Terreno Realty Corporation (TRNO) - Net Assets
Based on the latest financial reports, Terreno Realty Corporation (TRNO) has net assets worth $4.15 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.39 Billion) and total liabilities ($1.24 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TRNO asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.15 Billion |
| % of Total Assets | 76.95% |
| Annual Growth Rate | 148.19% |
| 5-Year Change | 101.47% |
| 10-Year Change | 410.75% |
| Growth Volatility | 2003015.98 |
Terreno Realty Corporation - Net Assets Trend (2009–2025)
This chart illustrates how Terreno Realty Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Terreno Realty Corporation balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Terreno Realty Corporation (2009–2025)
The table below shows the annual net assets of Terreno Realty Corporation from 2009 to 2025. For live valuation and market cap data, see Terreno Realty Corporation market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.15 Billion | +13.21% |
| 2024-12-31 | $3.66 Billion | +25.65% |
| 2023-12-31 | $2.91 Billion | +30.71% |
| 2022-12-31 | $2.23 Billion | +8.35% |
| 2021-12-31 | $2.06 Billion | +29.58% |
| 2020-12-31 | $1.59 Billion | +4.68% |
| 2019-12-31 | $1.52 Billion | +21.58% |
| 2018-12-31 | $1.25 Billion | +21.44% |
| 2017-12-31 | $1.03 Billion | +26.57% |
| 2016-12-31 | $811.80 Million | +10.74% |
| 2015-12-31 | $733.08 Million | -1.87% |
| 2014-12-31 | $747.04 Million | +70.23% |
| 2013-12-31 | $438.83 Million | +71.91% |
| 2012-12-31 | $255.27 Million | +60.54% |
| 2011-12-31 | $159.01 Million | -3.92% |
| 2010-12-31 | $165.50 Million | +8274850.00% |
| 2009-12-31 | $2.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Terreno Realty Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 28912400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $289.12 Million | 6.97% |
| Common Stock | $1.04 Million | 0.03% |
| Other Comprehensive Income | $-32.85 Million | -0.79% |
| Other Components | $3.89 Billion | 93.79% |
| Total Equity | $4.15 Billion | 100.00% |
Terreno Realty Corporation Competitors by Market Cap
The table below lists competitors of Terreno Realty Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
37 Interactive Entertainment Network Technology Group Co Ltd
SHE:002555
|
$6.94 Billion |
|
Stockland
AU:SGP
|
$6.94 Billion |
|
UNO Minda Limited
NSE:UNOMINDA
|
$6.94 Billion |
|
Orica Ltd
AU:ORI
|
$6.94 Billion |
|
Beijing Huafeng Test & Control Technology Co Ltd
SHG:688200
|
$6.93 Billion |
|
Hebei Yangyuan ZhiHui Beverage Co Ltd
SHG:603156
|
$6.92 Billion |
|
Longfor Group Holdings Limited
F:RLF
|
$6.91 Billion |
|
Inner Mongolia Junzheng Energy & Chemical Group Co Ltd
SHG:601216
|
$6.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Terreno Realty Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,662,332,000 to 4,146,278,000, a change of 483,946,000 (13.2%).
- Net income of 402,992,000 contributed positively to equity growth.
- Dividend payments of 203,892,000 reduced retained earnings.
- Share repurchases of 3,286,000 reduced equity.
- New share issuances of 281,015,000 increased equity.
- Other comprehensive income decreased equity by 1,750,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $402.99 Million | +9.72% |
| Dividends Paid | $203.89 Million | -4.92% |
| Share Repurchases | $3.29 Million | -0.08% |
| Share Issuances | $281.01 Million | +6.78% |
| Other Comprehensive Income | $-1.75 Million | -0.04% |
| Other Changes | $8.87 Million | +0.21% |
| Total Change | $- | 13.21% |
Book Value vs Market Value Analysis
This analysis compares Terreno Realty Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.59x to 1.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $18.16 | $65.27 | x |
| 2011-12-31 | $17.36 | $65.27 | x |
| 2012-12-31 | $19.43 | $65.27 | x |
| 2013-12-31 | $20.89 | $65.27 | x |
| 2014-12-31 | $24.55 | $65.27 | x |
| 2015-12-31 | $17.10 | $65.27 | x |
| 2016-12-31 | $18.15 | $65.27 | x |
| 2017-12-31 | $20.01 | $65.27 | x |
| 2018-12-31 | $21.71 | $65.27 | x |
| 2019-12-31 | $23.44 | $65.27 | x |
| 2020-12-31 | $23.30 | $65.27 | x |
| 2021-12-31 | $29.07 | $65.27 | x |
| 2022-12-31 | $29.50 | $65.27 | x |
| 2023-12-31 | $34.96 | $65.27 | x |
| 2024-12-31 | $38.21 | $65.27 | x |
| 2025-12-31 | $40.36 | $65.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Terreno Realty Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 84.59%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.30x
- Recent ROE (9.72%) is above the historical average (3.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -3.26% | -133.71% | 0.02x | 1.17x | $-21.94 Million |
| 2011 | -2.35% | -21.31% | 0.07x | 1.68x | $-19.63 Million |
| 2012 | 1.59% | 13.04% | 0.07x | 1.74x | $-21.46 Million |
| 2013 | 1.51% | 14.59% | 0.07x | 1.47x | $-37.24 Million |
| 2014 | 1.43% | 15.56% | 0.06x | 1.44x | $-63.99 Million |
| 2015 | 1.99% | 15.23% | 0.08x | 1.57x | $-58.71 Million |
| 2016 | 1.86% | 13.94% | 0.08x | 1.58x | $-66.06 Million |
| 2017 | 5.17% | 40.08% | 0.08x | 1.53x | $-49.65 Million |
| 2018 | 5.07% | 41.73% | 0.08x | 1.44x | $-61.49 Million |
| 2019 | 3.66% | 32.46% | 0.08x | 1.39x | $-96.20 Million |
| 2020 | 5.02% | 42.70% | 0.09x | 1.35x | $-79.02 Million |
| 2021 | 4.24% | 39.32% | 0.08x | 1.42x | $-118.54 Million |
| 2022 | 8.88% | 71.69% | 0.09x | 1.42x | $-24.97 Million |
| 2023 | 5.20% | 46.81% | 0.08x | 1.34x | $-140.01 Million |
| 2024 | 5.04% | 48.22% | 0.08x | 1.30x | $-181.74 Million |
| 2025 | 9.72% | 84.59% | 0.09x | 1.30x | $-11.64 Million |
Industry Comparison
This section compares Terreno Realty Corporation's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $1,448,989,196
- Average return on equity (ROE) among peers: 1.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Terreno Realty Corporation (TRNO) | $4.15 Billion | -3.26% | 0.30x | $6.94 Billion |
| Americold Realty Trust (COLD) | $368.57 Million | -11.61% | 3.30x | $3.44 Billion |
| CubeSmart (CUBE) | $395.22 Million | -8.18% | 0.96x | $9.12 Billion |
| EastGroup Properties Inc (EGP) | $353.69 Million | 6.60% | 1.17x | $10.01 Billion |
| Extra Space Storage Inc (EXR) | $2.60 Billion | 14.10% | 1.73x | $29.99 Billion |
| First Industrial Realty Trust Inc (FR) | $1.80 Billion | 13.28% | 0.96x | $7.81 Billion |
| Innovative Industrial Properties Inc (IIPR) | $73.55 Million | -0.10% | 0.09x | $1.43 Billion |
| Industrial Logistics Properties Trust (ILPT) | $995.69 Million | 5.27% | 1.47x | $375.26 Million |
| Lineage, Inc. Common Stock (LINE) | $5.28 Billion | -2.91% | 2.11x | $8.46 Billion |
| LXP Industrial Trust (LXP) | $2.39 Billion | 4.76% | 0.70x | $2.82 Billion |
| Modiv Inc (MDV) | $241.03 Million | -1.36% | 0.89x | $152.69 Million |
About Terreno Realty Corporation
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets. It includes New York City, Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited. As of Septembe… Read more