NYSE$TRNO
Terreno Realty Corp · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Terreno Realty reported significantly higher fourth quarter 2025 net income driven by strong property sales gains and rental growth.
For Q4 2025, Terreno Realty generated total revenues of 137481000 and net income available to common stockholders of 157490000, with diluted EPS of 1.52. FFO per diluted share was 0.83 for the quarter.
- Total revenues increased to 137481000 from 103709000 year-over-year.
- Net income available to common stockholders rose to 157490000 from 75778000.
- Diluted EPS increased to 1.52 from 0.76 in the prior year quarter.
- FFO per diluted share was 0.83 compared to 0.62 in Q4 2024.
Headline financials
Revenue & EPS history
Terreno Realty · Revenue · Quarterly
$137M
Revenue by segment
Terreno Realty · $137M total across 1 segment · Q4 2025
- Rental revenues$137M+32.6%100.0%
Forward guidance
Terreno Realty highlighted continued rent growth, strong balance sheet positioning and ongoing development activity across infill coastal markets.
Tailwinds
- Cash-basis same store NOI growth excluding termination fees of 4.0% for the quarter.
- Weighted average occupancy of 96.1% across the operating portfolio.
- Development pipeline totaling 372500000 in expected investment.
- Strong liquidity with 600000000 revolving credit facility capacity.
- Total annualized base rent of 405001000 with diversified lease expirations.
Headwinds
- Higher interest expense year-over-year.
- Vacancy related to tenant bankruptcy at Countyline Building 30.
- Exposure to elevated interest rates and operating costs.
- Ongoing capital expenditures for development and redevelopment projects.
- Potential impacts from supply chain disruptions and economic conditions.
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 Q4 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
| Quarter | Report date | Reaction (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% | — | — |
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