TRNO at a glance
Terreno Realty Corp (TRNO, SEC CIK 1476150) filed its latest 10-K annual report on February 4, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on May 6, 2026 and Form 4 insider filings as recently as August 11, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Terreno Realty Corp (TRNO) reported revenue of $476.4 million (up 24.5% from FY2024) and net income of $403.0 million. Diluted EPS was $3.91.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding Terreno Realty Corp (TRNO) shares worth $4.9 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Meyer John Tull on August 11, 2026 of 4,447 shares at $68.64 per share.
- In the last 90 days, TRNO insiders reported 0 open-market purchases ($0) and 3 open-market sales ($1.1M) on Form 4, a net sale of $1.1M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $476.4M
- +24.5% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$1.1M
- 13F holders
- 31 funds
- $4.9B · −2 vs prior quarter
- Latest 8-K
- May 6, 2026
- Item 5.07
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Acquisition, ownership, operation of industrial real estate in six major U.S. coastal markets totaling 19.8M sq ft and 46 land parcels
- New emphasis on properties under development/redevelopment, holding 6 projects as of 2025 year-end
- Strategic growth reflected in property acquisitions with total investments rising to $5.79B from $5.12B in prior year
- Rental revenues surged 24.5% YoY to $476.4M; net income more than doubled to $403.0M in 2025
- Record high issuance of 4.26M common shares raised $275.7M, signaling capital raise to fuel expanded acquisition and development activity
Risk Factors
- Regulatory risk: Compliance with SEC Accounting Standards Update (ASU) No. 2018-11 on lease income presentation affecting revenue reporting
- Macroeconomic threat: Elevated U.S. inflation increasing construction and operating costs despite 68.9% leases expiring within five years for rent resets
- Operational risk: Significant property acquisitions and developments require capital outlays ($693.6M acquisitions, $133.4M improvements in 2025) impacting cash flow
- Competitive risk: Lease renewals with 2.7M sq ft and 24.4 acres saw 25.4% rent increase, exposing sensitivity to industrial real estate market dynamics
- Financial risk: Debt maturities include $50M senior notes due July 2026; floating rate debt rose to 42.4% total debt, increasing interest expense by 57.1% in 2025
Management Discussion & Analysis
- Revenue from disposition properties fell to $10.9M in 2025 from $19.6M in 2024, with $386.4M sales price and $238.4M gain on eight properties sold
- Operating margin info not explicit; capitalized interest on developments $5.0M in 2025 vs $11.0M in 2024
- Best segment acquisition: multi-market portfolio of 12 properties, $426.9M purchase price, 1.2M sq ft, 5.0% cap rate; worst: single properties with lower cap rates and smaller size
- Capital allocation includes $683.5M in acquisitions, $386.4M property sales, $276.9M net proceeds from equity ATM program, no share repurchases, dividends $0.49-$0.52 quarterly per share in 2025
- Outlook positive with rental rates expected above current for 2026 expirations, cautious on speculative development slowing rent growth; balance sheet positioned with $200M term loan and $25M cash; acquisition volume dependent on pricing and stock relative to NAV
AI summary of the TRNO 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Warehouse/distribution largest portfolio category at 80.1% of annualized base rent
- Buildings 97.6% leased; improved land 93.3% leased as of June 30, 2026
- Four properties under development or redevelopment; no cash-flow or guidance figures provided
Risk Factors
- No material changes to 2025 Form 10-K risk factors
- No newly added regulatory, legal, or compliance risk disclosed
- No updated operational, competitive, or market risk disclosed
- No updated liquidity, debt, currency, or concentration risk disclosed
AI summary of the TRNO 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.07: Submission of Matters to a Vote of Security Holders
- All eight director nominees reelected, with support ranging from 95,582,454 to 100,468,571 votes
- Director LeRoy E. Carlson received the strongest opposition, with 5,732,026 votes against
AI summaries of TRNO 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for TRNO
Don't miss the next TRNO filing
- Alerts as it files. A push when TRNO files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut TRNO, by share count.
- Ask anything. An AI agent that reads every TRNO filing and answers with sources.
TRNO alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Meyer John Tull | Sell | Aug 11, 2026 | 4,447 | $68.64 |
| Cannon Jaime Jackson | Sell | Aug 10, 2026 | 3,602 | $68.26 |
| COKE MICHAEL A | Sell | Aug 7, 2026 | 8,000 | $68.38 |
| BAIRD W BLAKE | A | Aug 4, 2026 | 28,426 | - |
| COKE MICHAEL A | A | Aug 4, 2026 | 28,426 | - |
| Meyer John Tull | A | Aug 4, 2026 | 12,081 | - |
| Cannon Jaime Jackson | A | Aug 4, 2026 | 12,081 | - |
| BAIRD W BLAKE | F | Aug 3, 2026 | 5,769 | $71.70 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $323.6M | $382.6M | $476.4M | |
| Net Income | $151.5M | $184.5M | $403.0M | |
| Net Margin | 46.8% | 48.2% | 84.6% | |
| Balance Sheet | ||||
| Total Assets | $3.9B | $4.8B | $5.4B | |
| Equity | $2.9B | $3.7B | $4.1B | |
| ROE | 5.2% | 5.0% | 9.7% | |
| Per Share | ||||
| EPS | $1.81 | $1.92 | $3.91 | |
| Cash Flow | ||||
| Operating CF | $179.7M | $232.7M | $271.9M | |
Source: XBRL data in Terreno Realty Corp (TRNO)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate TRNO share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $4.87B |
| Q1 2026 | 33 | $4.36B |
| Q4 2025 | 30 | $3.93B |
| Q3 2025 | 30 | $3.93B |
| Q2 2025 | 30 | $3.77B |
| Q1 2025 | 26 | $2.97B |
| Q4 2024 | 22 | $2.67B |
| Q3 2024 | 18 | $1.21B |
- Invesco Ltd+1.35M (+90%)
- BlackRock+940.3K (+5%)
- FMR LLC (Fidelity)+603.0K (+5%)
- Vanguard Portfolio Management LLC+428.4K (+4%)
- Two Sigma Investments+335.5K (+37%)
- Bank of America Corp−103.8K (-11%)
- JPMorgan Chase & Co−78.5K (-6%)
- Raymond James Financial−15.8K (-5%)
- Ameriprise Financial−15.7K (-5%)
- Franklin Resources−8.6K (-61%)
- D.E. Shaw & Co+38.5K
- Millennium Management−198.2K
- Citadel Advisors LLC−57.8K
- Mangrove Partners−3.7K
Source: 13F-HR filings on SEC EDGAR (aggregated from 220 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
TRNO filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 8-K | May 6, 2026 | - | Analysis | |
| 10-Q | May 6, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Feb 17, 2026 | - | - | |
| 4 | Feb 10, 2026 | - | - | |
| 10-K | Feb 4, 2026 | Dec 31, 2025 | Analysis | |
| 4 | Jan 9, 2026 | - | - | |
| 4 | Jan 9, 2026 | - | - | |
| 4 | Jan 9, 2026 | - | - | |
| 4 | Jan 9, 2026 | - | - |
Related Real Estate companies
- AHRT · AH Realty Trust, Inc.Real Estate
- AOMR · Angel Oak Mortgage REIT, Inc.Real Estate
- CBRE · CBRE GroupReal Estate
- CMTG · Claros Mortgage Trust, Inc.Real Estate
- CURB · Curbline Properties Corp.Real Estate
- CWK · Cushman & Wakefield Ltd.Real Estate
- FOR · Forestar Group Inc.Real Estate
- FRPH · FRP HOLDINGS, INC.Real Estate
TRNO SEC filings: frequently asked questions
Are TRNO insiders buying or selling?
In the last 90 days, Terreno Realty Corp (TRNO) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $1.1 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold TRNO stock?
As of June 30, 2026, the largest Terreno Realty Corp (TRNO) holders among the 13F filers tracked by SignalX were BlackRock ($1.2 billion), FMR LLC (Fidelity) ($783.2 million), Vanguard Portfolio Management LLC ($696.0 million), State Street Corp ($389.0 million), Vanguard Capital Management LLC ($309.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was TRNO's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Terreno Realty Corp (TRNO) reported revenue of $476.4 million (up 24.5% from FY2024) and net income of $403.0 million. Diluted EPS was $3.91. The figures come from the XBRL data in the 10-K.
What are the main risks in TRNO's latest 10-K?
In the 10-K filed February 4, 2026, Terreno Realty Corp (TRNO) flagged: Regulatory risk: Compliance with SEC Accounting Standards Update (ASU) No. 2018-11 on lease income presentation affecting revenue reporting. Macroeconomic threat: Elevated U.S. inflation increasing construction and operating costs despite 68.9% leases expiring within five years for rent resets. (AI summary of the Risk Factors section.)
What did TRNO report in its latest 8-K?
Terreno Realty Corp (TRNO) filed an 8-K on May 6, 2026 reporting Item 5.07 (Submission of Matters to a Vote of Security Holders). All eight director nominees reelected, with support ranging from 95,582,454 to 100,468,571 votes.
What are the latest TRNO SEC filings?
Terreno Realty Corp (TRNO) filed its latest 10-K annual report on February 4, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on May 6, 2026 and a Form 4 insider filing on August 11, 2026.
What is TRNO's SEC CIK number?
Terreno Realty Corp (TRNO)'s SEC Central Index Key (CIK) is 1476150. EDGAR lists every TRNO filing under that number.
Ask anything about TRNO
The research agent reads TRNO's filings, financials, insider trades and 13F holders, then answers with sources.