Terreno Realty Corporation
TRNOReal Estate · Stock · quarterly payer
Forward Yield
3.47%
Annual Dividend
$2.28
Payout Ratio
56%
5-Yr Growth
12.5%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of September 2026, Terreno Realty Corporation (TRNO) yields 3.47% ($2.28 per share annually), with a blended fair-value estimate of $39.70 — -40% downside, so it screens as overvalued. Dividend safety grade: A (88/100). 14 years of dividend growth.
Is TRNO a good dividend stock?
YesTerreno Realty Corporation (TRNO) pays a quarterly dividend yielding 3.47% ($2.28/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (56%)
- Strong 12.5% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.47%
- Payout Ratio
- 56%
- Annual Dividend
- $2.28
- 5-Yr Avg Growth
- 12.5%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 1.04
- Market Cap
- $7.2B
- P/E Ratio
- 17.8
- 5-Yr Total Return
- -10%
- 52-Week Range
- $55.92 – $78.94
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
Frequently Asked Questions
TRNO Price — Last 12 Months
Daily close
Price Return
1 Year
+15%
3 Years
+23%
5 Years
-10%
52-Week Range
$55.92 – $78.94
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TRNO worth?
Overvaluedlow confidenceOur blended fair-value estimate for Terreno Realty Corporation is $39.70 per share, versus a market price of $65.75. That implies 40% of downside.
Fair Value
$39.70
Current Price
$65.75
Downside
-40%
Margin of Safety
-66%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.5% discount rate (CAPM), 6.6% stage-1 growth, 2.5% terminal growth, $3.72 EPS, $2.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TRNO Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 26, 2026 | — | $0.5200 | regular |
| Mar 27, 2026 | — | $0.5200 | regular |
| Dec 15, 2025 | — | $0.5200 | regular |
| Sep 29, 2025 | — | $0.5200 | regular |
| Jun 27, 2025 | — | $0.4900 | regular |
| Mar 27, 2025 | — | $0.4900 | regular |
| Dec 13, 2024 | — | $0.4900 | regular |
| Sep 30, 2024 | — | $0.4900 | regular |
| Jun 28, 2024 | — | $0.4500 | regular |
| Mar 27, 2024 | — | $0.4500 | regular |
| Dec 14, 2023 | — | $0.4500 | regular |
| Sep 28, 2023 | — | $0.4500 | regular |
| Jun 29, 2023 | — | $0.4000 | regular |
| Mar 30, 2023 | — | $0.4000 | regular |
Income Calculator
At $2.28 / yr per share
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