TRNO (Terreno Realty) FFO per Share: $2.54 (TTM As of Mar. 2026)

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Terreno Realty Corp TRNO

92 GF Score

Price $74.74

GF Value $71.44

Valuation Fairly Valued

7 Warning Signs

View Full Analysis

What is Terreno Realty FFO per Share?

Terreno Realty TRNO -0.45% 92 FFO per Share is $2.54 as of Mar. 2026. GuruFocus rates TRNO with a GF Score™ of 92/100 and a GF Value™ of $71.44 (Fairly Valued). The stock has 7 warning signs investors should review.

Terreno Realty's FFO per Share for the three months ended in Mar. 2026 was $0.63. Terreno Realty's FFO per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $2.54.

Terreno Realty FFO per Share Related Terms

Terreno Realty FFO per Share Historical Data

* Premium members only.

The historical data trend for Terreno Realty's FFO per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Terreno Realty FFO per Share Chart

Terreno Realty Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

FFO per Share

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1.60

1.78

2.06

2.24

2.48

Terreno Realty Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
FFO per Share	Get a 7-Day Free Trial															0.57	0.59	0.61	0.71	0.63

TRNO vs STAG, REXR, FR: FFO per Share Comparison

For the REIT - Industrial subindustry, Terreno Realty's Price-to-FFO, along with its competitors' market caps and Price-to-FFO data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Terreno Realty Price-to-FFO vs REITs Industry

For the REITs industry and Real Estate sector, Terreno Realty's Price-to-FFO distribution charts can be found below:

* The bar in red indicates where Terreno Realty's Price-to-FFO falls into.

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92GF Score

Terreno Realty Corp TRNO

FFO per Share is just one metric. See GF Score™, valuation, warning signs, and more.

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Terreno Realty FFO per Share Calculation

FFO per Share is the amount of funds from operations per outstanding share of the REITs stock.

Terreno Realty's FFO per Share for the fiscal year that ended in Dec. 2025 is calculated as

FFO per Share (A: Dec. 2025 )	=	FFO (A: Dec. 2025	/	Shares Outstanding (Diluted Average) (A: Dec. 2025 )
	=	255.038	/	102.724
	=	2.48

Terreno Realty's FFO per Share for the quarter that ended in Mar. 2026 is calculated as

FFO per Share (Q: Mar. 2026 )	=	FFO (Q: Mar. 2026 )	/	Shares Outstanding (Diluted Average) (Q: Mar. 2026 )
	=	66.044	/	105.224
	=	0.63

FFO per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.54

Frequently Asked Questions Learn more about FFO per Share →

What does a FFO per Share of $2.54 mean?

Terreno Realty (TRNO) has a FFO per Share of $2.54 as of Mar. 2026. For REITs, funds from operations equal earnings plus depreciation less gain on sales. View historical data on Terreno Realty and its competitors.

Is Terreno Realty's FFO per Share too high?

Terreno Realty's current FFO per Share is $2.54. Overall, Terreno Realty has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Terreno Realty's FFO per Share compare to STAG and REXR?

Terreno Realty's FFO per Share of $2.54 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good FFO per Share for a REITs company?

A good FFO per Share depends on the REITs industry context. However, FFO per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high FFO per Share mean?

A high FFO per Share can signal that a stock is expensive relative to its fundamentals. For REITs, funds from operations equal earnings plus depreciation less gain on sales. View historical data on Terreno Realty and its competitors. Terreno Realty's current FFO per Share is $2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Terreno Realty stock overvalued right now?

Based on GuruFocus' analysis, Terreno Realty (TRNO) is currently considered Fairly Valued. The stock's GF Value™ is $71.44, compared to a current price of $74.74 — trading 4.6% above its estimated fair value. The current FFO per Share is $2.54. Terreno Realty's overall GF Score™ is 92/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is FFO per Share calculated?

FFO per Share is calculated from a company's financial statements. For Terreno Realty (TRNO), the current FFO per Share is $2.54 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Terreno Realty (TRNO) Overvalued in 2026?

Based on GuruFocus' analysis, Terreno Realty stock appears to be overvalued. The current stock price of $74.74 is trading 4.6% above its estimated GF Value™ of $71.44. GuruFocus considers Terreno Realty to be Fairly Valued.

Key valuation signals for TRNO:

FFO per Share: $2.54
GF Value™: $71.44 vs. price of $74.74 (4.6% above fair value)
GF Score™: 92/100 with 7 warning signs

No single metric tells the full story. See the TRNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Terreno Realty Business Description

Industry Real Estate REITs

Comparable Companies STAG REXR FR CUBE COLD LINE NSA LXP EGP SMA PLD PSA EXR LSE:SGRO SGX:A17U MEX:FIBRAPL14 XBRU:WDP LSE:LMP LSE:BBOX SGX:M44U

Other Exchanges T37:Germany

Address 10500 NE 8th Street, Suite 1910, Bellevue, WA, USA, 98004

Website https://www.terreno.com

Terreno Realty Corp is a real estate investment trust engaged in acquiring, owning, and operating industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land.

92GF Score

Get the complete analysis for TRNO

FFO per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$74.74

Price

$71.44

GF Value

View TRNO Analysis

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