Terreno Realty (TRNO) Q2 FY2026 earnings: revenue $125 million, up 11.1% on the year

Terreno Realty Corp. (TRNO) reported revenue of $125 million for Q2 FY2026, the quarter ended 30 June 2026, up 11.1% on the same quarter a year earlier. Net income was $58 million, down 38.3% on the year, and diluted earnings per share $0.54. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$125 millionup 11.1%

Net income$58 milliondown 38.3%

Diluted EPS$0.54

QuarterQ2 FY2026ended 30 June 2026

The quarter, against the one before and a year earlier

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Revenue	125	124	112	+11.1%
Operating income	52.1	50.7	43.7	+19.1%
Operating margin	41.8%	40.7%	39.0%
Interest expense	8.3	9.0	7.0	+18.5%
Net income	57.6	69.4	93.3	-38.3%
Net margin	46.2%	55.8%	83.1%
Diluted EPS	$0.54	$0.66	$0.90	-40.0%

$ million except per share.

Free 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 and capital returned

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Operating cash flow	74.9	61.9	60.6	+23.6%
Capital expenditure	21.2	14.0	10.0	+111.8%
Free cash flow	53.7	47.9	50.6	+6.1%
Free cash flow margin	43.0%	38.5%	45.1%
Cash from investing	-186	-73.7	-38.2	n/a
Cash from financing	75.0	74.7	-50.7	n/a
Depreciation and amortisation	29.2	29.5	28.0	+4.0%
Share-based compensation	4.9	4.5	4.9	+1.4%
Buybacks	0.0	2.3	0.1	-33.3%
Dividends paid	55.3	54.1	50.6	+9.2%
Dividend per share	$0.52	$0.52	$0.49	+6.1%
Diluted shares, weighted	107m	105m	103m	+3.6%
Shares outstanding at period end	108m	106m	103m	+4.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Shareholders' equity	4,432	4,296	3,943	+12.4%
Debt	942	942	742	+27.0%
Other liabilities	337	314	297	+13.7%
Total liabilities and equity	5,712	5,552	4,982	+14.6%
Cash and equivalents	51.2	87.9	128	-60.1%
Other assets	5,661	5,464	4,854	+16.6%
Total assets	5,712	5,552	4,982	+14.6%

Questions

What was Terreno Realty's revenue in Q2 FY2026?

Terreno Realty (TRNO) reported revenue of $125 million for Q2 FY2026, the quarter ended 30 June 2026, up 11.1% on the same quarter a year earlier.

How much did Terreno Realty earn in Q2 FY2026?

Net income for Q2 FY2026 was $58 million, down 38.3% on the year, and diluted earnings per share $0.54.

When did Terreno Realty report Q2 FY2026 results?

Terreno Realty filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 5 August 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	82.9	86.5	85.0	94.2	99.6	104	110	112	116	137	124	125
Operating income	35.0	36.4	32.7	36.9	39.2	39.2	43.0	43.7	48.0	57.4	50.7	52.1
Operating margin	42%	42%	38%	39%	39%	38%	39%	39%	41%	42%	41%	42%
Interest expense	5.8	5.7	5.2	5.5	4.9	5.3	7.9	7.0	8.4	9.5	9.0	8.3
Net income	30.3	57.6	36.1	35.7	36.6	76.1	48.1	93.3	103	158	69.4	57.6
Net margin	37%	67%	42%	38%	37%	73%	44%	83%	89%	115%	56%	46%
Diluted EPS	$0.36	$0.68	$0.40	$0.37	$0.37	$0.78	$0.47	$0.90	$1.00	$1.54	$0.66	$0.54
Operating cash flow	53.3	39.1	47.0	64.3	70.0	51.3	61.4	60.6	79.5	70.3	61.9	74.9
Capital expenditure	12.4	13.8	7.9	9.0	13.8	15.8	18.9	10.0	14.0	20.4	14.0	21.2
Free cash flow	40.9	25.3	39.2	55.4	56.2	35.5	42.5	50.6	65.5	49.8	47.9	53.7
Buybacks	0.8	0.0	1.0	0.1	2.3	0.0	1.9	0.1	1.3	0.0	2.3	0.0
Dividends paid	33.5	38.4	39.1	43.5	43.5	48.9	48.9	50.6	50.6	53.8	54.1	55.3
Shares outstanding	85m	87m	96m	96m	99m	99m	103m	103m	103m	104m	106m	108m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2026, filed 5 August 2026, accession 0001476150-26-000035: the filing on EDGAR. All of Terreno Realty Corp.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install