Filing Flows › Terreno Realty (TRNO) › Q3 2026
Terreno Realty (TRNO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Terreno Realty (TRNO) reported revenue of $132M for the third quarter 2026 (Q3 2026), +14% from a year earlier and +6% from the quarter before. Operating margin was 42.2%, net earnings $68.1M (51.5% of revenue).
Terreno Realty, Q3 2026: revenue $132M (+14% year over year), operating margin 42.2%, net earnings $68.1M, operating cash flow $81.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $132M | +6% | +14% |
| Operating profit | $55.8M | +7% | +16% |
| Net earnings | $68.1M | +18% | -34% |
| Operating cash flow | $81.2M | +8% | +2% |
| Free cash flow | $54.1M | +0.7% | -15% |
What changed
Revenue was $132.2M in Q3 2026, up 14% year over year and up 6% from the previous quarter.
Operating profit was $55.8M, a 42.2% margin (up 0.9 points year over year). Of the extra revenue versus Q3 2025, 49% reached operating profit, above the 41% margin then. Total costs grew 12% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $68.1M, down 34% year over year. The effective tax rate was 0.0%.
Operating cash flow was $81.2M (up 2% year over year), 119% of net earnings. Non-cash charges added back $30.5M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $22.1M. Capital expenditures of $27.2M left free cash flow of $54.1M.
Questions
What was Terreno Realty's revenue in the third quarter 2026?
Terreno Realty (TRNO) reported revenue of $132M for the third quarter 2026 (Q3 2026), +14% from a year earlier and +6% from the quarter before.
Was Terreno Realty profitable in the third quarter 2026?
Operating profit was $55.8M (42.2% of revenue) and net earnings $68.1M.
Source: Terreno Realty 10-Q on SEC EDGAR.