Terreno Realty Corporation (“Terreno”, and together with its subsidiaries, the “Company”) acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited. As of March 31, 2025, the Company owned 298 buildings aggregating approximately 19.3 million square feet, 47 improved land parcels consisting of approximately 150.6 acres, five properties under development or redevelopment and approximately 22.4 acres of land for future development. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), commencing with its taxable year ended December 31, 2010.
Coastal Focus | Terreno Realty's strategic concentration on six major coastal markets positions it for long-term growth, capitalizing on high barriers to entry and strong demand drivers. |
Financial Resilience | With low leverage and a strong balance sheet, TRNO maintains financial flexibility, allowing it to weather market volatility and pursue attractive investment opportunities. |
Market Dynamics | Explore how TRNO navigates shifting industrial real estate trends, including e-commerce growth and regional supply-demand imbalances across its portfolio. |
Analyst Outlook | Price targets range from $56 to $72, reflecting varied perspectives on TRNO's growth potential and market positioning in the industrial REIT sector. |
Metrics to compare | TRNO | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipTRNOPeersSector | |
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P/E Ratio | 22.7x | 14.7x | 8.8x | |
PEG Ratio | 0.55 | −0.62 | 0.01 | |
Price/Book | 1.5x | 1.2x | 0.9x | |
Price / LTM Sales | 13.5x | 4.0x | 4.0x | |
Upside (Analyst Target) | 11.8% | 17.1% | 11.9% | |
Fair Value Upside | Unlock | 3.4% | −0.4% | Unlock |