Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Terreno Realty Corporation (TRNO)
NYSEReal EstateReit - IndustrialSnapshot 2026-11-04
$67.99+2.00%
Close 2026-11-04 · 1-day change
NYSEReal EstateReit - IndustrialSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
1.87 → 1.81 EPS · FY ending Dec 31, 2027 · 3 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 3 to 3; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for TRNO yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
free cash flow yield near 3% | Margins and cash flow remain stable with a free cash flow yield near 3%. | Under Pressure | free cash flow yield falls below 2% | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a real estate investment with a low-risk profile, neutral sector backdrop, and stable management. The long-term thesis is currently insufficiently clear because recent financial history is limited, while execution quality and momentum have weakened.
TRNO trades at an 18% premium to peers, while the expectations gap is nearly aligned with the valuation model. The evidence labels the pricing as justified, with low fragility rather than a combination of expensive valuation, weak execution, and market turbulence.
Near-term execution is a concern: the company missed its most recent quarter and has missed across recent quarters, while momentum fell from -2.6 to -19.2. Management is rated stable and overall risk is low, but the evidence gives limited detail to establish a multi-year operating trajectory.
A shift to rate cuts from the current 3.88% could support the near-term backdrop for rate-sensitive real estate. In the other direction, weakness in sector bellwethers or further job-market deterioration could remove sector support and raise recession concerns.
Over the next 1 to 3 years, the long-term thesis rests on execution improving while the broader real estate backdrop remains supportive; current evidence does not settle that question. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| Margins and cash flow remain stable with a free cash flow yield near 3%. |
| Broken |
| profit margins decline more than 5% from current levels |
Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
sustain ~11% annual revenue growth | A primary condition in Terreno Realty Corporation's published investment case. The stated target is >=11% YoY. | Intact | YoY revenue growth falls below 8% next year | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$1.74 → $1.81 · observed estimates
$0.57B → $0.57B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $1.74 | $573,225,110 | 3 / 12 |
| 2026-07-25 | $1.74 | $573,225,110 | 3 / 12 |
| 2026-07-26 | $1.81 | $577,734,200 | 3 / 9 |
| 2026-07-27 | $1.74 | $573,225,110 | 3 / 12 |
| 2026-07-28 | $1.74 | $573,225,110 | 3 / 12 |
| 2026-07-29 | $1.81 | $577,734,200 | 3 / 9 |
| 2026-07-30 | $1.74 | $573,225,110 | 3 / 12 |
| 2026-07-31 | $1.81 | $577,734,200 | 3 / 9 |
| 2026-08-01 | $1.81 | $577,734,200 | 3 / 9 |
| 2026-08-02 | $1.74 | $573,225,110 | 3 / 12 |
| 2026-08-03 | $1.74 | $573,225,110 | 3 / 12 |
| 2026-08-04 | $1.81 | $577,734,200 | 3 / 9 |
| 2026-08-05 | $1.81 | $577,734,200 | 3 / 9 |
| 2026-08-06 | $1.74 | $573,225,110 | 3 / 12 |
| 2026-08-08 | $1.81 | $578,534,200 | 3 / 9 |
| 2026-08-09 | $1.81 | $578,534,200 | 3 / 9 |
| 2026-08-10 | $1.74 | $571,388,190 | 3 / 12 |
| 2026-08-12 | $1.81 | $578,534,200 | 3 / 9 |
| 2026-08-13 | $1.74 | $573,613,870 | 3 / 13 |
| 2026-08-14 | $1.81 | $578,534,200 | 3 / 9 |
| 2026-08-15 | $1.81 | $578,534,200 | 3 / 9 |
| 2026-08-16 | $1.81 | $578,534,200 | 3 / 9 |
| 2026-08-17 | $1.81 | $578,534,200 | 3 / 9 |
| 2026-08-18 | $1.81 | $578,534,200 | 3 / 9 |
| 2026-08-19 | $1.81 | $578,534,200 | 3 / 9 |
| 2026-08-20 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-21 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-22 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-23 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-24 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-25 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-26 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-27 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-28 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-29 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-30 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-08-31 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-09-01 | $1.87 | $571,404,000 | 4 / 9 |
| 2026-09-02 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-03 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-04 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-05 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-06 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-07 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-08 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-09 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-10 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-11 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-12 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-13 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-14 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-15 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-16 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-17 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-18 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-19 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-20 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-21 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-22 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-23 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-24 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-25 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-26 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-27 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-28 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-29 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-09-30 | $1.87 | $572,265,111 | 3 / 9 |
| 2026-10-01 | $1.87 | $571,709,222 | 3 / 9 |
| 2026-10-02 | $1.87 | $571,709,222 | 3 / 9 |
| 2026-10-03 | $1.87 | $571,709,222 | 3 / 9 |
| 2026-10-04 | $1.87 | $571,709,222 | 3 / 9 |
| 2026-10-05 | $1.87 | $571,709,222 | 3 / 9 |
| 2026-10-06 | $1.87 | $571,709,222 | 3 / 9 |
| 2026-10-07 | $1.87 | $571,709,222 | 3 / 9 |
| 2026-10-08 | $1.87 | $571,757,333 | 3 / 9 |
| 2026-10-09 | $1.87 | $571,757,333 | 3 / 9 |
| 2026-10-10 | $1.87 | $571,757,333 | 3 / 9 |
| 2026-10-11 | $1.87 | $571,757,333 | 3 / 9 |
| 2026-10-12 | $1.87 | $571,757,333 | 3 / 9 |
| 2026-10-13 | $1.87 | $571,990,667 | 3 / 8 |
| 2026-10-14 | $1.87 | $571,990,667 | 3 / 8 |
| 2026-10-15 | $1.87 | $571,326,222 | 3 / 8 |
| 2026-10-16 | $1.87 | $571,326,222 | 3 / 8 |
| 2026-10-17 | $1.87 | $571,326,222 | 3 / 8 |
| 2026-10-18 | $1.87 | $571,326,222 | 3 / 8 |
| 2026-10-19 | $1.87 | $571,326,222 | 3 / 8 |
| 2026-10-20 | $1.87 | $571,326,222 | 3 / 8 |
| 2026-10-21 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-10-22 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-10-23 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-10-24 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-10-25 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-10-26 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-10-27 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-10-28 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-10-29 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-10-30 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-10-31 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-11-01 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-11-02 | $1.80 | $570,240,127 | 3 / 8 |
| 2026-11-03 | $1.80 | $570,240,127 | 3 / 9 |
| 2026-11-04 | $1.81 | $569,820,127 | 3 / 9 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 12 Buy / Strong Buy · 5 Hold · 2 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 1 recorded
0 raises · 1 cuts · 0 unchanged · 3 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.