Terreno Realty Corp - Understand $trno stock

$TRNO Market Cap: $5.935 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$365.4M

TTM

Gross Margin

74.87%

TTM

Net Earnings

$165.7M

TTM

Current Assets

$243.7M

Q3 2024

Current Liabilities

$176.2M

Q3 2024

Current Ratio

138.32%

Q3 2024

Total Assets

$4.571B

Q3 2024

Total Liabilities

$939.6M

Q3 2024

Book Value

$3.631B

Q3 2024

Cash

$243.7M

Q3 2024

P/E

35.82

Nov 29, 2024 EST

Free Cash Flow

$16.72M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$323.6M	$276.2M	$221.9M	$186.9M	$171.0M	$151.7M	$132.5M	$108.4M	$95.90M	$68.90M	$45.50M	$29.30M	$14.20M	$4.000M
YoY Change	17.15%	24.46%	18.75%	9.27%	12.77%	14.47%	22.2%	13.05%	39.19%	51.43%	55.29%	106.34%	255.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$323.6M	$276.2M	$221.9M	$186.9M	$171.0M	$151.7M	$132.5M	$108.4M	$95.90M	$68.90M	$45.50M	$29.30M	$14.20M	$4.000M
Cost Of Revenue	$79.09M	$68.90M	$56.20M	$49.10M	$44.20M	$40.00M	$35.90M	$30.30M	$26.70M	$19.20M	$12.80M	$8.600M	$5.700M	$1.300M
Gross Profit	$244.5M	$207.3M	$165.7M	$137.8M	$126.8M	$111.7M	$96.60M	$78.10M	$69.20M	$49.70M	$32.80M	$20.80M	$8.500M	$2.700M
Gross Profit Margin	75.56%	75.05%	74.66%	73.74%	74.14%	73.65%	72.91%	72.04%	72.16%	72.13%	72.09%	70.99%	59.86%	67.5%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$37.94M	$31.19M	$27.00M	$23.50M	$23.90M	$21.50M	$19.70M	$19.30M	$14.80M	$9.500M	$8.400M	$6.400M	$5.400M	$4.100M
YoY Change	21.62%	15.53%	14.89%	-1.67%	11.16%	9.14%	2.07%	30.41%	55.79%	13.1%	31.25%	18.52%	31.71%
% of Gross Profit	15.52%	15.05%	16.29%	17.05%	18.85%	19.25%	20.39%	24.71%	21.39%	19.11%	25.61%	30.77%	63.53%	151.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$73.22M	$65.76M	$50.70M	$45.90M	$44.00M	$40.80M	$37.90M	$34.40M	$36.00M	$19.20M	$12.50M	$9.100M	$4.700M	$1.300M
YoY Change	11.34%	29.71%	10.46%	4.32%	7.84%	7.65%	10.17%	-4.44%	87.5%	53.6%	37.36%	93.62%	261.54%
% of Gross Profit	29.95%	31.72%	30.6%	33.31%	34.7%	36.53%	39.23%	44.05%	52.02%	38.63%	38.11%	43.75%	55.29%	48.15%
Operating Expenses	$111.2M	$96.96M	$77.70M	$69.30M	$68.00M	$62.30M	$57.50M	$53.70M	$50.80M	$28.70M	$20.90M	$15.10M	$9.700M	$5.400M
YoY Change	14.64%	24.78%	12.12%	1.91%	9.15%	8.35%	7.08%	5.71%	77.0%	37.32%	38.41%	55.67%	79.63%
Operating Profit	$133.4M	$110.4M	$88.00M	$68.50M	$58.80M	$49.40M	$39.10M	$24.40M	$18.40M	$21.00M	$11.90M	$5.700M	-$1.200M	-$2.700M
YoY Change	20.84%	25.4%	28.47%	16.5%	19.03%	26.34%	60.25%	32.61%	-12.38%	76.47%	108.77%	-575.0%	-55.56%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$24.80M	$23.85M	$18.05M	$16.00M	$16.34M	$18.21M	$16.78M	$13.05M	-$9.600M	-$6.600M	-$6.100M	-$5.400M	-$2.600M	-$500.0K
YoY Change	3.97%	32.1%	12.86%	-2.09%	-10.28%	8.55%	28.53%	-235.97%	45.45%	8.2%	12.96%	107.69%	420.0%
% of Operating Profit	18.59%	21.61%	20.52%	23.35%	27.79%	36.86%	42.91%	53.5%	-52.17%	-31.43%	-51.26%	-94.74%
Other Income/Expense, Net	$18.32M	$89.13M	-$605.0K	$11.64M	-$3.321M	$14.06M	$14.05M	-$6.128M
YoY Change	-79.44%	-14831.4%	-105.2%	-450.56%	-123.62%	0.12%	-329.21%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	$151.5M	$198.0M	$87.30M	$79.80M	$55.50M	$63.30M	$53.10M	$15.10M	$14.60M	$10.70M	$2.500M	-$2.000M	-$5.800M	-$5.400M
YoY Change	-23.51%	126.82%	9.4%	43.78%	-12.32%	19.21%	251.66%	3.42%	36.45%	328.0%	-225.0%	-65.52%	7.41%
Income Tax										$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income										0.0%	0.0%
Net Earnings	$151.5M	$198.0M	$87.25M	$79.80M	$55.52M	$63.29M	$53.10M	$15.12M	$14.60M	$10.70M	$6.600M	$4.100M	-$3.700M	-$5.400M
YoY Change	-23.51%	126.94%	9.35%	43.73%	-12.28%	19.2%	251.2%	3.55%	36.45%	62.12%	60.98%	-210.81%	-31.48%
Net Earnings / Revenue	46.81%	71.69%	39.32%	42.7%	32.46%	41.73%	40.08%	13.94%	15.22%	15.53%	14.51%	13.99%	-26.06%	-135.0%
Basic Earnings Per Share	$1.81	$2.61	$1.23	$1.17	$0.86	$1.09	$0.95
Diluted Earnings Per Share	$1.81	$2.61	$1.23	$1.16	$0.85	$1.09	$0.95	$337.8K	$340.3K	$352.0K	$314.3K	$313.0K	-$402.2K	-$593.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$165.4M	$26.39M	$204.4M	$107.2M	$110.1M	$31.00M	$35.70M	$14.20M	$22.50M	$190.6M	$7.000M	$5.900M	$3.200M	$57.30M
YoY Change	526.68%	-87.09%	90.67%	-2.63%	255.16%	-13.17%	151.41%	-36.89%	-88.2%	2622.86%	18.64%	84.38%	-94.42%
Cash & Equivalents	$165.4M	$26.39M	$204.4M	$107.2M	$110.1M	$31.00M	$35.70M	$14.20M	$22.50M	$190.6M	$7.000M	$5.900M	$3.200M	$57.30M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$165.4M	$26.39M	$204.4M	$107.2M	$110.1M	$31.00M	$35.70M	$14.20M	$22.50M	$190.6M	$7.000M	$5.900M	$3.200M	$57.30M
YoY Change	526.68%	-87.09%	90.67%	-2.63%	255.16%	-13.17%	151.41%	-36.89%	-88.2%	2622.86%	18.64%	84.38%	-94.42%
Property, Plant & Equipment	$3.663B	$3.075B	$2.668B	$1.994B	$1.947B	$1.676B	$1.497B	$1.234B	$1.102B	$855.8M	$624.7M	$429.7M	$257.5M	$134.9M
YoY Change	19.13%	15.27%	33.82%	2.42%	16.14%	11.95%	21.35%	11.92%	28.8%	36.99%	45.38%	66.87%	90.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$836.0K	$1.690M	$400.0K	$700.0K	$2.700M	$3.500M	$7.100M	$4.300M	$8.500M	$16.30M	$4.500M	$3.900M	$2.900M	$1.400M
YoY Change	-50.53%	322.5%	-42.86%	-74.07%	-22.86%	-50.7%	65.12%	-49.41%	-47.85%	262.22%	15.38%	34.48%	107.14%
Total Long-Term Assets	$3.739B	$3.138B	$2.720B	$2.033B	$1.998B	$1.766B	$1.532B	$1.265B	$1.130B	$886.2M	$638.3M	$439.4M	$263.8M	$137.1M
YoY Change	19.16%	15.38%	33.81%	1.71%	13.19%	15.23%	21.14%	11.97%	27.47%	38.84%	45.27%	66.57%	92.41%
Total Assets	$3.905B	$3.164B	$2.924B	$2.140B	$2.109B	$1.797B	$1.568B	$1.279B	$1.152B	$1.077B	$645.3M	$445.3M	$267.0M	$194.4M
YoY Change
Accounts Payable	$61.78M	$49.69M	$45.00M	$26.30M	$27.10M	$24.90M	$21.30M	$18.20M	$18.40M	$9.500M	$6.200M	$6.600M	$6.000M	$2.400M
YoY Change	24.33%	10.43%	71.1%	-2.95%	8.84%	16.9%	17.03%	-1.09%	93.68%	53.23%	-6.06%	10.0%	150.0%
Accrued Expenses				$400.0K	$600.0K		$0.00
YoY Change				-33.33%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$133.8M	$107.9M	$94.50M	$60.40M	$60.00M	$51.50M	$44.50M	$37.60M	$33.70M	$21.70M	$13.20M	$9.000M	$7.800M	$10.30M
YoY Change	23.98%	14.18%	56.46%	0.67%	16.5%	15.73%	18.35%	11.57%	55.3%	64.39%	46.67%	15.38%	-24.27%
Long-Term Debt	$771.6M	$770.8M	$720.7M	$459.1M	$491.6M	$462.1M	$461.7M	$415.3M	$381.5M	$304.5M	$189.3M	$177.0M	$99.30M	$17.70M
YoY Change	0.1%	6.95%	56.98%	-6.61%	6.38%	0.09%	11.17%	8.86%	25.29%	60.86%	6.95%	78.25%	461.02%
Other Long-Term Liabilities	$84.72M	$55.87M	$51.00M	$32.10M	$39.80M	$35.10M	$34.20M	$14.20M	$3.900M	$3.600M	$4.000M	$4.000M	$900.0K	$900.0K
YoY Change	51.63%	9.55%	58.88%	-19.35%	13.39%	2.63%	140.85%	264.1%	8.33%	-10.0%	0.0%	344.44%	0.0%
Total Long-Term Liabilities	$856.3M	$826.7M	$771.7M	$491.2M	$531.4M	$497.2M	$495.9M	$429.5M	$385.4M	$308.1M	$193.3M	$181.0M	$100.2M	$18.60M
YoY Change	3.58%	7.13%	57.11%	-7.56%	6.88%	0.26%	15.46%	11.44%	25.09%	59.39%	6.8%	80.64%	438.71%
Total Liabilities	$990.1M	$934.6M	$866.3M	$551.6M	$591.3M	$548.7M	$540.4M	$467.2M	$419.1M	$329.7M	$206.5M	$190.0M	$108.0M	$28.90M
YoY Change	5.93%	7.88%	57.05%	-6.71%	7.76%	1.54%	15.67%	11.48%	27.12%	59.66%	8.68%	75.93%	273.7%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	83.17M shares	75.50M shares	70.53M shares	67.76M shares	64.43M shares	57.49M shares	51.36M shares
Diluted Shares Outstanding	83.37M shares	75.59M shares	70.79M shares	68.17M shares	64.72M shares	57.49M shares	51.36M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.9353 Billion

About Terreno Realty Corp

Terreno Realty Corp. is a real estate company, which engages in the acquisition, ownership, and operation of industrial properties. The company is headquartered in San Francisco, California and currently employs 42 full-time employees. The company went IPO on 2010-02-10. The firm invests in various types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment and improved land. The company also focuses on functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which it operates. The firm owns approximately 290 buildings aggregating approximately 17.4 million square feet, 45 improved land parcels consisting of approximately 152.4 acres, 10 properties under development or redevelopment and approximately 45.5 acres of land for future development. The company acquires functional, flexible properties in infill locations.

Industry: Real Estate Peers: Prologis, Inc. AMERICOLD REALTY TRUST EASTGROUP PROPERTIES INC FIRST INDUSTRIAL REALTY TRUST INC INNOVATIVE INDUSTRIAL PROPERTIES INC LXP Industrial Trust Plymouth Industrial REIT, Inc. STAG Industrial, Inc.