TERRENO REALTY REIT CORP (TRNO)
Real Estate · industrial REITs · NYSE
A focused industrial REIT targeting high-barrier, infill logistics properties in key coastal US markets.
What TERRENO REALTY REIT CORP does
Terreno Realty Corporation is an internally managed real estate investment trust (REIT) that acquires, owns, and operates industrial real estate in six major coastal US markets. The company focuses on high-quality logistics and distribution properties, including warehouse/distribution, flex, and research and development facilities.
Themes: industrial real estate, logistics infrastructure, infill distribution properties, supply chain resilience
Fundamentals
- Price$68.17 as of 2026-08-21 close
- Market cap$7.4B as of 2026-08-21
- 1-year return+23.1% 2025-08-21 close $55.36 → 2026-08-21 close $68.17
- P/E19.30 as of 2026-08-24
- Net margin+77.3% as of 2026-08-24
- Gross margin+76.2% as of 2026-08-24
- ROE+9.2% as of 2026-08-24
- Debt / equity0.21 as of 2026-08-24
- Revenue growth (YoY)+18.1% as of 2026-08-24
- Revenue CAGR (3y)+19.9% SEC XBRL
- Beta1.06 as of 2026-08-24
- Last reported earningsn/a no earnings announcement (Form 8-K, Item 2.02) has been filed in our data yet
Dividend: yield +3.2%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How TRNO compares in its sector
- price-to-earnings ratiobottom 25% 127 covered Real Estate peers, as of 2026-08-24
- net profit margintop 10% 161 covered Real Estate peers, as of 2026-08-24
- operating margintop 25% 161 covered Real Estate peers, as of 2026-08-24
- gross margintop 25% 156 covered Real Estate peers, as of 2026-08-24
- return on equitymiddle range 162 covered Real Estate peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 155 covered Real Estate peers
- indicated dividend yieldbottom 25% 138 covered Real Estate peers, as of 2026-08-24
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
TRNO is in 2 of our published Top 10 lists.
Long-term Top 10 — since 18 Aug 2026Real Estate Long-term Top 10 — since 18 Aug 2026
Long-term score
71.4 #30 of 987 scored · #1 of 84 in Real Estate
Financial health 86th (free cash flow margin 31.5%, debt to equity 0.2) and growth 86th (3-year revenue CAGR 19.9%, revenue growth year over year 18.1%); weakest is long-term trend (53rd, no clear trend either way (ADX below 20)).
Short-term score
44.5 #1155 of 1,704 scored · #50 of 94 in Real Estate
Volume and participation 59th: trading volume is about normal versus its 30-day average; catalysts 51st: analysts have raised their average price target by 0.2% since the prior reading; weakest is momentum 35th: MACD momentum is negative.
In this list since 18 Aug 2026 — currently 9th in the list (3 days)
- Entered 18 Aug 2026: first selection for this list at rank 16, score 73.1.
In this list since 18 Aug 2026 — currently 1st in the list (3 days)
- Entered 18 Aug 2026: first selection for this list at rank 1, score 73.1.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, TRNO's dividend was covered by reported results (earnings payout 51%, operating-cash-flow payout 75%). This describes past coverage, not a forecast.
- Earnings payout51% dividends / net income
- Operating-cash-flow payout75% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How TERRENO REALTY REIT CORP looks technically
TERRENO REALTY REIT CORP (TRNO) is trading 5.8% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 183 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 12 trading days ago.
Trend
7
| Distance from the 200-day | it is trading 5.8% above its 200-day average, the long-term trend line — a longer-term uptrend | +5.8% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $69.01 | $69.01 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $64.46 | $64.46 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 35 calendar days ago — the swings before that are what the structure reading is measured on | 35 sessions |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 183 trading days ago — a "golden cross", a bullish long-term signal | 183 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend) | 14.5 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30) | 41.6 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($67.43 to $71.45) — its "stochastic" reading is 18 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 18.4 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 19 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $78.94 | $78.94 |
|---|---|---|
| From the 52-week high | it is 13.6% below its 52-week high (its highest price of the past year) | -13.6% |
| Above the 52-week low | it is 27.2% above its 52-week low (its lowest price of the past year) | +27.2% |
| Below the 52-week high | it is 13.6% below its highest point of the past year | 13.6% |
| Since a 20-day breakout | it made a new 20-day low about 12 trading days ago | 12 sessions |
| Since a 55-day breakout | it made a new 55-day high about 27 trading days ago | 27 sessions |
| All-time high | its highest closing price on record is $86.00 (set on 2021-12-31) | $86.00 |
| Given back of the 52-week move | over the past year its closes ranged ($53.61 to $75.08), and it has given back roughly a third of its rise from last year’s low — 32% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $61.12 to $61.81. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 32.2% |
| From the all-time high | it is 20.7% below its all-time high | -20.7% |
| Nearest price level | it is trading 1.6% above a support level at $67.09 — a price it turned at 12 times since 2024-08-29, most recently on 2026-06-12. Since 2024-08-21 it has 7 such levels below the current price and 1 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -1.6% |
| All-time low | its lowest closing price on record is $11.41 (set on 2011-11-23) | $11.41 |
| Above the all-time low | it is 497.5% above its all-time low | +497.5% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 58th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.33 between its high and its low — about 2.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.33 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $66.22 and $73.21 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $66.22 – $69.72 – $73.21 |
| Typical daily range (% of price) | its price moves about 2.0% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.9% |
| Stretch from the 200-day average | it is trading 2.8 daily ranges above its 200-day average price (5.8% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.8 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.90× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 0.2% since the prior reading | +0.2% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|---|---|
| Since a hammer | 4 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 4 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.7% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.7% |
|---|---|---|
| Gap filled | a 4.7% gap up opened on 2026-06-11 has been "filled" 45 sessions ago — price traded back through the level the gap left behind, and it took 3 sessions to close | 45 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -0.61% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 11.2 percentage points (the stock lost 8.9% while the market gained 2.3%) | -11.2% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 0.4 percentage points (the stock gained 2.7% while the market gained 3.1%) | -0.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 7.6 percentage points (the stock gained 3.5% while the market gained 11.1%) | -7.6% |
| vs market, 12 months | over the past 12 months this stock beat the market by 2.7 percentage points (the stock gained 23.1% while the market gained 20.5%) | +2.7% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 1.4% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.5% of the share price, which is taken to mean a barrier that gives way easily. | -1.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 4% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $65.78 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +3.6% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% below the average price paid since it last reported on 2026-08-05 (its 10-Q), so the typical buyer over that stretch is under water. That average is $68.51 — a volume-weighted average of daily closes over 13 sessions, not a true tick-by-tick VWAP. | -0.5% |
Price levels it has turned at before
TRNO last closed at $68.17 on 2026-08-21. Since 2024-08-21 it has turned at 7 prices below its last close and 1 above; the 3 nearest below and the nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $67.09 | Support | 1.6% below the last close | turned there 12 times · 2024-08-29 to 2026-06-12 |
| $69.65 | Resistance | 2.2% above the last close | turned there twice · 2024-09-17 to 2025-03-10 |
| $64.44 | Support | 5.5% below the last close | turned there five times · 2024-12-09 to 2026-05-20 |
| $62.81 | Support | 7.9% below the last close | turned there 12 times · 2024-10-10 to 2026-06-18 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · trendless / choppy (low ADX) · lagging the market · Least volatile (2% or less typical daily range) · At the bottom of its 14-day range (stochastic below 20) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.26 mean, 1=Strong Buy…5=Strong Sell) — 17 analysts
- Mean price target$73.41 range $56.00 – $91.00; median $74.00
Analyst estimates, as of 2026-08-17. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for TRNO
- Consensus EPS estimate$0.4249 next reporting period, as of 2026-08-17
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Geographic concentration of properties in a limited number of major coastal markets.","Fluctuations in interest rates affecting borrowing costs and property valuations.","Dependency on the continued demand for industrial logistics and distribution space."]
What changed in the latest 10-Q
AI-assisted comparison of TRNO's 10-Q filed 2026-05-06 against the prior one filed 2025-11-05.
Management's Discussion & Analysis (MD&A)
- Added:
- Added risk factor: 'the use of artificial intelligence, which could present risks and challenges that may adversely impact our business and operating results or that of our tenants' (filed 2026-05-06)
- Removed:
- Removed specific reference to 'our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which was filed with the Securities and Exchange Commission on May 7, 2025' (filed 2025-11-05)
- Removed specific reference to 'our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, which was filed with the Securities and Exchange Commission on August 6, 2025' (filed 2025-11-05)
- Removed reference to '10.7 acres of land for future development' from portfolio description (filed 2025-11-05)
- Reworded:
- Updated 10-K reference from 'for the year ended December 31, 2024, which was filed with the Securities and Exchange Commission on February 5, 2025' to 'for the year ended December 31, 2025, which was filed with the Securities and Exchange Commission on February 4, 2026' (filed 2026-05-06)
- Changed risk factor language from 'a decline in economic activity caused by ongoing changes and negotiations of trade polices, tariffs and related government actions' to 'a decline in economic activity or supply chain disruptions caused by geopolitical changes, trade polices, tariffs or related government actions' (filed 2026-05-06)
- Changed pandemic risk language from 'the impact of any future pandemic, epidemic or outbreak of any highly infectious disease on the U.S., regional and global economies and on our business, financial condition and results of operations and that of our tenants' to 'the impact of any future pandemic, epidemic or outbreak of any highly infectious disease on our business, financial condition and results of operations and that of our tenants' (filed 2026-05-06)
- Updated all portfolio metrics from September 30, 2025 to March 31, 2026 (filed 2026-05-06)
- Updated total buildings from 307 to 310 (filed 2026-05-06)
- Updated warehouse/distribution percentage from 80.4% to 80.5% (filed 2026-05-06)
- Updated flex percentage from 3.4% to 3.0% (filed 2026-05-06)
- Updated transshipment percentage from 6.2% to 6.3% (filed 2026-05-06)
- Updated improved land percentage from 10.0% to 10.2% (filed 2026-05-06)
- Updated improved land parcels from 44 to 46 (filed 2026-05-06)
- Updated total annualized base rent from $350,507 thousand to $368,146 thousand (filed 2026-05-06)
- Updated largest customer percentage from 5.0% to 4.8% of total annualized base rent (filed 2026-05-06)
- Updated customer count from 676 to 681 customers (filed 2026-05-06)
- Updated buildings occupancy from 96.2% to 96.3% (filed 2026-05-06)
- Updated improved land parcels occupancy from 93.6% to 96.6% (filed 2026-05-06)
- Updated total rentable square feet from approximately 20.2 million to 19.9 million (filed 2026-05-06)
- Notes:
- The newer filing contains a table for market investments that is truncated at 'Annualized Base Rent Per Occupied Square Foot' with no values shown; the older filing is similarly truncated at 'Occupancy % as' with no complete data. Comparison of these incomplete sections is not fully assessable.
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 3 open-market sales by insiders in the last 90 days.
- Last 30 days0 buys · 3 sells ($1M) — 3 selling insiders
- Last 90 days0 buys · 3 sells ($1M) — 3 selling insiders
- Last 180 days0 buys · 3 sells ($1M) — 3 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-11. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about TRNO's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
TRNO had 6,254,633 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
TRNO had 5.74% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 8.32 days to cover at the same settlement.
- Reported short interest (shares) 6,254,633
- Short interest (% of shares outstanding) 5.74%
- Prior settlement (shares) 6,629,042
- Reported change -5.65%
- Days to cover (reported) 8.32
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Prologis (PLD)
- Rexford Industrial Realty (REXR)
- EastGroup Properties (EGP)
- First Industrial Realty Trust (FR)
- Duke Realty (now part of Prologis)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does TERRENO REALTY REIT CORP (TRNO) do?
Terreno Realty Corporation is an internally managed real estate investment trust (REIT) that acquires, owns, and operates industrial real estate in six major coastal US markets. The company focuses on high-quality logistics and distribution properties, including warehouse/distribution, flex, and research and development facilities.
What sector is TERRENO REALTY REIT CORP (TRNO) in?
TERRENO REALTY REIT CORP (TRNO) is classified in the Real Estate sector. Its industry is industrial REITs. It trades on NYSE.
Does TRNO pay a dividend?
Yes — TERRENO REALTY REIT CORP (TRNO) pays a dividend, with an indicated yield of about 3.21% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are TERRENO REALTY REIT CORP's (TRNO) competitors?
Notable peers of TERRENO REALTY REIT CORP (TRNO) include Prologis, Rexford Industrial Realty, EastGroup Properties, First Industrial Realty Trust and Duke Realty (now part of Prologis). This peer set is informational only — not financial advice.
Is TERRENO REALTY REIT CORP (TRNO) overbought or oversold right now?
TERRENO REALTY REIT CORP (TRNO) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 42, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on TRNO come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.