Terreno Realty Corporation (NYSE:TRNO) Raises Dividend to $0.57 Per Share

Terreno Realty Corporation (NYSE:TRNO) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.57 per share by the real estate investment trust on Friday, October 9th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 9.6% increase from Terreno Realty’s previous quarterly dividend of $0.52.

Terreno Realty has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 5 years. Terreno Realty has a payout ratio of 123.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Terreno Realty to earn $3.01 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 69.1%.

Terreno Realty Stock Performance

TRNO opened at $69.56 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $7.39 billion, a PE ratio of 17.01 and a beta of 1.03. The stock has a 50-day moving average of $68.25 and a 200-day moving average of $65.66. Terreno Realty has a 52-week low of $53.00 and a 52-week high of $78.94.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The business had revenue of $124.71 million for the quarter, compared to the consensus estimate of $127.17 million. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%. As a group, equities research analysts forecast that Terreno Realty will post 2.81 earnings per share for the current fiscal year.

About Terreno Realty

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.