TRNO (Terreno Realty) Dividend Payout Ratio: 1.03 (As of Mar. 2026) — 17% Below Median

What is Terreno Realty Dividend Payout Ratio?

Terreno Realty TRNO -1.49% 93 Dividend Payout Ratio is 1.03 as of Mar. 2026, which is 17% below its 10-year median of 1.24. GuruFocus rates TRNO with a GF Score™ of 93/100 and a GF Value™ of $71.30 (Fairly Valued). The stock has 5 warning signs investors should review. Among 716 REITs companies, Terreno Realty ranks better than 56.98% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Terreno Realty's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.03.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Terreno Realty Corp is 0.93, which seems too high.

The historical rank and industry rank for Terreno Realty's Dividend Payout Ratio or its related term are showing as below:

TRNO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.93 Med: 1.24 Max: 3.64
Current: 0.93

During the past 13 years, the highest Dividend Payout Ratio of Terreno Realty was 3.64. The lowest was 0.93. And the median was 1.24.

TRNO's Dividend Payout Ratio is ranked better than
56.98% of 716 companies
in the REITs industry
Industry Median: 0.99 vs TRNO: 0.93

As of today (2026-07-01), the Dividend Yield % of Terreno Realty is 3.22%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Terreno Realty was 3.65%. The lowest was 1.48%. And the median was 2.40%.

Terreno Realty's Dividends per Share for the months ended in Mar. 2026 was $0.52.

During the past 12 months, Terreno Realty's average Dividends Per Share Growth Rate was 6.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Terreno Realty was 14.90% per year. The lowest was 10.10% per year. And the median was 12.65% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Terreno Realty (NYSE:TRNO) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Terreno Realty Dividend Payout Ratio Related Terms

Terreno Realty Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Terreno Realty's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Terreno Realty Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.19

1.02

1.17

1.22

0.97

Terreno Realty Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.30	1.01	0.99	0.75	1.03

TRNO vs STAG, REXR, FR: Dividend Payout Ratio Comparison

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

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

* The bar in red indicates where Terreno Realty's Dividend Payout Ratio falls into.

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93GF Score

Terreno Realty Corp TRNO

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Terreno Realty Dividend Payout Ratio Calculation

Terreno Realty's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	2.02	/	2.079
	=	0.97

Terreno Realty's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.52	/	0.505
	=	1.03

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.03 mean?

Terreno Realty (TRNO) has a Dividend Payout Ratio of 1.03 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Terreno Realty and its competitors. This is 17% below median its historical median of 1.24. Over the past decade, Terreno Realty's Dividend Payout Ratio has ranged from 0.93 to 3.64. According to the industry distribution chart, Terreno Realty ranks #308 out of 716 companies in the REITs industry, placing it in the top 43%.

Is Terreno Realty's Dividend Payout Ratio too high?

Terreno Realty's current Dividend Payout Ratio of 1.03 is 17% below median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 3.64. The REITs industry median Dividend Payout Ratio is 0.99. Terreno Realty's value of 1.03 is 4% above this industry median. Based on the distribution chart, Terreno Realty ranks #308 out of 716 companies in the REITs industry, which is above the industry midpoint. 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 Dividend Payout Ratio compare to STAG and REXR?

According to the REITs industry distribution chart, Terreno Realty ranks #308 out of 716 companies for Dividend Payout Ratio. This puts Terreno Realty in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Terreno Realty's value of 1.03 is 4% above this benchmark. Historically, Terreno Realty's own Dividend Payout Ratio has ranged from 0.93 to 3.64 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 0.99, Terreno Realty has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Terreno Realty's current Dividend Payout Ratio of 1.03 is 4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Terreno Realty and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terreno Realty's current Dividend Payout Ratio is 1.03, which is 17% below median its own 10-year median of 1.24. 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 $71.30, compared to a current price of $64.77 — trading 9.2% below its estimated fair value. The current Dividend Payout Ratio is 1.03, which is 17% below median its 10-year median of 1.24 and 4% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Terreno Realty (TRNO), the current Dividend Payout Ratio is 1.03 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 undervalued. The current stock price of $64.77 is trading 9.2% below its estimated GF Value™ of $71.30. GuruFocus considers Terreno Realty to be Fairly Valued.

Key valuation signals for TRNO:

Dividend Payout Ratio: 1.03 (17% below median its 10-year median of 1.24)
GF Value™: $71.30 vs. price of $64.77 (9.2% below fair value)
GF Score™: 93/100 with 5 warning signs
Industry Position: 4% above the REITs median (#308 of 716)

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.

93GF Score

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

$64.77

Price

$71.30

GF Value

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