What is the 13F Pro Quality Score for TRNO?

13F Pro ranks Terreno Realty Corp (TRNO) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View TRNO's current score at https://13fpro.ai/research/TRNO (free sign-up required for the full ranking).

Which hedge funds own the most TRNO stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of TRNO include BlackRock,, FMR, VANGUARD PORTFOLIO MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/TRNO as soon as new 13F filings post.

Where does 13F Pro source TRNO data?

All Terreno Realty Corp fundamentals and ownership data come directly from SEC EDGAR. Terreno Realty Corp files with the SEC under CIK 1476150. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is TRNO in?

Terreno Realty Corp (TRNO) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

What are TRNO's largest expenses?

Terreno Realty Corp's latest 10-Q reports these as the largest expense items: Property operating expenses ($31.8M, +10.5% YoY); Depreciation and amortization ($29.5M, +9.5% YoY); Interest expense, including amortization ($9.0M, +13.4% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is TRNO research updated on 13F Pro?

TRNO's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Terreno Realty Corp(TRNO)Stock Analysis

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13F Pro Quality Score

75.4/100

Rank #127 of 2,879 stocksTOP 5%

View Real Estate peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

80.7/100

Profitability

95.9/100

Balance Sheet

74.2/100

Earnings Quality

86.1/100

Free Cash Flow

94.0/100

Institutional Flow

74.9/100

Revenue Scale

35.5/100

Dilution Risk

30.3/100

TRNO Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Terreno Realty Corp (TRNO), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores TRNO at 75.4/100 on a 32-signal composite quality model, placing it at rank #127 of 2,879 stocks — the top 5% of the AI-ranked universe. TRNO scores in the top quartile across profitability (95.9), free cash flow (94.0), earnings quality (86.1). Areas of concern include revenue scale (35.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 30.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Terreno Realty Corp reports quarterly revenue of $124.4M, net income of $69.4M, free cash flow of $61.9M. Top institutional holders of TRNO by reported 13-F value include BlackRock,, FMR, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. TRNO trades on the NYSE exchange and files with the SEC under CIK 1476150. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TRNO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Terreno Realty Corp directly from SEC EDGAR. Terreno Realty Corp's 13F Pro composite quality score has ranged between 61 and 79 since 2021, currently 75.4 — an improving long-term trajectory across 30 quarterly and live scoring snapshots.

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Fun facts about Terreno Realty Corp

Quirks, history, and lore behind TRNO — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. real estate investment trust · mid-cap · listed on the NYSE · headquartered in San Francisco, California.
2
The Numbers
Owns roughly 200+ industrial properties totaling tens of millions of square feet, with occupancy rates that routinely hover near 100% — landlords dream of numbers like these.
3
The History
Founded in 2010, it went public shortly after and has steadily built its portfolio by focusing exclusively on six major coastal U.S. markets where land is scarce and demand is fierce.
4
The Secret
Its entire strategy bets on one simple fact: you can't build more coastline. By sticking to supply-constrained infill markets, it keeps competitors — and vacancies — at bay.
5
The Lore
It targets last-mile industrial and logistics properties in dense urban areas, making it a quiet but critical link in the chain between your online shopping cart and your front door.
6
The Giveaway
A pure-play industrial REIT laser-focused on San Francisco, Los Angeles, Seattle, New York, Miami, and Washington D.C. — six coastal cities, zero detours.

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What's Driving TRNO's Business? Latest 10-Q Breakdown

AI-extracted from Terreno Realty Corp's 10-Q filed 2026-05-06 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Terreno Realty reported Q1 2026 net income of $69.4M (+44% YoY), driven by $27.2M gain on property sales and $12.7% total revenue growth to $124.4M, with same-store NOI up 7.4%.

Biggest Revenue Drivers

Total revenue: $124.4M+12.7% YoY

Same-store rental revenues$85.5M+7.1% YoY

Increased rental revenue on new and renewed leases during 2026 and 2025, with cash rents on new/renewed leases up 22.4%.

Same-store tenant expense reimbursements$23.1M+3.1% YoY

Reimbursements for tenant-paid operating expenses including real estate taxes, insurance and maintenance.

Largest Expense Items

Property operating expenses$31.8M+10.5% YoY

Increase primarily due to acquisitions during 2025 and increases in real estate taxes, partially offset by dispositions during 2026.

Depreciation and amortization$29.5M+9.5% YoY

Increase due to property acquisitions during 2026 and 2025, partially offset by dispositions.

Interest expense, including amortization$9.0M+13.4% YoY

Higher outstanding debt during Q1 2026 compared to Q1 2025, driven by new $200M term loan added in January 2026.

General and administrative$12.4M+5.9% YoY

Increased compensation expenses including restricted stock amortization, LTIP expense, and higher salaries.

Watch Items from the Filing

New York City/Northern New Jersey region represents 26.3% of annualized base rent ($96.7M) and 26.3% of gross book value; significant geographic concentration in this single market.
Floating rate debt increased to $400M (42.2% of total debt) as of March 31, 2026 from $200M (26.9%) at March 31, 2025 due to new $200M term loan; 0.25% rate increase would add ~$1.0M to annual interest expense.
Amazon represents largest tenant at 4.8% of annualized base rent; top 20 customers represent 23.9% of total revenue, indicating moderate tenant concentration risk.
Five properties under development/redevelopment represent $323.8M expected investment with $269.5M spent to date; 71.5% pre-leased, but Whitestone Logistics and Craftsman Circle have 0% pre-leasing.
$50M of senior unsecured notes due July 2026; refinancing required in next 3-4 months amid current debt environment with 4.0% coupon on existing notes.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$124.4M

Net Income

Q1 2026

$69.4M

Free Cash Flow

Q1 2026

$61.9M

D/E Ratio

Q1 2026

0.22

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+24.5% YoY

$476.4MFY 2025

FY20 $186.9MFY21 $221.9MFY24 $382.6MFY25 $476.4M

Net Income

+118.4% YoY

$403.0MFY 2025

FY20 $79.8MFY21 $87.3MFY24 $184.5MFY25 $403.0M

EPS (Diluted)

+103.6% YoY

$3.91FY 2025

FY20 $1.16FY21 $1.23FY24 $1.92FY25 $3.91

Total Assets

+13.0% YoY

$5.39BFY 2025

FY20 $2.14BFY21 $2.92BFY24 $4.77BFY25 $5.39B

Total Debt

+14.6% YoY

$943.3MFY 2025

FY20 $459.1MFY21 $720.7MFY24 $823.4MFY25 $943.3M

Op. Cash Flow

+16.8% YoY

$271.9MFY 2025

FY20 $101.0MFY21 $132.2MFY24 $232.7MFY25 $271.9M

Metric	FY 2025	FY 2024	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$476.4M +24.5%	$382.6M +72.4%	$221.9M +18.8%	$186.9M +9.3%	$171.0M +12.8%	$151.7M
Net Income	$403.0M +118.4%	$184.5M +111.4%	$87.3M +9.3%	$79.8M +43.7%	$55.5M -12.3%	$63.3M
EPS (Diluted)	$3.91 +103.6%	$1.92 +56.1%	$1.23 +6.0%	$1.16 +36.5%	$0.85 -22.0%	$1.09
Total Assets	$5.39B +13.0%	$4.77B +63.1%	$2.92B +36.7%	$2.14B +1.5%	$2.11B +17.4%	$1.80B
Total Debt	$943.3M +14.6%	$823.4M +14.3%	$720.7M +57.0%	$459.1M -6.6%	$491.6M +6.4%	$462.1M
Operating Cash Flow	$271.9M +16.8%	$232.7M +76.0%	$132.2M +30.8%	$101.0M +6.7%	$94.7M +22.0%	$77.6M

AI Insight: TRNO Financial Trends

Revenue grew 32% from Q2 2024 to Q2 2025, but Q1 2026 revenue declined 9% sequentially despite continued equity growth.

• Revenue increased from $94M in Q2 2024 to $137M in Q4 2025, representing 46% growth over six quarters.

• Equity grew consistently from $3,441M in Q2 2024 to $4,296M in Q1 2026, expanding $855M over eight quarters.

• Net income volatility persisted with swings from $48M in Q1 2025 to $158M in Q4 2025 to $69M in Q1 2026.

⚠ Revenue declined 9% from $137M in Q4 2025 to $124M in Q1 2026, breaking six quarters of growth.

⚠ Total debt increased from $742M to $1,023M in Q3 2025 before declining to $942M in Q1 2026.

AI Insight: TRNO Ratio Trends

Net profit margin surged from 37.9% in Q2 2024 to 115.1% in Q4 2025, driving ROE to 15.3% before moderating in Q1 2026.

• Net profit margin climbed from 37.9% in Q2 2024 to 115.1% in Q4 2025, indicating strong profitability gains.

• ROE expanded from 4.2% in Q2 2024 to 15.3% in Q4 2025, reflecting improved returns to shareholders.

• Debt-to-equity ratio remained stable around 0.19-0.26 range throughout the period, showing consistent leverage management.

⚠ Net profit margin dropped sharply from 115.1% in Q4 2025 to 55.8% in Q1 2026, signaling potential volatility.

⚠ ROE declined from 15.3% in Q4 2025 to 6.5% in Q1 2026, reversing recent momentum.

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Available Research

13F Pro tracks comprehensive data for Terreno Realty Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of TRNO

BlackRock, Inc.
$1.1B17,798,722 sh
FMR LLC
$705.6M11,488,647 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$633.7M10,317,837 sh
STATE STREET CORP
$359.3M5,802,132 sh
VANGUARD CAPITAL MANAGEMENT LLC
$284.9M4,637,985 sh
PRINCIPAL FINANCIAL GROUP INC
$257.3M4,188,453 sh
GEODE CAPITAL MANAGEMENT, LLC
$168.9M2,748,845 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$131.6M2,142,494 sh
Resolution Capital Ltd
$99.7M1,623,857 sh
DIMENSIONAL FUND ADVISORS LP
$97.3M1,584,304 sh

Fund	Value	Shares
BlackRock, Inc.	$1.1B	17,798,722
FMR LLC	$705.6M	11,488,647
VANGUARD PORTFOLIO MANAGEMENT LLC	$633.7M	10,317,837
STATE STREET CORP	$359.3M	5,802,132
VANGUARD CAPITAL MANAGEMENT LLC	$284.9M	4,637,985
PRINCIPAL FINANCIAL GROUP INC	$257.3M	4,188,453
GEODE CAPITAL MANAGEMENT, LLC	$168.9M	2,748,845
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$131.6M	2,142,494
Resolution Capital Ltd	$99.7M	1,623,857
DIMENSIONAL FUND ADVISORS LP	$97.3M	1,584,304

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Is TRNO a good stock to buy?

13F Pro's AI-powered analysis of Terreno Realty Corp (TRNO) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TRNO are available on the TRNO stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own TRNO?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TRNO. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Terreno Realty Corp's investment landscape.