TRNO - Terreno Realty Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$70.67
DETAILS
HIGH:
$79.00
LOW:
$60.00
MEDIAN:
$72.00
CONSENSUS:
$70.67
UPSIDE:
6.99%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 476.4 | 382.6 | 323.6 | 276.2 | 221.9 | 186.9 | 171.0 | 151.7 | 132.5 | 108.4 | 95.9 | 68.9 | 45.5 | 31.2 | 17.5 | 4.0 |
| Cost of Revenue | 115.1 | 98.1 | 79.1 | 68.9 | 56.2 | 49.1 | 44.2 | 40.0 | 35.9 | 30.3 | 26.7 | 19.2 | 12.8 | 9.0 | 6.3 | 1.3 |
| Gross Profit | 361.3 | 284.5 | 244.5 | 207.3 | 165.7 | 137.8 | 126.8 | 111.7 | 96.6 | 78.1 | 69.2 | 49.7 | 32.8 | 22.2 | 11.2 | 2.7 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 47.3 | 42.6 | 37.9 | 31.2 | 27.0 | 23.5 | 23.9 | 21.5 | 19.7 | 19.3 | 14.8 | 9.5 | 8.4 | 6.4 | 5.4 | 4.1 |
| Other Expenses | 121.6 | 93.9 | 73.2 | 65.8 | 50.7 | 0 | 0 | 40.8 | 37.9 | 34.4 | 36.0 | 19.2 | 12.5 | 9.1 | 4.9 | 1.3 |
| Operating Expenses | 168.8 | 136.5 | 111.2 | 97.0 | 77.7 | 23.5 | 23.9 | 62.3 | 57.6 | 53.7 | 50.9 | 28.7 | 20.9 | 15.5 | 10.3 | 5.4 |
| Operating Income | ||||||||||||||||
| Operating Income | 192.4 | 148.0 | 133.4 | 110.4 | 88.0 | 114.3 | 102.9 | 81.5 | 69.9 | 28.2 | 24.2 | 17.3 | 12.9 | 9.5 | (1.1) | (4.9) |
| Interest Expense | 32.9 | 20.9 | 24.8 | 23.9 | 18.1 | 16.0 | 16.3 | 18.2 | 16.8 | 13.1 | 9.6 | 6.6 | 6.2 | 5.5 | 2.6 | 0.5 |
| Interest Income | 5.3 | 12.1 | 5.0 | 0.8 | 0.8 | 0.9 | 3.8 | 3.7 | 0.2 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0 | 0.1 |
| Profitability | ||||||||||||||||
| EBITDA | 557.4 | 299.3 | 249.5 | 287.6 | 156.0 | 108.9 | 98.2 | 122.3 | 107.7 | 62.6 | 60.3 | 36.5 | 21.1 | 14.8 | 1.7 | (1.1) |
| EBIT | 435.8 | 205.4 | 176.3 | 221.9 | 105.3 | 68.4 | 58.9 | 81.5 | 69.9 | 28.2 | 24.2 | 21.0 | 11.9 | 1.2 | (3.2) | (2.6) |
| Income Before Tax | 403.0 | 184.5 | 151.5 | 198.0 | 87.3 | 79.8 | 55.5 | 63.3 | 53.1 | 15.1 | 14.6 | 10.7 | 2.5 | (1.0) | (3.7) | (5.4) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.2 | 16.8 | 13.1 | 9.6 | 6.6 | (4.2) | (5.1) | 3.7 | 5.4 |
| Net Income | 403.0 | 184.5 | 151.5 | 198.0 | 87.3 | 79.8 | 55.5 | 63.3 | 53.1 | 15.1 | 14.6 | 10.7 | 6.6 | 4.1 | (3.7) | (5.4) |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | 3.93 | 1.92 | 1.81 | 2.61 | 0.87 | 0.86 | 0.54 | 1.10 | 0.95 | 0.26 | 0.26 | 0.23 | 0.15 | 0.19 | -0.41 | -0.59 |
| EPS (Diluted) | 3.92 | 1.92 | 1.81 | 2.61 | 0.87 | 0.86 | 0.53 | 1.10 | 0.95 | 0.26 | 0.26 | 0.23 | 0.15 | 0.19 | -0.41 | -0.59 |
| Shares Outstanding | 102.5 | 95.5 | 83.2 | 75.5 | 70.5 | 67.8 | 64.4 | 57.5 | 51.4 | 44.7 | 42.9 | 30.4 | 21.0 | 13.1 | 9.2 | 9.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 25.0 | 18.1 | 165.4 | 26.4 | 204.4 | 107.2 | 110.1 | 31.0 | 35.7 | 14.2 | 0.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 62.9 | 56.1 | 47.4 | 39.2 | 0 | 15.9 | 54.5 | 23 | 21.6 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.0) | (0.3) | 0 |
| Other Current Assets | 2.9 | (56.4) | 0.8 | 1.7 | 0.4 | 0.7 | 2.7 | 3.5 | 7.1 | 4.3 | 0 |
| Total Current Assets | 27.9 | 24.6 | 222.3 | 75.5 | 244.0 | 107.8 | 128.6 | 89.0 | 42.8 | 18.5 | 0.0 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 0 | 4,562.5 | 3,516.0 | 3,038.4 | 2,629.6 | 0 | 0 | 1,651.6 | 1,470.7 | 1,212.1 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 223.5 | 208.5 | 147.3 | 36.8 | 38.2 | 88.9 | 88.6 | 79.3 | 76.0 | 62.6 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.3 | 0 |
| Other Non-Current Assets | 5,136.6 | (25.5) | 19.0 | 13.8 | 12.4 | 1,943.1 | 1,891.3 | 1,628.3 | 1,449.0 | 1,197.9 | 0 |
| Total Non-Current Assets | 5,360.2 | 4,745.5 | 3,682.3 | 3,089.0 | 2,680.2 | 2,032.0 | 1,979.9 | 1,707.5 | 1,525.1 | 1,260.5 | 0 |
| Total Assets | 5,388.1 | 4,770.2 | 3,904.7 | 3,164.4 | 2,924.2 | 2,139.8 | 2,108.5 | 1,796.5 | 1,567.9 | 1,279.0 | 0.0 |
| Current Liabilities | |||||||||||
| Account Payables | 77.3 | 79.2 | 61.8 | 49.7 | 45.0 | 26.7 | 27.7 | 24.9 | 21.3 | 18.2 | 0 |
| Short-Term Debt | 200 | 82 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (248.0) | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 39.1 | 30.8 | 25.6 | 0 | 0 | 196.7 | 226.7 | 130.4 | 0 |
| Total Current Liabilities | 331.5 | 210.1 | 100.8 | 80.4 | 70.6 | 54.0 | 57.5 | 70.6 | 45.3 | 89.9 | 0 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 743.3 | 741.4 | 771.6 | 770.8 | 720.7 | 459.1 | 491.6 | 462.1 | 461.7 | 415.3 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.1 | 22.4 | 3.5 | 0 |
| Other Non-Current Liabilities | 167.0 | 156.3 | 117.7 | 83.3 | 74.9 | 38.5 | 42.3 | (161.7) | (169.3) | (96.7) | 0 |
| Total Non-Current Liabilities | 910.3 | 897.7 | 889.2 | 854.1 | 795.6 | 497.6 | 533.9 | 478.1 | 495.1 | 377.2 | 0 |
| Total Liabilities | 1,241.8 | 1,107.8 | 990.0 | 934.6 | 866.3 | 551.6 | 591.3 | 548.7 | 540.4 | 467.2 | 0 |
| Stockholders' Equity | |||||||||||
| Common Stock | 1.0 | 1.0 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 | 0.6 | 0.6 | 0.5 | 0 |
| Retained Earnings | 289.1 | 95.3 | 95.6 | 88.3 | 2.8 | 5.9 | 2.6 | 14.2 | 4.8 | 811.8 | 0 |
| Accumulated Other Comprehensive Income | 0 | (31.1) | (31.8) | (26.5) | (15.2) | (0.2) | (0.4) | (0.8) | (1.0) | (0.9) | 0 |
| Total Stockholders' Equity | 4,146.3 | 3,662.3 | 2,914.6 | 2,229.9 | 2,058.0 | 1,588.2 | 1,517.1 | 1,247.8 | 1,027.5 | 811.8 | 0.0 |
| Total Liabilities & Equity | 5,388.1 | 4,770.2 | 3,904.7 | 3,164.4 | 2,924.2 | 2,139.8 | 2,108.5 | 1,796.5 | 1,567.9 | 1,279.0 | 0.0 |
| Debt Metrics | |||||||||||
| Total Debt | 943.3 | 823.4 | 771.6 | 770.8 | 720.7 | 459.1 | 491.6 | 462.1 | 461.7 | 415.3 | 0 |
| Net Debt | 918.3 | 805.4 | 606.2 | 744.4 | 516.3 | 351.9 | 381.5 | 431.1 | 426.0 | 401.1 | (0.0) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 403.0 | 184.5 | 151.5 | 198.0 | 87.3 | 79.8 | 55.5 | 63.3 | 53.1 | 15.1 |
| Depreciation & Amortization | 92.3 | 76.6 | 59.3 | 49.5 | 43.0 | 40.5 | 39.3 | 37.1 | 35.7 | 33.1 |
| Stock-Based Compensation | 17.7 | 14.9 | 13.5 | 10.2 | 9.6 | 9.8 | 10.6 | 9.3 | 8.7 | 9.4 |
| Change in Working Capital | 9.3 | 9.6 | 0.5 | 5.7 | 16.4 | (3.2) | (0.0) | (1.1) | 5.1 | 2.5 |
| Other Non-Cash Items | (250.4) | (52.9) | (45.1) | (120.1) | (24.0) | (25.8) | (10.8) | (31.0) | (33.1) | (10.9) |
| Operating Cash Flow | 271.9 | 232.7 | 179.7 | 143.2 | 132.2 | 101.0 | 94.7 | 77.6 | 69.5 | 49.2 |
| Investing Activities | ||||||||||
| Capital Expenditure | (63.4) | (46.4) | (53.1) | (66.6) | (51.3) | (31.6) | (32.1) | (29.0) | (27.4) | (26.9) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (940.9) | (590.4) | (433.2) | (645.0) | (98.1) | (238.7) | (221.8) | (297.1) | (130.1) |
| Sales/Maturities of Investments | 0 | 71.9 | 73.1 | 162.1 | 41.1 | 70.7 | 47.1 | 79.6 | 75.4 | 21.4 |
| Other Investing Activities | (389.0) | 0 | 0 | 0 | 0 | 15.9 | 0 | (54.1) | 0 | 0 |
| Investing Cash Flow | (452.4) | (915.5) | (570.4) | (337.7) | (666.4) | (52.1) | (251.5) | (235.0) | (249.1) | (151.2) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 118 | (18) | 0 | 50 | 263.7 | (33.1) | 29.5 | (0.2) | 46.6 | 34.6 |
| Stock Repurchased | 0 | (3.3) | (1.5) | (1.0) | (0.6) | (9.8) | (4.0) | (3.9) | (49.4) | (1.6) |
| Dividends Paid | (203.9) | (175.0) | (135.9) | (107.4) | (84.6) | (74.8) | (63.6) | (51.4) | (43.9) | (36.7) |
| Other Financing Activities | (4.1) | (5.8) | 0 | (1.5) | (4.0) | 0 | (0.9) | (1.4) | (0.9) | (2.5) |
| Financing Cash Flow | 187.8 | 534.9 | 528.9 | 17.7 | 631.2 | (53.9) | 235.1 | 149.0 | 203.9 | 93.8 |
| Cash Position | ||||||||||
| Net Change in Cash | 7.2 | (147.9) | 138.2 | (176.7) | 97.0 | (4.9) | 78.3 | (8.3) | 24.3 | (8.2) |
| Cash at Beginning | 18.4 | 166.2 | 28.1 | 204.8 | 107.8 | 112.7 | 34.5 | 42.8 | 18.5 | 22.4 |
| Cash at End | 25.6 | 18.4 | 166.2 | 28.1 | 204.8 | 107.8 | 112.7 | 34.5 | 42.8 | 14.2 |
| Free Cash Flow | 208.5 | 186.3 | 126.6 | 76.6 | 80.9 | 69.4 | 62.6 | 48.6 | 42.1 | 22.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 476.4 | 382.6 | 323.6 | 276.2 | 221.9 | 186.9 | 171.0 | 151.7 | 132.5 | 108.4 | 95.9 | 68.9 | 45.5 | 31.2 | 17.5 | 4.0 |
| Gross Profit | 361.3 | 284.5 | 244.5 | 207.3 | 165.7 | 137.8 | 126.8 | 111.7 | 96.6 | 78.1 | 69.2 | 49.7 | 32.8 | 22.2 | 11.2 | 2.7 |
| Operating Income | 192.4 | 148.0 | 133.4 | 110.4 | 88.0 | 114.3 | 102.9 | 81.5 | 69.9 | 28.2 | 24.2 | 17.3 | 12.9 | 9.5 | (1.1) | (4.9) |
| Net Income | 403.0 | 184.5 | 151.5 | 198.0 | 87.3 | 79.8 | 55.5 | 63.3 | 53.1 | 15.1 | 14.6 | 10.7 | 6.6 | 4.1 | (3.7) | (5.4) |
| EPS (Diluted) | 3.92 | 1.92 | 1.81 | 2.61 | 0.87 | 0.86 | 0.53 | 1.10 | 0.95 | 0.26 | 0.26 | 0.23 | 0.15 | 0.19 | -0.41 | -0.59 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 25.0 | 18.1 | 165.4 | 26.4 | 204.4 | 107.2 | 110.1 | 31.0 | 35.7 | 14.2 | 0.0 | |||||
| Total Assets | 5,388.1 | 4,770.2 | 3,904.7 | 3,164.4 | 2,924.2 | 2,139.8 | 2,108.5 | 1,796.5 | 1,567.9 | 1,279.0 | 0.0 | |||||
| Total Debt | 943.3 | 823.4 | 771.6 | 770.8 | 720.7 | 459.1 | 491.6 | 462.1 | 461.7 | 415.3 | 0 | |||||
| Stockholders' Equity | 4,146.3 | 3,662.3 | 2,914.6 | 2,229.9 | 2,058.0 | 1,588.2 | 1,517.1 | 1,247.8 | 1,027.5 | 811.8 | 0.0 | |||||
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 271.9 | 232.7 | 179.7 | 143.2 | 132.2 | 101.0 | 94.7 | 77.6 | 69.5 | 49.2 | ||||||
| Capital Expenditure | (63.4) | (46.4) | (53.1) | (66.6) | (51.3) | (31.6) | (32.1) | (29.0) | (27.4) | (26.9) | ||||||
| Free Cash Flow | 208.5 | 186.3 | 126.6 | 76.6 | 80.9 | 69.4 | 62.6 | 48.6 | 42.1 | 22.3 | ||||||