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Jun 30
Terreno Realty Q2 2025 Earnings Report
Terreno Realty reported strong Q2 2025 results with higher revenues and robust property performance across key markets.
Key Takeaways
Terreno Realty achieved $95.2 million in revenue and net income of $29.2 million for Q2 2025. Rental income was the primary contributor, with strong performance across all major geographic segments. Real estate occupancy remained high at 97.4%, and average base rent (ABR) continued to rise. The company maintained solid financial health and portfolio growth.
Total revenue was $95.2 million, primarily from rental activities.
Net income reached $29.2 million for the quarter.
Real estate portfolio occupancy remained high at 97.4%.
Total ABR stood at $147.2 million with 16.3 million rentable square feet.
Terreno Realty
Terreno Realty
Terreno Realty Revenue by Segment
Terreno Realty Revenue by Geographic Location
Revenue by Segment
Rental income Revenue
CapyFin.comTenant expense reimbursements Revenue
CapyFin.comRevenue by Geographic Location
Los Angeles Revenue
CapyFin.comNorthern NJ/NYC Revenue
CapyFin.comSan Francisco Bay Area Revenue
CapyFin.comSeattle Revenue
CapyFin.comMiami Revenue
CapyFin.comWashington, D.C. Revenue
CapyFin.com Forward Guidance
Terreno did not provide formal forward guidance, but metrics suggest continued growth and stability in future quarters.
Positive Outlook
- High occupancy across real estate and land portfolios.
- Strong rental income performance in all core markets.
- Growth in ABR per square foot reflects pricing power.
- Robust portfolio with 252 buildings and 41 land parcels.
- Long lease terms support stable cash flow.
Challenges Ahead
- No specific financial guidance provided for upcoming quarters.
- Dependency on six major metro markets could pose concentration risk.
- Increased operating expenses may pressure margins.
- Limited land parcel additions reported this quarter.
- Shorter WALT on land compared to real estate assets.