Terreno Realty (TRNO) Operating Expenses (2010 - 2026)
Terreno Realty (TRNO) posted Operating Expenses of $73.7 million for Q1 2026, down 7.89% sequentially from $80.1 million in Q4 2025, and up 9.36% YoY from $67.4 million in Q1 2025.
Terreno Realty (TRNO) Operating Expenses (2010 - 2026) Analysis & Trends
Terreno Realty has reported Operating Expenses for 17 years, with the latest figure at $73.7 million in Q1 2026.
- Quarterly Operating Expenses rose 9.36% year-over-year to $73.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $290.6 million (up 16.36% YoY) and the FY2025 annual result came in at $284.3 million, up 21.15% from the prior year.
- Operating Expenses slipped to $73.7 million in Q1 2026 per TRNO's latest filing, from $80.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $80.1 million in Q4 2025 and troughed at $39.4 million in Q1 2022.
- A 5-year average of $55.9 million and a median of $52.3 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses advanced 29.12% in 2022, then grew 8.37% in 2023.
- Over 5 years, Operating Expenses stood at $46.2 million in 2022, then climbed by 8.37% to $50.1 million in 2023, then rose by 28.9% to $64.5 million in 2024, then increased by 24.1% to $80.1 million in 2025, then slipped by 7.89% to $73.7 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $73.7 million, $80.1 million, and $68.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 1.47 Bn |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 766.20 Mn |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 481.97 Mn |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 114.53 Mn |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 1.31 Bn |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 169.10 Mn |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | 143.39 Mn |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | 72.62 Mn |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | 141.27 Mn |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | 950.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 72.62 Mn |
| Mar 31, 2026 | 73.75 Mn |
| Dec 31, 2025 | 80.07 Mn |
| Sep 30, 2025 | 68.29 Mn |
| Jun 30, 2025 | 68.51 Mn |
| Mar 31, 2025 | 67.43 Mn |
| Dec 31, 2024 | 64.52 Mn |
| Sep 30, 2024 | 60.44 Mn |
| Jun 30, 2024 | 57.36 Mn |
| Mar 31, 2024 | 52.34 Mn |
| Dec 31, 2023 | 50.05 Mn |
| Sep 30, 2023 | 47.88 Mn |
| Jun 30, 2023 | 46.61 Mn |
| Mar 31, 2023 | 45.91 Mn |
| Dec 31, 2022 | 46.19 Mn |
| Sep 30, 2022 | 42.27 Mn |
| Jun 30, 2022 | 39.45 Mn |
| Mar 31, 2022 | 39.41 Mn |
| Dec 31, 2021 | 36.79 Mn |
| Sep 30, 2021 | 34.64 Mn |