Terreno Realty Corporation(TRNO)
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
Snapshot
$67.19
- 52-Week Range
- $53.00 – $67.83
- YTD
- +13.85%
- IV Rank (30D)
- 10.97
- Straddle Price
- $5.40
- P/C Vol Ratio
- 0.00
- Market Cap
- $7.0B
Fair Value
+9.2% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 0.5% and dividend payments are stable.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.53% |
| Beta vs SPY | 1.00 |
| Cost of Equity (CAPM) | 10.03% (VRP-adj) |
| WACC | 9.36% |
| Volatility Risk Premium | +21.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +10.9% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.6B |
| Return on Equity (TTM) | 9.8% |
| Book / Price | 62.2% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 100.0% |
| FCF Margin (TTM) | -129.4% |
| Debt / Equity | 0.22 |
| Quality Score | 3/6 — normal (10y DCF) |
| SMA 50 | $65.36 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $65.48 |
| Bollinger Width / SMA20 | 10.6% (drives anchor stability) |
| Net Debt | $0.9B |
| Market Cap | $7B |
Peers used for multiples: DLR, GTY, MRP, PLD, WELL
(filtered from 8 ETF-co-members; sector bias active)
Blended Fair Value
$73.46
Current Price
$67.27
Deviation
+9.2%
Forward-Return Rank
LONG
gates ✓
?
| Horizon | Expected α | z Pred | Blended z | Rank % | Active? |
|---|---|---|---|---|---|
| 21d | -4.5% ⚠ | -0.50 | -0.29 | 13.6% | — |
| 42d | -7.5% ⚠ | -0.71 | -0.39 | 8.9% | — |
| 63d | -8.4% ⚠ | -0.68 | -0.37 | 7.6% | — |
Expected α = forward-return point estimate vs SPY (e.g., +7.5% means the predictor expects this stock to outperform SPY by 7.5% over that horizon).
For SHORT direction the model uses a different ranking metric (conviction-weighted deviation, not the LGBM prediction); Expected α is shown for reference.
⚠ flags rows where Expected α disagrees with the FV direction — two independent signals are in conflict; conviction is low even if rank looks extreme.
Forward-Return Rank. A proprietary ensemble of a machine-learning forward-return model and a conviction-weighted fundamental score, ranked cross-sectionally each day across the S&P 500 (and broader universes on the screener). Each stock is scored at three horizons (21/42/63 trading days). "Active" = top/bottom 5% AND all risk filters pass. Backtested mean alpha vs SPY on active picks: 21d LONG +13.4%, 63d +34.9% (S&P 500, walk-forward). Past performance is not indicative of future results.
Value vs momentum conflict ⚠. The "FV direction" (long/short) comes from the fundamentals-based engine — price vs intrinsic value. The "Expected α" comes from a separate machine-learning predictor trained on ~12 features (sector, options-implied move, beta, institutional flow, etc.). Sometimes the two disagree: a stock is overvalued by fundamentals but the predictor expects it to keep outperforming (sector or momentum tailwinds). When all 3 horizons disagree, treat the direction signal as low-conviction — neither model is strongly recommending a position.
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $53.65 | 20% | |
| Peer P/E | $164.75 | 8% | median 36.6× · 5 peers |
| Peer EV/EBITDA | $76.57 | 8% | median 27.1× · 5 peers |
| Peer P/B | $105.39 | 8% | median 2.5× · 5 peers |
| Peer P/S | $52.21 | 8% | median 10.0× · 5 peers |
| Market Anchor (SMA50) | $65.36 | 49% | stability 97% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-06-12 · updated 2026-06-12 20:59:55.687000
Info
- Industry (SIC)
- REAL ESTATE (6500)
- Exchange
- XNYS
- Market Cap
- $7.0B
Terreno Realty Corp is a real estate investment trust engaged in acquiring, owning, and operating industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land.
Price History
Seasonality
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | +1.87% | 6 |
| Feb | +0.52% | 6 |
| Mar | -1.10% | 6 |
| Apr | -1.89% | 6 |
| May | -0.56% | 6 |
| Jun | -0.35% | 6 |
| Jul | +6.72% | 5 |
| Aug | +0.58% | 5 |
| Sep | -5.14% | 5 |
| Oct | +0.48% | 5 |
| Nov | +3.70% | 5 |
| Dec | +2.80% | 5 |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $65.56
SMA 50: $65.47
SMA 200: $62.02
Current: $67.27
EMA 12: $65.77
EMA 26: $65.55
MACD: 0.2178 | Signal: 0.1976
BULLISH
ADX (14): 19.13
RANGE
+DI: 24.01
−DI: 18.22
Momentum Oscillators
RSI (14): 59.15
NEUTRAL
Stoch %K: 76.22
Stoch %D: 71.32
Williams %R: -11.89
Volume & Volatility
BB Upper: $67.97
BB Lower: $63.15
NEUTRAL
OBV: 42,106,238
Vol SMA 20: 806,221
Vol ROC: -22.78%
ATR: $1.40
True Range: $0.92
HV 20: 26.3%
HV 30: 22.7%
HV 60: 20.1%
Data Summary
Data Points: 500
Last Updated: 2026-06-12T21:15:21.563000
Date Range: 2024-06-14T00:00:00 – 2026-06-12T00:00:00
AI Analysis
Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
Options Activity
- IV Rank (30D)
- 10.97
- IV Rank (7D)
- 100
- Avg IV
- 39.8%
- Straddle (30D)
- $5.40
- Straddle (7D)
- $4.95
- P/C Volume
- 0.00
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR25 and BF25 from the live options chain. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Volatility Surface
Enter a ticker to render the implied volatility surface.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
- Beta (1Y vs SPY)
- 0.55
- Correlation (SPY)
- 31.3%
- R²
- 0.10
- Ann. Volatility
- 21.5%
- SPY Volatility
- 12.3%
Low volatility - stock moves less than market
Beta & Alpha Over Time
Institutional Ownership (13F)
Latest filings — 2026-03-31
? 13F Guide
Diluted shares outstanding: 103,523,899 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
1 filers$2.35M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Dockside LLC | $2.35M | 100.00% | 2026-03-31 |
Insider Activity
Latest: 2026-05-07
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-05-07 | CONSTANCE E VON MUEHLEN | Director | Award (A) | +2,462 | — | EDGAR | |
| 2026-05-07 | DOUGLAS M PASQUALE | Director | Award (A) | +2,462 | — | EDGAR | |
| 2026-05-07 | Irene H Oh | Director | Award (A) | +2,462 | — | EDGAR | |
| 2026-05-07 | Gary N Boston | Director | Award (A) | +2,462 | — | EDGAR | |
| 2026-05-07 | LEROY E CARLSON | Director | Award (A) | +2,462 | — | EDGAR | |
| 2026-05-07 | PAUL JOSEPH DONAHUE | Director | Award (A) | +2,462 | — | EDGAR | |
| 2026-02-10 | Jaime Jackson Cannon | CFO | Sell (S) | −7,000 | $65.99 | -$461.9K | EDGAR |
| 2026-01-09 | John Tull Meyer | EVP | Award (A) | +7,127 | — | EDGAR | |
| 2026-01-09 | W BLAKE BAIRD | CHAIRMAN AND CEO | Award (A) | +29,890 | — | EDGAR | |
| 2026-01-09 | MICHAEL A COKE | President | Award (A) | +29,890 | — | EDGAR | |
| 2026-01-09 | Jaime Jackson Cannon | CFO | Award (A) | +5,757 | — | EDGAR | |
| 2025-11-07 | John Tull Meyer | EVP | Sell (S) | −4,758 | $59.95 | -$285.2K | EDGAR |
| 2025-08-14 | MICHAEL A COKE | President | Sell (S) | −10,000 | $53.96 | -$539.6K | EDGAR |
| 2025-08-07 | MICHAEL A COKE | President | Award (A) | +28,840 | — | EDGAR | |
| 2025-08-07 | W BLAKE BAIRD | CHAIRMAN AND CEO | Award (A) | +28,840 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
Insider Holdings
17 insiders · @ $67.27
Officers, directors, and 10%+ owners ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | W BLAKE BAIRD | CHAIRMAN AND CEO | 878,170 | $59.07M | $5.81M | 30 | 2026-01-09 |
| 2 | MICHAEL A COKE | President | 617,245 | $41.52M | $648.9K | 29 | 2026-01-09 |
| 3 | John Tull Meyer | EVP | 194,390 | $13.08M | -$707.0K | 28 | 2026-01-09 |
| 4 | Jaime Jackson Cannon | CFO | 183,240 | $12.33M | -$803.7K | 25 | 2026-02-10 |
| 5 | Andrew Thomas Burke | EVP | 123,176 | $8.29M | $0 | 16 | 2022-01-11 |
| 6 | DOUGLAS M PASQUALE | Director | 115,176 | $7.75M | $280.8K | 21 | 2026-05-07 |
| 7 | Peter J Merlone | Director | 54,500 | $3.67M | $0 | 4 | 2017-09-06 |
| 8 | DENNIS POLK | Director | 46,634 | $3.14M | -$616.4K | 12 | 2025-02-13 |
| 9 | LEROY E CARLSON | Director | 42,449 | $2.86M | -$527.8K | 17 | 2026-05-07 |
| 10 | Melinda Weston | Chief Accounting Officer | 17,462 | $1.17M | -$93.1K | 3 | 2024-02-21 |
| 11 | Gabriela Franco Parcella | Director | 13,746 | $924.7K | $208.8K | 5 | 2021-05-05 |
| 12 | David M Lee | Director | 12,623 | $849.1K | $210.2K | 5 | 2022-05-05 |
| 13 | Gary N Boston | Director | 10,703 | $720.0K | $0 | 4 | 2026-05-07 |
| 14 | Irene H Oh | Director | 9,658 | $649.7K | $0 | 4 | 2026-05-07 |
| 15 | Linda Assante | Director | 7,463 | $502.0K | $0 | 4 | 2023-05-04 |
| 16 | CONSTANCE E VON MUEHLEN | Director | 5,301 | $356.6K | $0 | 2 | 2026-05-07 |
| 17 | PAUL JOSEPH DONAHUE | Director | 2,462 | $165.6K | $0 | 1 | 2026-05-07 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
| P/E Ratio | 16.4 |
| P/B Ratio | 1.6 |
| P/S Ratio | 14.4 |
| EV/EBITDA | 26.8 |
| TTM Revenue | $0.5B |
| TTM Net Income | $0.4B |
| TTM EPS | $4.09 |
| ROE | 9.8% |
| Dividend Yield | 2.97% |
| Debt/Equity | 0.22 |