquartered?
Terreno Realty lists its business address in San Francisco, California in its SEC filings.