# Terreno Realty Corp: overview

TRNO · NYSE · CIK 1476150 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/trno.md) · [Financials](/companies/trno/financials.md) · [Filings](/companies/trno/filings.md) · [Insiders](/companies/trno/insiders.md)

Latest reported revenue: [$124.7m](/filings/0001476150-26-000035.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:Revenues, accession 0001476150-26-000035).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [99.6](/filings/0001476150-25-000060.md) | [104 d](/filings/0001476150-26-000011.md) | [110](/filings/0001476150-26-000019.md) | [112](/filings/0001476150-26-000035.md) | [116](/filings/0001476150-25-000060.md) | [137 d](/filings/0001476150-26-000011.md) | [124](/filings/0001476150-26-000019.md) | [125](/filings/0001476150-26-000035.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [36.8%](/filings/0001476150-25-000060.md) | [73.4% d](/filings/0001476150-26-000011.md) | [43.6%](/filings/0001476150-26-000035.md) | [83.1%](/filings/0001476150-26-000035.md) | [88.9%](/filings/0001476150-25-000060.md) | [115.1% d](/filings/0001476150-26-000011.md) | [55.8%](/filings/0001476150-26-000035.md) | [46.2%](/filings/0001476150-26-000035.md) |
| Diluted EPS | $ per share | [0.37](/filings/0001476150-25-000060.md) | not reported | [0.47](/filings/0001476150-26-000019.md) | [0.90](/filings/0001476150-26-000035.md) | [1.00](/filings/0001476150-25-000060.md) | not reported | [0.66](/filings/0001476150-26-000019.md) | [0.54](/filings/0001476150-26-000035.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [222](/filings/0001476150-24-000004.md) | [276](/filings/0001476150-25-000004.md) | [324](/filings/0001476150-26-000011.md) | [383](/filings/0001476150-26-000011.md) | [476](/filings/0001476150-26-000011.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [39.3%](/filings/0001476150-24-000004.md) | [71.7%](/filings/0001476150-25-000004.md) | [46.8%](/filings/0001476150-26-000011.md) | [48.2%](/filings/0001476150-26-000011.md) | [84.6%](/filings/0001476150-26-000011.md) |
| Diluted EPS | $ per share | [1.23](/filings/0001476150-24-000004.md) | [2.61](/filings/0001476150-25-000004.md) | [1.81](/filings/0001476150-26-000011.md) | [1.92](/filings/0001476150-26-000011.md) | [3.91](/filings/0001476150-26-000011.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/trno/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.21bn | 18,739,008 |  | Added +940,286 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $783.2m | 12,091,627 |  | Added +602,980 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $696.0m | 10,746,277 |  | Added +428,440 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $389.0m | 5,959,932 |  | Added +157,800 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $309.9m | 4,784,199 |  | Added +146,214 |
| [PRINCIPAL FINANCIAL GROUP INC](/funds/1126328.md) | 2026-06-30 | $281.7m | 4,349,532 |  | Added +161,079 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $192.8m | 2,976,764 |  | Added +227,919 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $184.3m | 2,846,036 |  | Added +1,346,287 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $148.1m | 2,286,088 |  | Added +143,594 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $105.8m | 1,634,115 |  | Added +182,612 |

## Recent filings

[All 719 filings](/companies/trno/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-05 | 16:01 ET | [10-Q](/filings/0001476150-26-000035.md) | Quarterly report, period 2026-06-30 | 0001476150-26-000035 |
| 2026-05-06 | 16:35 ET | [8-K](/filings/0001193125-26-209168.md) | 5.07 Shareholder vote results | 0001193125-26-209168 |
| 2026-05-06 | 16:01 ET | [10-Q](/filings/0001476150-26-000019.md) | Quarterly report, period 2026-03-31 | 0001476150-26-000019 |
| 2026-03-20 | 08:00 ET | [DEF 14A](/filings/0001193125-26-116759.md) | Proxy statement, period 2026-05-05 | 0001193125-26-116759 |
| 2026-02-17 | 16:40 ET | [8-K](/filings/0001193125-26-054901.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-054901 |
| 2026-02-04 | 16:01 ET | [10-K](/filings/0001476150-26-000011.md) | Annual report, period 2025-12-31 | 0001476150-26-000011 |
| 2026-01-08 | 06:01 ET | [8-K](/filings/0001193125-26-006930.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-006930 |
| 2025-11-05 | 16:08 ET | [8-K](/filings/0001193125-25-266918.md) | 5.02 Departure or appointment of officers or directors | 0001193125-25-266918 |
| 2025-11-05 | 16:01 ET | [10-Q](/filings/0001476150-25-000060.md) | Quarterly report, period 2025-09-30 | 0001476150-25-000060 |
| 2025-08-06 | 16:01 ET | [10-Q](/filings/0001476150-25-000042.md) | Quarterly report, period 2025-06-30 | 0001476150-25-000042 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001476150-26-000011.md), filed Feb 4, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/86b52120-b97a-4d55-8d6f-bf671f4827b8)

## About the filer

- CIK: 1476150
- Tickers: TRNO
- Exchange: NYSE
- SIC code: 6500 Real Estate
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:40 ET. No prices; not investment advice.