Terreno Realty Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	476.38	382.62	323.59	276.21	221.93
Revenue	476.38	382.62	323.59	276.21	221.93
Revenue Growth (YoY)	24.50%	18.24%	17.15%	24.46%	18.75%
Property Expenses	115.1	98.09	79.09	68.9	56.25
Total Property Expenses	115.1	98.09	79.09	68.9	56.25
Gross Profit	361.28	284.53	244.51	207.31	165.68
Selling, General & Admin	47.27	42.59	37.94	31.19	26.96
Depreciation & Amortization Expenses	121.58	93.92	73.22	65.76	50.69
Other Operating Expenses	0.35	0.07	0.22	1.47	0.17
Operating Income	192.09	147.96	133.13	108.89	87.86
Net Gains on Disposal of Properties	238.43	45.38	38.16	112.17	16.63
Interest Income	5.33	12.08	4.96	0.81	0.82
Interest Expense	-32.86	-20.92	-24.8	-23.85	-18.05
Total Non-Operating Income (Expense)	210.91	36.54	18.32	89.13	-0.61
Pretax Income	402.99	184.5	151.46	198.01	87.25
Net Income	401.19	183.71	150.75	197.16	86.94
Minority Interest in Earnings	1.8	0.79	0.71	0.85	0.31
Net Income to Common	401.19	183.71	150.75	197.16	86.94
Net Income Growth	118.39%	21.87%	-23.54%	126.77%	9.51%
Shares Outstanding (Basic)	102	96	83	75	71
Shares Outstanding (Diluted)	103	96	83	76	71
Shares Change (YoY)	7.18%	14.96%	10.30%	6.77%	3.85%
EPS (Basic)	3.92	1.92	1.81	2.61	1.23
EPS (Diluted)	3.91	1.92	1.81	2.61	1.23
EPS Growth	103.65%	6.08%	-30.65%	112.19%	6.03%
Free Cash Flow	-555.15	-754.69	-463.79	-356.6	-575.31
Free Cash Flow Per Share	-5.40	-7.87	-5.56	-4.72	-8.13
Dividends Per Share	2.020	1.880	1.700	1.480	1.260
Dividend Growth	7.45%	10.59%	14.87%	17.46%	12.50%
Gross Margin	75.84%	74.36%	75.56%	75.05%	74.66%
Operating Margin	40.32%	38.67%	41.14%	39.42%	39.59%
Profit Margin	84.59%	48.22%	46.81%	71.69%	39.32%
FCF Margin	-116.53%	-197.24%	-143.33%	-129.10%	-259.23%
EBITDA	313.67	241.87	206.35	174.65	138.55
EBITDA Margin	65.84%	63.21%	63.77%	63.23%	62.43%
EBIT	192.09	147.96	133.13	108.89	87.86
EBIT Margin	40.32%	38.67%	41.14%	39.42%	39.59%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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