Terreno Realty Corp (TRNO) stock analysis

P/E below its 5-year median

Terreno Realty's P/E of 20.2 is below its own 5-year median of 29.2.

P/E above the industry

Terreno Realty's P/E of 20.2 is above the Real estate median of 17.3.

EV/EBITDA against its history

Needs positive EBITDA and price history.

P/B above the industry

Terreno Realty's price-to-book of 1.61 is above the Real estate median of 0.84.

Trading above fair value

The share price of $67.31 is above our fair value estimate of $61.73.

Margin of safety under 20%

The price is 9.0% above fair value, so there is no margin of safety.

Revenue growing 10%+ a year

Revenue grew 19.9% a year over the last three fiscal years.

EPS growing 10%+ a year

Diluted EPS grew 14.4% a year over the last three fiscal years.

Earnings growth not accelerating

Net income grew 10.1% over the last twelve months, against a 5-year average of 38.2% a year.

Growing faster than the industry

Revenue grew 17.2% over the last twelve months; the Real estate median is 5.4%.

Company guidance

No outlook found in earnings releases from the last twelve months.

Gross margin trend

This company does not report gross profit.

Return on equity under 15%

Return on equity was 8.3% over the last twelve months and averaged 7.2% over five years; we look for 15% on both.

Return on invested capital

Needs operating income and invested capital.

Return on equity above the industry

Terreno Realty's return on equity of 8.3% is above the Real estate median of 1.5%.

Earnings grew over 5 years

Net income grew 38.2% a year on average over the last five fiscal years.

Net margin above its 5-year average

Net margin was 68.1% over the last twelve months, against a 5-year average of 58.1%.

Net margin above the industry

Terreno Realty's net margin of 68.1% is above the Real estate median of 8.6%.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt coverage

Needs operating cash flow.

Interest coverage

Interest expense is not reported separately.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Low bankruptcy risk

The Altman Z-score is 3.75; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Terreno Realty paid dividends worth 3.2% of the share price over the last twelve months.

Yield below Treasuries

The 3.2% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; Terreno Realty yields 3.2%.

Dividend not cut

The dividend per share has not fallen by more than 10% in any of the last 7 fiscal years.

Covered by earnings

Dividends take 62.1% of net income.

Cash-flow cover

Needs dividends paid and free cash flow.