TRNO financial statements
The full income statement, balance sheet, and cash-flow statement for Terreno Realty Corporation (TRNO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 476M+24.5% | 383M+18.2% | 324M+17.2% | 276M+24.5% | 222M+18.8% | ||
| Lease income | 476M+24.5% | 383M+18.2% | 324M+17.2% | 276M+24.5% | 222M+18.8% | |
| Selling, general & administrative | 47.3M+11.0% | 42.6M+12.3% | 37.9M+21.6% | 31.2M+15.7% | 27.0M+14.8% | |
| General & administrative | 47.3M+11.0% | 42.6M+12.3% | 37.9M+21.6% | 31.2M+15.7% | 27.0M+14.8% | |
| Interest expense | 32.9M+57.1% | 20.9M-15.6% | 24.8M+4.0% | 23.9M+32.1% | 18.1M+12.9% | |
| Other non-operating income | 211M+477.2% | 36.5M+99.4% | 18.3M-79.4% | 89.1M+14831.4% | -605K-105.2% | |
| 403M+118.4% | 184M+21.8% | 151M-23.5% | 198M+126.9% | 87.3M+9.3% | ||
| Net income to common | 401M+118.4% | 184M+21.9% | 151M-23.5% | 197M+126.8% | 86.9M+9.5% | |
| $3.91+103.6% | $1.92+6.1% | $1.81-30.7% | $2.61+112.2% | $1.23+6.0% | ||
| EPS (basic) | $3.92+104.2% | $1.92+6.1% | $1.81-30.7% | $2.61+112.2% | $1.23+5.1% | |
| Weighted-avg shares (basic) | 102M+7.3% | 95.5M+14.9% | 83.2M+10.2% | 75.5M+7.0% | 70.5M+4.1% | |
| Weighted-avg shares (diluted) | 103M+7.2% | 95.8M+15.0% | 83.4M+10.3% | 75.6M+6.8% | 70.8M+3.8% | |
| Dividends per share | $2.02+7.4% | $1.88+10.6% | $1.70+14.9% | $1.48+17.5% | $1.26+12.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 25.0M+38.5% | 18.1M-89.1% | 165M+526.7% | 26.4M-87.1% | 204M+90.7% | |
| Total assets | 5.39B+13.0% | 4.77B+22.2% | 3.90B+23.4% | 3.16B+8.2% | 2.92B+36.7% | |
| 1.24B+12.1% | 1.11B+11.9% | 990M+5.9% | 935M+7.9% | 866M+57.0% | ||
| Long-term debt | 943M+14.6% | 823M+6.7% | 772M+0.1% | 771M+7.0% | 721M+57.0% | |
| 4.15B+13.2% | 3.66B+25.7% | 2.91B+30.7% | 2.23B+8.4% | 2.06B+29.6% | ||
| Common stock | 1.04M+4.3% | 994K+13.5% | 876K+14.5% | 765K+1.7% | 752K+9.6% | |
| Additional paid-in capital | 3.89B+8.1% | 3.60B+26.2% | 2.85B+31.5% | 2.17B+4.7% | 2.07B+30.2% | |
| Retained earnings | 289M+203.4% | 95.3M-0.3% | 95.6M+8.3% | 88.3M+3048.1% | 2.80M-52.7% | |
| Accumulated other comprehensive income | — | — | — | — | 0.00+100.0% | |
| Total liabilities & equity | 5.39B+13.0% | 4.77B+22.2% | 3.90B+23.4% | 3.16B+8.2% | 2.92B+36.7% | |
| Common shares issued | 104M+4.4% | 99.2M+13.4% | 87.5M+14.4% | 76.5M+1.9% | 75.1M+9.8% | |
| Common shares outstanding | 104M+4.4% | 99.2M+13.4% | 87.5M+14.4% | 76.5M+1.9% | 75.1M+9.8% | |
| Shares outstanding (cover) | 104M+4.4% | 99.8M+13.4% | 88.0M+14.3% | 77.0M+2.0% | 75.5M+10.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 272M+16.8% | 233M+29.5% | 180M+25.5% | 143M+8.3% | 132M+30.8% | ||
| Depreciation & amortization | 122M+29.5% | 93.9M+28.3% | 73.2M+11.3% | 65.8M+29.7% | 50.7M+10.5% | |
| Share-based compensation | 17.7M+18.7% | 14.9M+10.8% | 13.5M+32.4% | 10.2M+6.5% | 9.55M-2.8% | |
| -452M+50.6% | -915M-60.5% | -570M-68.9% | -338M+49.3% | -666M-1179.4% | ||
| Capital expenditure | 63.4M+36.6% | 46.4M-12.5% | 53.1M-20.4% | 66.6M+29.9% | 51.3M+62.3% | |
| Free cash flow | 208M+11.9% | 186M+47.1% | 127M+65.3% | 76.6M-5.3% | 80.9M+16.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 188M-64.9% | 535M+1.1% | 529M+2882.2% | 17.7M-97.2% | 631M+1271.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 281M-62.2% | 743M+10.6% | 671M+751.4% | 78.9M-82.9% | 462M+613.9% | |
| Common stock repurchased | 3.29M-1.7% | 3.34M+121.0% | 1.51M+44.8% | 1.04M+79.6% | 582K-94.1% | |
| Dividends paid | 204M+16.5% | 175M+28.8% | 136M+26.5% | 107M+26.9% | 84.6M+13.2% | |
| Net change in cash | 7.24M+104.9% | -148M-207.0% | 138M+178.2% | -177M-282.2% | 97.0M+2077.7% | |
| Interest paid | 27.4M+31.3% | 20.9M-34.1% | 31.7M+25.8% | 25.2M+66.5% | 15.1M-7.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 6.12B+3.7% | 5.90B+10.3% | 5.35B+23.7% | 4.33B-32.8% | 6.44B+60.3% | |
| P/E | 15.2×-52.5% | 32.0×-8.7% | 35.0×+38.8% | 25.2×-65.8% | 73.8×+46.6% | |
| P/S | 12.8×-16.7% | 15.4×-9.8% | 17.1×+3.1% | 16.6×-42.8% | 29.0×+35.0% | |
| P/B | 1.5×-8.4% | 1.6×-17.6% | 2.0×-2.7% | 2.0×-35.8% | 3.1×+23.7% | |
| P/FCF | 29.3×-7.4% | 31.7×-29.1% | 44.7×-18.4% | 54.8×-31.2% | 79.6×+37.6% | |
| Earnings yield | 6.6%+110.7% | 3.1%+9.5% | 2.9%-27.9% | 4.0%+192.4% | 1.4%-31.8% | |
| FCF yield | 3.4%+8.0% | 3.2%+41.0% | 2.2%+22.6% | 1.8%+45.3% | 1.3%-27.3% | |
| Dividend yield | 3.4%+8.2% | 3.2%+17.2% | 2.7%+4.2% | 2.6%+76.2% | 1.5%-22.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TRNO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TRNO filings on SEC EDGAR → Not investment advice.