TRNO (Terreno Realty) Moat Score: 5/10 (As of Jul. 04, 2026)


TRNO Terreno Realty Corp TRNO
93 GF Score
Price $67.33
GF Value $71.32
Valuation Fairly Valued
! 5 Warning Signs
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What is Terreno Realty Moat Score?

Terreno Realty TRNO +2.00% 93 Moat Score is 5 as of Jul. 04, 2026. GuruFocus rates TRNO with a GF Score™ of 93/100 and a GF Value™ of $71.32 (Fairly Valued). The stock has 5 warning signs investors should review. Among 989 REITs companies, Terreno Realty ranks better than 95.05% on this metric.

Terreno Realty has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Terreno Realty has Narrow Moat: Terreno Realty benefits from a solid narrow moat due to its strategic locations and strong distribution network. While it has some pricing power and economies of scale, it lacks significant network effects or exclusive licenses, limiting its moat to a modest level.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Terreno Realty might have Narrow Moat - Solid narrow moat.

Terreno Realty  (NYSE:TRNO) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Terreno Realty Moat Score Related Terms

TRNO vs STAG, REXR, FR: Moat Score Comparison

For the REIT - Industrial subindustry, Terreno Realty's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs REITs Industry

For the REITs industry and Real Estate sector, Terreno Realty's Moat Score distribution charts can be found below:

* The bar in red indicates where Terreno Realty's Moat Score falls into.


TRNO
93GF Score
Terreno Realty Corp TRNO
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Terreno Realty (TRNO) has a Moat Score of 5 as of Jul. 04, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Terreno Realty ranks #49 out of 989 companies in the REITs industry, placing it in the top 5%.
Is Terreno Realty's Moat Score too high?
Terreno Realty's current Moat Score is 5. Based on the distribution chart, Terreno Realty ranks #49 out of 989 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Terreno Realty has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terreno Realty's Moat Score compare to STAG and REXR?
According to the REITs industry distribution chart, Terreno Realty ranks #49 out of 989 companies for Moat Score. This places Terreno Realty in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a REITs company?
A good Moat Score depends on the REITs industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Terreno Realty's current Moat Score is 5. 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 $71.32, compared to a current price of $67.33 — trading 5.6% below its estimated fair value. The current Moat Score is 5. Terreno Realty's overall GF Score™ is 93/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Terreno Realty (TRNO), the current Moat Score is 5 as of Jul. 04, 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 undervalued. The current stock price of $67.33 is trading 5.6% below its estimated GF Value™ of $71.32. GuruFocus considers Terreno Realty to be Fairly Valued.

Key valuation signals for TRNO:

  • Moat Score: 5
  • GF Value™: $71.32 vs. price of $67.33 (5.6% below fair value)
  • GF Score™: 93/100 with 5 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 EstateREITs
Other Exchanges T37:Germany
Address 10500 NE 8th Street, Suite 1910, Bellevue, WA, USA, 98004
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.
93GF Score

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

$67.33
Price
$71.32
GF Value