Terreno Realty (TRNO) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.45
- Estimate
- $0.43
- Surprise
- +5.0%
- Revenue (period 2026-09-30)
- $132.2M
- Score today
- 5.3/10
Revenue source: xbrl.
How the report landed
Terreno Realty (TRNO) beat the $0.43 estimate with adjusted EPS of $0.45 — a clear 5.0% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates TRNO Sell at 5.3/10; no pre/post engine snapshot brackets this report.
3 of the last 4 quarters beat the estimate; this quarter's +5.0% surprise compares with a +16.8% four-quarter average. Next scheduled report: 2027-02-03.
What supports the rating
- Strong earnings beat streak (3/4)
- Outperforming peers
What argues against it
- Concentration risk — Property Type: warehouse/distribution (80.5%)
- Analyst target reached - limited upside remaining
- Sector modifier (Real Estate): -1.2
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $67.05
- Stop
- $63.97
Forward estimates sit below the trailing run-rate (38.0× forward vs 18.0× trailing) — consensus expects earnings to decline from here.
Model outputs from TrendMatrix’s engine as of 2026-11-06 — shown for context, not personalized investment advice.
TRNO at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Industrial
- Market cap
- $7.31B
- P/E (fwd)
- 38.0
- P/E (ttm)
- 18.0
- 52-week range
- $57.95–$78.94
- Off 52-week high
- 15.1%
- RSI (14)
- 66
- Volume vs avg
- 0.16×
- Score today
- 5.3/10