Terreno Realty Corp TRNO 88.55
Real Estate · NYSE · Data as of 2026-08-05
Terreno Realty Corp (TRNO) has delivered +17.2% annualized revenue growth, +32.6% earnings growth, and +22.1% dividend growth over 10 years of data. Ranked #23 of 1968 stocks overall and #1 of 27 in the Real Estate sector by Steady Score.
About Terreno Realty Corp
Company Overview
Terreno Realty is an internally managed real estate investment trust that acquires, owns and operates industrial properties in six coastal U.S. markets: New York City and Northern New Jersey, Los Angeles, Miami, the San Francisco Bay Area, Seattle and Washington, D.C. Its portfolio includes warehouses and distribution buildings, flex industrial space, transshipment facilities and improved land, generally in supply- constrained infill locations near dense population and transportation networks.
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Business Model & Revenue
Terreno earns rental income by leasing industrial buildings and improved land to a diversified group of tenants. It acquires properties, renews or replaces leases, redevelops selected sites and may sell assets when appropriate. Revenue depends on occupied space, lease rates, recoveries of property expenses and the timing of acquisitions and dispositions. As a REIT, the company must meet tax qualification and distribution requirements, while financing its portfolio with equity and debt.
Key Facts & Market Position
The portfolio is deliberately limited to six large coastal markets rather than spread across the entire country. Terreno targets functional infill properties that can often serve multiple tenants and last-mile or regional distribution needs. Warehouse and distribution space supplies most annualized base rent, complemented by flex buildings, transshipment facilities and improved land.