
Terreno Realty Corporation (TRNO)
ValueMarkers Composite Index
54% below intrinsic value ($143)
Terreno Realty Corporation (TRNO) — VMCI valuation read
Across 120 indicators, Terreno Realty Corporation (TRNO) lands at VMCI 57/100. The Real Estate sector median is 50, so the 7-point above-median read is the active comparison. Pillar weighting on the score: Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%.
No material Form 4 disclosures landed on TRNO in the past 30 days. Quiet insider tape removes one signal source; the active reads stay with the trailing-twelve-month financials and the next 10-Q.
**Investor frame.** On Value, TRNO trades at 21.0x earnings, 17% above the Real Estate median of 18.0x; the EV/EBITDA delta of -2.0x reinforces that single line. On Quality, ROIC of 13.0% sits 3.0pp above the Real Estate median (10.0%). On Risk, net debt to EBITDA of -1.1x leaves covenant headroom for TRNO on the trailing balance sheet.
TRNO rose 2.2% over the trailing 7 days, with a +3.3% read on a 30-day basis.
{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.}
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