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Terreno Realty (TRNO) Financials

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$58.27 +0.10 (+0.18%)
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Annual Income Statements for Terreno Realty

Annual Income Statements for Terreno Realty

This table shows Terreno Realty's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 11 11 49 63 55 79 87 197 151 184
Consolidated Net Income / (Loss)		 15 15 53 63 56 80 87 198 151 184
Net Income / (Loss) Continuing Operations		 15 15 53 63 56 80 87 198 151 184
Total Pre-Tax Income 		15 15 53 35 56 80 87 198 151 184
Total Revenue		 96 108 133 155 184 215 239 365 342 419
Net Interest Income / (Expense)		 0.02 0.00 0.17 3.66 3.82 0.87 0.00 -23 -20 -8.84
Total Interest Income		 0.02 0.00 0.17 3.66 3.82 0.87 0.00 0.81 4.96 12
Investment Securities Interest Income		 0.02 - 0.17 3.66 3.82 0.87 - 0.81 4.96 12
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24 25 21
Long-Term Debt Interest Expense		 - - - - - - - 24 25 21
Total Non-Interest Income		 96 108 132 152 180 214 239 388 362 428
Net Realized & Unrealized Capital Gains on Investments		 - -0.24 - - 9.39 27 17 112 38 45
Other Non-Interest Income		 96 108 132 152 171 187 222 276 324 383
Total Non-Interest Expense		 82 87 93 102 112 119 134 167 190 235
Net Occupancy & Equipment Expense		 27 30 36 40 44 49 56 69 79 98
Other Operating Expenses		 15 19 20 22 24 23 27 31 38 43
Depreciation Expense		 36 34 38 41 44 46 51 66 73 94
Restructuring Charge		 4.71 3.13 0.01 0.12 0.05 0.27 0.17 1.47 0.22 0.07
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.08 0.10 0.35 0.40 0.35 0.40 0.31 0.85 0.71 0.79
Basic Earnings per Share		 $0.26 $0.26 $0.95 $1.09 $0.86 $1.17 $1.23 $2.61 $1.81 $1.92
Weighted Average Basic Shares Outstanding		 42.86M 44.73M 51.36M 57.49M 64.43M 67.76M 70.53M 75.50M 83.17M 95.52M
Diluted Earnings per Share		 $0.26 $0.26 $0.95 $1.09 $0.85 $1.16 $1.23 $2.61 $1.81 $1.92
Weighted Average Diluted Shares Outstanding		 42.86M 44.73M 51.36M 57.49M 64.72M 68.17M 70.79M 75.59M 83.37M 95.84M
Weighted Average Basic & Diluted Shares Outstanding		 42.86M 44.73M 51.36M 57.49M 67.39M 68.65M 75.49M 76.98M 88.00M 99.78M
Cash Dividends to Common per Share		 - - - $0.92 $1.02 $1.12 $1.26 $1.48 $1.70 $1.88

Quarterly Income Statements for Terreno Realty

This table shows Terreno Realty's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 22 59 23 40 30 57 36 36 36 76 48
Consolidated Net Income / (Loss)		 22 59 23 40 30 58 36 36 37 76 48
Net Income / (Loss) Continuing Operations		 22 59 23 40 30 58 36 36 37 76 48
Total Pre-Tax Income 		22 59 23 40 30 58 36 36 37 76 48
Total Revenue		 71 89 77 87 78 100 94 93 97 135 116
Net Interest Income / (Expense)		 0.18 -23 1.96 -4.93 -4.72 -12 2.89 -1.19 -2.55 -7.99 -6.70
Total Interest Income		 0.18 0.40 1.96 0.97 1.09 0.94 2.89 4.33 2.35 2.51 1.22
Investment Securities Interest Income		 0.18 0.40 1.96 0.97 1.09 0.94 2.89 4.33 2.35 2.51 1.22
Total Interest Expense		 0.00 24 0.00 5.90 5.81 13 0.00 5.52 4.90 11 7.93
Long-Term Debt Interest Expense		 - - - 5.90 5.81 - - 5.52 4.90 - 7.93
Total Non-Interest Income		 71 112 75 92 83 112 91 94 100 143 122
Net Realized & Unrealized Capital Gains on Investments		 0.00 - 0.00 12 0.00 26 5.72 0.00 0.00 40 12
Other Non-Interest Income		 71 76 75 80 83 86 85 94 100 104 110
Total Non-Interest Expense		 42 46 46 47 48 50 52 57 60 65 67
Net Occupancy & Equipment Expense		 17 19 18 19 20 22 21 24 26 28 29
Other Operating Expenses		 8.14 8.19 9.32 9.77 9.12 9.73 11 11 11 11 12
Depreciation Expense		 17 19 18 18 18 19 21 23 24 26 27
Restructuring Charge		 0.04 0.37 0.05 0.03 0.05 0.09 0.00 0.04 0.01 0.03 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.11 0.28 0.11 0.18 0.15 0.28 0.15 0.16 0.16 0.33 0.21
Basic Earnings per Share		 $0.30 $0.77 $0.29 $0.48 $0.36 $0.68 $0.40 $0.37 $0.37 $0.78 $0.48
Weighted Average Basic Shares Outstanding		 75.50M 75.50M 79.90M 83.12M 84.04M 83.17M 88.87M 96.29M 97.56M 95.52M 100.77M
Diluted Earnings per Share		 $0.30 $0.77 $0.29 $0.48 $0.36 $0.68 $0.40 $0.37 $0.37 $0.78 $0.47
Weighted Average Diluted Shares Outstanding		 75.59M 75.59M 80.34M 83.12M 84.27M 83.37M 89.44M 96.41M 97.87M 95.84M 101.05M
Weighted Average Basic & Diluted Shares Outstanding		 76.07M 76.98M 83.26M 83.91M 85.39M 88.00M 96.70M 96.90M 99.74M 99.78M 103.32M
Cash Dividends to Common per Share		 $0.40 - $0.40 $0.40 $0.45 - $0.45 $0.45 $0.49 - $0.49

Annual Cash Flow Statements for Terreno Realty

This table details how cash moves in and out of Terreno Realty's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -172 -6.63 24 -8.32 78 -4.90 97 -177 138 -148
Net Cash From Operating Activities		 42 49 69 78 95 101 132 143 180 233
Net Cash From Continuing Operating Activities		 42 49 69 78 95 101 132 143 180 233
Net Income / (Loss) Continuing Operations		 15 15 53 63 56 80 87 198 151 184
Consolidated Net Income / (Loss)		 15 15 53 63 56 80 87 198 151 184
Depreciation Expense		 36 34 38 41 44 46 51 66 73 94
Amortization Expense		 -1.53 -0.57 -0.97 -2.64 -3.65 -4.09 -6.35 -15 -12 -16
Non-Cash Adjustments to Reconcile Net Income		 -8.38 -2.20 -26 -23 -1.16 -17 -16 -111 -33 -40
Changes in Operating Assets and Liabilities, net		 1.35 2.49 5.08 -1.06 -0.04 -3.23 16 5.68 0.54 9.56
Net Cash From Investing Activities		 -260 -150 -249 -235 -251 -52 -666 -338 -570 -915
Net Cash From Continuing Investing Activities		 -260 -150 -249 -235 -251 -52 -666 -338 -570 -915
Purchase of Property, Leasehold Improvements and Equipment		 -20 -43 -27 -39 -60 -41 -63 -92 -177 -173
Purchase of Investment Securities		 -263 -128 -297 -277 -239 -98 -645 -408 -467 -815
Sale and/or Maturity of Investments		 24 21 75 80 47 87 41 162 73 72
Net Cash From Financing Activities		 45 94 204 149 235 -54 631 18 529 535
Net Cash From Continuing Financing Activities		 45 94 204 149 235 -54 631 18 529 535
Issuance of Debt		 100 146 193 204 117 0.00 350 308 82 110
Issuance of Common Equity		 3.12 101 255 209 278 65 462 79 671 743
Repayment of Debt		 -25 -111 -146 -204 -88 -33 -86 -258 -82 -128
Repurchase of Common Equity		 -0.56 -3.06 -7.20 -6.90 -7.98 -11 -6.27 -2.21 -6.55 -9.05
Payment of Dividends		 -31 -37 -44 -51 -64 -75 -85 -107 -136 -175
Other Financing Activities, Net		 -1.47 -2.50 -0.87 -1.37 -0.94 0.00 -4.03 -1.50 -0.08 -5.81
Cash Interest Paid		 8.38 12 14 20 18 16 15 25 32 21

Quarterly Cash Flow Statements for Terreno Realty

This table details how cash moves in and out of Terreno Realty's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 0.66 17 -14 46 40 66 494 -478 61 -226 139
Net Cash From Operating Activities		 46 34 39 49 53 39 47 64 70 51 61
Net Cash From Continuing Operating Activities		 46 34 39 49 53 39 47 64 70 51 61
Net Income / (Loss) Continuing Operations		 22 59 23 40 30 58 36 36 37 76 48
Consolidated Net Income / (Loss)		 22 59 23 40 30 58 36 36 37 76 48
Depreciation Expense		 17 19 18 18 18 19 21 23 24 26 27
Amortization Expense		 -3.82 -5.08 -3.16 -3.26 -3.11 -2.85 -2.96 -4.07 -4.23 -4.26 -4.16
Non-Cash Adjustments to Reconcile Net Income		 -0.21 -35 0.87 -10 0.99 -25 -3.81 2.04 0.66 -39 -12
Changes in Operating Assets and Liabilities, net		 10 -2.65 -0.40 3.83 6.83 -9.72 -3.19 7.66 13 -7.78 2.04
Net Cash From Investing Activities		 -95 -24 -387 -19 -73 -91 -49 -499 -58 -310 -24
Net Cash From Continuing Investing Activities		 -95 -24 -387 -19 -73 -91 -49 -499 -58 -310 -24
Purchase of Property, Leasehold Improvements and Equipment		 -27 -16 -23 -30 -59 -65 -40 -48 -50 -34 -48
Purchase of Investment Securities		 -68 -63 -365 -13 -14 -74 -19 -450 -7.90 -338 0.00
Sale and/or Maturity of Investments		 - 55 0.00 25 - 48 10 - - 62 24
Net Cash From Financing Activities		 50 6.75 334 17 60 118 496 -44 50 33 101
Net Cash From Continuing Financing Activities		 50 6.75 334 17 60 118 496 -44 50 33 101
Issuance of Debt		 250 46 29 20 - 33 0.00 - - 110 50
Issuance of Common Equity		 29 48 366 51 96 158 538 -0.00 204 - 237
Repayment of Debt		 -202 -56 -29 -20 - -33 0.00 - -100 -28 -132
Repurchase of Common Equity		 -0.94 -0.73 -1.61 -0.48 -2.16 -2.31 -3.46 -0.27 -5.32 - -5.39
Payment of Dividends		 -26 -30 -31 -33 -34 -38 -39 -44 -44 -49 -49
Cash Interest Paid		 9.05 5.65 8.38 7.11 8.67 7.56 9.75 5.16 9.82 -3.84 6.71

Annual Balance Sheets for Terreno Realty

This table presents Terreno Realty's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 1,152 1,279 1,568 1,797 2,108 2,140 2,924 3,164 3,905 4,770
Cash and Due from Banks		 22 14 36 31 110 107 204 26 165 18
Restricted Cash		 2.66 4.27 7.09 3.48 2.66 0.66 0.40 1.69 0.84 0.28
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 54 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 1,022 1,171 1,421 1,502 1,756 1,843 2,488 2,900 3,173 4,233
Intangible Assets		 55 63 76 79 89 89 114 124 147 208
Other Assets		 50 27 28 126 151 100 117 113 419 310
Total Liabilities & Shareholders' Equity		 1,152 1,279 1,568 1,797 2,108 2,140 2,924 3,164 3,905 4,770
Total Liabilities		 419 467 540 549 591 552 866 935 990 1,108
Non-Interest Bearing Deposits		 7.51 9.92 11 12 14 14 24 27 33 40
Short-Term Debt		 0.00 52 0.00 19 0.00 0.00 0.00 0.00 0.00 82
Other Short-Term Payables		 7.80 9.48 12 15 18 20 26 31 39 49
Long-Term Debt		 381 364 462 443 492 459 721 771 772 741
Other Long-Term Liabilities		 22 32 55 60 67 59 96 106 147 196
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 733 812 1,027 1,248 1,517 1,588 2,058 2,230 2,915 3,662
Total Preferred & Common Equity		 733 812 1,027 1,248 1,517 1,588 2,058 2,230 2,915 3,662
Total Common Equity		 687 766 1,027 1,248 1,517 1,588 2,058 2,230 2,915 3,662
Common Stock		 688 767 1,024 1,234 1,515 1,582 2,055 2,142 2,819 3,567
Retained Earnings		 0.00 0.00 4.80 14 2.62 5.93 2.80 88 96 95

Quarterly Balance Sheets for Terreno Realty

This table presents Terreno Realty's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 3,109 3,578 3,637 3,739 4,439 4,467 4,571 4,907
Cash and Due from Banks		 10 11 59 96 650 182 244 157
Restricted Cash		 0.84 2.61 1.10 4.03 11 0.46 0.26 0.62
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 2,870 3,097 3,094 3,089 3,152 3,731 3,773 4,245
Intangible Assets		 126 140 141 139 147 178 177 211
Other Assets		 102 328 343 411 479 375 377 293
Total Liabilities & Shareholders' Equity		 3,109 3,578 3,637 3,739 4,439 4,467 4,571 4,907
Total Liabilities		 957 978 989 1,002 994 1,026 940 1,011
Non-Interest Bearing Deposits		 27 30 32 33 34 37 37 41
Short-Term Debt		 10 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Short-Term Payables		 30 33 34 38 44 44 49 51
Long-Term Debt		 771 771 771 771 772 772 672 742
Other Long-Term Liabilities		 118 145 152 160 145 174 181 178
Commitments & Contingencies		 0.00 0.00 0.00 0.00 - - 0.00 0.00
Total Equity & Noncontrolling Interests		 2,152 2,600 2,648 2,737 3,445 3,441 3,631 3,896
Total Preferred & Common Equity		 2,152 2,600 2,648 2,737 3,445 3,441 3,631 3,896
Total Common Equity		 2,152 2,600 2,648 2,737 3,445 3,441 3,631 3,896
Common Stock		 2,092 2,521 2,563 2,660 3,356 3,360 3,563 3,803
Retained Earnings		 60 78 85 77 88 80 68 93

Annual Metrics And Ratios for Terreno Realty

This table displays calculated financial ratios and metrics derived from Terreno Realty's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 39.25% 12.79% 22.62% 17.09% 18.61% 16.44% 11.20% 53.14% -6.41% 22.59%
EBITDA Growth		 35.08% 13.84% 38.82% 19.63% 23.44% 22.40% 8.17% 67.23% -14.70% 23.83%
EBIT Growth		 -21.01% 53.64% 86.69% 34.86% 36.21% 32.97% 9.08% 89.51% -23.51% 21.81%
NOPAT Growth		 -21.01% 53.64% 86.69% 34.86% 36.21% 32.97% 9.08% 89.51% -23.51% 21.81%
Net Income Growth		 36.23% 3.54% 251.20% 19.20% -12.28% 43.73% 9.35% 126.94% -23.51% 21.81%
EPS Growth		 13.04% 0.00% 265.38% 14.74% -22.02% 36.47% 6.03% 112.20% -30.65% 6.08%
Operating Cash Flow Growth		 43.47% 17.05% 41.14% 11.66% 22.02% 6.72% 30.83% 8.32% 25.46% 29.50%
Free Cash Flow Firm Growth		 87.28% -78.22% -143.35% 24.68% -35.12% 125.22% -1,196.11% 96.17% -2,123.23% -15.17%
Invested Capital Growth		 6.20% 10.10% 21.35% 14.82% 17.48% 1.92% 35.72% 7.99% 22.85% 21.69%
Revenue Q/Q Growth		 6.04% 5.23% 10.24% -0.74% 7.29% -1.97% 11.44% 4.35% -3.47% 2.53%
EBITDA Q/Q Growth		 3.81% 5.87% 20.60% -4.23% 10.76% -4.39% 15.69% 3.26% -6.14% 0.69%
EBIT Q/Q Growth		 -27.68% 38.15% 46.23% -6.65% 15.56% -5.74% 22.13% 3.04% -9.64% -2.18%
NOPAT Q/Q Growth		 -27.68% 38.15% 46.23% -6.65% 15.56% -5.74% 22.13% 3.04% -0.87% 11.18%
Net Income Q/Q Growth		 -13.17% 9.19% 20.42% 23.73% -12.80% -1.61% 27.36% 15.53% -0.87% 11.18%
EPS Q/Q Growth		 -18.75% 13.04% 23.38% 21.11% -16.67% -2.52% 25.51% 14.47% -4.74% 5.49%
Operating Cash Flow Q/Q Growth		 10.75% 3.70% 5.72% 6.51% 6.29% -2.43% 8.26% 0.30% 2.78% 5.57%
Free Cash Flow Firm Q/Q Growth		 84.36% -25.28% 13.09% -26.31% 4.06% 790.78% -187.59% 93.89% -26.30% 2.24%
Invested Capital Q/Q Growth		 2.38% 4.26% 1.99% 3.65% 3.10% 0.18% 18.39% 2.32% 5.07% 4.24%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 50.22% 50.69% 57.38% 58.63% 61.02% 64.13% 62.38% 68.12% 62.09% 62.72%
EBIT Margin		 14.26% 19.42% 29.56% 34.05% 39.11% 44.65% 43.80% 54.20% 44.30% 44.02%
Profit (Net Income) Margin		 15.22% 13.98% 40.03% 40.75% 30.13% 37.20% 36.58% 54.20% 44.30% 44.02%
Tax Burden Percent		 100.00% 100.00% 100.00% 182.50% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 106.79% 71.97% 135.38% 65.57% 77.06% 83.30% 83.51% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 1.26% 1.79% 2.89% 3.31% 3.87% 4.72% 4.33% 6.85% 4.53% 4.52%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.54% 0.32% 6.05% 5.56% 0.41% 1.36% 1.41% 6.85% 4.53% 4.52%
Return on Net Nonoperating Assets (RNNOA)		 0.71% 0.16% 2.89% 2.26% 0.14% 0.42% 0.46% 2.38% 1.36% 1.10%
Return on Equity (ROE)		 1.97% 1.96% 5.77% 5.56% 4.02% 5.14% 4.79% 9.24% 5.89% 5.61%
Cash Return on Invested Capital (CROIC)		 -4.75% -7.82% -16.41% -10.49% -12.20% 2.82% -25.98% -0.83% -15.97% -15.05%
Operating Return on Assets (OROA)		 1.23% 1.73% 2.76% 3.14% 3.69% 4.51% 4.13% 6.50% 4.29% 4.25%
Return on Assets (ROA)		 1.31% 1.24% 3.73% 3.76% 2.84% 3.76% 3.45% 6.50% 4.29% 4.25%
Return on Common Equity (ROCE)		 1.85% 1.84% 5.63% 5.56% 4.02% 5.14% 4.79% 9.24% 5.89% 5.61%
Return on Equity Simple (ROE_SIMPLE)		 1.99% 1.86% 5.17% 5.07% 3.66% 5.02% 4.24% 8.88% 5.20% 5.04%
Net Operating Profit after Tax (NOPAT)		 14 21 39 53 72 96 104 198 151 184
NOPAT Margin		 14.26% 19.42% 29.56% 34.05% 39.11% 44.65% 43.80% 54.20% 44.30% 44.02%
Net Nonoperating Expense Percent (NNEP)		 -0.27% 1.48% -3.16% -2.25% 3.47% 3.37% 2.92% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 27.79% 28.03% 27.04% 25.75% 23.99% 22.89% 23.58% 18.86% 23.13% 23.40%
Operating Expenses to Revenue		 85.74% 80.58% 70.44% 65.95% 60.89% 55.35% 56.20% 45.80% 55.70% 55.98%
Earnings before Interest and Taxes (EBIT)		 14 21 39 53 72 96 104 198 151 184
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 48 55 76 91 112 138 149 249 212 263
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.16 1.44 1.59 1.46 2.14 2.31 2.76 1.83 1.78 1.61
Price to Tangible Book Value (P/TBV)		 1.26 1.57 1.72 1.56 2.28 2.44 2.92 1.94 1.88 1.71
Price to Revenue (P/Rev)		 8.28 10.20 12.35 11.76 17.66 17.09 23.81 11.17 15.19 14.07
Price to Earnings (P/E)		 72.47 96.34 33.41 29.04 58.98 46.17 65.32 20.70 34.45 32.11
Dividend Yield		 3.60% 3.20% 2.80% 3.69% 2.10% 2.59% 1.58% 2.76% 3.45% 3.18%
Earnings Yield		 1.38% 1.04% 2.99% 3.44% 1.70% 2.17% 1.53% 4.83% 2.90% 3.11%
Enterprise Value to Invested Capital (EV/IC)		 1.07 1.26 1.38 1.32 1.81 1.96 2.23 1.61 1.57 1.49
Enterprise Value to Revenue (EV/Rev)		 12.47 14.30 15.50 14.51 19.72 18.72 25.97 13.20 16.96 15.99
Enterprise Value to EBITDA (EV/EBITDA)		 24.84 28.21 27.02 24.75 32.31 29.19 41.63 19.38 27.32 25.50
Enterprise Value to EBIT (EV/EBIT)		 87.51 73.63 52.44 42.62 50.42 41.93 59.29 24.36 38.29 36.33
Enterprise Value to NOPAT (EV/NOPAT)		 87.51 73.63 52.44 42.62 50.42 41.93 59.29 24.36 38.29 36.33
Enterprise Value to Operating Cash Flow (EV/OCF)		 28.44 31.41 29.59 29.05 38.36 39.75 46.86 33.68 32.27 28.81
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 70.24 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.52 0.51 0.45 0.37 0.32 0.29 0.35 0.35 0.26 0.22
Long-Term Debt to Equity		 0.52 0.45 0.45 0.36 0.32 0.29 0.35 0.35 0.26 0.20
Financial Leverage		 0.46 0.52 0.48 0.41 0.34 0.31 0.32 0.35 0.30 0.24
Leverage Ratio		 1.50 1.57 1.55 1.48 1.41 1.37 1.39 1.42 1.37 1.32
Compound Leverage Factor		 1.61 1.13 2.10 0.97 1.09 1.14 1.16 1.42 1.37 1.32
Debt to Total Capital		 34.23% 33.85% 31.00% 27.02% 24.47% 22.43% 25.94% 25.69% 20.93% 18.36%
Short-Term Debt to Total Capital		 0.00% 4.20% 0.00% 1.11% 0.00% 0.00% 0.00% 0.00% 0.00% 1.83%
Long-Term Debt to Total Capital		 34.23% 29.65% 31.00% 25.91% 24.47% 22.43% 25.94% 25.69% 20.93% 16.53%
Preferred Equity to Total Capital		 4.13% 3.75% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 61.65% 62.41% 69.00% 72.98% 75.53% 77.57% 74.06% 74.31% 79.07% 81.64%
Debt to EBITDA		 7.92 7.57 6.07 5.07 4.37 3.34 4.84 3.10 3.63 3.13
Net Debt to EBITDA		 7.40 7.24 5.50 4.70 3.37 2.55 3.47 2.98 2.85 3.06
Long-Term Debt to EBITDA		 7.92 6.64 6.07 4.87 4.37 3.34 4.84 3.10 3.63 2.82
Debt to NOPAT		 27.90 19.77 11.77 8.74 6.82 4.79 6.90 3.89 5.09 4.46
Net Debt to NOPAT		 26.06 18.89 10.68 8.09 5.26 3.67 4.94 3.75 4.00 4.36
Long-Term Debt to NOPAT		 27.90 17.32 11.77 8.38 6.82 4.79 6.90 3.89 5.09 4.02
Noncontrolling Interest Sharing Ratio		 6.22% 5.96% 2.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -51 -92 -223 -168 -227 57 -627 -24 -534 -615
Operating Cash Flow to CapEx		 206.66% 115.83% 253.60% 200.80% 157.93% 248.89% 211.32% 155.24% 101.73% 134.61%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.01 -21.54 -29.40
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.00 7.25 11.12
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.14 0.12 2.86
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.09 0.09 0.09 0.09 0.09 0.10 0.09 0.12 0.10 0.10
Fixed Asset Turnover		 0.10 0.10 0.10 0.11 0.11 0.12 0.11 0.14 0.11 0.11
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,115 1,227 1,489 1,710 2,009 2,047 2,779 3,001 3,686 4,486
Invested Capital Turnover		 0.09 0.09 0.10 0.10 0.10 0.11 0.10 0.13 0.10 0.10
Increase / (Decrease) in Invested Capital		 65 113 262 221 299 39 731 222 686 800
Enterprise Value (EV)		 1,196 1,547 2,057 2,254 3,632 4,017 6,195 4,823 5,799 6,703
Market Capitalization		 794 1,104 1,638 1,826 3,253 3,665 5,679 4,080 5,194 5,898
Book Value per Share		 $15.86 $16.50 $18.84 $21.10 $22.64 $23.23 $28.86 $29.31 $34.13 $36.72
Tangible Book Value per Share		 $14.59 $15.15 $17.44 $19.76 $21.32 $21.93 $27.26 $27.69 $32.41 $34.63
Total Capital		 1,115 1,227 1,489 1,710 2,009 2,047 2,779 3,001 3,686 4,486
Total Debt		 381 415 462 462 492 459 721 771 772 823
Total Long-Term Debt		 381 364 462 443 492 459 721 771 772 741
Net Debt		 356 397 419 428 379 351 516 743 605 805
Capital Expenditures (CapEx)		 20 43 27 39 60 41 63 92 177 173
Net Nonoperating Expense (NNE)		 -0.93 5.89 -14 -10 17 16 17 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 381 415 462 462 492 459 721 771 772 823
Total Depreciation and Amortization (D&A)		 34 34 37 38 40 42 44 51 61 78
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.26 $0.26 $0.95 $1.09 $0.86 $1.17 $1.23 $2.61 $1.81 $1.92
Adjusted Weighted Average Basic Shares Outstanding		 43.39M 47.52M 55.47M 61.12M 64.43M 67.76M 70.53M 75.50M 83.17M 95.52M
Adjusted Diluted Earnings per Share		 $0.26 $0.26 $0.95 $1.09 $0.85 $1.16 $1.23 $2.61 $1.81 $1.92
Adjusted Weighted Average Diluted Shares Outstanding		 43.39M 47.52M 55.47M 61.12M 64.72M 68.17M 70.79M 75.59M 83.37M 95.84M
Adjusted Basic & Diluted Earnings per Share		 $0.26 $0.26 $0.95 $1.09 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 42.86M 44.73M 51.36M 57.49M 67.39M 68.65M 75.49M 76.98M 88.00M 99.78M
Normalized Net Operating Profit after Tax (NOPAT)		 13 17 27 37 50 67 73 140 106 129
Normalized NOPAT Margin		 13.42% 15.62% 20.70% 23.89% 27.39% 31.35% 30.71% 38.22% 31.05% 30.82%
Pre Tax Income Margin		 15.22% 13.98% 40.03% 22.33% 30.13% 37.20% 36.58% 54.20% 44.30% 44.02%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.30 6.11 8.82
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.30 6.11 8.82
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.43 -1.02 0.56
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.43 -1.02 0.56
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 213.07% 243.07% 82.62% 81.29% 114.50% 93.71% 96.99% 54.24% 89.70% 94.84%
Augmented Payout Ratio		 216.89% 263.29% 96.18% 92.19% 128.88% 107.22% 104.17% 55.36% 94.02% 99.74%

Quarterly Metrics And Ratios for Terreno Realty

This table displays calculated financial ratios and metrics derived from Terreno Realty's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.96% 20.76% 19.42% -38.63% 10.18% 13.04% 22.22% 7.13% 24.15% 35.06% 30.72%
EBITDA Growth		 10.33% 16.35% 23.80% -51.63% 8.63% 17.82% 29.68% -1.07% 24.23% 40.36% 31.20%
EBIT Growth		 10.21% 15.95% 24.10% -60.57% 5.61% 18.11% 34.50% -11.32% 20.86% 41.21% 33.46%
NOPAT Growth		 10.21% 60.68% 24.10% -60.57% 5.61% -2.25% 34.50% -11.32% 20.86% 32.22% 33.46%
Net Income Growth		 5.05% 82.52% 18.66% -58.52% 35.10% -2.25% 54.55% -11.32% 20.86% 32.22% 33.46%
EPS Growth		 0.00% 75.00% 11.54% -62.50% 20.00% -11.69% 37.93% -22.92% 2.78% 14.71% 17.50%
Operating Cash Flow Growth		 16.77% 1.26% 38.41% 37.98% 16.32% 14.21% 21.23% 32.47% 31.41% 31.43% 30.60%
Free Cash Flow Firm Growth		 -100.71% 76.51% 15.51% 15.41% 2.08% -284.89% -42.35% -46.67% -39.10% -15.21% 53.93%
Invested Capital Growth		 24.95% 7.99% 21.46% 19.45% 19.63% 22.85% 25.08% 23.20% 22.66% 21.69% 9.99%
Revenue Q/Q Growth		 -49.85% 24.93% -31.91% 13.38% -9.98% 28.18% -21.46% -0.62% 4.32% 39.45% -14.64%
EBITDA Q/Q Growth		 -63.35% 33.70% -42.72% 20.83% -17.70% 45.01% -30.18% -7.82% 3.35% 63.84% -23.37%
EBIT Q/Q Growth		 -71.88% 48.02% -53.71% 31.09% -24.69% 65.54% -40.29% -13.57% 2.64% 93.41% -32.09%
NOPAT Q/Q Growth		 -71.88% 105.13% -53.71% 31.09% -24.69% 89.86% -28.25% -13.57% 2.64% 107.71% -36.76%
Net Income Q/Q Growth		 -76.87% 162.40% -60.38% 72.53% -24.69% 89.86% -37.35% -1.01% 2.64% 107.71% -36.76%
EPS Q/Q Growth		 -76.56% 156.67% -62.34% 65.52% -25.00% 88.89% -41.18% -7.50% 0.00% 110.81% -39.74%
Operating Cash Flow Q/Q Growth		 30.11% -25.33% 13.48% 25.16% 9.68% -26.68% 20.46% 36.76% 8.80% -26.67% 19.69%
Free Cash Flow Firm Q/Q Growth		 8.79% 70.70% -262.86% 8.58% -5.57% -15.16% -28.07% 5.81% -0.12% 4.62% 48.45%
Invested Capital Q/Q Growth		 2.45% 2.32% 12.34% 1.44% 2.60% 5.07% 14.38% -0.09% 2.16% 4.24% 3.38%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 58.95% 63.09% 59.66% 63.58% 58.12% 65.76% 63.30% 58.71% 58.16% 68.34% 61.35%
EBIT Margin		 40.44% 47.91% 40.08% 46.34% 38.77% 50.06% 44.11% 38.36% 37.74% 52.34% 41.65%
Profit (Net Income) Margin		 31.61% 66.40% 30.45% 46.34% 38.77% 57.42% 38.51% 38.36% 37.74% 56.21% 41.65%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 78.17% 138.58% 75.98% 100.00% 100.00% 114.70% 87.31% 100.00% 100.00% 107.39% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 5.36% 8.40% 5.24% 5.12% 4.26% 5.87% 4.46% 3.92% 3.95% 5.77% 4.20%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.45% 8.40% 4.25% 5.12% 4.26% 5.87% 3.78% 3.92% 3.95% 5.77% 4.20%
Return on Net Nonoperating Assets (RNNOA)		 1.57% 2.92% 1.36% 1.61% 1.35% 1.76% 0.97% 0.99% 0.90% 1.40% 0.87%
Return on Equity (ROE)		 6.93% 11.32% 6.60% 6.73% 5.62% 7.63% 5.43% 4.91% 4.85% 7.17% 5.06%
Cash Return on Invested Capital (CROIC)		 -14.90% -0.83% -11.97% -13.11% -13.13% -15.97% -17.36% -16.60% -16.11% -15.05% -5.07%
Operating Return on Assets (OROA)		 5.07% 5.75% 4.95% 4.82% 4.01% 4.84% 4.22% 3.69% 3.71% 5.06% 3.98%
Return on Assets (ROA)		 3.97% 7.97% 3.76% 4.82% 4.01% 5.55% 3.69% 3.69% 3.71% 5.43% 3.98%
Return on Common Equity (ROCE)		 6.93% 11.32% 6.60% 6.73% 5.62% 7.63% 5.43% 4.91% 4.85% 7.17% 5.06%
Return on Equity Simple (ROE_SIMPLE)		 7.96% 0.00% 7.76% 5.47% 5.58% 0.00% 4.77% 4.64% 4.57% 0.00% 5.05%
Net Operating Profit after Tax (NOPAT)		 29 59 31 40 30 58 41 36 37 76 48
NOPAT Margin		 40.44% 66.40% 40.08% 46.34% 38.77% 57.42% 44.11% 38.36% 37.74% 56.21% 41.65%
Net Nonoperating Expense Percent (NNEP)		 0.91% 0.00% 0.99% 0.00% 0.00% 0.00% 0.68% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 24.15% 21.52% 23.99% 21.40% 26.18% 21.60% 22.31% 25.55% 26.37% 20.56% 24.89%
Operating Expenses to Revenue		 59.56% 52.09% 59.92% 53.66% 61.23% 49.94% 55.90% 61.64% 62.26% 47.66% 58.35%
Earnings before Interest and Taxes (EBIT)		 29 42 31 40 30 50 41 36 37 71 48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 42 56 46 55 45 66 59 55 56 93 71
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.77 1.83 1.84 1.83 1.69 1.78 1.63 1.66 1.78 1.61 1.62
Price to Tangible Book Value (P/TBV)		 1.88 1.94 1.95 1.94 1.78 1.88 1.71 1.75 1.87 1.71 1.71
Price to Revenue (P/Rev)		 10.87 11.17 11.93 13.99 13.07 15.19 14.66 14.68 15.84 14.07 14.13
Price to Earnings (P/E)		 22.30 20.70 23.87 33.67 30.43 34.45 34.43 36.02 39.20 32.11 32.23
Dividend Yield		 2.82% 2.76% 2.47% 2.74% 2.99% 3.45% 2.66% 3.04% 2.75% 3.18% 3.04%
Earnings Yield		 4.48% 4.83% 4.19% 2.97% 3.29% 2.90% 2.90% 2.78% 2.55% 3.11% 3.10%
Enterprise Value to Invested Capital (EV/IC)		 1.56 1.61 1.65 1.63 1.51 1.57 1.36 1.50 1.60 1.49 1.49
Enterprise Value to Revenue (EV/Rev)		 13.07 13.20 13.82 16.04 14.96 16.96 14.95 16.19 16.89 15.99 15.44
Enterprise Value to EBITDA (EV/EBITDA)		 18.99 19.38 19.71 25.01 23.43 27.32 22.89 25.24 26.44 25.50 24.64
Enterprise Value to EBIT (EV/EBIT)		 23.81 24.36 24.36 33.54 31.61 38.29 30.71 34.63 36.60 36.33 35.07
Enterprise Value to NOPAT (EV/NOPAT)		 23.81 24.36 24.36 38.42 34.68 38.29 30.71 39.55 41.60 36.33 35.07
Enterprise Value to Operating Cash Flow (EV/OCF)		 32.05 33.68 36.04 33.27 30.31 32.27 30.53 30.99 31.32 28.81 27.90
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.36 0.35 0.30 0.29 0.28 0.26 0.22 0.22 0.19 0.22 0.19
Long-Term Debt to Equity		 0.36 0.35 0.30 0.29 0.28 0.26 0.22 0.22 0.19 0.20 0.19
Financial Leverage		 0.35 0.35 0.32 0.31 0.32 0.30 0.26 0.25 0.23 0.24 0.21
Leverage Ratio		 1.43 1.42 1.40 1.40 1.40 1.37 1.33 1.33 1.31 1.32 1.27
Compound Leverage Factor		 1.12 1.97 1.06 1.40 1.40 1.58 1.16 1.33 1.31 1.42 1.27
Debt to Total Capital		 26.62% 25.69% 22.87% 22.55% 21.99% 20.93% 18.30% 18.33% 15.62% 18.36% 16.00%
Short-Term Debt to Total Capital		 0.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.83% 0.00%
Long-Term Debt to Total Capital		 26.28% 25.69% 22.87% 22.55% 21.99% 20.93% 18.30% 18.33% 15.62% 16.53% 16.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 73.38% 74.31% 77.13% 77.45% 78.01% 79.07% 81.70% 81.67% 84.38% 81.64% 84.00%
Debt to EBITDA		 3.24 3.10 2.74 3.46 3.41 3.63 3.08 3.09 2.57 3.13 2.65
Net Debt to EBITDA		 3.19 2.98 2.69 3.20 2.97 2.85 0.44 2.36 1.64 3.06 2.09
Long-Term Debt to EBITDA		 3.20 3.10 2.74 3.46 3.41 3.63 3.08 3.09 2.57 2.82 2.65
Debt to NOPAT		 4.06 3.89 3.38 5.32 5.05 5.09 4.13 4.84 4.05 4.46 3.77
Net Debt to NOPAT		 4.00 3.75 3.32 4.91 4.39 4.00 0.60 3.69 2.58 4.36 2.98
Long-Term Debt to NOPAT		 4.01 3.89 3.38 5.32 5.05 5.09 4.13 4.84 4.05 4.02 3.77
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -557 -163 -565 -517 -545 -628 -804 -758 -758 -723 -373
Operating Cash Flow to CapEx		 170.31% 207.92% 170.43% 160.71% 90.68% 60.17% 117.31% 133.29% 138.81% 150.61% 128.32%
Free Cash Flow to Firm to Interest Expense		 0.00 -6.84 0.00 -87.54 -93.79 -48.00 0.00 -137.24 -154.79 -68.90 -47.05
Operating Cash Flow to Interest Expense		 0.00 1.43 0.00 8.23 9.16 2.99 0.00 11.65 14.28 4.89 7.75
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.74 0.00 3.11 -0.94 -1.98 0.00 2.91 3.99 1.64 1.71
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.13 0.12 0.12 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Fixed Asset Turnover		 0.14 0.14 0.14 0.12 0.12 0.11 0.12 0.11 0.12 0.11 0.12
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,933 3,001 3,371 3,419 3,508 3,686 4,216 4,213 4,303 4,486 4,637
Invested Capital Turnover		 0.13 0.13 0.13 0.11 0.11 0.10 0.10 0.10 0.10 0.10 0.10
Increase / (Decrease) in Invested Capital		 586 222 596 557 576 686 846 793 795 800 421
Enterprise Value (EV)		 4,576 4,823 5,550 5,567 5,299 5,799 5,738 6,312 6,904 6,703 6,893
Market Capitalization		 3,806 4,080 4,793 4,856 4,628 5,194 5,626 5,723 6,476 5,898 6,308
Book Value per Share		 $28.49 $29.31 $33.77 $31.81 $32.62 $34.13 $38.76 $35.58 $37.47 $36.72 $39.04
Tangible Book Value per Share		 $26.82 $27.69 $31.96 $30.12 $30.97 $32.41 $37.10 $33.74 $35.65 $34.63 $36.93
Total Capital		 2,933 3,001 3,371 3,419 3,508 3,686 4,216 4,213 4,303 4,486 4,637
Total Debt		 781 771 771 771 771 772 772 772 672 823 742
Total Long-Term Debt		 771 771 771 771 771 772 772 772 672 741 742
Net Debt		 770 743 757 711 671 605 111 590 428 805 585
Capital Expenditures (CapEx)		 27 16 23 30 59 65 40 48 50 34 48
Net Nonoperating Expense (NNE)		 6.27 0.00 7.38 0.00 0.00 0.00 5.24 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 781 771 771 771 771 772 772 772 672 823 742
Total Depreciation and Amortization (D&A)		 13 13 15 15 15 16 18 19 20 22 23
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.30 $0.77 $0.29 $0.48 $0.36 $0.68 $0.40 $0.37 $0.37 $0.78 $0.48
Adjusted Weighted Average Basic Shares Outstanding		 75.50M 75.50M 79.90M 83.12M 84.04M 83.17M 88.87M 96.29M 97.56M 95.52M 100.77M
Adjusted Diluted Earnings per Share		 $0.30 $0.77 $0.29 $0.48 $0.36 $0.68 $0.40 $0.37 $0.37 $0.78 $0.47
Adjusted Weighted Average Diluted Shares Outstanding		 75.59M 75.59M 80.34M 83.12M 84.27M 83.37M 89.44M 96.41M 97.87M 95.84M 101.05M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 76.07M 76.98M 83.26M 83.91M 85.39M 88.00M 96.70M 96.90M 99.74M 99.78M 103.32M
Normalized Net Operating Profit after Tax (NOPAT)		 20 41 22 28 21 40 29 25 26 53 34
Normalized NOPAT Margin		 28.34% 46.78% 28.10% 32.46% 27.18% 40.26% 30.87% 26.88% 26.43% 39.36% 29.15%
Pre Tax Income Margin		 31.61% 66.40% 30.45% 46.34% 38.77% 57.42% 38.51% 38.36% 37.74% 56.21% 41.65%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 1.78 0.00 6.82 5.21 3.84 0.00 6.47 7.48 6.75 6.07
NOPAT to Interest Expense		 0.00 2.47 0.00 6.82 5.21 4.40 0.00 6.47 7.48 7.25 6.07
EBIT Less CapEx to Interest Expense		 0.00 1.09 0.00 1.70 -4.89 -1.13 0.00 -2.28 -2.81 3.50 0.03
NOPAT Less CapEx to Interest Expense		 0.00 1.78 0.00 1.70 -4.89 -0.56 0.00 -2.28 -2.81 4.00 0.03
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 59.06% 54.24% 55.80% 82.84% 83.69% 89.70% 87.80% 96.79% 99.14% 94.84% 94.01%
Augmented Payout Ratio		 61.88% 55.36% 57.45% 85.43% 86.94% 94.02% 92.92% 101.92% 105.98% 99.74% 99.59%

Key Financial Trends

Terreno Realty reported strong first-quarter 2025 results, highlighted by double‐digit growth in net income and EBITDA. The company continues to generate healthy operating cash flow and maintains a dividend yield above 3%. However, heavy capital spending has driven free cash flow negative and compressed margins.

  • Q1 2025 net income of $48.13 million, up 33.5% year-over-year, reflecting strong profit growth.
  • EBITDA rose to $70.9 million in Q1 2025, a 31.2% increase versus Q1 2024, indicating operational strength.
  • Operating cash flow reached $61.4 million in Q1 2025, up 19.7% year-over-year, showcasing solid cash generation.
  • Dividend yield of approximately 3.04% in Q1 2025, supported by consistent quarterly payouts.
  • Net debt to EBITDA improved to 2.09× in Q1 2025 from 3.06× at year-end 2024, reflecting some debt reduction.
  • Shares trade at about 32.2× trailing P/E and 24.6× EV/EBITDA as of Q1 2025, in line with historical ranges.
  • Free cash flow to firm was negative $372.96 million in Q1 2025 due to heavy capital investments.
  • Capital expenditures totaled $47.87 million in Q1 2025, up from $34.08 million in Q4 2024, pressuring cash flow.
  • Quarter-over-quarter EPS declined 39.7% in Q1 2025, impacted by flat revenue and rising interest expense.
  • Normalized NOPAT margin contracted to 29.15% in Q1 2025 from 39.36% in Q4 2024, indicating margin compression.
06/20/25 09:57 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Terreno Realty's Financials

When does Terreno Realty's financial year end?

According to the most recent income statement we have on file, Terreno Realty's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Terreno Realty's net income changed over the last 9 years?

Terreno Realty's net income appears to be on an upward trend, with a most recent value of $184.50 million in 2024, rising from $14.60 million in 2015. The previous period was $151.46 million in 2023. See Terreno Realty's forecast for analyst expectations on what’s next for the company.

How has Terreno Realty's revenue changed over the last 9 years?

Over the last 9 years, Terreno Realty's total revenue changed from $95.91 million in 2015 to $419.16 million in 2024, a change of 337.0%.

How much debt does Terreno Realty have?

Terreno Realty's total liabilities were at $1.11 billion at the end of 2024, a 11.9% increase from 2023, and a 164.4% increase since 2015.

How much cash does Terreno Realty have?

In the past 9 years, Terreno Realty's cash and equivalents has ranged from $14.21 million in 2016 to $204.40 million in 2021, and is currently $18.07 million as of their latest financial filing in 2024.

How has Terreno Realty's book value per share changed over the last 9 years?

Over the last 9 years, Terreno Realty's book value per share changed from 15.86 in 2015 to 36.72 in 2024, a change of 131.5%.


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This page (NYSE:TRNO) was last updated on 6/20/2025 by MarketBeat.com Staff
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