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Upturn AI SWOT - About
TRNO 
Terreno Realty Corporation (TRNO)
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Upturn Advisory Summary
06/30/2025: TRNO (1-star) is currently NOT-A-BUY. Pass it for now.
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
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $63.82
1 Year Target Price $63.82
| 3 | Strong Buy |
| 4 | Buy |
| 10 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2.72% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.76B USD | Price to earnings Ratio 28.18 | 1Y Target Price 63.82 |
Price to earnings Ratio 28.18 | 1Y Target Price 63.82 | ||
Volume (30-day avg) 18 | Beta 1.09 | 52 Weeks Range 47.76 - 69.41 | Updated Date 06/30/2025 |
52 Weeks Range 47.76 - 69.41 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 3.49% | Basic EPS (TTM) 1.99 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 48.18% | Operating Margin (TTM) 38.93% |
Management Effectiveness
Return on Assets (TTM) 2.12% | Return on Equity (TTM) 5.36% |
Valuation
Trailing PE 28.18 | Forward PE 79.37 | Enterprise Value 6348879726 | Price to Sales(TTM) 14.13 |
Enterprise Value 6348879726 | Price to Sales(TTM) 14.13 | ||
Enterprise Value to Revenue 15.56 | Enterprise Value to EBITDA 19.84 | Shares Outstanding 102791000 | Shares Floating 101284421 |
Shares Outstanding 102791000 | Shares Floating 101284421 | ||
Percent Insiders 1.93 | Percent Institutions 111.54 |
Analyst Ratings
Rating 4 | Target Price 63.82 | Buy 4 | Strong Buy 3 |
Buy 4 | Strong Buy 3 | ||
Hold 10 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Terreno Realty Corporation
Company Overview
History and Background
Terreno Realty Corporation (TRNO) was founded in 2009. It is a REIT focused on acquiring, owning, and operating industrial properties in major coastal U.S. markets.
Core Business Areas
- Industrial Properties: Acquisition, ownership, and management of industrial properties such as distribution, fulfillment, light manufacturing, and warehouse buildings.
Leadership and Structure
W. Blake Baird is the Chairman and CEO. The organizational structure follows a typical REIT model with functional departments responsible for acquisitions, asset management, and finance.
Top Products and Market Share
Key Offerings
- Industrial Real Estate: Leasing and management of industrial properties. Terreno focuses on high-barrier-to-entry markets. Market share data is difficult to ascertain precisely due to the fragmented nature of the industrial real estate market. Competitors include Prologis, Duke Realty (now part of Prologis), and Rexford Industrial Realty.
Market Dynamics
Industry Overview
The industrial real estate market is currently experiencing strong demand driven by e-commerce growth, supply chain modernization, and increased inventory levels. There's high competition for prime locations.
Positioning
Terreno is positioned as a specialist in infill industrial properties in key coastal markets. Its competitive advantage lies in its focus on strategic locations and disciplined capital allocation.
Total Addressable Market (TAM)
The total addressable market for industrial real estate is estimated to be in the trillions of dollars. Terreno's market capitalization represents a small fraction of this TAM, leaving room for growth.
Upturn SWOT Analysis
Strengths
- Focus on high-barrier-to-entry markets
- Strong balance sheet
- Experienced management team
- Disciplined acquisition strategy
- High occupancy rates
Weaknesses
- Geographic concentration limits diversification
- Reliance on acquisitions for growth
- Vulnerability to economic downturns in key markets
Opportunities
- Expansion into new markets
- Increased demand for e-commerce fulfillment centers
- Development of existing land holdings
- Acquisition of undervalued properties
Threats
- Rising interest rates
- Economic recession
- Increased competition
- Overbuilding in certain markets
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- PLD
- REX
- FRAPT
Competitive Landscape
Terreno benefits from its niche focus, but faces stiff competition from larger, more diversified REITs with greater access to capital. The company's niche allows it to be competitive against those larger players. Prologis has the advantages as the largest player.
Major Acquisitions
Various industrial properties in strategic locations
- Year: 2023
- Acquisition Price (USD millions): 330
- Strategic Rationale: Expansion of the portfolio in key markets, increasing cash flow, and enhancing shareholder value. Includes several small transactions of about 30 million each.
Growth Trajectory and Initiatives
Historical Growth: Terreno has historically grown through acquisitions and organic rent growth.
Future Projections: Analyst estimates vary, but generally project continued growth in revenue and FFO (Funds From Operations).
Recent Initiatives: Recent initiatives include acquiring properties in target markets and expanding its portfolio through development projects.
Summary
Terreno Realty Corporation is a specialized REIT focused on industrial properties in coastal markets. The company demonstrates strengths in strategic acquisitions and disciplined management. However, geographic concentration and reliance on acquisitions pose risks. With the continued growth in e-commerce and supply chain optimization, Terreno is positioned to capitalize on future opportunities in the industrial real estate sector.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings, press releases, analyst reports, industry publications, stock market data.
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
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 March 31, 2025, the Company owned 298 buildings aggregating approximately 19.3 million square feet, 47 improved land parcels consisting of approximately 150.6 acres, five 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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