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TRNOTerreno Realty CorporationHold5.9·$66.28-0.64%
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Terreno Realty Corporation (TRNO) Stock Analysis

Breakout setup

HoldModerate Confidence

Real Estate · REIT - Industrial

Hold if already holding. Not a fresh buy at $66.28, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: warehouse/distribution (80.5%); Analyst target reached - limited upside remaining.

Terreno Realty owns and operates industrial real estate across six major coastal U.S. markets, with 309 buildings totaling approximately 19.8 million square feet at 96.1% leased to 683 customers as of December 31, 2025. Revenue comes from operating leases at infill locations in... Read more

$66.28+0.3% A.UpsideScore 5.9/10#2 of 15 REIT - Industrial
QualityF-score7 / 9FCF yield3.20%
IncomeYield3.12%(5y avg 2.67%)Payout50.00%
Stop $63.20Target $66.47(resistance)A.R:R -1.0:1
Analyst target$70.06+5.7%17 analysts
$66.47our TP
$66.28price
$70.06mean
$56
$80

Hold if already holding. Not a fresh buy at $66.28, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: warehouse/distribution (80.5%); Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 48, MACD bullish. Maintain position. Not compelling to add more. Score 5.9/10, moderate confidence.

Passes 6/7 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 50d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-06-17
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Wed, Aug 5, 202650d to earnings· next earnings call

Thesis

Rewards
Strong growth profile
Wide economic moat
Risks
Concentration risk — Property Type: warehouse/distribution (80.5%)
Analyst target reached - limited upside remaining
Near 52-week high (2.3% away)

Key Metrics

P/E (TTM)16.3
P/E (Fwd)38.6
Mkt Cap$7.1B
EV/EBITDA27.0
Profit Mgn86.5%
ROE10.4%
Rev Growth12.7%
Beta1.06
Dividend3.12%
Rating analysts24

Quality Signals

Piotroski F7/9MoatWide

Options Flow

P/C0.13bullish
IV42%normal
Max Pain$75+13.2% vs spot

Concentration Risks(10-K Item 1A)

  • HIGHPropertywarehouse/distribution81%
    10-K Item 1: 'warehouse/distribution (approximately 80.5% of our total annualized base rent as of December 31, 2025)'
  • MEDIUMGeographicNew York City/Northern New Jersey27%
    10-K Item 1A: 'were located in New York City/Northern New Jersey, representing a combined percentage of approximately 26.6% of our total annualized base rent'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 floor-breaker

Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static

Ev Ebitda
0.0
Ps
0.4
Analyst Target
4.0
P Ocf
4.4
P/OCF: 25.9x (FFO proxy — REITs gated off P/E)
GatesA.R:R -1.0=NEGATIVEMomentum 5.9>=5.5Insider activity: OKNo SEC red flagsEARNINGS PROXIMITY 50d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARBreakoutSuitability: Moderate
RSI
48 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $63.12Resistance $67.83

Price Targets

$63
$66
A.Upside+0.3%
A.R:R-1.0:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-4.9% upside)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-08-05 (50d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is TRNO stock a buy right now?

Hold if already holding. Not a fresh buy at $66.28, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: warehouse/distribution (80.5%); Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 48, MACD bullish. Maintain position. Not compelling to add more. Target $66.47 (+0.3%), stop $63.20 (−4.9%), A.R:R -1.0:1. Score 5.9/10, moderate confidence.

What is the TRNO stock price target?

Take-profit target: $66.47 (+0.3% upside). Target $66.47 (+0.3%), stop $63.20 (−4.9%), A.R:R -1.0:1. Stop-loss: $63.20.

What are the risks of investing in TRNO?

Concentration risk — Property Type: warehouse/distribution (80.5%); Analyst target reached - limited upside remaining; Near 52-week high (2.3% away).

Is TRNO overvalued or undervalued?

Terreno Realty Corporation trades at a P/E of 16.3 (forward 38.6). TrendMatrix value score: 3.0/10. Verdict: Hold.

What do analysts say about TRNO?

24 analysts cover TRNO with a consensus score of 3.9/5. Average price target: $70.

What does Terreno Realty Corporation do?Terreno Realty owns and operates industrial real estate across six major coastal U.S. markets, with 309 buildings...

Terreno Realty owns and operates industrial real estate across six major coastal U.S. markets, with 309 buildings totaling approximately 19.8 million square feet at 96.1% leased to 683 customers as of December 31, 2025. Revenue comes from operating leases at infill locations in supply-constrained submarkets; warehouse/distribution properties represent 80.5% of annualized base rent, with improved land at 10.1%, transshipment at 6.0%, and flex at 3.4%.

Related stocks: FR (First Industrial Realty Trust, ) · NSA (National Storage Affiliates Tru) · EGP (EastGroup Properties, Inc.) · PSA (Public Storage) · SMA (SmartStop Self Storage REIT, In)
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