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Terreno Realty Corporation (TRNO) — RQD Stock Rating Cockpit

$66.76 +1.83% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $66.85

Terreno Realty Corporation (TRNO) carries a Roarable Rating of D+ (Sell) with 58/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ • SELL / AVOID Cap $7.14B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on TRNO Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is TRNO stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, Terreno Realty Corporation (NYSE: TRNO) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 58/100 at a spot price of $66.76 (+1.83% 1D, market cap $7.14B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 9/20, SEC Balance-Sheet Forensics 15/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 16/20. Across 1097 tracked Financials issuers, TRNO ranks #452 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does TRNO compare to COMP and FSV in the Financials sector?
▼

Within the Financials sector (Real Estate), TRNO carries a Roarable D+ (58/100 RQD), trailing P/E of 17.8x, gross margin of —, and ROIC of 8.4%. By comparison, COMP (Compass Inc.) holds a D grade (47/100 RQD, P/E N/A, ROIC -8.6%, cap $6.82B) and FSV (FirstService Corporation) posts a C+ grade (69/100 RQD, P/E 23.9x, ROIC 9.1%, cap $6.33B). Among the 5-stock peer group, MRP leads on earnings multiple (11.4x) while CIGI leads on capital efficiency (22.1% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for TRNO?
▼

Per TRNO's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001476150), Terreno Realty Corporation generated $476.4M in revenue (+24.5% YoY), $403.0M in net income, and $250.4M in free cash flow against $5.39B in total assets and $558.8M in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $66.85 (+0.14%)🧬 Cannibal Buyback (-2.36% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 52.6% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 58/100 (D+) historically posted market-perform odds over rolling 90-day windows (+0.0% avg 90D alpha vs SPY • 52.7% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERSELL / AVOID • D+
025507510058
Quant Analyst Panel Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw C- · Rk D+
Cash (11)Whales (9)SEC (15)Macro (7)CEO (16)
Each axis scored 0–20
12M PRICE TARGET CONE+0% Base Target
$83 Bull$67 Base$52 Bear
📬 FREE TRNO RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for TRNO)Realized 20D OHLCV Swing Band: ±4.7%
Deterministic 5-Pillar Attribution (58/100 Composite)
🔍 WHY TRNO SCORES 58/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Insider Conviction & Share Dilution+16/20 pts (28% of score)

SEC Form 4 / 13F Thermometer: 80% Net Buy • Cannibal Buyback (-2.36% YoY Shares)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+15/20 pts (26% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 8/9

▼ #1 Drag / Risk Factor: Macro Regime Fit7/20 pts (-13 pt drag)

Macro rate sensitivity & RSI-14 (52) create a -13 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
50
Grade C-$64.81+1.2% Next Q
Q2 (-2Q)
53
Grade C-$65.56-2.9% Next Q
Q3 (-1Q)
55
Grade C$63.69+4.8% Next Q
Current
58
Grade D+$66.76+0% Hist 90D α
Trajectory: C- (50) → D+ (58)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the TRNO Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 58/100 (D+) score, TRNO faces multiple-compression risk if 17.8x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Sensitive to high interest rates and tighter Federal Reserve market liquidity.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.36% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($65.43) or 200D SMA ($65.85) invalidates the momentum regime and cuts Target Base ($66.76) toward Bear Floor ($52.07).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $TRNO• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “TRNO Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 58%NO 42%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
5230 Oversold · 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
3.80>3.0 Fortress Safe
PIOTROSKI F-SCOREHIGH QUALITY (7–9)
8 / 99-Pt Accounting
52-WEEK LASER RANGE47% OF RANGE
L: $56$66.76H: $79
1. Money & Cash Health● MIXED
Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: D+RQD 11 / 20
2. Big Money & Insiders● NEUTRAL
Are whales & executives buying or selling?

Big funds and company insiders are mostly holding steady without aggressive buying or panic selling.

Factor Grade: CRQD 25 / 40
3. Hidden Risks & Market Weather● WATCH
SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: D+RQD 22 / 40
MULTI-MODEL QUANT PANEL DELIBERATION

Quant Analyst Panel Split (Battleground) on TRNO

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
NEUTRAL (55)

8.4% ROIC with 42.0% gross margin and 3.50% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BULLISH (75)

Altman-Z 4.20 and Piotroski 8/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
NEUTRAL (53)

25/40 institutional & smart-money positioning score with 7/20 macro alignment.

Bull Case: Why Buyers Like TRNO
  • ✓Company leadership has skin in the game with net positive insider conviction.
  • ✓Clean SEC annual filing review with no major hidden accounting time-bombs.
Bear Case: What Could Go Wrong
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring TRNO)

  • ✓Walkthrough of TRNO's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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Join Founding VIP Waitlist (No Card Required) →$100K Arena
TRNO // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +3.42%⚡ TESTING RESISTANCE
2026-11-03O $65.72H $66.76L $65.56C $66.76VOL 620.2K
RES: $66.77SUP: $63.19SMA50: $65.43SMA200: $65.85
$80.22$74.91$69.60$64.28$58.97RES $66.77SUP $63.19$66.762026-05-042026-06-182026-08-052026-09-212026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

TRNO Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 TRNO Butterfly Map → + Track TRNO →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
10.9%/yr Implied 5Y Growth

vs. +24.5% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on TRNO today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for TRNO. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for TRNO today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (TRNO)

Financials Rank #452 of 1097 ⚔️ COMP vs TRNO Full Matrix →

1. Head-to-Head Financials Peer Comparison (TRNO vs. COMP, FSV, CIGI, MRP)

Industry: Real Estate (54 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Terreno Realty Corporation (TRNO) ranks #452 by composite RQD confidence (58/100, grade D+) and #225 by equity capitalization ($7.14B). Within this direct 5-issuer industry benchmark cohort, MRP leads on earnings valuation at 11.4x trailing P/E, while CIGI leads on capital efficiency and profitability with 22.1% ROIC and — gross margin. FSV currently holds the highest overall quantitative score in the immediate peer group at 69/100 (C+) compared with TRNO at 58/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
TRNO ACTIVE
Terreno Realty Corporation
D+ 58/100 17.8x — 8.4% +1.83% $7.14B Benchmark Subject
COMP
Compass Inc.
D 47/100 — — -8.6% +4.67% $6.82B /comp-vs-trno →
FSV
FirstService Corporation
C+ 69/100 23.9x — 9.1% +4.70% $6.33B /fsv-vs-trno →
CIGI
Colliers International Group Inc. Subordinate Voting Shares
C- 59/100 — — 22.1% +7.97% $4.94B /cigi-vs-trno →
MRP
Millrose Properties Inc.
C 65/100 11.4x — 5.3% +4.64% $4.25B /mrp-vs-trno →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001476150 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Terreno Realty Corporation (TRNO) reported GAAP revenue of $476.4M (+24.5% vs. FY2024 revenue of $382.6M , and +47.2% cumulative change since FY2023) , GAAP net income of $403.0M, operating cash flow of $271.9M, and free cash flow of $250.4M (+16.2% YoY). On the balance sheet, TRNO closed FY2025 with $5.39B in total assets against $558.8M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 8/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $476.4M $403.0M $271.9M $250.4M $5.39B $558.8M
FY2024 (FY) 2024-12-31 $382.6M $184.5M $232.7M $215.5M $4.77B $498.5M
FY2023 (FY) 2023-12-31 $323.6M $151.5M $179.7M $165.1M $3.94B $921.7M

3. TRNO Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is TRNO stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Terreno Realty Corporation (NYSE: TRNO) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 58/100 at a spot price of $66.76 (+1.83% 1D, market cap $7.14B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 9/20, SEC Balance-Sheet Forensics 15/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 16/20. Across 1097 tracked Financials issuers, TRNO ranks #452 in composite RQD confidence.

How does TRNO compare to COMP and FSV in the Financials sector?

Within the Financials sector (Real Estate), TRNO carries a Roarable D+ (58/100 RQD), trailing P/E of 17.8x, gross margin of —, and ROIC of 8.4%. By comparison, COMP (Compass Inc.) holds a D grade (47/100 RQD, P/E N/A, ROIC -8.6%, cap $6.82B) and FSV (FirstService Corporation) posts a C+ grade (69/100 RQD, P/E 23.9x, ROIC 9.1%, cap $6.33B). Among the 5-stock peer group, MRP leads on earnings multiple (11.4x) while CIGI leads on capital efficiency (22.1% ROIC).

What are the biggest fundamental strengths and SEC risk factors for TRNO?

Per TRNO's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001476150), Terreno Realty Corporation generated $476.4M in revenue (+24.5% YoY), $403.0M in net income, and $250.4M in free cash flow against $5.39B in total assets and $558.8M in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

Where is TRNO trading relative to its 50-day, 200-day, and 52-week technical levels?

TRNO last traded at $66.76 (+1.83% on volume of 833,560 shares), positioning the stock +2.03% above its 50-day simple moving average ($65.43) and +1.38% above its 200-day simple moving average ($65.85). Across its 52-week range of $56.09 to $78.94, TRNO sits at the 46.7% percentile with a 14-day RSI of 52.0 (NEUTRAL RANGE) and an implied next-earnings move of ±4.7% ($63.62 to $69.90).

Direct Sub-Reports: TRNO RQD Cockpit TRNO 12M Forecast TRNO Earnings & Move TRNO Dividends & DRIP TRNO Insiders & 13F TRNO Whale Options TRNO Profit Sankey TRNO News & Why
ROARABLE RATING BRIEF • RQD 58/100 (D+) ✓ SEC XBRL & RQD VERIFIED

TRNO — Terreno Realty Corporation: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Terreno Realty Corporation (TRNO) earns a live Roarable RQD composite score of 58/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $66.76 (+1.83% 1D, market capitalization $7.14B).

  • Fundamental Cash Engine (11/20): Anchored by return on invested capital (ROIC) of 8.4%, gross margin of —, operating margin of 75.0%, and free cash flow yield of 3.50%.
  • Whale 13F & Options Flow (9/20) + Insider Conviction (16/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (7/20) + Forensic Balance Sheet (15/20): Incorporates a 1.01x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 8/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

.2B. Per the news wire, the company reports on Silicon Valley building leasing and quarterly operating, investment and capital markets activity. —: a detailed description of its product, tenant base, or revenue model beyond the headline references.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Terreno Realty Corporation (TRNO) reported $476.4M in annual revenue (up from $382.6M in FY2024, +24.5% YoY) and $403.0M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($323.6M revenue, $151.5M net income) through FY2025, TRNO scaled operating cash flow to $271.9M and free cash flow to $250.4M, backed by $5.39B in total assets against $558.8M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D+ • RQD 58/100): Company leadership has skin in the game with net positive insider conviction. Clean SEC annual filing review with no major hidden accounting time-bombs. With Fundamental Cash Engine at 11/20 and Institutional Whale Flow at 9/20, sustained execution supports upside toward the upper end of the $56.09 – $78.94 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh 17.8x trailing P/E and 15.0x EV/EBITDA against 75.0% operating margins and a 1.01x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

— The Butterfly Supply-Chain Graph lists supply_chain as NONE, with no upstream or downstream links and no sector correlations provided.

  • Key Question #1: Can TRNO sustain or expand its 75.0% operating margin and 8.4% ROIC against Real Estate peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $476.4M and free cash flow of $250.4M, how will capital allocation balance growth reinvestment against $558.8M in total debt?
  • Key Question #3: How sensitive is TRNO's 15.0x forward P/E multiple to Financials capital spending cycles and macro interest-rate shifts (Beta 1.01x)?

TRNO Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Terreno Realty Corporation (TRNO) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to TRNO Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

TRNO Bull vs. Bear Conversation Board — What's Your Call at $66.76?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON TRNO 🐻 33% BEARISH CONVICTION
1. Pick Your Side on TRNO:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
CA CashFlowKing RQD DEBATE OPENER • FCF Compounder Hunter 🐂 BULLISH 🎯 Target: $81.29 (+24.0%)
📌 Pinned Debate

Forensic balance sheet scores 15 out of 20 with Piotroski F 8/9 and Debt/Equity of 0.5, and reported debt fell from $921.7M to $558.8M.

Here is why I am bullish on TRNO here at $65.56: Forensic balance sheet scores 15 out of 20 with Piotroski F 8/9 and Debt/Equity of 0.5, and reported debt fell from $921.7M to $558.8M.. Compare TRNO's 75.0% operating margin and 8.4% ROIC against the rest of Real Estate. As long as cash conversion holds up, dips toward $62.28 are getting bought.

EarningsSniper 🐂 BULL

Both sides have a point here — TRNO's 15/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

RI RiskArb_Desk RQD DEBATE OPENER • Hedged Event Driven 🐻 BEARISH 🎯 Target: $51.14 (-22.0%)
Spot @ $65.56

The RQD verdict is Roarable Sell with Fundamental Cash Engine at 11 out of 20, ROIC at 8.4%, and FCF yield at 3.5%, while Macro Regime

Sitting on the sidelines or leaning short TRNO above $65.56. The RQD verdict is Roarable Sell with Fundamental Cash Engine at 11 out of 20, ROIC at 8.4%, and FCF yield at 3.5%, while Macro Regime Fit scores only 7 out of 20.. Until Fundamental Cash Engine (11/20) and FCF yield (3.5%) inflect higher, upside is capped near $78.94.

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