TRNOTerreno Realty Corporation
Is it safe?
No red flags in what's measurable: comfortable debt (AA) and steady price behavior.
Insiders were net sellers (-$1.1M, 90 days to Oct 8, 2026), selling is often routine.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -39% · now 14% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can TRNO take a bad year?
Terreno Realty Corporation carries $891M of net debt at 2.67× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.67×
Net debt / EBITDA · 2.27× a year ago · the load is going up
- Interest cover
- 5.91×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 25%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $942M
- Cash and short-term investments
- $51M
- Net debt
- $891M
- EBITDA, trailing twelve months
- $333M
- Operating profit, trailing twelve months
- $208M
- Debt / equity
- 0.21×
- Total debt / EBITDA
- 2.83×
- Annualised volatilitytwo years of daily moves
- 25%
- Worst drawdown on file
- −39%
- Below its 52-week high
- 14%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Industrial
The closest names by size in the same industry