Terreno Realty stock
TRNONYSETerreno Realty Corporation, Real EstateISIN US88146M1018
64Score 64 out of 100, Neutral
Price and trend
67 / 100
Price history
+8.8% in one yearThe chart shows daily closes over 17 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 2.0% above it.
Since October 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 58).
The price is 10% below its 52-week high. Largest decline in 17 years: 43% (April 2010 to November 2011).
Chart figures for advanced users
- SMA 50$65.55
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$66.00
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)58
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$58.71
- The lowest closing price of the last twelve months.
- Resistance$75.08
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Terreno Realty Corporation belongs to the REIT (Industrial) industry (United States) and, with a market value of $7.39B, is number 8 of 17 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $476.38M (up 24.5% year on year) and earnings of $402.99M (up 118.4%).
- For fiscal 2026, analysts expect on average revenue of $512.72M (up 7.6%) and adjusted earnings per share of $2.18 (down 32.2%).
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- MEQIRI Score 64 out of 100 (Neutral): rank 49 of 327 in Real Estate, median 55.
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $49.12, with the price 37% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High marginNet margin 68.1% over the last 12 months, REIT (Industrial) median 32.9%.Profitability 66
- Earnings per share growingUp 35.5% a year since 2020.Growth 94
- Reliable dividendNo dividend cut for 15 years.
Weaknesses
- DilutionShare count up 51% since 2020.Capital allocation 32
- Analysts expect falling earningsDown 18.6% a year through 2027 (estimates from 3 analysts).
- Above fair valuePrice 37% above the fair value of $49.12.Valuation 31
Its standout strengths are growth and stability, while capital allocation and valuation hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 66 to 64.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high growth grade (crashed more often in the backtest)
What lowers it
- calm price action
Valuation
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $40.93 and expensive above $61.40 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $49.20 (cash-flow model) and $49.04 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $44.97, at 7.8% it would be $55.34.
Valuation metrics
Half from the cash-flow model, half from FFO per share times the median price to FFO of the REIT industry (17.3). For REITs, depreciation on buildings depresses earnings, so FFO counts instead of earnings, here following the industry rule (Nareit) from the filings with the SEC: gains on property sales are deducted where the company reports them in the standard items. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 8% of revenue, and less preferred dividends. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 17.2% on the twelve months before. Revenue has grown strongly since 2010, at around 37% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 76%, operating 40%, net 85%. Last 12 months: net 68%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 3 Feb 2027in 83 days
- Last reported
- 4 Nov 2026EPS reported $0.62 (expected $0.62)in line with expectations
Analyst estimates
- Earnings per share
- $2.18+3.2%
- Revenue
- $512.72M+0.2%
- Earnings per share
- $1.82−2.6%
- Revenue
- $574.69M+0.6%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 3 insiders sold, $1.1M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Terreno Realty
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 64
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Industrial)
The next larger and next smaller companies by market value
- EastGroup PropertiesEGP $10.64B62
- CubeSmartCUBE $10.13B66
- Rexford Industrial RealtyREXR $8.24B56
- LineageLINE $8.06B40
- First Industrial Realty TrustFR $7.33B60
- STAG IndustrialSTAG $7.16B62
- Warehouses De PauwWDP.BR $5.74B58
- Americold Realty TrustCOLD $4.62B55
ETFs that hold Terreno Realty
Held by 20 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| UBS FTSE EPRA Nareit Developed Green UCITS ETF USD disCSYZ | 1.07% | 0.25% | €207.23M |
| iShares US Property Yield UCITS ETFIQQ7 | 0.61% | 0.40% | €554.91M |
| State Street SPDR Dow Jones Global Real Estate UCITS ETF (Dist)SPYJ | 0.44% | 0.40% | €329.7M |
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| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.41% | 0.30% | €2.28B |
| iShares Developed Markets Property Yield UCITS ETFIQQ6 | 0.41% | 0.59% | €812.71M |
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.40% | 0.30% | €185.82M |
| HSBC FTSE EPRA NAREIT Developed UCITS ETFH4ZL | 0.35% | 0.24% | €3.36B |
| Amundi FTSE EPRA NAREIT Global UCITS ETF Dist10AJ | 0.35% | 0.24% | €603.52M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 2 Oct 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.