2020 Q4 Form 10-Q Financial Statement

#000147615020000019 Filed on November 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $48.88M $47.15M $43.40M
YoY Change 8.59% 8.64% 14.51%
Cost Of Revenue $13.03M $12.23M $10.99M
YoY Change 10.33% 11.28% 15.81%
Gross Profit $35.85M $34.92M $32.41M
YoY Change 7.95% 7.74% 14.08%
Gross Profit Margin 73.34% 74.07% 74.68%
Selling, General & Admin $6.940M $5.130M $5.130M
YoY Change 14.33% 0.0% 1.58%
% of Gross Profit 19.36% 14.69% 15.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.20M $12.10M $11.10M
YoY Change -5.08% 9.01% 9.9%
% of Gross Profit 31.24% 34.65% 34.25%
Operating Expenses $18.12M $17.26M $16.24M
YoY Change 1.17% 6.28% 7.55%
Operating Profit $17.73M $17.66M $16.17M
YoY Change 15.88% 9.21% 21.49%
Interest Expense -$4.130M $3.887M $3.952M
YoY Change 20.41% -1.64% -10.3%
% of Operating Profit -23.29% 22.01% 24.44%
Other Income/Expense, Net $5.180M -$1.338M
YoY Change -487.14% -56.35%
Pretax Income $13.51M $22.72M $14.78M
YoY Change -8.84% 53.72% 46.05%
Income Tax
% Of Pretax Income
Net Earnings $13.51M $22.72M $14.78M
YoY Change -8.85% 53.69% 46.06%
Net Earnings / Revenue 27.64% 48.19% 34.07%
Basic Earnings Per Share $0.33 $0.22
Diluted Earnings Per Share $195.5K $0.33 $0.22
COMMON SHARES
Basic Shares Outstanding 68.37M shares 68.11M shares 65.72M shares
Diluted Shares Outstanding 68.37M shares 66.02M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $107.2M $155.3M $54.60M
YoY Change -2.63% 184.43% 1416.67%
Cash & Equivalents $107.2M $155.3M $54.55M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $107.2M $155.3M $54.60M
YoY Change -2.63% 184.43% 1416.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.994B $1.945B $1.931B
YoY Change 2.42% 0.75% 18.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $700.0K $700.0K $8.900M
YoY Change -74.07% -92.13% 27.14%
Total Long-Term Assets $2.033B $1.981B $1.991B
YoY Change 1.71% -0.47% 15.22%
TOTAL ASSETS
Total Short-Term Assets $107.2M $155.3M $54.60M
Total Long-Term Assets $2.033B $1.981B $1.991B
Total Assets $2.140B $2.137B $2.045B
YoY Change 1.49% 4.47% 18.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.30M $29.20M $24.70M
YoY Change -2.95% 18.22% 8.81%
Accrued Expenses $400.0K $700.0K
YoY Change -33.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $60.40M $63.10M $57.00M
YoY Change 0.67% 10.7% 18.26%
LONG-TERM LIABILITIES
Long-Term Debt $459.1M $459.1M $442.5M
YoY Change -6.61% 3.75% -8.33%
Other Long-Term Liabilities $32.10M $30.00M $39.90M
YoY Change -19.35% -24.81% 19.46%
Total Long-Term Liabilities $491.2M $489.1M $482.4M
YoY Change -7.56% 1.39% -6.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.40M $63.10M $57.00M
Total Long-Term Liabilities $491.2M $489.1M $482.4M
Total Liabilities $551.6M $552.2M $539.4M
YoY Change -6.71% 2.38% -4.41%
SHAREHOLDERS EQUITY
Retained Earnings $5.926M $12.28M $5.958M
YoY Change 126.1% 106.16% 1.74%
Common Stock $1.590B $1.580B $1.500B
YoY Change 4.95% 5.3% 29.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.588B $1.584B $1.506B
YoY Change
Total Liabilities & Shareholders Equity $2.140B $2.137B $2.045B
YoY Change 1.49% 4.47% 18.14%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $13.51M $22.72M $14.78M
YoY Change -8.85% 53.69% 46.06%
Depreciation, Depletion And Amortization $11.20M $12.10M $11.10M
YoY Change -5.08% 9.01% 9.9%
Cash From Operating Activities $23.70M $32.00M $24.60M
YoY Change -9.54% 30.08% 14.95%
INVESTING ACTIVITIES
Capital Expenditures -$9.300M -$11.60M -$13.40M
YoY Change -37.16% -13.43% 50.56%
Acquisitions
YoY Change
Other Investing Activities -$51.30M $14.60M -$130.3M
YoY Change -111.2% 90.78%
Cash From Investing Activities -$60.60M $3.000M -$143.6M
YoY Change 309.46% -102.09% 86.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.30M -27.70M 56.30M
YoY Change -125.68% -149.2% 83.39%
NET CHANGE
Cash From Operating Activities 23.70M 32.00M 24.60M
Cash From Investing Activities -60.60M 3.000M -143.6M
Cash From Financing Activities -11.30M -27.70M 56.30M
Net Change In Cash -48.20M 7.300M -62.70M
YoY Change -187.0% -111.64% 150.8%
FREE CASH FLOW
Cash From Operating Activities $23.70M $32.00M $24.60M
Capital Expenditures -$9.300M -$11.60M -$13.40M
Free Cash Flow $33.00M $43.60M $38.00M
YoY Change -19.51% 14.74% 25.41%

Facts In Submission

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OtherComprehensiveIncomeLossNetOfTax
46000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1589266000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
22722000 USD
CY2020Q3 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
70000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
424000 USD
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9597000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1460000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19828000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1584497000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1247797000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
15532000 USD
CY2019Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1427000 USD
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
87924000 USD
CY2019Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3959000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
928000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15109000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
63000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1333176000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
10379000 USD
CY2019Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1718000 USD
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
106982000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1268000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15719000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
92000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1436178000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
14784000 USD
CY2019Q3 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1194000 USD
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
72152000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
781000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.27
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18094000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
34683000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
85000 USD
trno Amortization Of Lease Intangibles
AmortizationOfLeaseIntangibles
4054000 USD
trno Amortization Of Lease Intangibles
AmortizationOfLeaseIntangibles
3155000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1505886000 USD
us-gaap Net Income Loss
NetIncomeLoss
66282000 USD
us-gaap Net Income Loss
NetIncomeLoss
40695000 USD
us-gaap Straight Line Rent
StraightLineRent
-1051000 USD
us-gaap Straight Line Rent
StraightLineRent
2299000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
32168000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
26766000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
6247000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1024000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1171000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
57000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
489000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6353000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8152000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3677000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3108000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2530000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1603000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
77369000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
68491000 USD
us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
46780000 USD
us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
216780000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
70685000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
25305000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
7989000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
22950000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
23352000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
22237000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
15915000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8479000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-236662000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
55986000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
264493000 USD
trno Issuance Costs On Issuance Of Common Stock
IssuanceCostsOnIssuanceOfCommonStock
812000 USD
trno Issuance Costs On Issuance Of Common Stock
IssuanceCostsOnIssuanceOfCommonStock
3825000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9837000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3959000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
17000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
36000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
32960000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1130000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
54949000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
45472000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-42572000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
191107000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43275000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22936000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112739000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34479000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
156014000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57415000 USD
us-gaap Interest Paid Net
InterestPaidNet
12975000 USD
us-gaap Interest Paid Net
InterestPaidNet
15585000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11472000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9409000 USD
trno Noncash Repayment Of Senior Secured Loan
NoncashRepaymentOfSeniorSecuredLoan
0 USD
trno Noncash Repayment Of Senior Secured Loan
NoncashRepaymentOfSeniorSecuredLoan
-39085000 USD
us-gaap Stock Issued1
StockIssued1
7546000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
460000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
707000 USD
trno Reconciliation Acquisition Of Properties
ReconciliationAcquisitionOfProperties
47577000 USD
trno Reconciliation Acquisition Of Properties
ReconciliationAcquisitionOfProperties
228566000 USD
trno Assumptions Of Other Assets And Liabilities
AssumptionsOfOtherAssetsAndLiabilities
-797000 USD
trno Assumptions Of Other Assets And Liabilities
AssumptionsOfOtherAssetsAndLiabilities
-11786000 USD
us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
46780000 USD
us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
216780000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 segment
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of the interim consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.</span>
CY2020Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1300000 USD
CY2019Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1300000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
4100000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
3200000 USD
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P8Y1M6D
CY2020Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
44378000 USD
CY2020Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
19804000 USD
CY2020Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
24574000 USD
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
44099000 USD
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
15972000 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
28127000 USD
CY2020Q3 trno Finite Lived Intangible Assets Liabilities Gross
FiniteLivedIntangibleAssetsLiabilitiesGross
41832000 USD
CY2020Q3 trno Finite Lived Intangible Assets Liabilities Accumulated Amortization
FiniteLivedIntangibleAssetsLiabilitiesAccumulatedAmortization
46495000 USD
CY2020Q3 trno Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
-4663000 USD
CY2019Q4 trno Finite Lived Intangible Assets Liabilities Gross
FiniteLivedIntangibleAssetsLiabilitiesGross
44495000 USD
CY2019Q4 trno Finite Lived Intangible Assets Liabilities Accumulated Amortization
FiniteLivedIntangibleAssetsLiabilitiesAccumulatedAmortization
47385000 USD
CY2019Q4 trno Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
-2890000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
110082000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31004000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2657000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3475000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112739000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34479000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155324000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
54553000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
690000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2862000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
156014000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57415000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43275000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22936000 USD
CY2020Q3 trno Straight Line Rent And Accounts Receivables Net Of Allowances
StraightLineRentAndAccountsReceivablesNetOfAllowances
28100000 USD
CY2019Q4 trno Straight Line Rent And Accounts Receivables Net Of Allowances
StraightLineRentAndAccountsReceivablesNetOfAllowances
27400000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1300000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 USD
CY2020Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
9100000 USD
CY2019Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
8300000 USD
trno Performance Measurement Period
PerformanceMeasurementPeriod
P3Y
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Derivative Financial Instruments.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> ASC 815, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Derivatives and Hedging</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (See “Note 9 – Derivative Financial Instruments”), provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why the Company uses derivative instruments, (b) how </span><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the Company accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect the Company’s financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company records all derivatives on the accompanying consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 property
CY2020Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
400000 USD
CY2019Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
900000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1500000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2500000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
155000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
11233000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
150000000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
100000000 USD
CY2020Q3 trno Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
200000000 USD
CY2020Q3 trno Long Term Debt Before Net Debt Issuance Costs
LongTermDebtBeforeNetDebtIssuanceCosts
461388000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2305000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
459083000 USD
CY2020Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.033
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
35582000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
123189000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
104043000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
84098000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
65245000 USD
CY2020Q3 trno Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
149208000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
561365000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
178000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
265000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
50000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
178000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
169000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
265000 USD
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
300000 USD
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2020Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
0 USD
CY2020Q3 us-gaap Notes Receivable Net
NotesReceivableNet
0 USD
CY2019Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
15915000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
15858000 USD
CY2020Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
485308000 USD
CY2020Q3 us-gaap Notes Payable
NotesPayable
459083000 USD
CY2019Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
503028000 USD
CY2019Q4 us-gaap Notes Payable
NotesPayable
491575000 USD
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
trno Common Stock Aggregate Offering Price Remaining
CommonStockAggregateOfferingPriceRemaining
92900000 USD
CY2020Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
59.92
CY2020Q3 trno Fees And Commissions At Market Equity Offering Program Sales Agent
FeesAndCommissionsAtMarketEquityOfferingProgramSalesAgent
7000 USD
trno Fees And Commissions At Market Equity Offering Program Sales Agent
FeesAndCommissionsAtMarketEquityOfferingProgramSalesAgent
800000 USD
CY2019Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1458630 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5822701 shares
CY2019Q3 trno Fees And Commissions At Market Equity Offering Program Sales Agent
FeesAndCommissionsAtMarketEquityOfferingProgramSalesAgent
1100000 USD
trno Fees And Commissions At Market Equity Offering Program Sales Agent
FeesAndCommissionsAtMarketEquityOfferingProgramSalesAgent
3800000 USD
CY2020Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
3000000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
78041 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
60.11
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
5146 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
51.58
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
295936 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
21.07
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
203729 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
50.19
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
203729 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
291893 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
406970 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
387990 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
394089 shares

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