2023 Q1 Form 10-K Financial Statement

#000147615023000004 Filed on February 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $74.65M $76.01M $276.2M
YoY Change 16.58% 25.27% 24.46%
Cost Of Revenue $18.38M $19.08M $68.90M
YoY Change 8.92% 24.2% 22.6%
Gross Profit $56.27M $56.92M $207.3M
YoY Change 19.32% 25.63% 25.11%
Gross Profit Margin 75.38% 74.89% 75.05%
Selling, General & Admin $9.320M $8.193M $31.19M
YoY Change 23.82% 6.18% 15.53%
% of Gross Profit 16.56% 14.39% 15.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.16M $18.56M $65.76M
YoY Change 21.21% 35.43% 29.71%
% of Gross Profit 32.27% 32.61% 31.72%
Operating Expenses $27.48M $26.73M $96.96M
YoY Change 22.08% 24.77% 24.78%
Operating Profit $28.79M $30.20M $110.4M
YoY Change 16.8% 26.41% 25.4%
Interest Expense $7.375M -$7.059M $23.85M
YoY Change 45.15% 39.23% 32.1%
% of Operating Profit 25.62% -23.38% 21.61%
Other Income/Expense, Net -$5.412M $89.13M
YoY Change 9.11% -14831.4%
Pretax Income $23.33M $58.88M $198.0M
YoY Change 18.66% 82.52% 126.82%
Income Tax
% Of Pretax Income
Net Earnings $23.33M $58.61M $198.0M
YoY Change 18.66% 81.68% 126.94%
Net Earnings / Revenue 31.25% 77.11% 71.69%
Basic Earnings Per Share $0.29 $2.61
Diluted Earnings Per Share $0.29 $0.77 $2.61
COMMON SHARES
Basic Shares Outstanding 76.98M shares 76.07M shares 75.50M shares
Diluted Shares Outstanding 80.34M shares 75.59M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.05M $26.39M $26.39M
YoY Change -89.6% -87.09% -87.09%
Cash & Equivalents $11.05M $26.39M $26.39M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $11.05M $26.39M $26.39M
YoY Change -89.6% -87.09% -87.09%
LONG-TERM ASSETS
Property, Plant & Equipment $3.472B $3.075B $3.075B
YoY Change 27.51% 15.27% 15.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.92M $1.690M $1.690M
YoY Change -55.9% 325.69% 322.5%
Total Long-Term Assets $3.567B $3.138B $3.138B
YoY Change 26.77% 15.38% 15.38%
TOTAL ASSETS
Total Short-Term Assets $11.05M $26.39M $26.39M
Total Long-Term Assets $3.567B $3.138B $3.138B
Total Assets $3.578B $3.164B $3.164B
YoY Change 22.53% 8.22% 8.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.02M $49.69M $49.69M
YoY Change 18.78% 10.37% 10.43%
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 $115.0M $107.9M $107.9M
YoY Change 21.07% 14.18% 14.18%
LONG-TERM LIABILITIES
Long-Term Debt $770.9M $770.8M $770.8M
YoY Change 6.95% 6.96% 6.95%
Other Long-Term Liabilities $92.54M $55.87M $55.87M
YoY Change 84.4% 9.5% 9.55%
Total Long-Term Liabilities $863.5M $826.7M $826.7M
YoY Change 11.99% 7.13% 7.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $115.0M $107.9M $107.9M
Total Long-Term Liabilities $863.5M $826.7M $826.7M
Total Liabilities $978.5M $934.6M $934.6M
YoY Change 12.98% 7.89% 7.88%
SHAREHOLDERS EQUITY
Retained Earnings $78.39M $88.27M
YoY Change -2539.14% 3048.07%
Common Stock $2.553B $2.168B
YoY Change 22.51% 4.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.600B $2.230B $2.230B
YoY Change
Total Liabilities & Shareholders Equity $3.578B $3.164B $3.164B
YoY Change 22.53% 8.22% 8.22%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $23.33M $58.61M $198.0M
YoY Change 18.66% 81.68% 126.94%
Depreciation, Depletion And Amortization $18.16M $18.56M $65.76M
YoY Change 21.21% 35.43% 29.71%
Cash From Operating Activities $38.80M $34.21M $143.2M
YoY Change 38.41% 1.31% 8.32%
INVESTING ACTIVITIES
Capital Expenditures $22.77M $16.45M $92.25M
YoY Change -179.09% -191.08% -247.36%
Acquisitions
YoY Change
Other Investing Activities -$364.6M -$7.413M -$245.4M
YoY Change 435.77% -97.43% -59.36%
Cash From Investing Activities -$387.4M -$23.86M -$337.7M
YoY Change 300.02% -92.21% -49.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$77.81M
YoY Change -83.15%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $334.1M 6.734M $17.73M
YoY Change -1362.2% -98.33% -97.19%
NET CHANGE
Cash From Operating Activities $38.80M 34.21M $143.2M
Cash From Investing Activities -$387.4M -23.86M -$337.7M
Cash From Financing Activities $334.1M 6.734M $17.73M
Net Change In Cash -$14.42M 17.08M -$176.7M
YoY Change -84.86% -86.97% -282.25%
FREE CASH FLOW
Cash From Operating Activities $38.80M $34.21M $143.2M
Capital Expenditures $22.77M $16.45M $92.25M
Free Cash Flow $16.04M $17.76M $50.96M
YoY Change -71.78% -65.73% -73.84%

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StraightLineRent
8683000 usd
CY2020 us-gaap Straight Line Rent
StraightLineRent
361000 usd
CY2022 trno Amortization Of Lease Intangibles
AmortizationOfLeaseIntangibles
16271000 usd
CY2021 trno Amortization Of Lease Intangibles
AmortizationOfLeaseIntangibles
7686000 usd
CY2020 trno Amortization Of Lease Intangibles
AmortizationOfLeaseIntangibles
5420000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
65763000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
50687000 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45875000 usd
CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
112166000 usd
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
16627000 usd
CY2020 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
26766000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1371000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1335000 usd
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1391000 usd
CY2022 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
0 usd
CY2021 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
0 usd
CY2020 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
57000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
10171000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
9554000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
9826000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1368000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3669000 usd
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3911000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7049000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
20043000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
678000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
143210000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
132208000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101050000 usd
CY2022 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
407558000 usd
CY2021 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
644956000 usd
CY2020 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
98088000 usd
CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
162145000 usd
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
41082000 usd
CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
70685000 usd
CY2022 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
25638000 usd
CY2021 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
11274000 usd
CY2020 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
8989000 usd
CY2022 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
66611000 usd
CY2021 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
51290000 usd
CY2020 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
31611000 usd
CY2022 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
0 usd
CY2021 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
0 usd
CY2020 us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
15915000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-337662000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-666438000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-52088000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
78851000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
462386000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
64767000 usd
CY2022 trno Issuance Costs On Issuance Of Common Stock
IssuanceCostsOnIssuanceOfCommonStock
1163000 usd
CY2021 trno Issuance Costs On Issuance Of Common Stock
IssuanceCostsOnIssuanceOfCommonStock
5683000 usd
CY2020 trno Issuance Costs On Issuance Of Common Stock
IssuanceCostsOnIssuanceOfCommonStock
940000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1045000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
582000 usd
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9837000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
208000000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
75000000 usd
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
208000000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
75000000 usd
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
100000000 usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2020 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
275000000 usd
CY2020 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
CY2022 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
50000000 usd
CY2021 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
CY2020 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
11271000 usd
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
33077000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1498000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4027000 usd
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
107411000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
84628000 usd
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
74778000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17734000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
631195000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-53865000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-176718000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
96965000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4903000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
204801000 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28083000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
204801000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107836000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
25219000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
15144000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
16315000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
18158000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
16873000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10552000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
11265000 usd
CY2021 us-gaap Stock Issued1
StockIssued1
7651000 usd
CY2020 us-gaap Stock Issued1
StockIssued1
7546000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1192000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3287000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022 trno Reconciliation Acquisition Of Properties
ReconciliationAcquisitionOfProperties
422298000 usd
CY2021 trno Reconciliation Acquisition Of Properties
ReconciliationAcquisitionOfProperties
681970000 usd
CY2020 trno Reconciliation Acquisition Of Properties
ReconciliationAcquisitionOfProperties
100391000 usd
CY2022 trno Assumptions Of Other Assets And Liabilities
AssumptionsOfOtherAssetsAndLiabilities
14740000 usd
CY2021 trno Assumptions Of Other Assets And Liabilities
AssumptionsOfOtherAssetsAndLiabilities
37014000 usd
CY2020 trno Assumptions Of Other Assets And Liabilities
AssumptionsOfOtherAssetsAndLiabilities
2303000 usd
CY2022 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
407558000 usd
CY2021 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
644956000 usd
CY2020 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
98088000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 segment
CY2022 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 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>
CY2022 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
16300000 usd
CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
7700000 usd
CY2020 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
5400000 usd
CY2022 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P6Y7M6D
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
95638000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
39765000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
55873000 usd
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
78753000 usd
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
27728000 usd
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
51025000 usd
CY2022Q4 trno Finite Lived Intangible Assets Liabilities Gross
FiniteLivedIntangibleAssetsLiabilitiesGross
27907000 usd
CY2022Q4 trno Finite Lived Intangible Assets Liabilities Accumulated Amortization
FiniteLivedIntangibleAssetsLiabilitiesAccumulatedAmortization
47015000 usd
CY2022Q4 trno Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
-19108000 usd
CY2021Q4 trno Finite Lived Intangible Assets Liabilities Gross
FiniteLivedIntangibleAssetsLiabilitiesGross
35373000 usd
CY2021Q4 trno Finite Lived Intangible Assets Liabilities Accumulated Amortization
FiniteLivedIntangibleAssetsLiabilitiesAccumulatedAmortization
48244000 usd
CY2021Q4 trno Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
-12871000 usd
CY2022Q4 trno Finite Lived Intangible Assets Liabilities Amortization Expense Year One
FiniteLivedIntangibleAssetsLiabilitiesAmortizationExpenseYearOne
-242000 usd
CY2022Q4 trno Finite Lived Intangible Assets Liabilities Amortization Expense Year Two
FiniteLivedIntangibleAssetsLiabilitiesAmortizationExpenseYearTwo
-1278000 usd
CY2022Q4 trno Finite Lived Intangible Assets Liabilities Amortization Expense Year Three
FiniteLivedIntangibleAssetsLiabilitiesAmortizationExpenseYearThree
-2035000 usd
CY2022Q4 trno Finite Lived Intangible Assets Liabilities Amortization Expense Year Four
FiniteLivedIntangibleAssetsLiabilitiesAmortizationExpenseYearFour
-2150000 usd
CY2022Q4 trno Finite Lived Intangible Assets Liabilities Amortization Expense Year Five
FiniteLivedIntangibleAssetsLiabilitiesAmortizationExpenseYearFive
-2011000 usd
CY2022Q4 trno Finite Lived Intangible Assets Liabilities Amortization Expense After Year Five
FiniteLivedIntangibleAssetsLiabilitiesAmortizationExpenseAfterYearFive
-11392000 usd
CY2022Q4 trno Finite Lived Intangible Assets Liabilities Net
FiniteLivedIntangibleAssetsLiabilitiesNet
-19108000 usd
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
110082000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
204404000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107180000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
397000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
656000 usd
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2657000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
204801000 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
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26393000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
204404000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107180000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1690000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
397000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
656000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28083000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
204801000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107836000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-176718000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
96965000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4903000 usd
CY2022Q4 trno Straight Line Rent And Accounts Receivables Net Of Allowances
StraightLineRentAndAccountsReceivablesNetOfAllowances
48000000 usd
CY2021Q4 trno Straight Line Rent And Accounts Receivables Net Of Allowances
StraightLineRentAndAccountsReceivablesNetOfAllowances
39700000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
500000 usd
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
11900000 usd
CY2021Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
10600000 usd
CY2022 trno Share Based Compensation Performance Measurement Period
ShareBasedCompensationPerformanceMeasurementPeriod
P3Y
CY2022 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
Use of Derivative Financial Instruments. 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.
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2600000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
700000 usd
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1600000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
775000000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
725000000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
775000000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
725000000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4182000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4330000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
770818000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
720670000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
100000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
50000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
150000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
475000000 usd
CY2022Q4 trno Long Term Debt Before Net Debt Issuance Costs
LongTermDebtBeforeNetDebtIssuanceCosts
775000000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4182000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
770818000 usd
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.037
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
213038000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
199387000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
171544000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
139421000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
98428000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
182046000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1003864000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
0 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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183000 usd
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254000 usd
CY2022Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
700926000 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
770818000 usd
CY2021Q4 us-gaap Notes Payable Fair Value Disclosure
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743592000 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
720670000 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
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400000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
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100000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2021 us-gaap Stock Issued During Period Shares New Issues
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2569771 shares
CY2021 trno Sales Of Stock Weighted Average Offering Price
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63.23
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1197597 shares
CY2020 trno Sales Of Stock Weighted Average Offering Price
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54.08
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296500000 usd
CY2021Q4 us-gaap Payments Of Stock Issuance Costs
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3300000 usd
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3000000 shares
CY2022 trno Stock Withdrawn During Period From Deferred Compensation Plan
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8929 shares
CY2021 trno Stock Withdrawn During Period From Deferred Compensation Plan
StockWithdrawnDuringPeriodFromDeferredCompensationPlan
0 shares
CY2020 trno Stock Withdrawn During Period From Deferred Compensation Plan
StockWithdrawnDuringPeriodFromDeferredCompensationPlan
0 shares
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CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
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356632 shares
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
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322866 shares
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
245075 shares
CY2020 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
341673 shares
CY2022Q4 us-gaap Number Of Real Estate Properties
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252 property
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
1850860000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
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1060256000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
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312218000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
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1850860000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
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1372473000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
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3346878000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
323631000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2946826000 usd
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2231228000 usd
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
422298000 usd
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
681970000 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
65379000 usd
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
30934000 usd
CY2022 trno Real Estate Construction In Progress
RealEstateConstructionInProgress
21623000 usd
CY2021 trno Real Estate Construction In Progress
RealEstateConstructionInProgress
14711000 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
73406000 usd
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
49851000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3398774000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2946826000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
279062000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
238073000 usd
CY2022 trno Sec Schedule Iii Real Estate Accumulated Depreciation Amortization
SECScheduleIIIRealEstateAccumulatedDepreciationAmortization
14253000 usd
CY2021 trno Sec Schedule Iii Real Estate Accumulated Depreciation Amortization
SECScheduleIIIRealEstateAccumulatedDepreciationAmortization
9581000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
48771000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
39498000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
18455000 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
8090000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
323631000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
279062000 usd

Files In Submission

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trno-20221231.htm Edgar Link pending
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trno-20221231_lab.xml Edgar Link unprocessable
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trno-20221231_htm.xml Edgar Link completed