Terreno Realty (TRNO) FY2024 results: revenue $383 million, up 18.2% on the year
Terreno Realty Corp. (TRNO) reported revenue of $383 million for fiscal 2024, the year ended 31 December 2024, up 18.2% on the year before. Net income was $184 million, up 21.8%, and diluted earnings per share $1.92. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2025.
Revenue
$383 million
+18.2% on the year
FY2017FY2024
Operating margin
38.7%
41.1% a year earlier
FY2017FY2024
Net income
$184 million
+21.8% on the year
FY2017FY2024
Diluted EPS
$1.92
+6.1% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
233
180
143
+29.5%
Capital expenditure
46.4
53.1
66.6
-12.5%
Free cash flow
186
127
76.6
+47.1%
Free cash flow margin
48.7%
39.1%
27.7%
Cash from investing
-915
-570
-338
Cash from financing
535
529
17.7
+1.1%
Depreciation and amortisation
93.9
73.2
65.8
+28.3%
Share-based compensation
14.9
13.5
10.2
+10.8%
Buybacks
3.3
1.5
1.0
+121.0%
Dividends paid
175
136
107
+28.8%
Dividend per share
$1.88
$1.70
$1.48
+10.6%
Diluted shares, weighted
96m
83m
76m
+15.0%
Shares outstanding at period end
99m
87m
76m
+13.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,662
2,915
2,230
+25.7%
Debt
823
772
771
+6.7%
Other liabilities
284
218
164
+30.2%
Total liabilities and equity
4,770
3,905
3,164
+22.2%
Cash and equivalents
18.1
165
26.4
-89.1%
Other assets
4,752
3,739
3,138
+27.1%
Total assets
4,770
3,905
3,164
+22.2%
10-K for the year ended 31 December 2024, filed 5 February 2025: the filing.