Terreno Realty Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 4, 2026, reporting consolidated financial results for the third quarter and first nine months of 2026.

Key Highlights

  • Q3 2026 revenues: Total revenues of $132,225 thousand for the three months ended September 30, 2026, compared with $116,248 thousand for the same period in 2025, according to the filing.
  • Q3 2026 net income: Net income of $68,105 thousand for the three months ended September 30, 2026, down from $103,376 thousand in Q3 2025, which included a higher gain on sales of real estate investments.
  • Earnings per share: Net income available to common stockholders was $0.62 per share (basic and diluted) for Q3 2026, compared with $1.00 per share (basic and diluted) for Q3 2025.
  • Nine-month gain on sales: Gain on sales of real estate investments totaled $58,987 thousand for the nine months ended September 30, 2026, versus $128,897 thousand for the same period in 2025.
  • Total assets: The company reported total assets of $5,796,759 thousand as of September 30, 2026, up from $5,388,083 thousand at December 31, 2025.
  • Quarterly dividend increase: Common stock dividends of $0.57 per share were declared in Q3 2026, compared with $0.52 per share in each of Q1 and Q2 2026.
  • Shares outstanding: The registrant had 110,336,807 shares of common stock outstanding as of November 2, 2026.

Terreno Realty Q3 2026 Financial Results: Revenue Growth and Balance Sheet Expansion

According to the filing, Terreno Realty Corporation (NYSE:TRNO) reported total revenues of $132,225 thousand for the three months ended September 30, 2026, consisting entirely of rental revenues and tenant expense reimbursements. This compares with $116,248 thousand in the year-earlier quarter. For the nine months ended September 30, 2026, total revenues were $381,376 thousand, up from $338,902 thousand in the comparable 2025 period.

The company disclosed net income of $68,105 thousand for Q3 2026, a decrease from $103,376 thousand in Q3 2025. The filing attributes a significant portion of the year-over-year difference to a lower gain on sales of real estate investments, which stood at $19,738 thousand in Q3 2026 versus $62,412 thousand in Q3 2025. Total costs and expenses for Q3 2026 were $76,447 thousand, including property operating expenses of $32,712 thousand, depreciation and amortization of $30,539 thousand, and general and administrative expenses of $12,044 thousand. Interest expense for the quarter was $8,459 thousand.

On the balance sheet, the filing shows net investments in real estate of $5,584,963 thousand as of September 30, 2026, compared with $5,260,741 thousand at December 31, 2025. Total stockholders' equity grew to $4,569,608 thousand from $4,146,278 thousand at year-end 2025. The company raised equity capital during the period, including an issuance of 1,958,245 shares of common stock in Q3 2026 at net proceeds, after issuance costs of $2,290 thousand, reflected in additional paid-in capital. Total liabilities declined to $1,227,151 thousand from $1,241,805 thousand at December 31, 2025, with the credit facility balance reduced to zero from $200,000 thousand.

What Was Disclosed

Terreno Realty Corporation filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing consolidated statements of operations, balance sheets, equity, and cash flows, along with management's discussion and related notes.