Terreno Realty Corp (TRNO) FY2025 10-K Annual Report
Terreno Realty Corp (TRNO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 4, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Terreno Realty Corp FY2025 10-K Analysis
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
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
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
Terreno Realty Corp FY2025 Key Financial MetricsXBRL
Revenue
$476M
▲ +24.5% YoY
Net Income
$403M
▲ +118.4% YoY
Net Margin
84.6%
▲ +3637bp YoY
ROE
9.7%
▲ +468bp YoY
Total Assets
$5.4B
▲ +13.0% YoY
EPS (Diluted)
$3.91
▲ +103.6% YoY
Operating Cash Flow
$272M
▲ +16.8% YoY
Source: XBRL data from Terreno Realty Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.
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