TRNO Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

124.72M

+20.26%

0.500

-34.21%

122.06M

+10.54%

0.357

-24.02%

125.21M

+11.56%

0.372

-58.71%

Estimates Revision

The market is revising Upward the revenue expectations for Terreno Realty Corporation (TRNO) for FY2025, with the revenue forecasts being adjusted by 1.8% over the past three months. During the same period, the stock price has changed by 6.31%.

Revenue Estimates for FY2025

Revise Upward

+1.8%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+33.8%

In Past 3 Month

Stock Price

Go Up

+6.31%

In Past 3 Month

13 Analyst Rating

Wall Street analysts forecast TRNO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRNO is 65.55 USD with a low forecast of 57.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

7 Buy

5 Hold

1 Sell

Moderate Buy

Current: 0.000

Low

57.00

Averages

65.55

High

75.00

Current: 0.000

Low

57.00

Averages

65.55

High

75.00

Baird

Neutral -> Outperform

upgrade

$63 -> $64

2026-01-08

New

Reason

Baird

Price Target

$63 -> $64

2026-01-08

New

upgrade

Neutral -> Outperform

Reason

Baird upgraded Terreno Realty to Outperform from Neutral with a price target of $64, up from $63. The firm says that with stock valuations reflecting anticipated fundamental improvements, the industrial real estate sector's risk/reward appears balanced. As such, it moved to an Market Weight from Overweight sector position. Baird views Terreno's setup as more favorable entering 2026. While coastal markets have been relative laggards in demand, the company's portfolio could benefit from changing macro conditions, says Baird.

Cantor Fitzgerald

Overweight

downgrade

$70 -> $67

2026-01-05

New

Reason

Cantor Fitzgerald

Price Target

$70 -> $67

2026-01-05

New

downgrade

Overweight

Reason

Cantor Fitzgerald lowered the firm's price target on Terreno Realty to $67 from $70 and keeps an Overweight rating on the shares. U.S. equity REITs returned 2.9% in 2025, lagging the S&P 500, but 2026 may offer optimism with a potentially more supportive macro environment and an accelerating M&A theme, the analyst tells investors in a research note. Stable supply and demand fundamentals, balance sheet strength, and a well-covered, growing 4% dividend yield make the sector attractive despite past underperformance, Cantor adds.

Mizuho

Underperform

maintain

$53 -> $56

2025-12-04

Reason

Mizuho

Price Target

$53 -> $56

2025-12-04

maintain

Underperform

Reason

Mizuho raised the firm's price target on Terreno Realty to $56 from $53 and keeps an Underperform rating on the shares. While the "easy money has been made" in industrial real estate investment trusts in fiscal 2025, the REIT subsector should at least produce "average" returns in 2026, the analyst tells investors in a research note. Mizuho sees more upside and takes a slightly more offensive stance heading into next year.

KeyBanc

Overweight

maintain

$64 -> $68

2025-12-04

Reason

KeyBanc

Price Target

$64 -> $68

2025-12-04

maintain

Overweight

Reason

KeyBanc raised the firm's price target on Terreno Realty to $68 from $64 and keeps an Overweight rating on the shares. The firm expects the company to generate double-digit FFO growth in 2026 and early 2027 driven by the combination of above-average occupancy, steady development leasing, and recent leasing wins at several key assets. Leasing has been steady despite a difficult 2025 with cash rent change of about 24% year-to-date, and KeyBanc expects 2026 rent change to remain in a similar range.

Wells Fargo

Equal Weight

maintain

$60 -> $63

2025-11-25

Reason

Wells Fargo

Price Target

$60 -> $63

2025-11-25

maintain

Equal Weight

Reason

Wells Fargo raised the firm's price target on Terreno Realty to $63 from $60 and keeps an Equal Weight rating on the shares. The firm says that despite a few high-profile exceptions, most REITs delivered Q3 2025 earnings and outlooks reflecting healthy operating conditions despite macro and labor market concerns.

Citi

Neutral

maintain

$58 -> $64

2025-11-13

Reason

Citi

Price Target

$58 -> $64

2025-11-13

maintain

Neutral

Reason

Citi raised the firm's price target on Terreno Realty to $64 from $58 and keeps a Neutral rating on the shares.

Valuation Metrics

The current forward P/E ratio for Terreno Realty Corp (TRNO.N) is 36.87, compared to its 5-year average forward P/E of 46.58. For a more detailed relative valuation and DCF analysis to assess Terreno Realty Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

46.58

Current PE

36.87

Overvalued PE

57.27

Undervalued PE

35.88

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

27.19

Current EV/EBITDA

21.09

Overvalued EV/EBITDA

32.23

Undervalued EV/EBITDA

22.14

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

16.09

Current PS

12.21

Overvalued PS

19.00

Undervalued PS

13.18

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds areBuying! The buying amount has increased 891.74% over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

TRNO News & Events

Events Timeline

No data

News

6.0

01-08Benzinga

Analysts Upgrade Alphabet's Price Target to $370

6.0

01-08Benzinga

BTIG Raises Abivax Price Target to $150, Maintains Buy Rating

7.5

2025-12-29Businesswire

Terreno Realty Secures $35.8M Full-Property Lease in Long Island City, NY

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Frequently Asked Questions

What is Terreno Realty Corp (TRNO) stock price today?

The current price of TRNO is 59.47 USD — it has decreased -0.02 % in the last trading day.

What is Terreno Realty Corp (TRNO)'s business?

Terreno Realty Corporation acquires, owns and operates industrial real estate in six coastal United States markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle, and Washington, D.C. The Company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land. It targets functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which it operates. Infill locations are geographic locations surrounded by high concentrations of already developed land and existing buildings. Its portfolio includes Terreno 3500 West MacArthur Boulevard, Terreno 11100 Hindry Avenue, Terreno 2411 Santa Fe Ave, Terreno 1720 E Garry Ave, Terreno 16009-16019 E Foothill, Terreno 16025-16037 E Foothill, Terreno 3528 Arden, Terreno 20269 - 20281 Mack, and others.

What is the price predicton of TRNO Stock?

What is Terreno Realty Corp (TRNO)'s revenue for the last quarter?

Terreno Realty Corp revenue for the last quarter amounts to 116.25M USD, increased 16.67 % YoY.

What is Terreno Realty Corp (TRNO)'s earnings per share (EPS) for the last quarter?

Terreno Realty Corp. EPS for the last quarter amounts to 1.00 USD, increased 170.27 % YoY.

What changes have occurred in the market's expectations for Terreno Realty Corp (TRNO)'s fundamentals?

How many employees does Terreno Realty Corp (TRNO). have?

Terreno Realty Corp (TRNO) has 49 emplpoyees as of January 10 2026.

What is Terreno Realty Corp (TRNO) market cap?

Today TRNO has the market capitalization of 6.12B USD.