MARKETS / NYSE / TRNO
NYSE · REAL ESTATE · LARGE CAP

Terreno Realty Corporation TRNO

15 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY6 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$476.4M
▲ 24.5% vs FY2024
Dividend streak
6 yrs
Raised every year since 2020
EPS · FY25
$3.91
Dividend / sh · FY25
$2.02
Payout · FY25
51%
ROE · FY25
10.3%
Net margin · FY25
84.6%
Dividend coverage
1.9×
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Result
USD 476.4M
Revenue, FY2025 · full 15-year series below
Revenue Net income
0.20.40.60.50.4201120142017202020232025
0.20.40.60.50.42016201920222025

85 cents of every revenue dollar became profit this year.

Per share
USD 3.91
Diluted EPS, FY2025
EPS Dividend
242.023.91201120142017202020232025
242.023.912016201920222025

Earnings covered the dividend 1.9 times — the rest stayed in the company.

Profitability
10.3%
Return on equity, FY2025
ROE
481210.3%201120142017202020232025
481210.3%2016201920222025
Operating margin
Net margin84.6%
Return on assets7.9%

Each USD of equity produced 10 cents of profit this year.

Returned to shareholders
USD 203.9M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 203.9M
Net buybacksUSD -277.7M
Share of profit50.6%
Consecutive raises6 years

USD 203.9M in dividends — 51% of the year's profit went back to shareholders.

Growth
+20.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+19.9%
+20.6%
Net income
+26.7%
+38.2%
+39.3%
EPS, diluted
+14.4%
+27.5%
+31.1%
Dividend / share
+10.9%
+12.5%
Returned to shareholders
+23.8%
+22.2%
+22.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.10B
Shares outstanding, FY2025
0.010.10201120142017202020232025
0.050.102016201920222025
Change, 5 years+51.5%
Change, 10 years+139.1%

The share count grew 51% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 5.4B
total assets, end of FY2025
Total assetsUSD 5.4B
EquityUSD 4.1B
CashUSD 25.0M
Gross debtUSD 943.3M
Net debtUSD 918.3M

Net debt stands at 22% of equity.

History
15 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Revenue $B
0.5
0.4
0.3
0.3
0.2
0.2
0.2
0.2
0.1
0.1
·
·
·
·
·
Operating income $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Net income $B
0.4
0.2
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
−0.0
EPS, diluted $
3.91
1.92
1.81
2.61
1.23
1.16
0.85
1.09
0.95
0.26
0.26
0.23
0.15
0.19
−0.41
Dividend / sh $
2.02
1.88
1.70
1.48
1.26
1.12
1.02
·
·
·
·
·
·
·
0.40
Payout %
51
95
90
54
97
94
114
81
79
219
189
147
146
223
−75
ROE %
10.3
5.6
5.9
9.2
4.8
5.1
4.0
5.6
5.8
2.0
2.0
1.8
1.9
1.2
−2.3
Shares out B
0.10
0.10
0.09
0.08
0.08
0.07
0.07
0.06
0.06
0.05
0.04
0.04
0.02
0.01
0.01

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
30 of 30
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed