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Terreno Realty (TRNO) investor relations material
Terreno Realty Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focused exclusively on acquiring, owning, and operating industrial real estate in six major coastal U.S. markets, emphasizing infill locations with high population density and strong logistics infrastructure.
Portfolio strategy targets a mix of core and value-add investments, with no greenfield development or joint ventures, and a focus on assets at a discount to replacement cost.
Management and board are highly aligned with shareholders, with long-term compensation tied to performance and significant insider ownership.
Financial highlights
Net income for 2025 was $402.99 million, up from $184.50 million in 2024; Q4 2025 net income was $158.22 million, up from $76.10 million in Q4 2024.
FFO per share (diluted) for 2025 was $2.77, up from $2.42 in 2024; Q4 2025 FFO per share was $0.83, up from $0.62 in Q4 2024.
Net income per share (diluted) for 2025 was $3.91, up from $1.92 in 2024.
Cash same store NOI growth for 2025 was 7.8%; excluding termination fees, growth was 6.4%.
Lease termination income in Q4 2025 was $13.8 million, with a net impact of $18.4 million from lease terminations.
Outlook and guidance
Six properties under development or redevelopment totaling 1.2 million square feet, with expected stabilization between 2026 and 2028.
Countyline Corporate Park Phase IV in Miami is a major project, expected to deliver 2.2 million square feet of LEED-certified space by 2027.
Targeting continued superior same store NOI and per share NAV growth through infill market focus and value-add strategies.
- TimeTickerHeadlineOpen
- 7 FebGICRE
Net profit for the nine months surged to ₹6,62,217 lakhs, with a robust solvency ratio of 3.87. - 7 Feb517271
Strong revenue and profit growth, interim dividend, and major investments approved. - 7 Feb514167
Quarterly and nine-month results reflect solid revenue, profit, and compliance with new labour codes. - 7 FebMGL
Strong revenue growth offset by lower margins and profit; interim dividend declared. - 7 FebPGIL
Strong revenue and margin growth, with India set for further expansion and upgraded ratings. - 7 Feb504614
Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 7 FebSBIN
Q3 FY26 net profit reached ₹21,028.15 crore, driven by robust income and strategic divestments. - 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus.
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