Terreno Realty Corp financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Terreno Realty Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	108	132	152	171	187	222	276	324	383	476
General and administrative	19.3	19.7	21.5	23.9	23.5	27	31.2	37.9	42.6	47.3
Interest expense	13.1	16.8	18.2	16.3	16	18.1	23.9	24.8	20.9	32.9
Other non-operating income	-6.13	14	14.1	-3.32	11.6	-0.61	89.1	18.3	36.5	211
Net income	15.1	53.1	63.3	55.5	79.8	87.3	198	151	184	403
EPS, basic	0.26	0.95	1.09	0.86	1.17	1.23	2.61	1.81	1.92	3.92
EPS, diluted	0.26	0.95	1.09	0.85	1.16	1.23	2.61	1.81	1.92	3.91
Shares, basic (weighted)	44.7	51.4	57.5	64.4	67.8	70.5	75.5	83.2	95.5	102
Shares, diluted (weighted)	44.7	51.4	57.5	64.7	68.2	70.8	75.6	83.4	95.8	103
Dividend per share				1.02	1.12	1.26	1.48	1.70	1.88	2.02

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	14.2	35.7	31	110	107	204	26.4	165	18.1	25
Lease right-of-use assets				0.6	0.4
Intangible assets	18.1	4.09
Total assets	1,279	1,568	1,797	2,108	2,140	2,924	3,164	3,905	4,770	5,388
Total liabilities	467	540	549	591	552	866	935	990	1,108	1,242
Total debt	415	462	462	492	459	721	771	772	823	943
Paid-in capital	766	1,023	1,234	1,514	1,589	2,070	2,167	2,850	3,597	3,889
Retained earnings		4.8	14.2	2.62	5.93	2.8	88.3	95.6	95.3	289
Other comprehensive income	-0.9	-1.05	-0.76	-0.44	-0.18	0
Shareholders' equity	812	1,027	1,248	1,517	1,588	2,058	2,230	2,915	3,662	4,146
Total equity	812	1,027	1,248	1,517	1,588	2,058	2,230	2,915	3,662	4,146
Total liabilities and equity	1,279	1,568	1,797	2,108	2,140	2,924	3,164	3,905	4,770	5,388
Shares outstanding	47.4	55.4	61	67.3	68.4	75.1	76.5	87.5	99.2	104

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	15.1	53.1	63.3	55.5	79.8	87.3	198	151	184	403
Depreciation and amortization	34.4	37.9	40.8	44	45.9	50.7	65.8	73.2	93.9	122
Stock-based compensation	9.44	8.73	9.27	10.6	9.83	9.55	10.2	13.5	14.9	17.7
Change in payables	5.67	4.5	0.47	1.54	0.68	20	7.05	7.14	11.9	10.3
Cash from operations	49.2	69.5	77.6	94.7	101	132	143	180	233	272
Cash from investing	-150	-249	-235	-251	-52.1	-666	-338	-570	-915	-452
Debt repaid	-50	0	0
Stock issued	101	255	209	278	64.8	462	78.9	671	743	281
Share buybacks	-1.55	-3.44	-3.87	-3.96	-9.84	-0.58	-1.05	-1.51	-3.34	-3.29
Dividends paid	-33.2	-41.9	-51.4	-63.6	-74.8	-84.6	-107	-136	-175	-204
Cash from financing	93.8	204	149	235	-53.9	631	17.7	529	535	188
Net change in cash	-6.63	24.3	-8.32	78.3	-4.9	97	-177	138	-148	7.24
Interest paid	11.9	13.8	19.8	18.4	16.3	15.1	25.2	31.7	20.9	27.4

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $66.07 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Net margin	77.3%	Net income / revenue.
Operating cash flow margin	57.0%	Cash from operations / revenue.
Return on equity (ROE)	8.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	6.8%	Net income / average total assets.
Stock-based pay / revenue	3.6%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	24.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	24.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	19.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	20.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	118.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	26.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	38.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	103.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	14.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	27.5%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	16.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	23.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	21.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	7.4%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	10.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	12.5%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	13.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	23.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	21.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	13.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	19.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	20.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	7.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	10.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	8.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.21x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	16.5%	Total debt / total assets.
Liabilities / assets	22.4%	Total liabilities / total assets.
Net debt	$891.3M	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$4.43B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.09x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.64	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$4.71	Revenue / diluted weighted shares.
Operating cash flow per share	$2.69	Cash from operations / diluted weighted shares.
Book value per share	$41.15	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$41.15	Tangible book value / shares outstanding.
Cash per share	$0.48	(Cash + short-term investments) / shares outstanding.
Payout ratio	55.0%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$7.20B	Share price x shares outstanding.
Enterprise value	$8.09B	Market cap + total debt - cash - short-term investments.
P/E	18.5x	Market cap / net income. Only when net income is positive.
P/S	14.3x	Market cap / revenue.
P/B	1.62x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.62x	Market cap / tangible book value, when positive.
P/OCF	25.1x	Market cap / cash from operations, when positive.
EV/Sales	16.1x	Enterprise value / revenue.
Earnings yield	5.4%	Net income / market cap (the inverse of P/E).
Dividend yield	3.0%	Dividends paid over the period / market cap.
Shareholder yield	3.0%	(Dividends paid + share buybacks) / market cap.
PEG	1.28x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Terreno Realty Corp's revenue in fiscal 2025?

Terreno Realty Corp reported revenue of $476.4M for fiscal 2025, 24.5% higher than the year before.

Was Terreno Realty Corp profitable in fiscal 2025?

Yes. Net income was $403.0M, a net margin of 84.6%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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