TRNO

Based on Terreno Realty Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

What does Terreno Realty Corporation do?

Terreno Realty acquires, owns, and operates industrial real estate — primarily warehouses and distribution buildings — in six major coastal U.S. markets. These include Los Angeles, the San Francisco Bay Area, Seattle, Northern New Jersey/New York City, Miami, and Washington, D.C. The company leases space to tenants who need proximity to dense population centers and major ports.

Does TRNO pay dividends?

Yes, Terreno pays a regular dividend. As a REIT, the company is required to distribute the majority of its taxable income to shareholders. The dividend is a core part of the investment case for income-focused investors. Check Terreno's investor relations page for the current dividend rate and payment schedule.

When does TRNO report earnings?

Terreno Realty reports on a quarterly cadence, consistent with U.S.-listed REITs. The company typically discusses occupancy, leasing activity, and portfolio updates each quarter. For exact upcoming report dates, refer to Terreno's investor relations page.

Is TRNO a good stock to buy?

UQS Score rates TRNO as Below Average overall. The Quality pillar is a relative strength, while the Moat pillar is Weak. Growth and Risk are both Neutral. Whether TRNO fits a portfolio depends on individual goals — the full pillar breakdown is available to UQS Pro members.

Is TRNO overvalued?

TRNO's Valuation pillar is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. Coastal industrial REITs often carry premium pricing due to supply constraints in their target markets. The complete valuation metrics are available in the Pro analysis.

How does TRNO compare to its competitors?

Terreno's coastal-only focus differentiates it from peers like STAG Industrial, which targets secondary markets, and First Industrial, which operates nationally. Lineage operates in temperature-controlled logistics, a different niche entirely. Terreno's concentrated strategy can be a strength in tight markets but limits diversification.

What is TRNO's market cap bracket?

Terreno Realty is classified as a mid-cap company. This places it smaller than industrial REIT giants but large enough to have an established portfolio and institutional investor following. Mid-cap REITs can offer a balance between growth potential and operational maturity.

Who founded Terreno Realty Corporation?

Terreno Realty was founded in 2010. Founding details and executive history are publicly available through the company's official filings and investor relations materials for those seeking background on its leadership origins.

Is TRNO a long-term quality investment?

As a long-term quality indicator, TRNO's Below Average UQS Score — driven by a Weak Moat — suggests caution. The Quality pillar is a positive signal, but sustaining competitive advantages in coastal industrial real estate over many years depends on continued supply constraints and disciplined capital allocation. Pro members can view the full long-term quality breakdown.

What is the main competitive advantage of Terreno Realty?

Terreno's primary strategic edge is its deliberate focus on coastal, supply-constrained markets where new industrial development is difficult. High land costs and regulatory barriers in cities like Los Angeles and New York can limit new competition. However, the UQS Moat pillar rates this advantage as Weak, indicating it may not be as durable as it appears.

Terreno Realty Corporation currently shows below-average quality metrics, suggesting challenges with profitability.

Terreno Realty Corporation faces growth headwinds with declining or stagnant revenue trends.

Terreno Realty Corporation presents elevated risk with concerns around leverage or financial stability.

Terreno Realty Corporation appears expensively valued relative to its fundamentals and growth prospects.

Terreno Realty Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for TRNO.

The UQS (Unified Quality Score) for Terreno Realty Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Terreno Realty Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Terreno Realty Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.