Terreno Realty Key Executives
This section highlights Terreno Realty's key executives, including their titles and compensation details.
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Terreno Realty Earnings
This section highlights Terreno Realty's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Date:
May 14, 2025
Time:
Before Market
Est. EPS:
$0.64
Status:
Unconfirmed
Last Earnings Results
Date:
February 05, 2025
EPS:
$0.76
Est. EPS:
$0.38
Revenue:
$103.71M
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
{Terreno Realty Corporation and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited. As of September 30, 2020, the Company owned 219 buildings aggregating approximately 13.1 million square feet, 22 improved land parcels consisting of approximately 85.0 acres and one property under redevelopment expected to contain approximately 0.2 million square feet upon completion. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.}
Real Estate
REIT - Industrial
$63.45
Stock Price
$6.33B
Market Cap
49
Employees
Bellevue, WA
Location
Financial Statements
Access annual & quarterly financial statements for Terreno Realty, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $382.62M | $323.59M | $276.21M | $221.93M | $186.88M |
| Cost of Revenue | $98.09M | $79.08M | $68.90M | $56.25M | $49.10M |
| Gross Profit | $284.53M | $244.50M | $207.31M | $165.68M | $137.79M |
| Gross Profit Ratio | 74.36% | 75.60% | 75.05% | 74.70% | 73.73% |
| Research and Development Expenses | $- | $- | $1 | $0 | $0 |
| General and Administrative Expenses | $42.59M | $37.94M | $31.19M | $26.96M | $23.49M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $42.59M | $37.94M | $31.19M | $26.96M | $23.49M |
| Other Expenses | $241.94M | $- | $65.76M | $50.69M | $45.88M |
| Operating Expenses | $284.53M | $37.94M | $96.95M | $77.65M | $69.36M |
| Cost and Expenses | $382.62M | $117.02M | $165.86M | $133.90M | $118.46M |
| Interest Income | $12.08M | $4.96M | $809.00K | $822.00K | $873.00K |
| Interest Expense | $20.92M | $24.80M | $23.85M | $18.05M | $16.00M |
| Depreciation and Amortization | $93.92M | $59.30M | $167.32M | $134.07M | $118.73M |
| EBITDA | $299.33M | $206.35M | $287.63M | $156.00M | $141.67M |
| EBITDA Ratio | 78.23% | 63.77% | 64.05% | 62.88% | 61.63% |
| Operating Income | $284.53M | $206.57M | $127.43M | $96.54M | $74.72M |
| Operating Income Ratio | 74.36% | 63.84% | 46.14% | 43.50% | 39.98% |
| Total Other Income Expenses Net | $-100.03M | $-55.11M | $70.58M | $-9.29M | $5.08M |
| Income Before Tax | $184.50M | $151.46M | $198.01M | $87.25M | $79.80M |
| Income Before Tax Ratio | 48.22% | 46.81% | 71.69% | 39.32% | 42.70% |
| Income Tax Expense | $- | $- | $23.85M | $25.74M | $21.42M |
| Net Income | $184.50M | $151.46M | $198.01M | $61.51M | $58.38M |
| Net Income Ratio | 48.22% | 46.81% | 71.69% | 27.72% | 31.24% |
| EPS | $1.94 | $1.81 | $2.61 | $0.87 | $0.86 |
| EPS Diluted | $1.93 | $1.81 | $2.61 | $0.87 | $0.86 |
| Weighted Average Shares Outstanding | 95.52M | 83.17M | 75.50M | 70.53M | 67.76M |
| Weighted Average Shares Outstanding Diluted | 95.84M | 83.37M | 75.59M | 70.79M | 68.17M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $103.71M | $99.64M | $94.25M | $85.03M | $86.48M | $82.92M | $79.53M | $74.65M | $76.01M | $70.80M | $65.37M | $64.03M | $60.67M | $57.27M | $53.30M | $50.69M | $48.88M | $47.15M | $45.74M | $45.12M |
| Cost of Revenue | $27.83M | $25.60M | $46.78M | $41.83M | $21.65M | $20.47M | $18.59M | $18.38M | $19.08M | $17.14M | $15.80M | $16.88M | $15.37M | $14.20M | $13.17M | $13.51M | $13.03M | $12.23M | $11.93M | $11.91M |
| Gross Profit | $75.88M | $74.04M | $47.46M | $43.20M | $64.83M | $62.45M | $60.95M | $56.27M | $56.92M | $53.66M | $49.56M | $47.16M | $45.31M | $43.07M | $40.12M | $37.18M | $35.85M | $34.92M | $33.81M | $33.21M |
| Gross Profit Ratio | 73.17% | 74.30% | 50.40% | 50.80% | 75.00% | 75.30% | 76.60% | 75.40% | 74.90% | 75.80% | 75.80% | 73.60% | 74.70% | 75.20% | 75.30% | 73.30% | 73.35% | 74.06% | 73.91% | 73.61% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $10.76M | $10.78M | $10.54M | $10.51M | $9.73M | $9.12M | $9.77M | $9.32M | $8.19M | $8.14M | $7.33M | $7.53M | $7.72M | $6.80M | $6.87M | $5.58M | $6.94M | $5.13M | $5.67M | $5.76M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $10.76M | $10.78M | $10.54M | $10.51M | $9.73M | $9.12M | $9.77M | $9.32M | $8.19M | $8.14M | $7.33M | $7.53M | $7.72M | $6.80M | $6.87M | $5.58M | $6.94M | $5.13M | $5.67M | $5.76M |
| Other Expenses | $65.12M | $63.26M | $13.23M | $-10.51M | $-9.82M | $11.35M | $8.82M | $18.16M | $18.54M | $16.96M | $8.47M | $14.98M | $13.71M | $13.64M | $11.97M | $11.38M | $11.19M | $12.12M | $11.46M | $11.10M |
| Operating Expenses | $75.88M | $74.04M | $33.55M | $10.51M | $28.31M | $27.36M | $28.00M | $27.48M | $26.73M | $25.10M | $22.62M | $22.51M | $21.42M | $20.44M | $18.83M | $16.96M | $18.13M | $17.25M | $17.12M | $16.86M |
| Cost and Expenses | $103.71M | $60.44M | $57.36M | $52.34M | $49.96M | $47.83M | $46.58M | $45.86M | $45.81M | $42.24M | $38.42M | $39.38M | $36.79M | $34.64M | $32.01M | $30.47M | $31.15M | $29.48M | $29.06M | $28.77M |
| Interest Income | $2.51M | $2.35M | $4.33M | $2.89M | $935.00K | $1.09M | $973.00K | $1.96M | $398.00K | $175.00K | $115.00K | $121.00K | $137.00K | $228.00K | $221.00K | $236.00K | $68.00K | $51.00K | $190.00K | $564.00K |
| Interest Expense | $5.26M | $4.90M | $5.52M | $5.24M | $5.71M | $5.81M | $5.90M | $7.38M | $7.46M | $6.26M | $5.05M | $5.08M | $5.21M | $4.69M | $4.02M | $4.14M | $4.20M | $3.89M | $3.91M | $4.01M |
| Depreciation and Amortization | $21.04M | $24.06M | $23.01M | $20.94M | $18.58M | $18.25M | $18.23M | $18.16M | $18.54M | $16.96M | $15.29M | $14.98M | $13.71M | $13.64M | $11.97M | $11.38M | $9.83M | $10.82M | $10.10M | $9.71M |
| EBITDA | $107.27M | $65.60M | $23.01M | $53.63M | $56.04M | $18.25M | $18.23M | $18.16M | $49.13M | $16.96M | $15.29M | $14.98M | $51.17M | $13.64M | $11.97M | $11.38M | $27.55M | $28.48M | $46.07M | $27.96M |
| EBITDA Ratio | 103.43% | 65.84% | 63.55% | 63.07% | 64.80% | 65.64% | 65.58% | 65.52% | 64.64% | 64.54% | 64.78% | 62.08% | 62.19% | 63.73% | 62.82% | 62.80% | 59.30% | 63.29% | 61.94% | 62.09% |
| Operating Income | $- | $39.20M | $36.88M | $32.69M | $40.70M | $39.67M | $37.57M | $34.30M | $36.06M | $32.94M | $25.92M | $27.88M | $37.47M | $26.05M | $21.39M | $20.40M | $17.71M | $26.61M | $34.61M | $16.86M |
| Operating Income Ratio | 0.00% | 39.35% | 39.14% | 38.45% | 47.06% | 47.85% | 47.24% | 45.94% | 47.44% | 46.52% | 39.65% | 43.54% | 61.75% | 45.48% | 40.14% | 40.25% | 36.23% | 56.44% | 75.67% | 37.37% |
| Total Other Income Expenses Net | $76.10M | $-2.56M | $-24.20M | $-17.57M | $169.10M | $-22.97M | $-10.90M | $-5.46M | $119.26M | $-6.13M | $70.09M | $-4.99M | $-48.95M | $-1.27M | $-3.91M | $-3.96M | $-4.21M | $-3.89M | $14.02M | $-3.49M |
| Income Before Tax | $76.10M | $36.64M | $35.70M | $36.06M | $57.56M | $30.32M | $40.25M | $23.33M | $58.88M | $22.44M | $97.03M | $19.66M | $32.26M | $21.36M | $17.38M | $16.26M | $13.51M | $22.72M | $30.70M | $12.86M |
| Income Before Tax Ratio | 73.38% | 36.77% | 37.87% | 42.41% | 66.55% | 36.56% | 50.61% | 31.25% | 77.47% | 31.69% | 148.44% | 30.71% | 53.17% | 37.30% | 32.61% | 32.07% | 27.65% | 48.19% | 67.12% | 28.50% |
| Income Tax Expense | $- | $- | $-35.70M | $-36.06M | $8.95M | $-30.32M | $-40.25M | $-15.96M | $7.46M | $6.26M | $8.54M | $5.08M | $5.21M | $4.69M | $4.02M | $4.14M | $4.20M | $3.89M | $3.91M | $4.01M |
| Net Income | $76.10M | $36.64M | $35.70M | $36.06M | $57.56M | $30.32M | $40.25M | $39.29M | $58.88M | $16.17M | $97.03M | $14.58M | $32.26M | $21.36M | $17.38M | $16.26M | $13.51M | $22.72M | $30.70M | $12.86M |
| Net Income Ratio | 73.38% | 36.77% | 37.87% | 42.41% | 66.55% | 36.56% | 50.61% | 52.63% | 77.47% | 22.84% | 148.44% | 22.77% | 53.17% | 37.30% | 32.61% | 32.07% | 27.65% | 48.19% | 67.12% | 28.50% |
| EPS | $0.79 | $0.37 | $0.37 | $0.40 | $0.65 | $0.36 | $0.48 | $0.49 | $0.77 | $0.21 | $1.28 | $0.19 | $0.38 | $0.30 | $0.25 | $0.24 | $0.14 | $0.33 | $0.45 | $0.19 |
| EPS Diluted | $0.79 | $0.37 | $0.37 | $0.40 | $0.65 | $0.36 | $0.48 | $0.49 | $0.77 | $0.21 | $1.28 | $0.19 | $0.38 | $0.30 | $0.25 | $0.24 | $0.14 | $0.33 | $0.45 | $0.19 |
| Weighted Average Shares Outstanding | 95.52M | 97.56M | 96.29M | 88.87M | 87.49M | 84.04M | 83.12M | 79.90M | 76.05M | 75.50M | 75.25M | 75.20M | 70.52M | 70.52M | 69.58M | 68.60M | 68.60M | 68.11M | 67.62M | 67.06M |
| Weighted Average Shares Outstanding Diluted | 95.84M | 97.87M | 96.41M | 89.44M | 87.49M | 84.27M | 83.12M | 80.34M | 76.15M | 75.59M | 75.34M | 75.28M | 70.75M | 70.75M | 69.81M | 68.86M | 68.86M | 68.37M | 68.03M | 67.47M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $18.07M | $165.40M | $26.39M | $204.40M | $107.18M |
| Short Term Investments | $- | $- | $3.40B | $5.87B | $4.37B |
| Cash and Short Term Investments | $18.07M | $165.40M | $26.39M | $204.40M | $107.18M |
| Net Receivables | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $29.77M | $205.20M | $1 |
| Other Current Assets | $6.54M | $836.00K | $1.69M | $397.00K | $656.00K |
| Total Current Assets | $24.61M | $166.24M | $28.08M | $204.80M | $107.84M |
| Property Plant Equipment Net | $- | $- | $3.04B | $2.63B | $400.00K |
| Goodwill | $- | $- | $-11.75M | $- | $- |
| Intangible Assets | $208.47M | $50.39M | $123.55M | $114.13M | $88.86M |
| Goodwill and Intangible Assets | $208.47M | $50.39M | $111.80M | $114.13M | $88.86M |
| Long Term Investments | $- | $- | $-3.16B | $-2.92B | $-2.14B |
| Tax Assets | $- | $- | $3.16B | $2.92B | $2.14B |
| Other Non-Current Assets | $- | $3.63B | $-13.82M | $-24.32M | $1.94B |
| Total Non-Current Assets | $208.47M | $3.68B | $3.14B | $2.72B | $2.03B |
| Other Assets | $4.54B | $54.90M | $- | $- | $- |
| Total Assets | $4.77B | $3.90B | $3.16B | $2.92B | $2.14B |
| Account Payables | $79.22M | $61.78M | $49.69M | $45.02M | $26.69M |
| Short Term Debt | $472.95M | $100.00M | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $-621.17M | $-348.06M |
| Other Current Liabilities | $-79.22M | $410.63M | $30.75M | $25.62M | $321.38M |
| Total Current Liabilities | $472.95M | $572.42M | $80.44M | $70.64M | $54.04M |
| Long Term Debt | $- | $674.51M | $770.82M | $720.67M | $459.12M |
| Deferred Revenue Non-Current | $- | $- | $934.59M | $866.25M | $551.64M |
| Deferred Tax Liabilities Non-Current | $- | $- | $55.87M | $51.02M | $25.01M |
| Other Non-Current Liabilities | $634.87M | $117.65M | $83.33M | $74.94M | $-255.54M |
| Total Non-Current Liabilities | $634.87M | $792.16M | $854.14M | $795.61M | $497.60M |
| Other Liabilities | $- | $-374.53M | $- | $- | $- |
| Total Liabilities | $1.11B | $990.05M | $934.59M | $866.25M | $551.64M |
| Preferred Stock | $- | $- | $26.46M | $15.20M | $5.93M |
| Common Stock | $994.00K | $876.00K | $765.00K | $752.00K | $686.00K |
| Retained Earnings | $95.29M | $95.58M | $88.27M | $2.80M | $5.93M |
| Accumulated Other Comprehensive Income Loss | $- | $-31.79M | $-26.46M | $-15.20M | $-183.00K |
| Other Total Stockholders Equity | $3.57B | $2.85B | $2.14B | $2.07B | $1.58B |
| Total Stockholders Equity | $3.66B | $2.91B | $2.23B | $2.06B | $1.59B |
| Total Equity | $3.66B | $2.91B | $3.03B | $2.62B | $1.96B |
| Total Liabilities and Stockholders Equity | $4.77B | $3.90B | $3.16B | $2.92B | $2.14B |
| Minority Interest | $- | $- | $798.61M | $566.89M | $376.29M |
| Total Liabilities and Total Equity | $4.77B | $3.90B | $3.16B | $2.92B | $2.14B |
| Total Investments | $5.12B | $4.05B | $3.40B | $2.95B | $2.23B |
| Total Debt | $472.95M | $771.56M | $770.82M | $720.67M | $459.12M |
| Net Debt | $454.88M | $606.16M | $744.42M | $516.27M | $351.94M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $18.07M | $243.67M | $182.45M | $660.45M | $165.40M | $96.20M | $58.92M | $11.05M | $26.39M | $10.15M | $7.24M | $106.28M | $204.40M | $68.73M | $39.95M | $29.38M | $107.18M | $155.32M | $148.27M | $69.73M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $3.40B | $- | $- | $- | $- | $- | $- | $2.35B | $- | $- | $- | $- |
| Cash and Short Term Investments | $18.07M | $243.67M | $182.45M | $660.45M | $165.40M | $96.20M | $58.92M | $11.05M | $26.39M | $10.15M | $7.24M | $106.28M | $204.40M | $68.73M | $39.95M | $29.38M | $107.18M | $155.32M | $148.27M | $69.73M |
| Net Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $44.10M | $42.70M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $1 | $167.07M | $1 | $1 | $28.58M | $29.77M | $-44.10M | $1 | $-43.10M | $-39.70M | $-42.00M | $-34.90M | $-34.30M | $1 | $1 | $1 | $1 |
| Other Current Assets | $6.54M | $11.11M | $461.00K | $10.87M | $836.00K | $11.29M | $1.10M | $14.92M | $1.69M | $11.04M | $3.10M | $33.83M | $397.00K | $23.27M | $2.75M | $1.03M | $656.00K | $690.00K | $12.34M | $43.04M |
| Total Current Assets | $24.61M | $254.78M | $182.45M | $660.45M | $166.24M | $107.49M | $60.02M | $25.97M | $28.08M | $21.20M | $10.33M | $140.11M | $204.80M | $92.00M | $42.71M | $30.41M | $107.84M | $156.01M | $160.61M | $112.77M |
| Property Plant Equipment Net | $- | $- | $4.02B | $3.65B | $3.61B | $3.52B | $3.46B | $3.42B | $3.04B | $2.99B | $2.92B | $2.69B | $2.63B | $2.30B | $2.12B | $2.08B | $1.97B | $1.93B | $1.92B | $1.92B |
| Goodwill | $- | $- | $- | $- | $82.95M | $- | $- | $- | $-11.75M | $- | $81.08M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $177.26M | $178.31M | $146.93M | $50.39M | $138.55M | $140.80M | $139.81M | $123.55M | $125.72M | $40.87M | $113.58M | $114.13M | $101.17M | $96.56M | $92.86M | $88.86M | $86.21M | $87.79M | $87.66M |
| Goodwill and Intangible Assets | $189.49M | $177.26M | $178.31M | $146.93M | $133.34M | $138.55M | $140.80M | $139.81M | $111.80M | $125.72M | $121.95M | $113.58M | $114.13M | $101.17M | $96.56M | $92.86M | $88.86M | $86.21M | $87.79M | $87.66M |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $50.00K | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-2.08B | $- | $- | $- | $- |
| Other Non-Current Assets | $4.56B | $- | $82.37M | $-21.06M | $-7.86M | $-23.47M | $-21.56M | $-10.34M | $-13.82M | $-26.52M | $-22.40M | $-21.98M | $-24.32M | $-20.97M | $-3.63M | $2.05B | $-29.54M | $-30.99M | $-28.68M | $-33.44M |
| Total Non-Current Assets | $4.75B | $177.26M | $4.28B | $3.78B | $3.74B | $3.63B | $3.58B | $3.55B | $3.14B | $3.09B | $3.02B | $2.78B | $2.72B | $2.38B | $2.21B | $2.14B | $2.03B | $1.98B | $1.97B | $1.97B |
| Other Assets | $- | $4.14B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $4.77B | $4.57B | $4.47B | $4.44B | $3.90B | $3.74B | $3.64B | $3.58B | $3.16B | $3.11B | $3.03B | $2.92B | $2.92B | $2.47B | $2.25B | $2.17B | $2.14B | $2.14B | $2.14B | $2.09B |
| Account Payables | $79.22M | $89.95M | $77.86M | $63.85M | $61.78M | $72.97M | $63.29M | $52.02M | $49.69M | $57.81M | $52.81M | $40.39M | $45.02M | $40.36M | $35.44M | $23.00M | $26.69M | $29.19M | $23.31M | $19.99M |
| Short Term Debt | $82.00M | $- | $100.00M | $100.00M | $100.00M | $- | $- | $- | $- | $- | $50.63M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-100.00M | $-529.05M | $-100.00M | $- | $- | $- | $- | $- | $-634.00K | $-621.34M | $-621.17M | $-497.15M | $-348.26M | $-348.16M | $-348.06M | $-347.97M | $-347.87M | $-347.77M |
| Other Current Liabilities | $48.87M | $48.87M | $394.85M | $39.50M | $410.63M | $499.30M | $508.83M | $519.95M | $30.75M | $513.86M | $518.07M | $580.95M | $25.62M | $456.80M | $312.82M | $325.17M | $321.38M | $19.62M | $18.20M | $17.97M |
| Total Current Liabilities | $210.09M | $138.82M | $121.39M | $107.36M | $100.83M | $111.39M | $96.80M | $85.23M | $80.44M | $98.24M | $95.09M | $69.47M | $70.64M | $64.60M | $55.87M | $44.08M | $54.04M | $54.48M | $46.86M | $43.25M |
| Long Term Debt | $741.44M | $672.16M | $671.98M | $753.11M | $856.28M | $858.54M | $860.19M | $863.48M | $770.82M | $831.09M | $683.06M | $771.05M | $720.67M | $634.17M | $476.52M | $475.89M | $459.12M | $459.29M | $459.32M | $459.36M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $156.30M | $128.60M | $-218.53M | $133.74M | $-438.65M | $-428.31M | $-443.12M | $-456.95M | $83.33M | $-446.19M | $-405.28M | $-526.33M | $74.94M | $-410.29M | $-272.61M | $-286.07M | $-255.54M | $-255.06M | $-261.05M | $-263.44M |
| Total Non-Current Liabilities | $897.74M | $800.76M | $904.76M | $886.85M | $889.22M | $891.11M | $892.39M | $893.27M | $854.14M | $858.34M | $804.21M | $796.59M | $795.61M | $656.43M | $496.31M | $493.89M | $497.60M | $497.71M | $499.28M | $500.44M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.11B | $939.58M | $1.03B | $994.22M | $990.05M | $1.00B | $989.19M | $978.50M | $934.59M | $956.58M | $899.30M | $866.06M | $866.25M | $721.03M | $552.17M | $537.97M | $551.64M | $552.20M | $546.14M | $543.69M |
| Preferred Stock | $- | $- | $- | $- | $31.79M | $32.13M | $32.13M | $32.01M | $26.46M | $26.98M | $- | $26.73M | $15.20M | $15.20M | $15.20M | $- | $- | $- | $- | $- |
| Common Stock | $994.00K | $- | $964.00K | $963.00K | $876.00K | $850.00K | $833.00K | $827.00K | $765.00K | $757.00K | $752.00K | $752.00K | $752.00K | $712.00K | $704.00K | $693.00K | $686.00K | $684.00K | $684.00K | $677.00K |
| Retained Earnings | $95.29M | $68.06M | $80.29M | $88.12M | $95.58M | $77.07M | $85.18M | $78.39M | $88.27M | $60.15M | $68.13M | $-3.21M | $2.80M | $-3.84M | $-958.00K | $2.09M | $5.93M | $12.28M | $9.39M | $-2.84M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-31.79M | $-31.79M | $-31.79M | $-32.13M | $-32.13M | $-32.01M | $-26.46M | $-26.98M | $-26.98M | $-26.73M | $-15.20M | $-15.20M | $-15.20M | $-77.00K | $-183.00K | $-268.00K | $-318.00K | $-364.00K |
| Other Total Stockholders Equity | $3.57B | $3.56B | $3.39B | $3.39B | $2.85B | $2.69B | $2.59B | $2.55B | $2.11B | $2.12B | $2.09B | $2.06B | $2.07B | $1.77B | $1.70B | $1.63B | $1.59B | $1.57B | $1.58B | $1.55B |
| Total Stockholders Equity | $3.66B | $3.63B | $3.44B | $3.44B | $2.91B | $2.74B | $2.65B | $2.60B | $2.23B | $2.15B | $2.13B | $2.05B | $2.06B | $1.75B | $1.70B | $1.63B | $1.59B | $1.58B | $1.59B | $1.54B |
| Total Equity | $3.66B | $3.63B | $3.44B | $3.44B | $2.91B | $2.74B | $2.65B | $2.60B | $2.23B | $2.15B | $2.13B | $2.05B | $2.06B | $1.75B | $1.70B | $1.63B | $1.59B | $1.58B | $1.59B | $1.54B |
| Total Liabilities and Stockholders Equity | $4.77B | $4.57B | $4.47B | $4.44B | $3.90B | $3.74B | $3.64B | $3.58B | $3.16B | $3.11B | $3.03B | $2.92B | $2.92B | $2.47B | $2.25B | $2.17B | $2.14B | $2.14B | $2.14B | $2.09B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $4.77B | $4.57B | $4.47B | $4.44B | $3.90B | $3.74B | $3.64B | $3.58B | $3.16B | $3.11B | $3.03B | $2.92B | $2.92B | $2.47B | $2.25B | $2.17B | $2.14B | $2.14B | $2.14B | $2.09B |
| Total Investments | $- | $4.67B | $4.63B | $4.10B | $4.05B | $3.93B | $3.86B | $3.81B | $3.40B | $3.34B | $3.26B | $3.00B | $2.95B | $2.59B | $2.43B | $2.35B | $2.23B | $2.17B | $2.16B | $2.15B |
| Total Debt | $823.44M | $672.16M | $867.97M | $853.11M | $771.56M | $771.36M | $771.15M | $770.94M | $770.82M | $780.62M | $733.06M | $720.86M | $720.67M | $596.62M | $448.15M | $448.00M | $459.12M | $459.08M | $459.04M | $459.01M |
| Net Debt | $805.37M | $428.49M | $685.52M | $192.66M | $606.16M | $675.16M | $712.23M | $759.89M | $744.42M | $770.46M | $725.82M | $614.59M | $516.27M | $527.89M | $408.20M | $418.63M | $351.94M | $303.76M | $310.77M | $389.27M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $184.50M | $151.46M | $198.01M | $87.25M | $79.80M |
| Depreciation and Amortization | $76.63M | $59.30M | $49.49M | $43.00M | $40.45M |
| Deferred Income Tax | $- | $- | $- | $-16.63M | $-26.77M |
| Stock Based Compensation | $14.93M | $13.47M | $10.17M | $9.55M | $9.83M |
| Change in Working Capital | $9.55M | $537.00K | $5.68M | $16.37M | $-3.23M |
| Accounts Receivables | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $11.89M | $7.14M | $7.05M | $20.04M | $678.00K |
| Other Working Capital | $-2.33M | $-6.60M | $-1.37M | $-3.67M | $-3.91M |
| Other Non Cash Items | $-52.92M | $-45.08M | $-120.15M | $-7.35M | $973.00K |
| Net Cash Provided by Operating Activities | $232.69M | $179.68M | $143.21M | $132.21M | $101.05M |
| Investments in Property Plant and Equipment | $- | $-53.05M | $-66.61M | $-51.29M | $-31.61M |
| Acquisitions Net | $814.51M | $- | $407.56M | $644.96M | $98.09M |
| Purchases of Investments | $- | $- | $-433.20M | $-669.41M | $-98.09M |
| Sales Maturities of Investments | $26.52M | $- | $49.98M | $24.45M | $43.92M |
| Other Investing Activities | $-1.76B | $-517.33M | $-295.39M | $-615.15M | $-64.40M |
| Net Cash Used for Investing Activities | $-915.48M | $-570.39M | $-337.66M | $-666.44M | $-52.09M |
| Debt Repayment | $-18.00M | $- | $50.00M | $263.73M | $-33.08M |
| Common Stock Issued | $742.73M | $671.35M | $78.85M | $462.39M | $64.77M |
| Common Stock Repurchased | $- | $-1.51M | $- | $-582.00K | $-9.84M |
| Dividends Paid | $-174.97M | $-135.85M | $-107.41M | $-84.63M | $-74.78M |
| Other Financing Activities | $-14.85M | $-6.63M | $-3.71M | $-10.29M | $-10.78M |
| Net Cash Used Provided by Financing Activities | $534.91M | $528.86M | $17.73M | $631.20M | $-53.87M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-147.88M | $138.15M | $-176.72M | $96.97M | $-4.90M |
| Cash at End of Period | $18.35M | $166.24M | $28.08M | $204.80M | $107.84M |
| Cash at Beginning of Period | $166.24M | $28.08M | $204.80M | $107.84M | $112.74M |
| Operating Cash Flow | $232.69M | $179.68M | $143.21M | $132.21M | $101.05M |
| Capital Expenditure | $- | $-53.05M | $-66.61M | $-51.29M | $-31.61M |
| Free Cash Flow | $232.69M | $126.62M | $76.60M | $80.92M | $69.44M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $76.10M | $36.95M | $35.54M | $35.91M | $57.56M | $30.32M | $40.25M | $23.33M | $58.88M | $22.44M | $97.03M | $19.66M | $32.26M | $21.36M | $17.38M | $16.26M | $13.51M | $22.72M | $30.70M | $12.86M |
| Depreciation and Amortization | $21.04M | $19.45M | $23.01M | $20.94M | $15.34M | $14.75M | $14.59M | $14.62M | $13.07M | $12.76M | $11.79M | $11.87M | $11.14M | $11.59M | $10.34M | $9.93M | $9.83M | $10.82M | $10.10M | $9.71M |
| Deferred Income Tax | $- | $- | $- | $- | $-25.90M | $- | $-12.26M | $- | $- | $- | $- | $- | $-13.44M | $-3.19M | $- | $- | $- | $-9.02M | $-17.75M | $- |
| Stock Based Compensation | $3.81M | $3.78M | $3.99M | $3.36M | $3.34M | $3.28M | $3.81M | $3.04M | $2.65M | $2.68M | $2.01M | $2.83M | $2.55M | $2.36M | $2.68M | $1.97M | $3.47M | $1.86M | $2.32M | $2.18M |
| Change in Working Capital | $-7.78M | $12.86M | $7.66M | $-3.19M | $-9.72M | $6.83M | $3.83M | $-396.00K | $-2.65M | $10.43M | $2.23M | $-4.32M | $3.80M | $9.06M | $4.50M | $-988.00K | $-2.09M | $3.01M | $-1.56M | $-2.60M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-8.19M | $10.86M | $8.64M | $577.00K | $-7.57M | $5.24M | $5.87M | $3.60M | $-741.00K | $7.23M | $2.05M | $-1.48M | $5.56M | $6.16M | $5.83M | $2.50M | $-1.85M | $3.58M | $3.25M | $-4.30M |
| Other Working Capital | $414.00K | $2.00M | $-984.00K | $-3.76M | $-2.15M | $1.59M | $-2.04M | $-3.60M | $-1.91M | $3.20M | $180.00K | $-2.84M | $-1.76M | $2.90M | $-1.33M | $-3.48M | $-234.00K | $-566.00K | $-4.82M | $1.71M |
| Other Non Cash Items | $-41.84M | $-3.05M | $35.50M | $34.68M | $-1.57M | $-1.91M | $-1.66M | $-1.79M | $-37.76M | $-2.51M | $-1.82M | $-2.01M | $-2.54M | $-1.97M | $-1.83M | $-1.02M | $-1.04M | $2.60M | $-591.00K | $8.00K |
| Net Cash Provided by Operating Activities | $51.33M | $69.99M | $64.33M | $47.04M | $39.05M | $53.26M | $48.56M | $38.80M | $34.19M | $45.79M | $35.19M | $28.03M | $33.77M | $39.22M | $33.07M | $26.16M | $23.68M | $32.00M | $23.21M | $22.16M |
| Investments in Property Plant and Equipment | $-15.80M | $88.36M | $-48.26M | $-40.10M | $-13.79M | $-12.38M | $-13.03M | $-13.86M | $-15.78M | $-20.48M | $-11.72M | $-18.63M | $-12.97M | $-17.96M | $-12.49M | $-7.87M | $-8.26M | $-8.40M | $-6.56M | $-8.39M |
| Acquisitions Net | $- | $- | $- | $18.66M | $149.41M | $- | $13.49M | $364.60M | $407.56M | $- | $- | $68.05M | $644.96M | $- | $- | $104.37M | $- | $- | $- | $30.08M |
| Purchases of Investments | $- | $- | $-450.28M | $-18.66M | $-197.91M | $-14.41M | $-13.49M | $-364.60M | $-88.36M | $-67.86M | $-208.92M | $-68.05M | $-669.41M | $-165.01M | $-55.66M | $-104.37M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $-5.71M | $- | $10.17M | $48.49M | $- | $-12.26M | $364.60M | $49.98M | $- | $106.83M | $- | $24.45M | $9.60M | $- | $- | $43.92M | $- | $- | $- |
| Other Investing Activities | $-294.24M | $-140.97M | $-498.54M | $-71.70M | $-76.97M | $-46.36M | $6.16M | $-738.10M | $-377.25M | $-6.41M | $-122.22M | $-146.26M | $-293.52M | $-158.57M | $-58.54M | $-208.88M | $-96.23M | $11.34M | $48.29M | $-57.88M |
| Net Cash Used for Investing Activities | $-310.03M | $-58.32M | $-498.54M | $-48.58M | $-90.75M | $-73.15M | $-19.12M | $-387.37M | $-23.86M | $-94.75M | $-122.22M | $-96.84M | $-306.49M | $-176.53M | $-71.03M | $-112.38M | $-60.57M | $2.94M | $41.73M | $-36.19M |
| Debt Repayment | $82.00M | $-100.00M | $- | $- | $- | $- | $- | $- | $-10.00M | $48.00M | $11.14M | $- | $125.00M | $150.00M | $- | $-11.27M | $-117.00K | $-114.00K | $-114.00K | $-32.73M |
| Common Stock Issued | $- | $204.46M | $- | $538.27M | $158.44M | $95.75M | $50.66M | $366.50M | $47.91M | $28.88M | $2.06M | $- | $307.58M | $42.19M | $71.49M | $41.12M | $8.78M | $494.00K | $32.70M | $22.79M |
| Common Stock Repurchased | $- | $- | $- | $-983.00K | $- | $-773.00K | $- | $-627.00K | $- | $-518.00K | $- | $-493.00K | $-582.00K | $- | $- | $-582.00K | $- | $-9.60M | $- | $-240.00K |
| Dividends Paid | $-48.87M | $-43.53M | $-43.52M | $-39.05M | $-38.42M | $-33.50M | $-33.17M | $-30.75M | $-30.43M | $-25.69M | $-25.68M | $-25.62M | $-24.24M | $-20.43M | $-20.09M | $-19.87M | $-19.83M | $-18.48M | $-18.31M | $-18.16M |
| Other Financing Activities | $- | $-11.12M | $-271.00K | $-3.46M | $-2.31M | $-2.16M | $-559.00K | $-1.60M | $-729.00K | $-1.58M | $313.00K | $-362.00K | $-3.94M | $-3.45M | $-1.13M | $-1.19M | $8.65M | $-9.60M | $-474.00K | $-571.00K |
| Net Cash Used Provided by Financing Activities | $33.13M | $49.81M | $-43.79M | $495.76M | $117.71M | $60.08M | $16.93M | $334.14M | $6.75M | $49.62M | $-12.16M | $-26.47M | $403.82M | $168.31M | $50.27M | $8.79M | $-11.29M | $-27.71M | $13.81M | $-28.67M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-8.23M | $8.36M | $-133.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.00K | $-1.00K | $- | $- |
| Net Change in Cash | $-225.58M | $61.48M | $-478.00M | $494.21M | $66.01M | $40.20M | $46.36M | $-14.42M | $17.09M | $664.00K | $-99.19M | $-95.28M | $131.10M | $30.99M | $12.30M | $-77.43M | $-48.18M | $7.23M | $78.75M | $-42.71M |
| Cash at End of Period | $18.35M | $243.93M | $182.45M | $660.45M | $166.24M | $100.22M | $60.02M | $13.66M | $28.08M | $11.00M | $10.33M | $109.52M | $204.80M | $73.70M | $42.71M | $30.41M | $107.84M | $156.01M | $148.78M | $70.03M |
| Cash at Beginning of Period | $243.93M | $182.45M | $660.45M | $166.24M | $100.22M | $60.02M | $13.66M | $28.08M | $11.00M | $10.33M | $109.52M | $204.80M | $73.70M | $42.71M | $30.41M | $107.84M | $156.01M | $148.78M | $70.03M | $112.74M |
| Operating Cash Flow | $51.33M | $69.99M | $64.33M | $47.04M | $39.05M | $53.26M | $48.56M | $38.80M | $34.19M | $45.79M | $35.19M | $28.03M | $33.77M | $39.22M | $33.07M | $26.16M | $23.68M | $32.00M | $23.21M | $22.16M |
| Capital Expenditure | $-15.80M | $-13.80M | $-48.26M | $-40.10M | $-13.79M | $-12.38M | $-13.03M | $-13.86M | $-15.78M | $-20.48M | $-11.72M | $-18.63M | $-12.97M | $-17.96M | $-12.49M | $-7.87M | $-8.26M | $-8.40M | $-6.56M | $-8.39M |
| Free Cash Flow | $35.53M | $56.19M | $16.07M | $6.94M | $25.27M | $40.88M | $35.53M | $24.94M | $18.41M | $25.31M | $23.48M | $9.40M | $20.80M | $21.25M | $20.57M | $18.29M | $15.42M | $23.60M | $16.65M | $13.77M |
Terreno Realty Dividends
Explore Terreno Realty's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
3.10%
Dividend Payout Ratio
94.84%
Dividend Paid & Capex Coverage Ratio
1.33x
Terreno Realty Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.49 | $0.49 | March 27, 2025 | March 27, 2025 | April 04, 2025 | February 05, 2025 |
| $0.49 | $0.49 | December 13, 2024 | December 13, 2024 | January 07, 2025 | November 06, 2024 |
| $0.49 | $0.49 | September 30, 2024 | September 30, 2024 | October 11, 2024 | August 07, 2024 |
| $0.45 | $0.45 | June 28, 2024 | June 28, 2024 | July 12, 2024 | May 08, 2024 |
| $0.45 | $0.45 | March 27, 2024 | March 28, 2024 | April 05, 2024 | February 07, 2024 |
| $0.45 | $0.45 | December 14, 2023 | December 15, 2023 | January 05, 2024 | November 01, 2023 |
| $0.45 | $0.45 | September 28, 2023 | September 29, 2023 | October 13, 2023 | August 02, 2023 |
| $0.4 | $0.4 | June 29, 2023 | June 30, 2023 | July 14, 2023 | May 03, 2023 |
| $0.4 | $0.4 | March 30, 2023 | March 31, 2023 | April 06, 2023 | February 08, 2023 |
| $0.4 | $0.4 | December 29, 2022 | December 30, 2022 | January 13, 2023 | November 02, 2022 |
| $0.4 | $0.4 | September 29, 2022 | September 30, 2022 | October 14, 2022 | August 03, 2022 |
| $0.34 | $0.34 | June 29, 2022 | June 30, 2022 | July 14, 2022 | May 04, 2022 |
| $0.34 | $0.34 | March 24, 2022 | March 25, 2022 | April 08, 2022 | February 09, 2022 |
| $0.34 | $0.34 | December 14, 2021 | December 15, 2021 | January 05, 2022 | November 03, 2021 |
| $0.34 | $0.34 | September 30, 2021 | October 01, 2021 | October 15, 2021 | August 04, 2021 |
| $0.29 | $0.29 | June 29, 2021 | June 30, 2021 | July 14, 2021 | May 05, 2021 |
| $0.29 | $0.29 | March 25, 2021 | March 26, 2021 | April 09, 2021 | February 10, 2021 |
| $0.29 | $0.29 | December 14, 2020 | December 15, 2020 | January 05, 2021 | November 04, 2020 |
| $0.29 | $0.29 | October 01, 2020 | October 02, 2020 | October 16, 2020 | August 05, 2020 |
| $0.27 | $0.27 | June 29, 2020 | June 30, 2020 | July 14, 2020 | May 06, 2020 |
Terreno Realty News
Read the latest news about Terreno Realty, including recent articles, headlines, and updates.
Terreno Realty: A 'Moat-Worthy' REIT Powered By The Trump Factor
Terreno Realty is a "wide moat" REIT with superior location advantages in six major U.S. coastal markets, driving strong market rent performance. TRNO boasts a conservative capital structure with low net debt/EBITDA and minimal refinancing headwinds, enhancing its financial stability and growth potential. TRNO's superior real estate and defensive balance sheet lead to attractive operating fundamentals, with analysts forecasting 10% growth in 2025, outperforming peers.
My Top 10 REITs For 2025 (Revisited)
I screened for high-quality, competitively advantaged REITs to deliver 29% annualized returns in 2025; the portfolio is on target with a 5.4% YTD return. Top performers include Terreno (+13.5%), EastGroup (+12.7%), and Realty Income (+7.9%), while Ryman Hospitality (-4.6%) and Alexandria (-0.7%) lag. Strong balance sheets and strategic market positioning are key factors for REITs like EastGroup, Terreno, and Rexford, supporting my buy and strong buy ratings.
5 Signs Of Unmatched Quality In Terreno Realty
Terreno's insider ownership, strategic property locations, and low leverage set it apart, with management demonstrating excellent capital allocation and property flipping skills. Terreno's valuation, though higher than peers, is justified by its historic and forward AFFO growth, minimal debt, and limited shareholder dilution. Risks include high interest rates, reliance on industrial trends, and key man risk, but Terreno's fundamentals and management quality make it a strong buy.
Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the fourth quarter of 2024. Operating As of December 31, 2024, Terreno Realty Corporation owned 299 buildings aggregating approximately 19.3 million square feet and 47 improved land parcels consisting of approximately 150.6 acres leased to 670 customers: Th.
REITs Say 'Good Riddance' To 2024
U.S. equity markets sputtered in a choppy final week of 2024 as investors returned from the holidays with trepidation following the best two-year run for the S&P 500 since 1997-1998. The S&P 500 finished lower by 0.5% on the week, requiring a late-week rebound to pare steep declines following a historically ugly stretch of losses in the Christmas-to-New-Year period. Treasury yields posted a weekly decline for the first time in a month, pressured by a relatively weak slate of economic data, including soft PMI employment metrics and mortgage demand.
My Top 10 REITs For 2025
Over 15 years, I've seen the REIT sector evolve, allowing small investors to own diverse properties like cell towers, data centers, and casinos. Inspired by Warren Buffett, I analyze REITs by their competitive advantages and financials, focusing on those with wide moats and trading at a margin of safety. My Top 10 REITs for 2025 include EastGroup, Terreno Realty, Rexford Industrial, VICI Properties, American Tower, Realty Income, Ryman Hospitality, Alexandria Real Estate, Americold, and NNN REIT.
Sector Spotlight: Industrial REITs - Still A Real Estate Darling?
The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFFO multiples from 35.5x in 2021 to 20.5x recently. Despite strong demand, new supply has suppressed rent growth and occupancy, leading to tepid SSNOI growth.
Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.
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