Comparing Terreno Realty Corporation (TRNO) & Its Rivals

Terreno Realty Corporation (NYSE: TRNO) is one of 14 publicly-traded companies in the “Industrial REITs” industry, but how does it compare to its competitors? We will compare Terreno Realty Corporation to similar companies based on the strength of its dividends, analyst recommendations, valuation, institutional ownership, earnings, risk and profitability.

Valuation & Earnings

This table compares Terreno Realty Corporation and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
Terreno Realty Corporation $108.42 million $15.11 million 48.96
Terreno Realty Corporation Competitors $606.71 million $215.55 million 143.41

Terreno Realty Corporation’s competitors have higher revenue and earnings than Terreno Realty Corporation. Terreno Realty Corporation is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

This is a summary of current ratings for Terreno Realty Corporation and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Terreno Realty Corporation 0 5 5 0 2.50
Terreno Realty Corporation Competitors 56 502 494 5 2.42

Terreno Realty Corporation presently has a consensus price target of $36.25, suggesting a potential downside of 3.85%. As a group, “Industrial REITs” companies have a potential downside of 1.78%. Given Terreno Realty Corporation’s competitors higher possible upside, analysts plainly believe Terreno Realty Corporation has less favorable growth aspects than its competitors.

Institutional and Insider Ownership

95.1% of Terreno Realty Corporation shares are owned by institutional investors. Comparatively, 91.8% of shares of all “Industrial REITs” companies are owned by institutional investors. 3.0% of Terreno Realty Corporation shares are owned by company insiders. Comparatively, 1.8% of shares of all “Industrial REITs” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares Terreno Realty Corporation and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Terreno Realty Corporation 33.00% 4.83% 3.06%
Terreno Realty Corporation Competitors 52.16% 7.10% 3.68%

Risk & Volatility

Terreno Realty Corporation has a beta of 0.8, meaning that its share price is 20% less volatile than the S&P 500. Comparatively, Terreno Realty Corporation’s competitors have a beta of 1.06, meaning that their average share price is 6% more volatile than the S&P 500.

Dividends

Terreno Realty Corporation pays an annual dividend of $0.88 per share and has a dividend yield of 2.3%. Terreno Realty Corporation pays out 114.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Industrial REITs” companies pay a dividend yield of 2.8% and pay out 80.9% of their earnings in the form of a dividend. Terreno Realty Corporation has increased its dividend for 4 consecutive years. Terreno Realty Corporation lags its competitors as a dividend stock, given its lower dividend yield and higher payout ratio.

Summary

Terreno Realty Corporation competitors beat Terreno Realty Corporation on 11 of the 15 factors compared.

About Terreno Realty Corporation

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (D.C.)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment. As of December 31, 2016, the Company owned 166 buildings aggregating approximately 12 million square feet and five land parcels consisting of 22.8 acres. As of December 31, 2016, its properties were leased to 376 customers. The Company focuses on functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which it operates.

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