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Terreno Realty vs Office Properties Income Trust: TRNO and OPI compared
Terreno Realty is the larger company: $132M of revenue in its latest quarter (Q3 2026) against $109M for Office Properties Income Trust (Q1 2026). Terreno Realty is growing faster (+14% against -4% a year earlier). Terreno Realty is more profitable, with an operating margin of 42.2% against 7.4%.
Where the money goes: TRNO and OPI
Terreno Realty (TRNO) · Q3 2026
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.
Office Properties Income Trust (OPI) · Q1 2026
Office Properties Income Trust, Q1 2026: revenue $109M (-4% year over year), operating margin 7.4%, net loss $93.0M, operating cash flow −$52.9M. The chart follows the revenue to costs, profit and cash.
| Terreno Realty (TRNO) | Office Properties Income Trust (OPI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 2026 |
| Revenue | $132M | $109M |
| Revenue growth, Y/Y | +14% | -4% |
| Operating margin | 42.2% | 7.4% |
| Net earnings | $68.1M | −$93.0M |
| Net margin | 51.5% | -85.4% |
| Operating cash flow | $81.2M | −$52.9M |
| Free cash flow | $54.1M | — |
| Market value | $7.0B | — |
| P/E | 19.1× | — |
| Analysts’ mean target | $73.59 | — |
Questions
Which is bigger, Terreno Realty or Office Properties Income Trust?
Terreno Realty is the larger company: $132M of revenue in its latest quarter (Q3 2026) against $109M for Office Properties Income Trust (Q1 2026).
Is Terreno Realty or Office Properties Income Trust growing faster?
Terreno Realty is growing faster (+14% against -4% a year earlier).
Which is more profitable, Terreno Realty or Office Properties Income Trust?
Terreno Realty is more profitable, with an operating margin of 42.2% against 7.4%.
More: Terreno Realty earnings · how Terreno Realty makes money · Office Properties Income Trust earnings · how Office Properties Income Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed May 22, 2026). Fiscal quarters can end on different dates. Not investment advice.