NYSE$TRNO

Terreno Realty Corp · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Terreno Realty reported Q1 2025, revenue of $110.4M, net income of $48.1M, diluted EPS of $0.40.

For Q1 2025, Terreno Realty reported revenue of $110.4M, net income of $48.1M, diluted EPS was $0.40. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Q1 2025 revenue $110.4M.
  • Net income $48.1M.
  • Diluted EPS $0.40.

Headline financials

Total Revenue

$110M

Previous: $85M+29.9%
EPS (adj)

$0.40

Previous: $0.40+0.0%
Total annualized base rent

$328M

No prior period
ABR per occupied sqft

15.69

No prior period
Operating portfolio occupancy

96.6%

No prior period
Rentable square feet

19.3M

No prior period
Number of buildings

298

No prior period
Land annualized base rent

$35.8M

No prior period
Land occupancy

95.1%

No prior period
Improved land acres

150.6

No prior period
Improved land parcels

47

No prior period
Capital Expenditures

-$47.9M

Previous: -$58.8M+18.5%
Free Cash Flow

$253K

Previous: -$22.7M+101.1%
Net Income

$48.1M

Previous: $36.1M+33.5%
Operating Income

$71.8M

Previous: $53.6M+33.9%
Gross Profit

$110M

Previous: $85M+29.9%
Cash & Equivalents

$157M

Previous: $650M-75.9%
Total Assets

$4.91B

Previous: $4.44B+10.5%

Revenue & EPS history

Terreno Realty · Revenue · Quarterly

$110M

Q1 2025+29.9%vs Q1 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Terreno Realty · $137M total across 1 segment · Q4 2025

  • Rental revenues
    $137M+32.6%

Forward guidance

Asset-heavy operators discuss charter rates, dividends, and balance-sheet capacity rather than numeric EPS guidance.

Tailwinds

  • Fleet utilization and TCE trends when markets firm.
  • Irregular dividends and buybacks when cash allows.
  • Low leverage relative to asset values in several names.

Headwinds

  • Spot rate volatility in shipping and real estate cap rates.
  • Drydock and maintenance capex timing.
  • Geopolitical disruption to trade routes.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.7%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.5%

Avg return

30 days after

68%

44 / 65 earnings

Positive

+5.6%

Q4 2018

Best reaction

-4.3%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%-0.3%-2.7%
Q4 2025+1.0%+1.5%-2.9%
Q3 2025+2.0%+6.6%+7.4%
Q2 2025-1.1%-0.1%+8.1%
Q1 2025+0.7%+0.5%-0.2%
Q4 2024+1.6%+0.4%+2.7%
Q3 2024-0.4%+2.2%-2.2%
Q2 2024+3.9%+1.8%+3.8%
Q1 2024+0.2%+0.0%+1.7%
Q4 2023+4.2%+3.7%+5.4%
Q3 2023+3.2%+2.2%+10.7%
Q2 2023+1.0%+2.1%+3.5%
Q1 2023+2.8%+3.0%+3.7%
Q4 2022+0.2%-1.5%-7.6%
Q3 2022-3.6%-1.2%+2.6%
Q2 2022-0.5%+1.8%-3.3%
Q1 2022-2.8%-7.7%-11.9%
Q4 2021-0.8%-2.7%-4.0%
Q3 2021+3.1%-0.1%+2.6%
Q2 2021+0.3%-0.1%+1.6%
Q1 2021-0.0%+0.2%+1.6%
Q4 2020+2.9%+3.1%-3.1%
Q3 2020+1.7%-3.1%-2.5%
Q2 2020+1.2%-1.7%-5.0%
Q1 2020-4.1%-4.1%-0.3%
Q4 2019+1.4%+2.6%+0.3%
Q3 2019+2.7%+2.6%+5.0%
Q2 2019+0.6%-2.9%+2.2%
Q1 2019+1.1%+1.2%+2.4%
Q4 2018+5.6%+2.6%+0.8%
Q3 2018+0.1%+2.8%+4.2%
Q2 2018+2.3%+1.5%+3.4%
Q1 2018+3.0%+4.6%+3.1%
Q4 2017-4.3%-2.1%+4.2%
Q3 2017+2.8%+1.9%+1.9%
Q2 2017+0.0%-0.8%+4.8%
Q1 2017+3.6%+4.3%+9.7%
Q4 2016+3.1%+2.4%+1.0%
Q3 2016-1.9%+0.7%+6.1%
Q2 2016+2.8%+4.7%+0.9%
Q1 2016+1.2%
Q4 2015-2.5%
Q3 2015+0.0%
Q2 2015+1.5%
Q1 2015-1.1%
Q4 2014+2.1%
Q3 2014+0.9%
Q2 2014-0.5%
Q1 2014+1.5%
Q4 2013+2.3%
Q3 2013-0.3%
Q2 2013-0.5%
Q1 2013+3.2%
Q4 2012-1.8%
Q3 2012-3.4%
Q2 2012-0.3%
Q1 2012+2.3%
Q4 2011+1.1%
Q3 2011-3.8%
Q2 2011-0.9%
Q1 2011+0.1%
Q4 2010+5.3%
Q3 2010+0.5%
Q2 2010-0.2%
Q1 2010+0.9%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro