Terreno Realty Corporation (TRNO)
Real Estate · NYQ
Price as at 1 Oct 2026, 02:56 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Terreno Realty Corporation trades at $64.55, which is 147% below the $159.39 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 78 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 17.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
TRNO dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.61 | 3 |
| 2025 | $2.02 | 4 |
| 2024 | $1.88 | 4 |
| 2023 | $1.70 | 4 |
| 2022 | $1.48 | 4 |
| 2021 | $1.26 | 4 |
| 2020 | $1.12 | 4 |
| 2019 | $1.02 | 4 |
| 2018 | $0.920 | 4 |
| 2017 | $0.840 | 4 |
| 2016 | $0.760 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
TRNO earnings and analyst estimates
Recommendation mix, 19 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Terreno Realty Corporation
Terreno Realty Corporation an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets. The firm announced today that it has executed new renewal leases totaling 233,000 square feet at Countyline Corporate Park Phase III in Hialeah, Florida. Countyline Corporate Park Buildings 26 and 28 total 422,000 square feet and are currently 100% leased to six tenants with 83,000 square feet expiring April 2027. To facilitate the new leases, Terreno Realty Corporation has executed an early termination effective July 31, 2026, with the tenant that was to expire April 2027. A provider of turbine engine disassembly, repair, logistics and storage services will relocate from 106,000 square feet in Building 28 expiring April 2030 to 83,000 square feet in Building 26. The lease will commence August 1, 2026, and expire March 2035. Terreno Realty Corporation has executed an early renewal and expansion lease with a global wholesale packaging provider in Building 28. The early renewal for 43,000 square feet will commence October 1, 2027, and expire January 2035. The expansion lease for 106,000 square feet is expected to commence November 1, 2026, and will expire in January 2035. After commencement of the new leases Countyline Corporate Park Buildings 26 and 28 will be 100% leased to five tenants. Terreno Realty Corporation 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. Terreno Realty Corporation was incorporated on 6th November 2009 and is based in Bellevue, United States.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
TRNO passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
8 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$80.91M · 0.1% of book
- Paul Tudor Jones, TUDOR INVESTMENT CORP ET AL$28.05M · 0.0% of book
- Marshall Wace, MARSHALL WACE, LLP$8.94M · 0.0% of book
- Impax Asset Management, Impax Asset Management Group plc$7.77M · 0.1% of book
- Christopher Davis, DAVIS SELECTED ADVISERS$7.19M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in TRNO
We hold 16 disclosed trades in TRNO by members of Congress and executive-branch officials. The latest 5:
- Donald J Trump · Executive branchBuy · $1,001 - $15,000 · traded 15 Jun 2026 · disclosed 22 Aug 2026
- Donald Sternoff Beyer Jr · HouseSell · $15,001 - $50,000 · traded 28 Feb 2022 · disclosed 3 Mar 2022
- Donald Sternoff Beyer Jr · HouseBuy · $1,001 - $15,000 · traded 31 Jan 2022 · disclosed 1 Feb 2022
- Donald Sternoff Beyer Jr · HouseBuy · $1,001 - $15,000 · traded 10 Jan 2022 · disclosed 1 Feb 2022
- Donald Sternoff Beyer Jr · HouseSell · $1,001 - $15,000 · traded 8 Oct 2020 · disclosed 5 Nov 2020
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
TRNO peers
The largest companies in the same industry (REIT - Industrial), then in the same sector.
- EXR Extra Space Storage Inc.
- EGP EastGroup Properties, Inc.
- REXR Rexford Industrial Realty, Inc.
- NSA National Storage Affiliates Trust
- COLD Americold Realty Trust, Inc.
- LXP LXP Industrial Trust
- SMA SmartStop Self Storage REIT, Inc.
- MDV Modiv Industrial Inc
Every real estate company we cover is on the Real Estate hub.
Common questions
Is Terreno Realty Corporation (TRNO) undervalued?
Against our fair value estimate of $159.39, TRNO at $64.55 is 147% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own TRNO?
8 of the institutions we track reported a position in TRNO in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is TRNO's P/E ratio?
TRNO trades at 17.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Terreno Realty Corporation (TRNO) pay a dividend?
Yes. Terreno Realty Corporation yields 2.89% at the current share price. It has paid $2.13 per share over the trailing twelve months. It has paid a dividend in each of the last 15 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its TRNO data?
Fundamentals for TRNO come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 02:56 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for TRNO, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.