Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S.
Second-rate dividend payer with limited growth.
Share Price & News
How has Terreno Realty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRNO's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TRNO exceeded the US REITs industry which returned -27.1% over the past year.
Return vs Market: TRNO exceeded the US Market which returned -15.9% over the past year.
Price Volatility Vs. Market
How volatile is Terreno Realty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StIs Terreno Realty's (NYSE:TRNO) 166% Share Price Increase Well Justified?
2 months ago | Simply Wall StHave Insiders Been Buying Terreno Realty Corporation (NYSE:TRNO) Shares This Year?
2 months ago | Simply Wall StRead This Before Judging Terreno Realty Corporation's (NYSE:TRNO) ROE
Is Terreno Realty undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRNO ($47.46) is trading above our estimate of fair value ($40.83)
Significantly Below Fair Value: TRNO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRNO is poor value based on its PE Ratio (55.4x) compared to the REITs industry average (22.5x).
PE vs Market: TRNO is poor value based on its PE Ratio (55.4x) compared to the US market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: TRNO is poor value based on its PEG Ratio (6.8x)
Price to Book Ratio
PB vs Industry: TRNO is overvalued based on its PB Ratio (2.1x) compared to the US REITs industry average (1.1x).
How is Terreno Realty forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRNO's forecast earnings growth (8.2% per year) is above the savings rate (1.7%).
Earnings vs Market: TRNO's earnings (8.2% per year) are forecast to grow slower than the US market (13.4% per year).
High Growth Earnings: TRNO's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRNO's revenue (9.5% per year) is forecast to grow faster than the US market (7% per year).
High Growth Revenue: TRNO's revenue (9.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TRNO's Return on Equity is forecast to be high in 3 years time
How has Terreno Realty performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRNO has high quality earnings.
Growing Profit Margin: TRNO's current net profit margins (32.3%) are lower than last year (41.5%).
Past Earnings Growth Analysis
Earnings Trend: TRNO's earnings have grown significantly by 41.9% per year over the past 5 years.
Accelerating Growth: TRNO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRNO had negative earnings growth (-12.3%) over the past year, making it difficult to compare to the REITs industry average (4.3%).
Return on Equity
High ROE: TRNO's Return on Equity (3.7%) is considered low.
How is Terreno Realty's financial position?
Financial Position Analysis
Short Term Liabilities: TRNO's short term assets ($156.3M) exceed its short term liabilities ($45.3M).
Long Term Liabilities: TRNO's short term assets ($156.3M) do not cover its long term liabilities ($546.1M).
Debt to Equity History and Analysis
Debt Level: TRNO's debt to equity ratio (32.4%) is considered satisfactory.
Reducing Debt: TRNO's debt to equity ratio has reduced from 40.5% to 32.4% over the past 5 years.
Debt Coverage: TRNO's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: TRNO's interest payments on its debt are well covered by EBIT (4.7x coverage).
What is Terreno Realty's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRNO's dividend (2.28%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: TRNO's dividend (2.28%) is low compared to the top 25% of dividend payers in the US market (5.82%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TRNO has been paying a dividend for less than 10 years.
Growing Dividend: TRNO's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71%), TRNO's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRNO's dividends in 3 years are forecast to be thoroughly covered by earnings (1.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
W. Baird (58yo)
Mr. W. Blake Baird has been Chief Executive Officer, Chairman and Co-Founder of Terreno Realty Corporation since February 2010. Prior to co-founding Terreno Realty Corporation, Mr. Baird served as the Pres ...
CEO Compensation Analysis
Compensation vs Market: W.'s total compensation ($USD3.22M) is below average for companies of similar size in the US market ($USD5.71M).
Compensation vs Earnings: W.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive VP||6.92yrs||US$1.81m||0.13% $4.5m|
|Executive Vice President||4.67yrs||US$1.81m||0.15% $5.2m|
|Executive Vice President||4.67yrs||US$1.81m||0.12% $4.3m|
Experienced Management: TRNO's management team is seasoned and experienced (6.9 years average tenure).
|Independent Director||10.17yrs||US$140.02k||0.063% $2.2m|
|Lead Director||10.17yrs||US$140.02k||0.14% $5.1m|
|Independent Director||10.17yrs||US$140.02k||0.069% $2.4m|
|Independent Director||1.92yrs||US$140.02k||0.015% $534.1k|
|Independent Director||1.17yrs||US$136.68k||0.011% $380.8k|
Experienced Board: TRNO's board of directors are seasoned and experienced ( 10.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.1%.
Terreno Realty Corporation's company bio, employee growth, exchange listings and data sources
- Name: Terreno Realty Corporation
- Ticker: TRNO
- Exchange: NYSE
- Founded: 2009
- Industry: Industrial REITs
- Sector: Real Estate
- Market Cap: US$3.532b
- Shares outstanding: 67.18m
- Website: https://www.terreno.com
Number of Employees
- Terreno Realty Corporation
- 101 Montgomery Street
- Suite 200
- San Francisco
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRNO||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Feb 2010|
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 02:49|
|End of Day Share Price||2020/04/08 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.