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Upturn AI SWOT - About
TRNO 
Terreno Realty Corporation (TRNO)
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Upturn Advisory Summary
10/15/2025: TRNO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
18 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $62.94
1 Year Target Price $62.94
| 3 | Strong Buy |
| 4 | Buy |
| 10 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -1.11% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.30B USD | Price to earnings Ratio 24.1 | 1Y Target Price 62.94 |
Price to earnings Ratio 24.1 | 1Y Target Price 62.94 | ||
Volume (30-day avg) 18 | Beta 1.06 | 52 Weeks Range 47.33 - 67.46 | Updated Date 10/17/2025 |
52 Weeks Range 47.33 - 67.46 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 3.27% | Basic EPS (TTM) 2.53 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 59.66% | Operating Margin (TTM) 38.96% |
Management Effectiveness
Return on Assets (TTM) 2.19% | Return on Equity (TTM) 6.88% |
Valuation
Trailing PE 24.1 | Forward PE 79.37 | Enterprise Value 6573486784 | Price to Sales(TTM) 14.79 |
Enterprise Value 6573486784 | Price to Sales(TTM) 14.79 | ||
Enterprise Value to Revenue 15.43 | Enterprise Value to EBITDA 17.11 | Shares Outstanding 103301591 | Shares Floating 101209734 |
Shares Outstanding 103301591 | Shares Floating 101209734 | ||
Percent Insiders 1.98 | Percent Institutions 110.84 |
Upturn AI SWOT
Terreno Realty Corporation
Company Overview
History and Background
Terreno Realty Corporation (TRNO) was founded in 2009. It is a real estate investment trust (REIT) focused on acquiring, owning, and operating industrial properties in major coastal U.S. markets.
Core Business Areas
- Acquisition: Acquiring strategically located industrial properties in key coastal markets.
- Ownership: Owning and managing a portfolio of industrial assets.
- Operation: Operating industrial properties to maximize occupancy and rental rates.
Leadership and Structure
W. Blake Baird is the Chairman, President, and CEO. The company operates with a standard REIT organizational structure, including executive management, acquisitions, property management, and finance departments.
Top Products and Market Share
Key Offerings
- Industrial Properties: Terreno Realty Corporation owns, operates and acquires industrial real estate. This include buildings such as distribution facilities, warehouses and flex facilities located in major coastal markets. Market share is not directly available. Competitors: Prologis, Rexford Industrial Realty, First Industrial Realty Trust.
Market Dynamics
Industry Overview
The industrial real estate market is driven by e-commerce growth, supply chain optimization, and increasing demand for warehouse and distribution space, especially in infill locations. Demand continues to outpace supply in key markets.
Positioning
Terreno is positioned as a specialized REIT focusing on infill industrial properties in major coastal markets, allowing for high occupancy and rental rates due to limited supply. Competitive advantages include location, niche focus, and operational expertise.
Total Addressable Market (TAM)
The industrial real estate TAM is estimated to be in the trillions of dollars. Terreno is positioned to capture a portion of this market by focusing on high-barrier-to-entry coastal markets.
Upturn SWOT Analysis
Strengths
- Strategic focus on major coastal markets
- Strong occupancy rates
- Experienced management team
- Disciplined acquisition strategy
- Solid balance sheet
Weaknesses
- Concentration in specific geographic regions
- Sensitivity to economic cycles
- Dependence on continued demand for industrial space
- Smaller market capitalization compared to larger peers
Opportunities
- Further expansion in existing and new coastal markets
- Increased demand for e-commerce fulfillment centers
- Strategic acquisitions to grow portfolio
- Development and redevelopment opportunities
Threats
- Economic downturn affecting industrial demand
- Rising interest rates increasing borrowing costs
- Increased competition from other REITs and private investors
- Oversupply of industrial space in certain markets
Competitors and Market Share
Key Competitors
- PLD
- RXR
- FR
Competitive Landscape
Terreno's focus on specific coastal markets gives it a competitive edge. However, Prologis has a much larger market share. Terreno's smaller size allows for quicker execution of smaller deals.
Major Acquisitions
Various Industrial Properties
- Year: 2023
- Acquisition Price (USD millions): 350
- Strategic Rationale: Expansion in key coastal markets and increased portfolio diversification.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is demonstrated through acquisitions and property development. Recent acquisitions and portfolio expansions indicate sustained growth.
Future Projections: Analyst estimates point to continued growth in revenue and FFO per share.
Recent Initiatives: Recent initiatives include strategic acquisitions in target markets and development projects aimed at increasing portfolio value and net operating income (NOI).
Summary
Terreno Realty Corporation is a well-positioned REIT focusing on industrial properties in major coastal markets. The company benefits from strong demand and limited supply in these markets, leading to high occupancy rates. However, Terreno is sensitive to economic cycles and faces competition from larger REITs. Terreno's strategic focus and disciplined acquisition strategy drive its growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Terreno Realty Corporation Investor Relations
- SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market data and analyst estimates are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Terreno Realty Corporation
Exchange NYSE | Headquaters Bellevue, WA, United States | ||
IPO Launch date 2010-02-10 | Co-Founder, Chairman & CEO Mr. W. Blake Baird | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 49 | Website https://www.terreno.com |
Full time employees 49 | Website https://www.terreno.com | ||
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 June 30, 2025, the Company owned 297 buildings (including three properties consisting of eight buildings and one improved land parcel held for sale) aggregating approximately 18.9 million square feet, 47 improved land parcels consisting of approximately 150.6 acres, six 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.
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