HIGHBuilt-inProperty_type
80.5%
warehouse/distribution
“10-K Item 1: 'warehouse/distribution (approximately 80.5% of our total annualized base rent as of December 31, 2025)'”
TRNO · Concentration risk · 10-K extracted
Terreno Realty (TRNO) concentration risks
Updated
The most significant concentration Terreno Realty discloses is warehouse/distribution at 80.5%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
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.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
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.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
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.
Source: Terreno Realty’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
26.6%
New York City/Northern New Jersey
“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'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile is defined by a high-share property-type focus layered with a moderate geographic concentration within that universe. Warehouse and distribution properties represented approximately 80.5% of total annualized base rent as of December 31, 2025 — the dominant share of the portfolio — a high-share, structural concentration that reflects a deliberate investment strategy rather than an accidental accumulation. The structural character is important: the company has chosen to concentrate in logistics-oriented real estate because of its long-run demand drivers — e-commerce penetration, supply chain reconfiguration, and last-mile distribution build-out — rather than because of reliance on a single tenant or contract. Changes to those long-run demand drivers, including shifts in e-commerce growth rates or supply chain strategies by major users, would therefore affect the majority of the portfolio. Within that property-type focus, the New York City and Northern New Jersey submarket represented approximately 26.6% of total annualized base rent — the largest disclosed single-market concentration — a medium-share, structural geographic tilt. This is the country's largest port and logistics corridor, and concentration there reflects both the supply constraints that historically support rents and the sensitivity to port activity, import volumes, and industrial land availability in a densely developed metropolitan area. Together, the profile is coherent: a logistics-focused REIT with its largest market exposure in the most supply-constrained U.S. coastal industrial submarket. The dominant monitoring variables are warehouse and distribution demand trends nationally and port-driven industrial activity in the New York/New Jersey corridor specifically.
For the engine’s reasoning on TRNO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Industrial
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| COLD | Americold Realty Trust, Inc. | 2 | 0 | 0 | 2 |
| FR | First Industrial Realty Trust, | 1 | 1 | 1 | 3 |
| TRNO● | Terreno Realty Corporation | 1 | 1 | 0 | 2 |
| EGP | EastGroup Properties, Inc. | 0 | 1 | 2 | 3 |
| CUBE | CubeSmart | 0 | 0 | 4 | 4 |
| EXR | Extra Space Storage Inc | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.