-0.24%
10.70%
9.21%
-4.30%
9.61%
-12.44%
14.34%
AI Spotlight on TRNO
Company Description
Terreno Realty Corporation and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited.As of September 30, 2020, the Company owned 219 buildings aggregating approximately 13.1 million square feet, 22 improved land parcels consisting of approximately 85.0 acres and one property under redevelopment expected to contain approximately 0.2 million square feet upon completion.The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.
Market Data
| Last Price | 65.47 |
| Change Percentage | -0.24% |
| Open | 65.39 |
| Previous Close | 65.63 |
| Market Cap ( Millions) | 6530 |
| Volume | 377148 |
| Year High | 71.63 |
| Year Low | 53.78 |
| M A 50 | 60.84 |
| M A 200 | 62.05 |
Financial Ratios
| FCF Yield | 1.60% |
| Dividend Yield | 2.87% |
| ROE | 4.94% |
| Debt / Equity | 18.51% |
| Net Debt / EBIDTA | 216.10% |
| Price To Book | 1.76 |
| Price Earnings Ratio | 38.49 |
| Price To FCF | 62.51 |
| Price To sales | 17.87 |
| EV / EBITDA | 35.09 |
News
- Jan -20 - Terreno Sells Property in California, Boosts Financial Flexibility
- Jan -17 - Terreno Realty Corporation Sells Property in South San Francisco, CA for $8.0 Million
- Jan -15 - California REITs see rating upgrades in the wake of fires
- Jan -14 - 5 Signs Of Unmatched Quality In Terreno Realty
- Jan -09 - Terreno Realty Sells Industrial Property in Union City
- Jan -08 - Terreno Realty Corporation Sells Property in Union City, CA for $16.9 Million
- Jan -07 - Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity
- Jan -05 - REITs Say 'Good Riddance' To 2024
- Jan -02 - Terreno Continues Acquisitions, Acquires Maspeth Queens Property
- Dec -31 - Terreno Realty Corporation Acquires Property in Queens, NY for $50.1 Million
- Dec -31 - My Top 10 REITs For 2025
- Dec -30 - Terreno Realty Corporation Acquires Property in Doral, FL for $195.6 Million
- Dec -26 - Terreno Realty Concludes Redevelopment in Rancho Dominguez
- Dec -24 - TRNO Pre-Leases 50% of Countyline Corporate Park Phase IV Building 32
- Dec -24 - Terreno Realty Corporation Announces Completion of Redevelopment in Rancho Dominguez, CA
- Dec -23 - Terreno Realty Corporation Announces Lease in Hialeah, FL
- Dec -13 - Terreno Realty Expands Portfolio With Property Buyout in Brooklyn
- Dec -12 - Terreno Realty Corporation Acquires Property in Brooklyn, NY, for $156.3 Million
- Dec -11 - Terreno Realty Corporation Sells Property in Newark, NJ for $29.8 Million
- Dec -09 - Terreno Boosts Portfolio With Acquisition in Long Island City Queens
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Rental - Same Store
Expected Growth : 4.78 %
What the company do ?
Rental - Same Store from Terreno Realty Corporation refers to the consistent rental income generated from existing properties, excluding new acquisitions or dispositions.
Why we expect these perspectives ?
Terreno Realty Corporation's 4.78% same-store rental growth is driven by strong industrial market fundamentals, including e-commerce growth, supply chain reconfigurations, and limited new supply. Additionally, the company's strategic focus on high-demand markets, such as Southern California and the New York/New Jersey area, contributes to its above-average growth.
Segment n°2 -> Tenant Expense Reimbursements - Same Store
Expected Growth : 4.83 %
What the company do ?
Tenant Expense Reimbursements - Same Store from Terreno Realty Corporation refers to the reimbursement of operating expenses to tenants in same-store properties, ensuring consistent rent and expense reporting.
Why we expect these perspectives ?
The 4.83% growth in Tenant Expense Reimbursements - Same Store at Terreno Realty Corporation is driven by a combination of factors, including increasing occupancy rates, rising property operating expenses, and contractual rent escalations. Additionally, the company's focus on high-quality, infill industrial properties in prime markets has contributed to the growth, as tenants are willing to pay premiums for strategic locations.
Segment n°3 -> Rental - Non-same Store
Expected Growth : 4.78 %
What the company do ?
Rental - Non-same Store from Terreno Realty Corporation refers to rental revenue from properties not open or acquired in the same period, excluding same-store properties.
Why we expect these perspectives ?
Terreno Realty Corporation's 4.78% Rental - Non-same Store growth is driven by strategic acquisitions, increasing occupancy rates, and rent growth in key markets such as California and New Jersey. Additionally, the company's focus on industrial properties, which are in high demand, contributes to its growth. Effective asset management and capital allocation also support the company's growth momentum.
Segment n°4 -> Tenant Expense Reimbursements - Non-same Store
Expected Growth : 4.83 %
What the company do ?
Tenant Expense Reimbursements - Non-same Store refers to the reimbursement of operating expenses to tenants in non-same store properties by Terreno Realty Corporation.
Why we expect these perspectives ?
The 4.83% growth in Tenant Expense Reimbursements - Non-same Store is driven by increasing occupancy rates, rising property operating expenses, and a growing non-same store portfolio. Additionally, Terreno Realty's strategic acquisitions and expansions into high-demand markets have contributed to the growth, as well as the company's ability to pass through operating expenses to tenants.
Terreno Realty Corporation Products
| Product Range | What is it ? |
|---|---|
| Industrial Properties | Terreno Realty Corporation owns and operates industrial properties, including warehouses, distribution centers, and light industrial facilities, providing space for manufacturing, logistics, and distribution activities. |
| Flex Properties | Terreno Realty Corporation's flex properties combine office and industrial space, catering to businesses that require a mix of administrative and production areas. |
| R&D Properties | Terreno Realty Corporation's R&D properties are designed to support the research, development, and production activities of technology, biotechnology, and pharmaceutical companies. |
| Cold Storage Properties | Terreno Realty Corporation's cold storage properties provide temperature-controlled environments for the storage and distribution of perishable goods, such as food, pharmaceuticals, and biotechnology products. |
Terreno Realty Corporation's Porter Forces
Threat Of Substitutes
Terreno Realty Corporation operates in the industrial real estate sector, which has a moderate threat of substitutes. While there are alternative options for logistics and warehousing, the company's focus on high-quality facilities and strategic locations mitigates this threat to some extent.
Bargaining Power Of Customers
Terreno Realty Corporation's customers are primarily third-party logistics providers, e-commerce companies, and manufacturers. These customers have limited bargaining power due to the company's diversified tenant base and long-term leases.
Bargaining Power Of Suppliers
Terreno Realty Corporation has a diversified supplier base, which reduces the bargaining power of individual suppliers. The company's scale and financial resources also give it negotiating power in procurement.
Threat Of New Entrants
The industrial real estate sector has high barriers to entry, including significant capital requirements and regulatory hurdles. This limits the threat of new entrants and allows established players like Terreno Realty Corporation to maintain their market position.
Intensity Of Rivalry
The industrial real estate sector is moderately competitive, with several established players competing for tenants and market share. However, Terreno Realty Corporation's focus on high-quality facilities and strategic locations helps it to differentiate itself from competitors.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 31.56% |
| Debt Cost | 4.32% |
| Equity Weight | 68.44% |
| Equity Cost | 8.24% |
| WACC | 7.00% |
| Leverage | 46.11% |
Terreno Realty Corporation : Quality Control
Terreno Realty Corporation passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| FR | First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to … |
| STAG | STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of … |
| EGP | EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major … |
| REXR | Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and … |
| LXP | Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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EastGroup Properties
A-Score
1-Year Total Return ->
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Terreno Realty
A-Score
1-Year Total Return ->
🥉
STAG Industrial
A-Score
1-Year Total Return ->
4
First Industrial Realty Trust
A-Score
1-Year Total Return ->
5
Rexford Industrial Realty
A-Score
1-Year Total Return ->
6
