Terreno Realty (TRNO)

Real Estate · REIT - Industrial
$64.23 -0.31% on the day Market cap $6.8B 52-week range $55.92 to $78.94 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Terreno Realty's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from TRNO's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation5
Profitability7
Growth2
Financial health7

Key numbers

P/E (trailing)15.6x
P/E (forward)77.5x
Price / free cash flow32.5x
EV / EBITDA13.2x
Price / sales13.5x
Price / book1.55x
Revenue growth+11.1%
Operating margin41.4%
Net margin77.3%
Return on equity8.8%
Dividend yield3.3%
Debt / equity0.29x

Results from SEC filings

Fiscal years, from Terreno Realty's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$222M$276M$324M$383M$476M
Net income$87M$198M$151M$184M$403M
Free cash flow—————
EPS (diluted)$1.23$2.61$1.81$1.92$3.91
Operating margin39.6%39.4%41.1%38.7%40.3%

Superinvestors who own TRNO

From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Added $6M0.00%Q2 2026
Ron Baron
Baron Capital (BAMCO)
Held $4M0.01%Q2 2026

Insider buying

Open-market purchases by Terreno Realty's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of TRNO in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Terreno Realty insiders buying the stock?

No open-market insider purchases of TRNO in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Terreno Realty?

2 of the superinvestors Investingly tracks hold TRNO in their latest 13F, including Cliff Asness, Ron Baron.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.