Skip to main content
TRNOTerreno Realty CorporationHold5.7·$67.06-0.30%
Open full analysis

Terreno Realty Corporation (TRNO) Stock Analysis

Breakout setup

HoldModerate Confidence

Real Estate · REIT - Industrial

Hold if already holding. Not a fresh buy at $67.06, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: warehouse/distribution (80.5%); Analyst target reached - limited upside remaining.

Terreno Realty is an internally managed industrial REIT owning 309 buildings (~19.8M sqft) and 46 improved land parcels in six major coastal US markets (NYC/NJ, LA, Miami, SF Bay Area, Seattle, DC), 96.1% leased to 683 tenants. Revenue comes from industrial real estate leases:... Read more

$67.06-0.9% A.UpsideScore 5.7/10#3 of 15 REIT - Industrial
QualityF-score7 / 9FCF yield3.17%
IncomeYield3.09%(5y avg 2.67%)Payout50.00%
Stop $64.24Target $66.47(resistance)A.R:R -1.0:1
Analyst target$70.06+4.5%17 analysts
$66.47our TP
$67.06price
$70.06mean
$56
$80

Hold if already holding. Not a fresh buy at $67.06, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: warehouse/distribution (80.5%); Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 52, MACD bullish. Maintain position. Not compelling to add more. Score 5.7/10, moderate confidence.

Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 51d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-06-15
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Wed, Aug 5, 202651d to earnings· next earnings call

Thesis

Rewards
Strong growth profile
Wide economic moat
Risks
Concentration risk — Property Type: warehouse/distribution (80.5%)
Analyst target reached - limited upside remaining
Near 52-week high (1.1% away)

Key Metrics

P/E (TTM)16.4
P/E (Fwd)39.0
Mkt Cap$7.1B
EV/EBITDA27.2
Profit Mgn86.5%
ROE10.4%
Rev Growth12.7%
Beta1.06
Dividend3.09%
Rating analysts24

Quality Signals

Piotroski F7/9MoatWide

Options Flow

P/C0.21bullish
IV76%elevated

Concentration Risks(10-K Item 1A)

  • HIGHPropertywarehouse/distribution81%
    10-K Item 1: 'warehouse/distribution (approximately 80.5% of our total annualized base rent as of December 31, 2025)'
  • MEDIUMGeographicNew York City/Northern New Jersey27%
    10-K Item 1A: 'approximately 17.9% of our rentable square feet...were located in New York City/Northern New Jersey, representing a combined percentage of approximately 26.6% of our total annualized base rent.'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

Show full disclosure ▾

About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.

Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.

No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.

No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.

Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 floor-breaker

Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static

Ev Ebitda
0.0
Ps
0.3
Analyst Target
4.0
P Ocf
4.4
P/OCF: 26.1x (FFO proxy — REITs gated off P/E)
GatesA.R:R -1.0=NEGATIVEMomentum 5.1<5.5 (soft — BUY_NOW allowed but watch)Momentum 5.1>=4.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 51d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARBreakoutSuitability: Moderate
RSI
52 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $63.12Resistance $67.83

Price Targets

$64
$66
A.Upside-0.9%
A.R:R-1.0:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-6.0% upside)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-08-05 (51d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is TRNO stock a buy right now?

Hold if already holding. Not a fresh buy at $67.06, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: warehouse/distribution (80.5%); Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 52, MACD bullish. Maintain position. Not compelling to add more. Target $66.47 (-0.9%), stop $64.24 (−4.4%), A.R:R -1.0:1. Score 5.7/10, moderate confidence.

What is the TRNO stock price target?

Take-profit target: $66.47 (-0.9% upside). Target $66.47 (-0.9%), stop $64.24 (−4.4%), A.R:R -1.0:1. Stop-loss: $64.24.

What are the risks of investing in TRNO?

Concentration risk — Property Type: warehouse/distribution (80.5%); Analyst target reached - limited upside remaining; Near 52-week high (1.1% away).

Is TRNO overvalued or undervalued?

Terreno Realty Corporation trades at a P/E of 16.4 (forward 39.0). TrendMatrix value score: 3.0/10. Verdict: Hold.

What do analysts say about TRNO?

24 analysts cover TRNO with a consensus score of 3.9/5. Average price target: $70.

What does Terreno Realty Corporation do?Terreno Realty is an internally managed industrial REIT owning 309 buildings (~19.8M sqft) and 46 improved land parcels...

Terreno Realty is an internally managed industrial REIT owning 309 buildings (~19.8M sqft) and 46 improved land parcels in six major coastal US markets (NYC/NJ, LA, Miami, SF Bay Area, Seattle, DC), 96.1% leased to 683 tenants. Revenue comes from industrial real estate leases: warehouse/distribution 80.5%, improved land 10.1%, transshipment 6.0%, and flex 3.4% of annualized base rent. No single tenant exceeds 4.9% of annualized base rent.

Related stocks: FR (First Industrial Realty Trust, ) · NSA (National Storage Affiliates Tru) · EGP (EastGroup Properties, Inc.) · PSA (Public Storage) · SMA (SmartStop Self Storage REIT, In)
Home Stocks TRNO

Latest news

Latest News

MarketBeat48d agoEarnings
MarketBeat48d ago
Investing.com Nigeria41d ago
Investing.com41d ago
Yahoo Finance42d agoProduct
MSN45d ago
MarketBeat43d ago
Benzinga10d agoMerger Acquisition
Benzinga14d agoAnalyst
Benzinga25d ago