Terreno Realty (TRNO) Net Margin (2010 - 2026)
Terreno Realty (TRNO) recorded Net Margin of 45.96% in Q2 2026, down 36.80 percentage points from 82.75% a year earlier and down 9.58 percentage points from the prior quarter.
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Analysis
Terreno Realty (TRNO) Net Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Terreno Realty's Net Margin came in at 76.92% as of Jun 30, 2026, up 17.52 percentage points year-over-year; for FY2025, it came in at 84.22%, up 36.20 percentage points from FY2024.
- Annual Net Margin has a five-year change of +41.73 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 48.01% in FY2024 (+1.43 pp), 46.59% in FY2023 (-24.79 pp), 71.38% in FY2022 (+32.20 pp) and 39.18% in FY2021 (-3.31 pp).
- The Q2 2026 figure is the lowest quarterly Net Margin since Q1 2025.
- On a year-over-year basis, Net Margin rose in seven of the last eight quarters, with an average year-over-year change of +15.25 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 115.35 percentage points in Q2 2022, against a drop of 97.47 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 55.54% (Q1 2026), 114.55% (Q4 2025) and 88.52% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 176.94 Bn | 162.96 Bn | 1.47 Bn | 10.67% |
| 2 | Prologis | 122.03 Bn | 115.99 Bn | - | 34.17% |
| 3 | Simon Property | 74.72 Bn | 70.78 Bn | - | 26.98% |
| 4 | Public Storage | 61.00 Bn | 59.72 Bn | - | 22.86% |
| 5 | Realty Income | 55.78 Bn | 54.05 Bn | - | 24.91% |
| 6 | Ventas | 45.39 Bn | 44.06 Bn | - | 3.57% |
| 7 | Extra Space Storage | 33.09 Bn | 32.00 Bn | 650.96 Mn | 27.84% |
| 8 | Vici Properties | 27.35 Bn | 25.70 Bn | 1.06 Bn | 32.15% |
| 9 | Vivmark Residential | 24.46 Bn | 24.24 Bn | - | - |
| 10 | Terreno Realty | 7.25 Bn | 7.00 Bn | - | 51.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 51.26% |
| Jun 30, 2026 | 45.96% |
| Mar 31, 2026 | 55.54% |
| Dec 31, 2025 | 114.55% |
| Sep 30, 2025 | 88.52% |
| Jun 30, 2025 | 82.75% |
| Mar 31, 2025 | 43.40% |
| Dec 31, 2024 | 73.07% |
| Sep 30, 2024 | 36.62% |
| Jun 30, 2024 | 37.71% |
| Mar 31, 2024 | 42.23% |
| Dec 31, 2023 | 66.23% |
| Sep 30, 2023 | 36.38% |
| Jun 30, 2023 | 50.39% |
| Mar 31, 2023 | 31.11% |
| Dec 31, 2022 | 77.11% |
| Sep 30, 2022 | 31.54% |
| Jun 30, 2022 | 147.85% |
| Mar 31, 2022 | 30.58% |
| Dec 31, 2021 | 52.97% |
API Access
Terreno Realty Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=TRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "TRNO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=TRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();