Terreno Realty (TRNO) Financial Statements & Analysis

Terreno Realty (TRNO) Income Statement

Terreno Realty reported revenue of $476.38M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 24.5% from $382.62M a year earlier. Net income was $401.19M, up 117.5% year over year, a net margin of 84.2%. Gross margin was 75.8% and operating margin 40.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $124.71M, up 11.1% from the same quarter a year earlier.

Terreno Realty Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Terreno Realty Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	476.38	382.62	323.59	276.21	221.93	186.88	171.02	151.66	132.48
Cost of Revenue	115.10	98.09	79.09	68.90	56.25	49.10	44.20	39.99	35.87
Gross Profit	361.28	284.53	244.51	207.31	165.68	137.79	126.82	111.67	96.61
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Selling, General & Administrative	47.27	42.59	37.94	31.19	26.96	23.49	23.92	21.50	19.68
Operating Expenses	168.85	136.50	111.15	96.96	77.65	23.49	23.92	62.32	57.55
Operating Income	192.09	148.03	133.13	110.35	88.03	114.30	102.90	81.50	69.87
Other Income/Expense
Interest Income	5.33	12.08	4.96	0.81	0.82	0.87	3.82	3.66	0.17
Interest Expense	32.86	20.92	24.80	23.85	18.05	16.00	16.34	18.21	16.78
Other Income/Expense	210.91	45.31	18.32	87.66	-0.78	-34.50	-47.38	-26.88	-23.83
Income
Income Before Tax	402.99	184.50	151.46	198.01	87.25	79.80	55.52	63.29	53.10
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	18.21	16.78
Net Income	401.19	184.50	150.75	198.01	87.25	79.80	55.52	63.29	53.10
Net Income - Continuous Operations	402.99	184.50	151.46	198.01	87.25	79.80	55.52	63.29	53.10
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	284.71	299.33	192.65	287.63	156.00	108.88	98.22	122.32	107.74
EBIT	192.43	205.42	133.35	221.86	88.03	-	-	-	-
Depreciation & Amortization	92.28	93.92	59.30	65.76	50.69	40.46	39.33	102.43	93.44
Earnings Per Share
Basic EPS	4.00	2.00	2.00	3.00	1.00	1.00	1.00	1.00	1.00
Diluted EPS	4.00	2.00	2.00	3.00	1.00	1.00	1.00	1.00	1.00
Basic Shares Outstanding	102.46	95.52	83.17	75.50	70.53	67.76	64.43	57.49	51.36
Diluted Shares Outstanding	102.72	95.84	83.37	75.59	70.79	68.17	64.72	57.49	51.36

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Terreno Realty Financial Statements

What was Terreno Realty's revenue in fiscal 2025?

Terreno Realty reported revenue of $476.38M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 24.5% from $382.62M a year earlier.

Is Terreno Realty profitable?

Yes. Terreno Realty earned net income of $401.19M in fiscal 2025, a net margin of 84.2%. In fiscal 2024 it earned $184.50M.

What is Terreno Realty's operating margin?

Terreno Realty's operating income was $192.09M on revenue of $476.38M in fiscal 2025, an operating margin of 40.3%, compared with 38.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition