Intrinsiqq
Terreno Realty Corporation logoTerreno Realty CorporationTRNO
$65.56+0.43%
Terreno Realty Corporation logo

Terreno Realty Corporation

TRNO

$65.56

+$0.28 (+0.43%)

⊜ Compare
ProfitabilityN/AGrowthAcceleratingCash FlowN/AValuationFairly valued
What stands out

84.59% net margin is above average for a financial institution, suggesting strong underwriting or fee income alongside controlled credit costs.

What's changing

Revenue grew 24.5% YoY.

What deserves caution

At 18x earnings, the multiple is above the banking sector average. Financials rarely sustain elevated multiples through credit cycles.

Valuation context

17.5x earnings. In line with financial-sector norms. The question is whether the current credit environment supports sustained earnings at this level.

Price History

+6.5%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$7.14B
EPS$3.74
P/E17.53
Div. Yield2.99%
Net Margin77.3%
P/Book1.6x
52-Week Range
$57.13$75.08

Profitability & Returns

Revenue (TTM)

$503M

▲ +24.5% YoY

Net Income (TTM)

$389M

▲ +118.4% YoY

Net Margin

77.27%

P/E

17.5x

Balance Sheet

Total Assets

$5.71B

Equity

$4.43B

Total Debt

$942M

Cash & Equiv.

$51M

5Y CAGR: +20.6%

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SourceComputed from the 10-Q filed 3 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 3 Oct 2026. How this is calculated.

Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

Is Terreno Realty (TRNO) overvalued?

At a P/E of 17.5 and a price-to-free-cash-flow of 32.9, Terreno Realty (TRNO) trades below a two-stage DCF intrinsic value of about $94.29 per share, so at $65.56 the stock looks undervalued (43.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Terreno Realty scores 83/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is Terreno Realty's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $94.29 per share for TRNO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $70.72. At today's $65.56, that puts the stock about 43.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is Terreno Realty a high-quality business?+

Terreno Realty scores 83 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 41.4% operating margin and a 3.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does Terreno Realty (TRNO) pay a dividend, and how much?+

Yes, Terreno Realty pays a regular dividend of about $2.00 per share per year (typically in quarterly installments), a yield of roughly 3.0% at the current price. That is a payout ratio of about 55.0% of earnings, so the dividend is well covered. Terreno Realty has grown the dividend at roughly 24.6% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For TRNO's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is Terreno Realty a good stock to buy right now?+

That depends on valuation and quality together, not either alone. TRNO currently trades below its estimated intrinsic value and scores 83/100 on quality (high-quality). It also yields about 3.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.

Related stocks: Real Estate

Spot a number that looks wrong? Check it in TRNO's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.