Terreno Realty (TRNO) FY2023 results: revenue $324 million, up 17.2% on the year
Terreno Realty Corp. (TRNO) reported revenue of $324 million for fiscal 2023, the year ended 31 December 2023, up 17.2% on the year before. Net income was $151 million, down 23.5%, and diluted earnings per share $1.81. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2024.
Revenue
$324 million
+17.2% on the year
FY2016FY2023
Operating margin
41.1%
39.4% a year earlier
FY2016FY2023
Net income
$151 million
-23.5% on the year
FY2016FY2023
Diluted EPS
$1.81
-30.7% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
180
143
132
+25.5%
Capital expenditure
53.1
66.6
51.3
-20.4%
Free cash flow
127
76.6
80.9
+65.3%
Free cash flow margin
39.1%
27.7%
36.5%
Cash from investing
-570
-338
-666
Cash from financing
529
17.7
631
+2,882.2%
Depreciation and amortisation
73.2
65.8
50.7
+11.3%
Share-based compensation
13.5
10.2
9.6
+32.4%
Buybacks
1.5
1.0
0.6
+44.8%
Dividends paid
136
107
84.6
+26.5%
Dividend per share
$1.70
$1.48
$1.26
+14.9%
Diluted shares, weighted
83m
76m
71m
+10.3%
Shares outstanding at period end
87m
76m
75m
+14.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,915
2,230
2,058
+30.7%
Debt
772
771
721
+0.1%
Other liabilities
218
164
146
+33.4%
Total liabilities and equity
3,905
3,164
2,924
+23.4%
Cash and equivalents
165
26.4
204
+526.7%
Other assets
3,739
3,138
2,720
+19.2%
Total assets
3,905
3,164
2,924
+23.4%
10-K for the year ended 31 December 2023, filed 7 February 2024: the filing.