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
Rental Revenue	476.38	382.62	323.59	276.21	221.93
Total 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
Selling, General & Administrative	47.27	42.59	37.94	31.19	26.96
Depreciation & Amortization	121.58	93.92	73.22	65.76	50.69
Total Operating Expenses	283.95	234.59	190.24	165.86	133.9
Operating Income	192.43	148.03	133.35	110.35	88.03
Interest Expense	-32.86	-20.92	-24.8	-23.85	-18.05
Interest & Investment Income	5.33	12.08	4.96	0.81	0.82
EBT Excluding Unusual Items	164.91	139.19	113.52	87.31	70.8
Merger & Restructuring Charges	-0.35	-0.07	-0.22	-1.47	-0.17
Gain (Loss) on Sale of Assets	238.43	45.38	38.16	112.17	16.63
Pretax Income	402.99	184.5	151.46	198.01	87.25
Net Income	402.99	184.5	151.46	198.01	87.25
Preferred Dividends & Other Adjustments	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	118.43%	21.82%	-23.51%	126.94%	9.35%
Basic Shares Outstanding	102	96	83	75	71
Diluted Shares Outstanding	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%
Dividend Per Share	2.020	1.880	1.700	1.480	1.260
Dividend Growth	7.45%	10.59%	14.87%	17.46%	12.50%
Operating Margin	40.39%	38.69%	41.21%	39.95%	39.67%
Profit Margin	84.22%	48.01%	46.59%	71.38%	39.18%
EBITDA	284.71	224.66	192.65	159.85	131.03
EBITDA Margin	59.77%	58.72%	59.54%	57.87%	59.04%
D&A For Ebitda	92.28	76.63	59.3	49.49	43
EBIT	192.43	148.03	133.35	110.35	88.03
EBIT Margin	40.39%	38.69%	41.21%	39.95%	39.67%
Funds From Operations (FFO)	284.72	231.87	185.5	150.88	120.81
FFO Per Share	2.77	2.42	2.22	2.00	1.71
Adjusted Funds From Operations (AFFO)	284.72	231.87	185.5	150.88	120.81
AFFO Per Share	2.77	2.42	2.22	2.00	1.71
FFO Payout Ratio	71.61%	75.46%	73.24%	71.19%	70.05%
Revenue as Reported	476.38	382.62	323.59	276.21	221.93

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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