Terreno Realty (TRNO) financial statements
Terreno Realty reported revenue of $476M in fiscal 2025, up 17.9% a year over 9 years.
Net income was $403M and the operating margin 40.3%, against 19.6% in 2016.
The diluted share count rose 130% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Terreno Realty's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $108M | $132M | $152M | $171M | $187M | $222M | $276M | $324M | $383M | $476M |
| Selling, general and admin | $19M | $20M | $22M | $24M | $23M | $27M | $31M | $38M | $43M | $47M |
| Operating income | $21M | $39M | $49M | $59M | $68M | $88M | $109M | $133M | $148M | $192M |
| Interest expense | $13M | $17M | $18M | $16M | $16M | $18M | $24M | $25M | $21M | $33M |
| Net income | $15M | $53M | $63M | $56M | $80M | $87M | $198M | $151M | $184M | $403M |
| EPS (diluted) | $0.26 | $0.95 | $1.09 | $0.85 | $1.16 | $1.23 | $2.61 | $1.81 | $1.92 | $3.91 |
| Diluted shares | 45M | 51M | 57M | 65M | 68M | 71M | 76M | 83M | 96M | 103M |
| Operating margin | 19.6% | 29.5% | 32.5% | 34.4% | 36.5% | 39.6% | 39.4% | 41.1% | 38.7% | 40.3% |
| Net margin | 13.9% | 40.1% | 41.7% | 32.5% | 42.7% | 39.3% | 71.7% | 46.8% | 48.2% | 84.6% |
Balance sheet
Fiscal years, from Terreno Realty's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $14M | $36M | $31M | $110M | $107M | $204M | $26M | $165M | $18M | $25M |
| Total assets | $1.3B | $1.6B | $1.8B | $2.1B | $2.1B | $2.9B | $3.2B | $3.9B | $4.8B | $5.4B |
| Total liabilities | $467M | $540M | $549M | $591M | $552M | $866M | $935M | $990M | $1.1B | $1.2B |
| Shareholders' equity | $812M | $1.0B | $1.2B | $1.5B | $1.6B | $2.1B | $2.2B | $2.9B | $3.7B | $4.1B |
| Net debt | -$14M | -$36M | -$31M | -$110M | -$107M | -$204M | -$26M | -$165M | -$18M | -$25M |
Cash flow
Fiscal years, from Terreno Realty's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $49M | $69M | $78M | $95M | $101M | $132M | $143M | $180M | $233M | $272M |
| Stock-based compensation | $9M | $9M | $9M | $11M | $10M | $10M | $10M | $13M | $15M | $18M |
| Dividends paid | $33M | $42M | $51M | $64M | $75M | $85M | $107M | $136M | $175M | $204M |
| Share buybacks (net) | -$2M | -$3M | -$4M | -$4M | -$10M | -$582,000 | -$1M | -$2M | -$3M | -$3M |
| Net borrowing | -$50M | $0 | $0 | — | — | — | — | — | — | — |
| Dividends per share | $0.74 | $0.82 | $0.89 | $0.98 | $1.10 | $1.20 | $1.42 | $1.63 | $1.83 | $1.98 |
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What was Terreno Realty's revenue in 2025?
$476M in fiscal 2025, from its 10-K filing.
From Terreno Realty's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.