Terreno Realty (TRNO) Operating Expenses (2010 - 2026)
Terreno Realty's (TRNO) quarterly Operating Expenses came in at $73.7 million in Q1 2026, up 9.36% year-on-year from $67.4 million in Q1 2025, and down 7.89% quarter-over-quarter from $80.1 million in Q4 2025.
Terreno Realty (TRNO) Operating Expenses (2010 - 2026) Analysis & Trends
Terreno Realty has disclosed Operating Expenses across 17 years of filings, most recently posting $73.7 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $73.7 million, up 9.36% year-over-year; the trailing twelve-month figure through Mar 2026 was $290.6 million (up 16.36% YoY), and the FY2025 annual result was $284.3 million, up 21.15% from the prior year.
- Operating Expenses came in at $73.7 million for Q1 2026 at Terreno Realty, down from $80.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $80.1 million in Q4 2025 to a low of $39.4 million in Q1 2022.
- The 5-year median for Operating Expenses is $52.3 million (2024), against an average of $55.9 million.
- Across the five-year window, Operating Expenses rose 29.12% in 2022 and advanced 8.37% in 2023, its largest moves.
- Terreno Realty's Operating Expenses stood at $46.2 million in 2022, then gained by 8.37% to $50.1 million in 2023, then grew by 28.9% to $64.5 million in 2024, then climbed by 24.1% to $80.1 million in 2025, then retreated by 7.89% to $73.7 million in 2026.
- The last three Operating Expenses figures came in at $73.7 million (Q1 2026), $80.1 million (Q4 2025), and $68.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.79 Bn | 141.12 Bn | 2.24 Bn | -3.97 Bn |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 743.46 Mn |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | 488.47 Mn |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | 113.86 Mn |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | 1.26 Bn |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | 168.70 Mn |
| 7 | Rexford Industrial Realty | 7.99 Bn | 8.37 Bn | - | 144.62 Mn |
| 8 | STAG Industrial | 7.40 Bn | 7.47 Bn | - | 140.20 Mn |
| 9 | Terreno Realty | 7.04 Bn | 7.04 Bn | - | 73.75 Mn |
| 10 | Americold Realty Trust | 4.14 Bn | 4.14 Bn | 195.51 Mn | 615.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 32.12 Mn |