TRNO

HoldFallen Favourite

Terreno Realty Corporation · Real Estate · United States · $7.2B cap · $49.7M/day traded

$66.10 +2.0% · close 12 Oct · scored 14 Oct

Fallen Favourite: A good business, still expensive, and the price is falling.

44
StockRank
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Report expected 4 Nov: the next-year EPS estimate has risen 1.3% over the last 13 weeks.

Quality
66
Value
22
Momentum
49

As of 14 Oct 2026, MoatMap's StockRank for Terreno Realty Corporation (TRNO) is 44/100, ranked against 24,000+ stocks in 35 markets (Quality 66, Value 22, Momentum 49, each scored against its sector).

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
17.4x
peers 22.0x
ROE
9.3%
peers 4.6%
D/E
0.2x
peers 1.1x
Dividend %
3.2%
trailing yield

ABOUT TERRENO REALTY CORPORATION

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Terreno Realty Corporation is an industrial real estate investment trust (REIT) focused on acquiring and operating infill logistics and transshipment properties in six major coastal markets across the United States. The company strategically targets properties in supply-constrained urban locations, benefiting from the growing demand for last-mile distribution and e-commerce fulfillment. Its concentrated portfolio in high-barrier-to-entry markets drives strong occupancy rates and rental growth.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue276.2M323.6M382.6M476.4M19.9%502.9M511.9M574.0M9.8%
EPS2.611.811.923.9214.5%3.724.504.365.4%
Shares76.5M87.5M99.2M103.6M+35.5%109.0M———
Debt770.8M771.6M823.4M943.3M7.0%948.3M———
Equity2.2B2.9B3.7B4.1B23.0%————
Op CF143.2M179.7M232.7M271.9M23.8%286.6M———
Inv CF-337.7M-570.4M-915.5M-452.4M—————
Fin CF17.7M528.9M534.9M187.8M—————
Loading 1Y...
PRICE (1Y) · USD-0.2%
63.364.164.965.766.431 Aug22 Sep12 Oct
SMA 50SMA 200

Price checkNo clear trendExperimental

No clear trend: not near its 52-week low, and not in a steady uptrend.

SwingsCalm

Calmer than 91% of stocks we rank over the past year (20% a year).

How this is worked out

StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.

The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
$66.10
RSI (14)
51.7
52-Week Range-15.5% from high
Low $54.07High $78.26

SCORE BREAKDOWN

Quality
66
ROIC
8.4%73.3
ROE
9.3%69.0
GP/Assets
7.1%61.5
Op. Margin
41.8%61.4
FCF/Assets
4.0%69.2
Piotroski
660.9
Int. Cover
12.0x74.6
D/E Ratio
0.21x83.6
Current Ratio
0.62x23.1
Value
22
P/E (TTM)
17.4x35.4
EV/EBITDA
26.2x19.8
P/FCF
33.2x17.5
P/B
1.6x20.6
P/S
14.0x6.4
Div Yield
3.2%27.1
Momentum
49
52W High %
84%62.9
RS 6M
-12%51.5
SMA 50/200
1.03x77.4
EPS Rev 4W
0.0%47.8
EPS Rev 12W
+1.3%74.9
EPS Improve
-53%10.1
Q Growth
-38%15.6

FUNDAMENTALS

Market Cap
$7.2B
P/E (Forward)
36.7x
Gross Margin
76.2%

SECTOR PEERS

Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of TRNO are excluded.

TickerCompanyMkt CapStockRankSignal
TRNOTerreno Realty Corporation(you)$7.2B44Hold
STAGSTAG Industrial, Inc.$7.2B50Hold
REXRRexford Industrial Realty, Inc.$8.7B46Hold
FRFirst Industrial Realty Trust, Inc.$8.4B56Hold
LXPLXP Industrial Trust$3.6B48Hold
EGPEastGroup Properties, Inc.$10.9B54Hold
COLDAmericold Realty Trust, Inc.$4.1B51Hold
LINELineage, Inc.$9.1B25Sell
CUBECubeSmart$8.6B68Buy
SMASmartStop Self Storage REIT, Inc.$1.8B46Hold

Peer medians: ROE 4.6% · P/E 22.0x · Gross margin 67.3%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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Terreno Realty Corporation (TRNO): Stock Score Summary

Terreno Realty Corporation (TRNO) has a MoatMap StockRank of 44/100 based on Quality (66/100), Value (22/100), and Momentum (49/100) factor scores. The current signal is HOLD.

Terreno Realty Corporation is an industrial real estate investment trust (REIT) focused on acquiring and operating infill logistics and transshipment properties in six major coastal markets across the United States. The company strategically targets properties in supply-constrained urban locations, benefiting from the growing demand for last-mile distribution and e-commerce fulfillment. Its concentrated portfolio in high-barrier-to-entry markets drives strong occupancy rates and rental growth.

Key Financial Metrics

Price$66.10
Market Cap$7.2B
P/E (TTM)17.42
P/E (Forward)36.71
Price/Book1.57
Return on Equity9.3%
Return on Invested Capital8.4%
Debt/Equity0.21x
Gross Margin76.2%
Operating Margin41.8%
Revenue Growth11.1%
Dividend Yield3.2%
Free Cash Flow$217M

Terreno Realty Corporation operates in the REIT - Industrial industry, part of the Real Estate sector (United States).

Frequently Asked Questions

What is Terreno Realty Corporation’s (TRNO) StockRank?
MoatMap’s StockRank for Terreno Realty Corporation (TRNO) is 44/100, with a Hold signal. It is a composite of Quality (66), Value (22), and Momentum (49), each scored against its sector. The composite is then ranked across MoatMap’s universe of 24,000+ stocks.
Does Terreno Realty Corporation have an economic moat?
Terreno Realty Corporation (TRNO) has a Quality factor score of 66/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Terreno Realty Corporation a buy, hold, or sell?
MoatMap’s current signal for Terreno Realty Corporation (TRNO) is Hold, based on a StockRank of 44/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Terreno Realty Corporation in?
Terreno Realty Corporation (TRNO) operates in the Real Estate sector, specifically the REIT - Industrial industry (United States).