67.36
+1.43%
Close of 9 Nov 2026, in USD
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About Terreno Realty
From its filings with the US Securities and Exchange Commission
Terreno Realty is based in San Francisco, California. Its shares trade on NYSE under the ticker TRNO. The SEC classifies its business as real estate. In the fiscal year to 31 December 2025, it reported revenue of $476.4m and net income of $403.0m. At that date it held total assets of $5.39bn and shareholders' equity of $4.15bn.
Terreno Realty Corporation (“Terreno”, and together with its subsidiaries, “we”, “us”, “our”, “our Company” or “the Company”) acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. We invest in several types of industrial real estate, including warehouse/distribution (approximately 80.5% of our total annualized base rent as of December 31, 2025), flex (including light industrial and research and development, or R&D) (approximately 3.4%), transshipment (approximately 6.0%) and improved land (approximately 10.1%). We target functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which we operate. Infill locations are geographic locations surrounded by high concentrations of already developed land and existing buildings. As of December 31, 2025, we owned a total of 309 buildings (including one building held for sale) aggregating approximately 19.8 million square feet, 46 improved land parcels consisting of approximately 147.0 acres and six properties under development or redevelopment. As of December 31, 2025, the buildings and improved land parcels were approximately 96.1% and 95.4% leased, respectively, to 683 customers, the largest of which accounted for approximately 4.9% of our total annualized base rent.
Quoted from its 10-K, filed 4 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 10 Feb 2010
- Employees
- 47
- Website
- terreno.com ↗
- Head office
- 101 MONTGOMERY STREET, SAN FRANCISCO, CA, 94104
- Classification
- Real Estate
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. W. Blake BairdChairman of the Board, Chief Executive Officer, Co-Founder, since 2010$5.3m
- Mr. Michael CokePresident, Co-Founder, Director, since 2010$5.3m
- Mr. Jaime CannonChief Financial Officer, Executive Vice President, Secretary$2.8m
- Mr. John MeyerChief Operating Officer$2.8m
- Mr. Douglas PasqualeLead Independent Director$180,007
- Mr. Gary BostonIndependent Director$180,007
- Mr. Leroy CarlsonIndependent Director$180,007
- Ms. Irene OhIndependent Director$180,007
- Ms. Constance Von MuehlenIndependent Director$32,083
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 64
- Environment
- 45
- Social
- 78
- Governance
- 68
- Direct emissions (scope 1)
- 5 t
- Energy emissions (scope 2)
- 26 t
- Women in the workforce
- 31%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Terreno Realty Corp benefits from several key strengths that contribute to its success in the real estate market:
- The company strategically invests in properties situated in high-demand areas, maximizing market potential and attracting quality tenants.
- Terreno Realty Corp possesses a well-diversified real estate portfolio, encompassing a range of property types such as industrial, commercial, and warehouse facilities. This diversification mitigates risk and ensures stable cash flows.
- With a solid balance sheet and healthy liquidity, Terreno Realty Corp has the financial resources to pursue investment opportunities and fund future growth initiatives.
- Despite its overall strengths, Terreno Realty Corp faces some potential weaknesses that could hinder its performance:
- The company's success heavily relies on the stability and growth of the economy. Economic downturns or recessions could negatively impact the demand for its properties and rental rates.
- Terreno Realty Corp's operations are primarily concentrated in specific regions. This geographic concentration exposes the company to localized risks, such as changes in local regulations or economic downturns in particular markets.
- Terreno Realty Corp can capitalize on various opportunities to further enhance its position in the real estate industry:
- The company has the potential to expand its operations into new geographic locations, tapping into emerging markets and diversifying its revenue streams.
- Embracing technology-driven solutions and incorporating smart building features can increase efficiency, reduce costs, and attract tech-savvy tenants.
- Terreno Realty Corp faces certain threats that could negatively impact its performance and market position:
- The real estate market is highly competitive, with numerous players vying for the same tenants and properties. Increased competition may put pressure on rental rates and occupancy levels.
- The company is subject to various regulations and governmental policies that can impact its operations and profitability. Changes in zoning laws or tax regulations could affect property development plans or increase operating expenses.
Weaknesses
- Despite its overall strengths, Terreno Realty Corp faces some potential weaknesses that could hinder its performance:
- The company's success heavily relies on the stability and growth of the economy. Economic downturns or recessions could negatively impact the demand for its properties and rental rates.
- Terreno Realty Corp's operations are primarily concentrated in specific regions. This geographic concentration exposes the company to localized risks, such as changes in local regulations or economic downturns in particular markets.
- Terreno Realty Corp can capitalize on various opportunities to further enhance its position in the real estate industry:
- The company has the potential to expand its operations into new geographic locations, tapping into emerging markets and diversifying its revenue streams.
- Embracing technology-driven solutions and incorporating smart building features can increase efficiency, reduce costs, and attract tech-savvy tenants.
- Terreno Realty Corp faces certain threats that could negatively impact its performance and market position:
- The real estate market is highly competitive, with numerous players vying for the same tenants and properties. Increased competition may put pressure on rental rates and occupancy levels.
- The company is subject to various regulations and governmental policies that can impact its operations and profitability. Changes in zoning laws or tax regulations could affect property development plans or increase operating expenses.
Opportunities
- Terreno Realty Corp can capitalize on various opportunities to further enhance its position in the real estate industry:
- The company has the potential to expand its operations into new geographic locations, tapping into emerging markets and diversifying its revenue streams.
- Embracing technology-driven solutions and incorporating smart building features can increase efficiency, reduce costs, and attract tech-savvy tenants.
- Terreno Realty Corp faces certain threats that could negatively impact its performance and market position:
- The real estate market is highly competitive, with numerous players vying for the same tenants and properties. Increased competition may put pressure on rental rates and occupancy levels.
- The company is subject to various regulations and governmental policies that can impact its operations and profitability. Changes in zoning laws or tax regulations could affect property development plans or increase operating expenses.
Threats
- Terreno Realty Corp faces certain threats that could negatively impact its performance and market position:
- The real estate market is highly competitive, with numerous players vying for the same tenants and properties. Increased competition may put pressure on rental rates and occupancy levels.
- The company is subject to various regulations and governmental policies that can impact its operations and profitability. Changes in zoning laws or tax regulations could affect property development plans or increase operating expenses.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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