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Terreno Realty Corporation (TRNO) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

REAL ESTATE · REIT - INDUSTRIAL · DATA UPDATED 2026-08-14

Terreno Realty Corporation (TRNO) operates in the REIT - INDUSTRIAL industry and is headquartered in Bellevue, United States with about 47 employees. Its market capitalization is roughly $7 billion. In the fiscal year ended 2025-12-31, TRNO reported $476M in revenue and $403M in net income.

Terreno Realty Corporation an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets. The firm announced today that it has executed new renewal leases totaling 233,000 square feet at Countyline Corporate Park Phase III in Hialeah, Florida.

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TRNO Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-31
Total Revenue$503M$476M$383M$324M$276M$222M$187M$171M$152M$132M$108M$96M$69M$46M$31M$18M$4M
Gross Profit$324M$361M$285M$245M$207M$166M$138M$127M$112M$97M$78M$69M$50M$33M$22M$11M$3M
Gross Margin %64.4%75.8%74.4%75.6%75.0%74.7%73.7%74.2%73.6%72.9%72.0%72.2%72.2%72.0%71.2%63.8%68.1%
Operating Income (EBIT)$208M$192M$148M$133M$110M$88M$114M$103M$82M$70M$28M$24M$17M$13M$10M($1M)($5M)
Operating Margin %41.4%40.4%38.7%41.2%40.0%39.7%61.2%60.2%53.7%52.7%26.0%25.3%25.1%28.2%30.6%-6.4%-120.7%
Net Income$389M$403M$184M$151M$198M$87M$80M$56M$63M$53M$15M$15M$11M$7M$4M($4M)($5M)
Net Margin %77.3%84.6%48.2%46.8%71.7%39.3%42.7%32.5%41.7%40.1%13.9%15.2%15.6%14.6%13.0%-21.3%-133.7%
EBITDA$549M$557M$299M$249M$288M$156M$109M$98M$122M$108M$63M$60M$36M$21M$15M$2M($1M)
Earnings Per Share (EPS)$3.73$3.92$1.93$1.82$2.62$1.23$1.17$0.86$1.10$1.03$0.34$0.34$0.35$0.32$0.31$-0.41$-0.59
Shares Outstanding (M)107M103M96M83M76M71M68M65M57M51M45M43M30M21M13M9M9M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TRNO Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$125M$124M$137M$116M$112M$110M$104M$100M
Gross Profit$95M$34M$107M$88M$84M$82M$76M$74M
Gross Margin %76.2%27.1%78.0%75.7%75.1%74.0%73.2%74.3%
Operating Income (EBIT)$52M$51M$57M$48M$44M$43M$39M$39M
Operating Margin %41.8%40.7%41.8%41.3%39.2%38.9%37.8%39.4%
Net Income$58M$69M$158M$103M$93M$48M$76M$37M
Net Margin %46.2%55.8%115.1%88.9%83.1%43.6%73.4%36.8%
EBITDA$95M$108M$206M$140M$128M$83M$107M$66M
Earnings Per Share (EPS)$0.54$0.66$1.53$1.00$0.91$0.48$0.77$0.37
Shares Outstanding (M)107M105M104M103M103M101M99M98M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TRNO Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-31
Cash from Operations (CFO)$287M$272M$233M$180M$143M$132M$101M$95M$78M$69M$49M$42M$29M$13M$10M$2M($2M)
Capital Expenditures (CapEx)$101M$63M$46M$53M$67M$51M$32M$32M$29M$27M$27M$19M$20M$10M$10M$97M$0M
Free Cash Flow (FCF)$185M$208M$186M$127M$77M$81M$69M$63M$49M$42M$22M$23M$10M$4M$0M($95M)($2M)
FCF Margin %36.9%43.8%48.7%39.1%27.7%36.5%37.2%36.6%32.1%31.8%20.6%24.2%13.9%8.7%-1.5%-541.5%-54.9%
Dividends Paid$214M$204M$175M$136M$107M$85M$75M$64M$51M$44M$37M$31M$19M$13M$7M$3M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TRNO Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$75M$62M$70M$80M$61M$61M$51M$70M
Capital Expenditures (CapEx)$42M$25M$20M$14M$10M$19M$16M$14M
Free Cash Flow (FCF)$33M$37M$50M$65M$51M$43M$36M$56M
FCF Margin %26.4%30.0%36.2%56.3%45.1%38.5%34.3%56.4%
Dividends Paid$55M$54M$54M$51M$51M$49M$49M$44M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TRNO Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-31
Total Assets$5.7B$5.4B$4.8B$3.9B$3.2B$2.9B$2.1B$2.1B$1.8B$1.6B$1.3B$1.2B$1.1B$645M$445M$267M$194M$0M
Cash & Cash Equivalents$51M$25M$18M$165M$26M$204M$107M$110M$31M$36M$14M$22M$191M$7M$6M$3M$57M$0M
Total Liabilities$1.3B$1.2B$1.1B$990M$935M$866M$552M$591M$549M$540M$467M$419M$330M$206M$190M$108M$29M$0M
Total Debt (Short + Long-Term)$992M$943M$823M$872M$1.4B$1.4B$834M$867M$487M$731M$434M$499M$319M$208M$184M$99M$18M$0M
Total Shareholders' Equity$4.4B$4.1B$3.7B$2.9B$2.2B$2.1B$1.6B$1.5B$1.2B$1.0B$812M$733M$747M$439M$255M$159M$165M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive TRNO viewer.

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