Terreno Realty Corporation (TRNO) to Distribute Quarterly Dividend of $0.57 on October 9th

Terreno Realty Corporation (NYSE:TRNO) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.57 per share by the real estate investment trust on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, September 30th. This is a 9.6% increase from Terreno Realty’s previous quarterly dividend of $0.52.

Terreno Realty has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Terreno Realty has a dividend payout ratio of 123.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Terreno Realty to earn $3.01 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 69.1%.

Terreno Realty Stock Performance

NYSE:TRNO opened at $68.18 on Friday. The firm has a market capitalization of $7.25 billion, a PE ratio of 16.67 and a beta of 1.03. The stock’s fifty day moving average is $68.27 and its 200 day moving average is $65.69. Terreno Realty has a fifty-two week low of $53.00 and a fifty-two week high of $78.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.30 by $0.36. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The company had revenue of $124.44 million during the quarter, compared to analyst estimates of $122.60 million. On average, sell-side analysts anticipate that Terreno Realty will post 2.81 earnings per share for the current year.

About Terreno Realty

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.