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Terreno Realty cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$54.1M in Q3 2026 · $205M over twelve months

Operating cash flow$81.2M
Capital spending−$27.2M
Free cash flow+$54.1M
Cash / net income1.2×

Analysis

In Q3 2026, Terreno Realty generated $81.2M of operating cash flow and spent $27.2M on capital projects, leaving free cash flow of $54.1M. That is $9.6M less than in Q3 2025 ($63.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $288M; the largest uses were other investing ($476M), net borrowing (+) / repaid (−) ($330M), dividends ($219M); besides operations, cash came from shares issued ($442M), asset & business sales ($254M); the cash balance rose by $63.9M.

Operating cash flow was $81.2M against net income of $68.1M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$30.5M, payables +$6.0M, stock-based pay +$4.6M.

Free cash flow

Terreno Realty: free cash flow by quarterTerreno Realty: free cash flow by quarter$33.0MQ4 2024$32.5MQ1 2025$46.9MQ2 2025$63.6MQ3 2025$49.8MQ4 2025$47.9MQ1 2026$53.7MQ2 2026$54.1MQ3 2026
Operating cash flow less capital spending.
Terreno Realty: operating cash flow against capital spendingTerreno Realty: operating cash flow against capital spendingOperating cash flowCapital spending$51.3M$18.3MQ4 2024$61.4M$29.0MQ1 2025$60.6M$13.8MQ2 2025$79.5M$15.9MQ3 2025$70.3M$20.4MQ4 2025$61.9M$14.0MQ1 2026$74.9M$21.2MQ2 2026$81.2M$27.2MQ3 2026
Latest (Q3 2026): Operating cash flow $81.2M, Capital spending $27.2M.

Capital allocation, year by year

Terreno Realty: where the cash came from (up) and went (down), by fiscal yearTerreno Realty: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $132MFY2021: Net borrowing $275MFY2021: Shares issued $462MFY2021: Asset sales $41.1MFY2021: Capital spending −$51.3MFY2021: Buybacks −$582KFY2021: Dividends −$84.6M$911MFY2021FY2022: Operating cash flow $143MFY2022: Net borrowing −$50.0MFY2022: Shares issued $78.9MFY2022: Asset sales $162MFY2022: Capital spending −$66.6MFY2022: Buybacks −$1.0MFY2022: Dividends −$107M$384MFY2022FY2023: Operating cash flow $180MFY2023: Shares issued $671MFY2023: Asset sales $73.1MFY2023: Capital spending −$124MFY2023: Buybacks −$1.5MFY2023: Dividends −$136M$924MFY2023FY2024: Operating cash flow $233MFY2024: Net borrowing −$18.0MFY2024: Shares issued $743MFY2024: Asset sales $71.9MFY2024: Capital spending −$126MFY2024: Buybacks −$3.3MFY2024: Dividends −$175M$1.0BFY2024FY2025: Operating cash flow $272MFY2025: Net borrowing $118MFY2025: Shares issued $281MFY2025: Asset sales $375MFY2025: Capital spending −$70.0MFY2025: Buybacks −$3.3MFY2025: Dividends −$204M$1.0BFY2025
Over these 5 years operating cash flow totalled $960M; the largest uses were dividends ($707M) and capital spending ($438M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$88.3M
Debt$893M
Net debt$805M
Due within a year$50.0M

Terreno Realty funds itself: free cash flow was $205M over the last twelve months, and $88.3M of cash and investments stands against $893M of debt ($50.0M due within a year, 1.8× covered by cash).

Terreno Realty: debt maturities by year (FY2025)Terreno Realty: debt maturities by year (FY2025)$50.0MYear 1$150MYear 2$273MYear 3$300MYear 4$125MYear 5$50.0MAfter year 5
Principal due in each year as disclosed in the annual report, against $88.3M of cash and investments now.

Where the cash came from and went

Terreno Realty: sources (+) and uses (−) of cash, Q3 2026Terreno Realty: sources (+) and uses (−) of cash, Q3 2026Shares issued$131MOperating cash flow$81.2MOther investing−$66.5MDividends−$56.3MOther financing−$51.9MCash drawn (+) / kept (−)−$38.5MAsset & business sales$29.1MCapital spending−$27.2MBuybacks−$1.5M
Terreno Realty: sources (+) and uses (−) of cash, TTM to Q3 2026Terreno Realty: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$476MShares issued$442MNet borrowing (+) / repaid (−)−$330MOperating cash flow$288MAsset & business sales$254MDividends−$219MOther financing$192MCapital spending−$82.8MCash drawn (+) / kept (−)−$63.9MBuybacks−$3.8M

From profit to cash

Terreno Realty: net income to operating cash flow, Q3 2026Terreno Realty: net income to operating cash flow, Q3 2026Net income$68.1MDepreciation & amortization$30.5MStock-based pay$4.6MPayables$6.0MPrepaid and other assets$1.4MOperating cash flow$81.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$81.2M−$27.2M−$1.5M−$56.3M—$131M−$38.5M$54.1M
Q2 2026$74.9M−$21.2M−$34K−$55.3M—$132M$36.4M$53.7M
Q1 2026$61.9M−$14.0M−$2.3M−$54.1M—$135M−$63.0M$47.9M
Q4 2025$70.3M−$20.4M—−$53.8M−$80.0M$43.6M$1.2M$49.8M
Q3 2025$79.5M−$15.9M−$1.3M−$50.6M$280M—$102M$63.6M
Q2 2025$60.6M−$13.8M−$51K−$50.6M——$28.3M$46.9M
Q1 2025$61.4M−$29.0M−$1.9M−$48.9M−$82.0M$237M−$139M$32.5M
Q4 2024$51.3M−$18.3M—−$48.9M$82.0M—$226M$33.0M

Terreno Realty: income statement and cash flow

Terreno Realty, Q3 2026: revenue $132M (+14% year over year), operating margin 42.2%. The chart follows the revenue to costs, profit and cash.

Terreno Realty: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.