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 Market Mastery | Terreno Realty's strategic focus on six major U.S. coastal markets drives its resilience in the industrial real estate sector, capitalizing on high-demand areas |
Financial Fortitude | Explore Terreno's robust financial performance, with revenue growth of 18.24% and a strong balance sheet, positioning it for continued success in the REIT space |
Growth Amid Challenges | Delve into Terreno's aggressive acquisition strategy and development pipeline, showcasing its ability to identify value-add opportunities despite market normalization |
Analyst Outlook | Discover varied analyst perspectives on Terreno, with price targets ranging from $58 to $80, reflecting confidence in the company's strategic positioning and growth potential |
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 | 22.3x | 14.1x | 8.9x | |
PEG Ratio | 0.54 | −0.61 | 0.01 | |
Price/Book | 1.4x | 1.2x | 0.9x | |
Price / LTM Sales | 13.2x | 4.1x | 3.9x | |
Upside (Analyst Target) | 14.8% | 16.4% | 12.3% | |
Fair Value Upside | Unlock | 7.0% | −0.2% | Unlock |