Filing Flows › Terreno Realty (TRNO) › Q2 2026
Terreno Realty (TRNO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Terreno Realty (TRNO) reported revenue of $125M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +0.2% from the quarter before. Operating margin was 41.8%, net earnings $57.6M (46.2% of revenue).
Terreno Realty, Q2 2026: revenue $125M (+11% year over year), operating margin 41.8%, net earnings $57.6M, operating cash flow $74.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $125M | +0.2% | +11% |
| Operating profit | $52.1M | +3% | +19% |
| Net earnings | $57.6M | -17% | -38% |
| Operating cash flow | $74.9M | +21% | +24% |
| Free cash flow | $53.7M | +12% | +15% |
What changed
Revenue was $124.7M in Q2 2026, up 11% year over year and roughly flat from the previous quarter.
Operating profit was $52.1M, a 41.8% margin (up 2.8 points year over year). Of the extra revenue versus Q2 2025, 67% reached operating profit, above the 39% margin then. Total costs grew 6% against revenue growth of 11%. The fastest-growing cost line was General & admin (+12%). Net earnings were $57.6M, down 38% year over year. The effective tax rate was 0.0%.
Operating cash flow was $74.9M (up 24% year over year), 130% of net earnings. Non-cash charges added back $29.2M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $16.7M. Capital expenditures of $21.2M left free cash flow of $53.7M.
Questions
What was Terreno Realty's revenue in the second quarter 2026?
Terreno Realty (TRNO) reported revenue of $125M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +0.2% from the quarter before.
Was Terreno Realty profitable in the second quarter 2026?
Operating profit was $52.1M (41.8% of revenue) and net earnings $57.6M.
Source: Terreno Realty 10-Q on SEC EDGAR.