2021 Q4 Form 10-Q Financial Statement

#000147615021000027 Filed on November 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $60.68M $57.27M $47.15M
YoY Change 24.13% 21.47% 8.64%
Cost Of Revenue $15.37M $14.20M $12.23M
YoY Change 17.92% 16.11% 11.28%
Gross Profit $45.31M $43.07M $34.92M
YoY Change 26.39% 23.34% 7.74%
Gross Profit Margin 74.68% 75.2% 74.07%
Selling, General & Admin $7.716M $6.800M $5.130M
YoY Change 11.18% 32.55% 0.0%
% of Gross Profit 17.03% 15.79% 14.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.71M $13.64M $12.10M
YoY Change 22.38% 12.69% 9.01%
% of Gross Profit 30.25% 31.66% 34.65%
Operating Expenses $21.42M $20.44M $17.26M
YoY Change 18.23% 18.4% 6.28%
Operating Profit $23.89M $22.63M $17.66M
YoY Change 34.73% 28.16% 9.21%
Interest Expense -$5.070M $4.686M $3.887M
YoY Change 22.76% 20.56% -1.64%
% of Operating Profit -21.22% 20.7% 22.01%
Other Income/Expense, Net -$1.273M $5.180M
YoY Change -124.58% -487.14%
Pretax Income $32.26M $21.36M $22.72M
YoY Change 138.78% -5.99% 53.72%
Income Tax
% Of Pretax Income
Net Earnings $32.26M $21.36M $22.72M
YoY Change 138.78% -5.99% 53.69%
Net Earnings / Revenue 53.17% 37.3% 48.19%
Basic Earnings Per Share $0.30 $0.33
Diluted Earnings Per Share $437.2K $0.30 $0.33
COMMON SHARES
Basic Shares Outstanding 71.32M shares 70.52M shares 68.11M shares
Diluted Shares Outstanding 70.75M shares 68.37M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $204.4M $68.73M $155.3M
YoY Change 90.68% -55.74% 184.43%
Cash & Equivalents $204.4M $68.73M $155.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $204.4M $68.70M $155.3M
YoY Change 90.67% -55.76% 184.43%
LONG-TERM ASSETS
Property, Plant & Equipment $2.668B $2.326B $1.945B
YoY Change 33.82% 19.59% 0.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $397.0K $23.27M $700.0K
YoY Change -43.29% 3224.57% -92.13%
Total Long-Term Assets $2.720B $2.403B $1.981B
YoY Change 33.81% 21.27% -0.47%
TOTAL ASSETS
Total Short-Term Assets $204.4M $68.70M $155.3M
Total Long-Term Assets $2.720B $2.403B $1.981B
Total Assets $2.924B $2.472B $2.137B
YoY Change 36.66% 15.67% 4.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.03M $40.36M $29.20M
YoY Change 71.2% 38.21% 18.22%
Accrued Expenses
YoY Change
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 $94.50M $86.90M $63.10M
YoY Change 56.46% 37.72% 10.7%
LONG-TERM LIABILITIES
Long-Term Debt $720.7M $596.6M $459.1M
YoY Change 56.97% 29.95% 3.75%
Other Long-Term Liabilities $51.03M $37.54M $30.00M
YoY Change 58.96% 25.14% -24.81%
Total Long-Term Liabilities $771.7M $634.2M $489.1M
YoY Change 57.1% 29.66% 1.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.50M $86.90M $63.10M
Total Long-Term Liabilities $771.7M $634.2M $489.1M
Total Liabilities $866.3M $721.0M $552.2M
YoY Change 57.03% 30.58% 2.38%
SHAREHOLDERS EQUITY
Retained Earnings $2.804M -$3.837M $12.28M
YoY Change -52.68% -131.24% 106.16%
Common Stock $2.070B $1.770B $1.580B
YoY Change 30.21% 11.99% 5.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.058B $1.750B $1.584B
YoY Change
Total Liabilities & Shareholders Equity $2.924B $2.472B $2.137B
YoY Change 36.66% 15.67% 4.47%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $32.26M $21.36M $22.72M
YoY Change 138.78% -5.99% 53.69%
Depreciation, Depletion And Amortization $13.71M $13.64M $12.10M
YoY Change 22.38% 12.69% 9.01%
Cash From Operating Activities $33.77M $39.22M $32.00M
YoY Change 42.48% 22.55% 30.08%
INVESTING ACTIVITIES
Capital Expenditures -$18.06M -$21.12M -$11.60M
YoY Change 94.18% 82.09% -13.43%
Acquisitions
YoY Change
Other Investing Activities -$288.4M -$155.4M $14.60M
YoY Change 462.24% -1164.47% -111.2%
Cash From Investing Activities -$306.5M -$176.5M $3.000M
YoY Change 405.76% -5984.47% -102.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 403.8M 168.3M -27.70M
YoY Change -3673.65% -707.62% -149.2%
NET CHANGE
Cash From Operating Activities 33.77M 39.22M 32.00M
Cash From Investing Activities -306.5M -176.5M 3.000M
Cash From Financing Activities 403.8M 168.3M -27.70M
Net Change In Cash 131.1M 30.99M 7.300M
YoY Change -371.99% 324.58% -111.64%
FREE CASH FLOW
Cash From Operating Activities $33.77M $39.22M $32.00M
Capital Expenditures -$18.06M -$21.12M -$11.60M
Free Cash Flow $51.83M $60.34M $43.60M
YoY Change 57.05% 38.39% 14.74%

Facts In Submission

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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2677000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q2 us-gaap Stockholders Equity
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CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2360000 USD
CY2021Q3 us-gaap Dividends Common Stock Cash
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24239000 USD
CY2021Q3 us-gaap Stockholders Equity
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CY2019Q4 us-gaap Stockholders Equity
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CY2020Q1 us-gaap Stock Issued During Period Value New Issues
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Stockholders Equity
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CY2020Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2020Q3 us-gaap Dividends Common Stock Cash
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CY2020Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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trno Amortization Of Lease Intangibles
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Gain Loss On Sale Of Properties
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us-gaap Gain Loss On Sale Of Properties
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us-gaap Amortization Of Financing Costs And Discounts
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1035000 USD
us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Amortization Of Deferred Loan Origination Fees Net
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us-gaap Amortization Of Deferred Loan Origination Fees Net
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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2530000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Buildings
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us-gaap Payments To Acquire Buildings
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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70685000 USD
us-gaap Payments For Construction In Process
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us-gaap Payments For Construction In Process
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us-gaap Payments To Acquire Other Property Plant And Equipment
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us-gaap Payments To Acquire Other Property Plant And Equipment
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23352000 USD
us-gaap Proceeds From Collection Of Loans Receivable
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Collection Of Loans Receivable
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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8479000 USD
trno Issuance Costs On Issuance Of Common Stock
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trno Issuance Costs On Issuance Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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582000 USD
us-gaap Payments For Repurchase Of Common Stock
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9837000 USD
us-gaap Proceeds From Lines Of Credit
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45000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
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45000000 USD
us-gaap Repayments Of Lines Of Credit
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0 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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150000000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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0 USD
us-gaap Repayments Of Secured Debt
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11271000 USD
us-gaap Repayments Of Secured Debt
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32960000 USD
us-gaap Amortization Of Above And Below Market Leases
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4100000 USD
us-gaap Payments Of Financing Costs
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2860000 USD
us-gaap Payments Of Financing Costs
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0 USD
us-gaap Payments Of Dividends Common Stock
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60389000 USD
us-gaap Payments Of Dividends Common Stock
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54949000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
227373000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43275000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107836000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112739000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73702000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
156014000 USD
us-gaap Interest Paid Net
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11975000 USD
us-gaap Interest Paid Net
InterestPaidNet
12975000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
16938000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11472000 USD
us-gaap Stock Issued1
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7651000 USD
us-gaap Stock Issued1
StockIssued1
7546000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
424000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
460000 USD
trno Reconciliation Acquisition Of Properties
ReconciliationAcquisitionOfProperties
344452000 USD
trno Reconciliation Acquisition Of Properties
ReconciliationAcquisitionOfProperties
47577000 USD
trno Assumptions Of Other Assets And Liabilities
AssumptionsOfOtherAssetsAndLiabilities
19413000 USD
trno Assumptions Of Other Assets And Liabilities
AssumptionsOfOtherAssetsAndLiabilities
797000 USD
us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
325039000 USD
us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
46780000 USD
us-gaap Number Of Operating Segments
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6 segment
CY2020Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1200000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
5100000 USD
us-gaap Use Of Estimates
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<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>
CY2021Q3 us-gaap Amortization Of Above And Below Market Leases
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2000000 USD
CY2021Q3 us-gaap Below Market Lease Net
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37543000 USD
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
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P7Y2M12D
CY2021Q3 us-gaap Below Market Lease Gross
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62778000 USD
CY2021Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
25235000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
45798000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
21190000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
24608000 USD
CY2021Q3 trno Finite Lived Intangible Assets Liabilities Gross
FiniteLivedIntangibleAssetsLiabilitiesGross
39301000 USD
CY2021Q3 trno Finite Lived Intangible Assets Liabilities Accumulated Amortization
FiniteLivedIntangibleAssetsLiabilitiesAccumulatedAmortization
48787000 USD
CY2021Q3 trno Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
-9486000 USD
CY2020Q4 trno Finite Lived Intangible Assets Liabilities Gross
FiniteLivedIntangibleAssetsLiabilitiesGross
43061000 USD
CY2020Q4 trno Finite Lived Intangible Assets Liabilities Accumulated Amortization
FiniteLivedIntangibleAssetsLiabilitiesAccumulatedAmortization
47175000 USD
CY2020Q4 trno Finite Lived Intangible Assets Liabilities Net
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43275000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107180000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
110082000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
656000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2657000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107836000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112739000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
68732000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155324000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4970000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
690000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73702000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
156014000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34134000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1500000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1200000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
900000 USD
CY2021Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
10300000 USD
CY2020Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
9400000 USD
trno Performance Measurement Period
PerformanceMeasurementPeriod
P3Y
CY2021Q3 trno Straight Line Rent And Accounts Receivables Net Of Allowances
StraightLineRentAndAccountsReceivablesNetOfAllowances
42000000 USD
CY2020Q4 trno Straight Line Rent And Accounts Receivables Net Of Allowances
StraightLineRentAndAccountsReceivablesNetOfAllowances
32500000 USD
us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="margin-top:12pt;text-indent:24.75pt"><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 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 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q3 trno Percentage Accounted By Properties Of Its Annualized Base Rent
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0.291
us-gaap Interest Costs Capitalized
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300000 USD
CY2021Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2020Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
400000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2021Q3 trno Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
450000000 USD
CY2021Q3 trno Long Term Debt Before Net Debt Issuance Costs
LongTermDebtBeforeNetDebtIssuanceCosts
600000000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3377000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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50000000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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100000000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2021Q3 us-gaap Long Term Debt
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596623000 USD
CY2021Q3 us-gaap Debt Weighted Average Interest Rate
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0.031
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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41954000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
166074000 USD
CY2021Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
623267000 USD
CY2021Q3 us-gaap Notes Payable
NotesPayable
596623000 USD
CY2020Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
481809000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
459118000 USD
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
trno Common Stock Aggregate Offering Price Remaining
CommonStockAggregateOfferingPriceRemaining
223200000 USD
CY2021Q3 trno Sales Of Stock Weighted Average Offering Price
SalesOfStockWeightedAverageOfferingPrice
66.51
CY2021Q3 trno Fees And Commissions At Market Equity Offering Program Sales Agent
FeesAndCommissionsAtMarketEquityOfferingProgramSalesAgent
700000 USD
trno Fees And Commissions At Market Equity Offering Program Sales Agent
FeesAndCommissionsAtMarketEquityOfferingProgramSalesAgent
2300000 USD
CY2020Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
8250 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1054577 shares
trno Sales Of Stock Weighted Average Offering Price
SalesOfStockWeightedAverageOfferingPrice
53.09
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
104747000 USD
CY2020Q3 trno Sales Of Stock Weighted Average Offering Price
SalesOfStockWeightedAverageOfferingPrice
59.92
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
147806000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
126887000 USD
CY2021Q3 trno Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
89427000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
676895000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 USD
CY2020Q3 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
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
50000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
183000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
169000 USD
CY2021Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
3000000 shares
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
288548 shares
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2021Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
262512 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
291893 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
230280 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
387990 shares

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