olivLaw · US equity research
Terreno Realty Corporation TRNO
Real Estate · SIC 6500 · Vertical: Real Estate (SIC 6500)
Terreno Realty Corporation is a REIT that owns and operates industrial properties in six major coastal U.S. markets, with a focus on warehouse and distribution buildings. The company reported building occupancy of 97.6% at June 30, 2026, a figure relevant to demand for logistics space in large coastal cities.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Terreno Realty Corporation (TRNO) stock was 67.99 USD (+2.00% on the day), with market capitalisation 7.5 bn USD, P/E 20.3 on diluted EPS of 3.35 USD over the last 12 months, dividend yield 3.13%, beta 0.67, 52-week range 58.01–75.08 USD. Latest reported quarter (Q3 2026): revenue of 132.2 m USD (+13.7% YoY), net income of 68.1 m USD (−34.1% YoY), diluted EPS 0.62 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 63.9
- strong (55–70)
- Bollinger (20, 2)
- 63.23 – 67.38
- above the upper band · %B 1.15 · band width 6.4%
- SMA 50 / 200
- 65.52 / 65.87
- mixed trend
- MACD (12, 26, 9)
- 0.30 / -0.06
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +5.5% | −1.1% | +6.6 pp | — |
| 3 months | −2.1% | −0.5% | −1.6 pp | — |
| 6 months | +2.9% | +4.4% | −1.5 pp | — |
| Year to date | +15.8% | +12.3% | +3.5 pp | — |
| 1 year | +17.4% | +13.5% | +3.9 pp | −12.2% |
| 3 years | +21.5% | +76.4% | −54.9 pp | −5.4% |
| 5 years | −8.8% | +63.7% | −72.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 103.7 m | 110.4 m | 112.2 m | 116.2 m | 137.5 m | 124.4 m | 124.7 m | 132.2 m |
| Depreciation & amortisation | 25.9 m | 26.9 m | 28.0 m | 28.4 m | 38.3 m | 29.5 m | 29.2 m | 30.5 m |
| Interest expense | 5.3 m | 7.9 m | 7.0 m | 8.4 m | 9.5 m | 9.0 m | 8.3 m | 8.5 m |
| Net income | 76.1 m | 48.1 m | 93.3 m | 103.4 m | 158.2 m | 69.4 m | 57.6 m | 68.1 m |
| Diluted EPS | 0.76 ≈ | 0.47 | 0.90 | 1.00 | 1.53 ≈ | 0.66 | 0.54 | 0.62 |
| Operating cash flow | 51.3 m | 61.4 m | 60.6 m ≈ | 79.5 m ≈ | 70.3 m | 61.9 m | 74.9 m ≈ | 81.2 m ≈ |
| Dividends paid | 48.9 m | 48.9 m | 50.6 m ≈ | 50.6 m ≈ | 53.8 m | 54.1 m | 55.3 m ≈ | 56.3 m ≈ |
| Share repurchases | 0 | 1.9 m | 51.0 k ≈ | 1.3 m ≈ | 0 | 2.3 m | 34.0 k ≈ | 1.5 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 16 percentile of its own 32-quarter history (min 15.0, median 33.8, max 69.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 151.7 m | 171.0 m | 186.9 m | 221.9 m | 276.2 m | 323.6 m | 382.6 m | 476.4 m |
| Revenue YoY | +14.5% | +12.8% | +9.3% | +18.8% | +24.5% | +17.2% | +18.2% | +24.5% |
| Net income | 63.3 m | 55.5 m | 79.8 m | 87.3 m | 198.0 m | 151.5 m | 184.5 m | 403.0 m |
| Net income YoY | +19.2% | −12.3% | +43.7% | +9.3% | +126.9% | −23.5% | +21.8% | +118.4% |
| Diluted EPS | 1.09 | 0.85 | 1.16 | 1.23 | 2.61 | 1.81 | 1.92 | 3.91 |
| Diluted EPS YoY | +14.7% | −22.0% | +36.5% | +6.0% | +112.2% | −30.7% | +6.1% | +103.6% |
| net % | 41.7% | 32.5% | 42.7% | 39.3% | 71.7% | 46.8% | 48.2% | 84.6% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 25.0 m USD
- Financial debt
- 943.3 m USD
- Net debt
- 918.3 m USD
- Equity
- 4.1 bn USD
- Total assets
- 5.4 bn USD
- Debt / equity
- 0.23x
- Current ratio
- unavailable
- ROE
- 10.3%
- ROA
- 7.9%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 186.9 m | 221.9 m | 276.2 m | 323.6 m | 382.6 m | 476.4 m | SEC (XBRL)· 04 Feb 2026verified |
| Depreciation & amortisation | 45.9 m | 50.7 m | 65.8 m | 73.2 m | 93.9 m | 121.6 m | SEC (XBRL)· 04 Feb 2026verified |
| Interest expense | 16.0 m | 18.1 m | 23.9 m | 24.8 m | 20.9 m | 32.9 m | SEC (XBRL)· 04 Feb 2026verified |
| Net income | 79.8 m | 87.3 m | 198.0 m | 151.5 m | 184.5 m | 403.0 m | SEC (XBRL)· 04 Feb 2026verified |
| Diluted EPS | 1.16 | 1.23 | 2.61 | 1.81 | 1.92 | 3.91 | SEC (XBRL)· 04 Feb 2026verified |
| Weighted average diluted shares | 68.2 m | 70.8 m | 75.6 m | 83.4 m | 95.8 m | 102.7 m | SEC (XBRL)· 04 Feb 2026verified |
| Dividend per share | 1.12 | 1.26 | 1.48 | 1.70 | 1.88 | 2.02 | SEC (XBRL)· 04 Feb 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 107.2 m | 204.4 m | 26.4 m | 165.4 m | 18.1 m | 25.0 m | SEC (XBRL)· 04 Feb 2026verified |
| Total assets | 2.1 bn | 2.9 bn | 3.2 bn | 3.9 bn | 4.8 bn | 5.4 bn | SEC (XBRL)· 04 Feb 2026verified |
| Long-term debt | 459.1 m | 720.7 m | 770.8 m | 771.6 m | 823.4 m | 943.3 m | SEC (XBRL)· 04 Feb 2026verified |
| Total liabilities | 551.6 m | 866.3 m | 934.6 m | 990.1 m | 1.1 bn | 1.2 bn | SEC (XBRL)· 04 Feb 2026verified |
| Equity | 1.6 bn † | 2.1 bn † | 2.2 bn † | 2.9 bn † | 3.7 bn † | 4.1 bn † | SEC (XBRL)· 04 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 101.1 m | 132.2 m | 143.2 m | 179.7 m | 232.7 m | 271.9 m | SEC (XBRL)· 04 Feb 2026verified |
| Investing cash flow | -52.1 m | -666.4 m | -337.7 m | -570.4 m | -915.5 m | -452.4 m | SEC (XBRL)· 04 Feb 2026verified |
| Financing cash flow | -53.9 m | 631.2 m | 17.7 m | 528.9 m | 534.9 m | 187.8 m | SEC (XBRL)· 04 Feb 2026verified |
| Dividends paid | 74.8 m | 84.6 m | 107.4 m | 135.9 m | 175.0 m | 203.9 m | SEC (XBRL)· 04 Feb 2026verified |
| Share repurchases | 9.8 m | 582.0 k | 1.0 m | 1.5 m | 3.3 m | 3.3 m | SEC (XBRL)· 04 Feb 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Market and valuation
9 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 57 / 100
A scoring methodology on indicators and valuation, not investment advice.
(margin_of_safety <= -0.25 & agreement in ['high', 'medium'])
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 7.5 bn USD
Key indicators
Coverage and freshness
Score by group
- Returns51
- Growth100
- Valuation43
- Quality72
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 20.58 – 68.05 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Net asset value (NAV)unavailable · input data missing
- Dividend discount (DDM)26.54 – 35.70 (Mid 30.45)
- Peers: P/B20.58 – 68.05 (Mid 35.14)19 companies used · median multiple 0.8x · quartiles 0.5x – 1.6xAEI, AHRT, AIRE, BEEP, CBRE, CHCI, CIGI, CMTG, CURB, CWK, FOR, FRPH, GTY, HPP, IIPR, LPA, OPI, TRC, UE
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 57/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 8.3% | 72 (vs peers) | 10% |
| EBITDA margin · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 19.9% | 100 (on a fixed band) | 14% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| P/B · Valuation | 1.6x | 36 (vs peers) | 31% |
| P/E (TTM) · Valuation | 20.3x | 60 (vs peers) | 14% |
| Dividend yield · Returns | 3.1% | 43 (vs peers) | 24% |
| Payout ratio (EPS) · Returns | 63.6% | 81 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/2 factors with a value
- Growth100/100 · 1/1 factors with a value
- Quality· partial72/100 · 1/2 factors with a value
- Returns51/100 · 2/2 factors with a value
- Valuation43/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Terreno Realty Corporation (TRNO). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 476.4 m USD in 2025; YoY growth 24.5%; net margin 68.1%; ROE 8.3%.
The estimated value range is 23.56–51.88 USD per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 32.79 USD, the price of 67.99 USD leaves a potential of -51.8% (value / price − 1) and a margin of safety of -107.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 57/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance, quality. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROE: 8.3%
- Revenue CAGR 3Y: 19.9%
- Payout ratio (EPS): 63.6%
What contradicts it
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): EBITDA margin, Net debt / EBITDA, Interest coverage.
Versus the vertical median
Real Estate (SIC 6500) · same industry (4-digit SIC) · compared with 31 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CBRECbre Group, Inc. | 40.7 bn | 30.2 | 16.1% | 3.1% | +13.4% | −13% / +79% |
| VTMXVesta Real Estate Corporation, S.A.B. de C.V. | 32.7 bn | 131.8 | 9.1% | 85.4% | +12.2% | +19% / −2% |
| TRNOTerreno Realty Corporation | 7.5 bn | 20.3 | 8.3% | 68.1% | +24.5% | +17% / +21% |
| FSVFirstService Corporation | 7.1 bn | 49.0 | 14.9% | 3.5% | +5.4% | −1% / −1% |
| CIGIColliers International Group Inc. | 4.0 bn | 48.8 | 15.7% | 4.0% | +15.3% | −32% / −5% |
| CURBCurbline Properties Corp. | 3.7 bn | 125.4 | 1.3% | 11.2% | +51.3% | +26% / unavailable |
| CWKCushman & Wakefield Ltd. | 3.5 bn | 50.5 | 3.4% | 0.6% | +8.9% | −11% / +82% |
| UEUrban Edge Properties | 2.7 bn | 24.6 | 7.9% | 22.2% | +6.1% | +10% / +26% |
| GTYGetty Realty Corp. | 1.9 bn | 17.4 | 8.9% | 42.4% | +9.0% | +1% / −2% |
| IIPRInnovative Industrial Properties, Inc. | 1.6 bn | 12.5 | 7.6% | 53.2% | −13.8% | +14% / −31% |
| FORForestar Group Inc. | 1.3 bn | 7.5 | 9.6% | 9.9% | +10.1% | −2% / −18% |
| HPPHudson Pacific Properties, Inc. | 572.8 m | — | -19.8% | -69.1% | −1.3% | −24% / −74% |
| DUOFangdd Network Group Ltd. | 548.5 m | — | -17.9% | -23.9% | +9.2% | −68% / −96% |
| AHRTAh Realty Trust, Inc. | 500.6 m | — | -6.7% | -18.2% | +4.1% | +3% / −38% |
| TRCTejon Ranch Co. | 439.9 m | 71.3 | 1.3% | 10.6% | +18.4% | +0% / +3% |
| FRPHFrp Holdings, Inc. | 360.7 m | 2,041,655.0 | 0.0% | 0.2% | +2.6% | −19% / −32% |
| MLPMaui Land & Pineapple Co Inc | 289.5 m | — | -16.1% | -28.6% | +68.2% | −8% / −2% |
| OPIOffice Properties Income Trust | 285.6 m | — | -40.5% | -73.0% | −11.8% | unavailable / unavailable |
| CMTGClaros Mortgage Trust, Inc. | 261.0 m | — | -36.5% | -391.9% | −24.4% | −44% / −85% |
| CHCIComstock Holding Companies, Inc. | 165.7 m | 6.7 | 36.4% | 32.2% | +22.6% | +46% / +352% |
| BEEPMobile Infrastructure Corporation | 100.4 m | — | -16.1% | -67.2% | −5.2% | −22% / −54% |
| LPALogistic Properties of the Americas | 78.1 m | 7.5 | 4.3% | 20.9% | +14.3% | −27% / unavailable |
| OZBelpointe PREP, LLC | 47.6 m | — | — | -212.1% | +243.4% | −41% / −50% |
| AEIAlset Inc. | 21.1 m | — | -43.4% | -951.4% | −78.8% | −80% / −54% |
| CWDCalibercos Inc. | 4.7 m | — | — | -117.3% | −60.7% | −80% / −98% |
1- and 3-year price returns: for TRNO from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 42.51 Total return -35% · Per year -35% | 74.81 Total return 13% · Per year 13% | 112.22 Total return 69% · Per year 69% |
| 3 years | 50.42 Total return -17% · Per year -6% | 98.94 Total return 57% · Per year 16% | 161.59 Total return 153% · Per year 36% |
| 5 years | 59.81 Total return 4% · Per year 1% | 130.85 Total return 116% · Per year 17% | 232.69 Total return 273% · Per year 30% |
- Exit P/E± 24.73
- Net margin± 17.31
- Annual revenue growth± 12.91
- Annual dilution± 1.45
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 10-Q (04 Nov 2026).
In brief
Terreno Realty Corporation is a REIT that owns and operates industrial properties in six major coastal U.S. markets, with a focus on warehouse and distribution buildings. The company reported building occupancy of 97.6% at June 30, 2026, a figure relevant to demand for logistics space in large coastal cities.
SWOT
Strengths
- The portfolio is concentrated in coastal markets with high demand and limited supply, which can support rents. Building occupancy at June 30, 2026 was high 2. The financing strategy aims at a conservative balance sheet and an investment grade rating.
- The company has a history of selling properties at attractive returns and reinvesting the capital into assets with better prospects 1.
- Internal management and reliance on local third-party managers for day-to-day operations provide operational flexibility and access to acquisition opportunities 1.
Weaknesses
- Geographic concentration in six coastal markets exposes the company to local economic conditions. A significant share of rent comes from New York City/Northern New Jersey 12.
- The remaining lease term is short in some markets, which can create exposure to renewals and lower rents 2.
- Dependence on third-party property managers for daily operations could affect service quality and cash flow 1.
Opportunities
- Acquiring properties below replacement cost and repositioning assets could generate additional returns 1. Development projects, such as those in Miami, could add space with new rents 1.
- If supply in target markets stays limited, re-leasing vacated space could be achieved at higher rents.
- Selective sales of low-return assets could free capital for projects with better prospects 1.
Threats
- A recession in the industrial sector or in local markets could reduce occupancy and rents 12. Supply chain disruptions and trade tariffs are also risks.
- High interest rates and higher construction costs could hurt development returns and refinancing capacity 2.
- Environmental risks, natural disasters and zoning changes could create uninsured costs or reduce property values 1.
Risks
- Geographic concentrationhigh
Activity is concentrated in six coastal markets, and a decline in local economies could significantly affect revenue and distributions to stockholders 1.
- Lease renewals and re-leasingmedium
If tenants do not renew or space is not re-leased at current rents, revenue could decline and additional tenant improvement spending could be required 1.
- Financing and refinancing costsmedium
A weaker credit rating or higher interest rates could make financing more expensive and limit access to capital for acquisitions 12.
- Impairment of real estate valuesmedium
Declining property valuations could lead to impairment charges with a direct effect on net income and financial condition 1.
- Environmental liabilitieslow
Costs to clean up contaminated properties or comply with environmental laws could be material and could reduce funds available for distributions 1.
Investment thesis
What would need to be true (bull case)
- High portfolio occupancy and concentration in coastal markets with limited supply could support rents over the long term 12.
- The company's history of reinvesting sale proceeds into better-returning properties could support revenue growth 1.
- If development projects in progress are completed at estimated returns, they could add new revenue without depending solely on acquisitions 1.
What would break the thesis
- Heavy exposure to a few markets could amplify the effect of a local recession on rents and occupancy 1.
- High interest rates and operating costs could compress margins and limit the ability to finance new projects 2.
- If tariffs and geopolitical tensions reduce trade activity, demand for logistics space could decline 2.
What to watch
- Occupancy and rent trends in New York City/Northern New JerseyQ3 2026
- Completion of projects under development and their stabilization at estimated returns2027
- Level of financing costs and changes in credit ratingnext 10-K
- Effect of tariffs and supply chain disruptions on tenant demandQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 10-Q (04 Nov 2026).
The business
Terreno Realty Corporation, referred to here as Terreno, acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, the San Francisco Bay Area, Seattle and Washington, D.C. The strategy targets functional properties in infill locations that may be shared by multiple tenants 1. As of December 31, 2025 the company owned 309 buildings, about 19.8 million square feet, plus 46 improved land parcels and six properties under development or redevelopment 1. Terreno is an internally managed Maryland corporation that has been taxed as a REIT since fiscal 2010 1.
Segments
Warehouse and distribution
Warehouse and distribution buildings are the dominant segment, with about 80.5% of total annualized base rent at December 31, 2025 1 and about 80.1% at June 30, 2026 2. These are buildings typically serving tenants above 10,000 square feet, with clear heights of 18 to 36 feet and dock-high access 1.
Improved land and transshipment
Improved land, used for outdoor storage of trucks, trailers and cars, represented about 10.1% of annualized base rent at December 31, 2025 1, while transshipment represented about 6.0% 1. By June 30, 2026 the land share had fallen to about 9.5% and the transshipment share had risen to about 6.3% 2.
Market context
Terreno operates only in coastal markets with dense populations, where supply of land for industrial development is constrained by physical or regulatory factors 1. At June 30, 2026 the largest share of annualized base rent came from New York City/Northern New Jersey, about 24.3% of the total 2, followed by Miami at about 20.6% 2. The company reported annualized base rent of about 17.40 dollars per occupied square foot at the same date 2.
Trends
- Demand for logistics space in coastal citiestailwind
Demand for warehouses close to ports and consumer markets could support rents, particularly in markets with restricted supply such as those in which Terreno operates 1. If this demand holds, the portfolio's high occupancy could support revenue.
- Trade and geopolitical uncertaintyheadwind
The company notes that a decline in economic activity or supply chain disruptions caused by geopolitical changes, trade policies and tariffs could affect demand for industrial space 2. Such an effect could reduce rents or occupancy.
- Cost of financing and capitalmixed
Elevated interest rates and higher operating costs could affect the company's ability to finance acquisitions and development, a risk Terreno lists among the factors that could influence results 2. The company has set leverage targets, such as keeping debt and perpetual preferred below 30% of total enterprise value 1.
- Artificial intelligence and cyber securitymixed
The use of artificial intelligence and risks from cyber attacks are cited as factors that could affect the company's operations or those of its tenants 12. The impact depends on how these technologies are adopted and protected.
Competitive position
Terreno states that the market for industrial real estate acquisitions is highly competitive, with pension funds, banks, insurance companies, other REITs and private investors competing for similar properties 1. Competition for tenants comes from owners and managers of comparable properties, which may require free rent periods or spending on improvements 1.
- Other REITs and real estate investment companies
Named in the source as participants in acquiring industrial properties, without specific names in the supplied texts.
- Pension funds and their advisors
Institutional investors competing for the same industrial assets, according to the company.
- Banks and insurance company investment accounts
Investors that can provide financing or capital for acquisitions of comparable real estate assets.
- Owners and managers of competing industrial buildings
Compete for tenants in the same markets, which can lead to rent concessions or added investment.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report04 Nov 2026
- Quarterly report05 Aug 2026
- Current report06 May 2026Shareholder vote
- Quarterly report06 May 2026
- Proxy statement20 Mar 2026
- Current report17 Feb 2026Other events · Financial statements and exhibits
- Annual report04 Feb 2026
- Current report08 Jan 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report05 Nov 2025Departure or appointment of officers
- Quarterly report05 Nov 2025
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Terreno Realty Corporation · 04 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Terreno Realty Corporation · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.