Quarterly ResultAug 5, 2026, 04:09 PM
Terreno Realty Q2 Revenue Up 11.1% to $124.7M; EPS $0.54
AI Summary
Terreno Realty Corp reported mixed financial results for Q2 2026, with total revenues increasing by 11.1% to $124.7 million, but net income and diluted EPS declining significantly due to lower gains on real estate sales. The company continued its expansion strategy, acquiring six industrial properties for $282.9 million in the first half of 2026 and completing two development projects. Operating cash flow saw a healthy increase, supporting ongoing investments.
Key Highlights
- Total revenues for Q2 2026 increased to $124.7 million from $112.2 million in Q2 2025, a 11.1% increase.
- Net income for Q2 2026 decreased to $57.6 million from $93.3 million in Q2 2025, a 38.3% decrease.
- Diluted EPS for Q2 2026 was $0.54, down from $0.90 in Q2 2025.
- Net cash provided by operating activities for H1 2026 increased to $136.9 million from $122.1 million in H1 2025.
- Acquired six industrial properties for $282.9 million in H1 2026, up from $152.8 million in H1 2025.
- Completed development of two properties totaling 384,300 square feet in H1 2026.
- Total assets increased to $5.71 billion as of June 30, 2026, from $5.39 billion at December 31, 2025.
Price Impact
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