Terreno Realty Corporation
S&P 500TRNO/Real Estate · REIT - Industrial/NYSE
Dividend Yield
3.17%
$2.05 · Annual Dividend
Dividend Safety Rating
TRNO's dividend appears safe and well-supported. Strengths include a 74.1% ffo payout ratio & 40.0% cfo payout ratio. Areas of concern: 97.8% fcf payout ratio & 0.9x current ratio. The dividend has been growing at a 12.52% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 15 of 15 metrics
Strengths
- Interest Coverage: 13.3xEarnings cover interest payments many times over.
- Debt-to-Equity: 22.0Conservative debt level relative to equity.
- Operating Margin: 40.7%Healthy operating margin provides a wide buffer.
Risks
- FCF Payout Ratio: 97.8%Free cash flow is tight relative to the dividend.
- Current Ratio: 0.9xLimited short-term liquidity to meet obligations.
Payout & Coverage
SafeBalance Sheet
SafeProfitability
SafeDividend Track Record
Very SafeAbout Terreno Realty Corporation
Terreno Realty Corporation is a real estate company specializing in the acquisition, ownership, and operation of industrial properties in key U.S. markets. Its primary function is to provide high-quality industrial space for businesses needing distribution, storage, and light manufacturing facilities. Terreno focuses on six major coastal markets: Los Angeles, Seattle, Northern New Jersey/New York City, San Francisco Bay Area, Miami, and Washington, D.C./Baltimore. These areas are strategically selected for their strong economic fundamentals and robust demand for logistics and warehousing. By concentrating on infill locations, the company caters to the burgeoning need for urban logistics infrastructure driven by e-commerce growth and shifting supply chain needs. The corporation plays a significant role in the real estate investment sector, offering institutional and individual investors exposure to the lucrative industrial property segment. Through its disciplined investment strategy, Terreno Realty Corporation contributes to the efficiency of supply chains and enhances the operational capabilities of its tenants by providing well-situated industrial spaces.
Dividend Overview
Dividend Yield
3.17%
Annual Dividend
$2.05
Frequency
Quarterly
Payout Ratio
50.00%
FCF Payout Ratio
97.81%
52-Week Range
$53.00 - $67.83
Dividend History (2016–2025)
TRNO annual dividend per share and yield history
Earnings & Profitability
TRNO earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 26, 2026
Next Payment Date
July 10, 2026
Dividend Growth
3-Year Dividend CAGR
10.93%
5-Year Dividend CAGR
12.52%
10-Year Dividend CAGR
11.84%
3-Year Total Growth
36.49%
5-Year Total Growth
80.36%
10-Year Total Growth
206.06%
Income Calculator
Frequently Asked Questions
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How is TRNO's Dividend Safety Rating calculated?
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.