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Side-by-side financial comparison of Terreno Realty Corp (TRNO) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Terreno Realty Corp is the larger business by last-quarter revenue ($137.5M vs $119.6M, roughly 1.1× Urban Edge Properties). Terreno Realty Corp runs the higher net margin — 115.1% vs 10.4%, a 104.7% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 2.7%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% CAGR vs 4.4%).
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
TRNO vs UE — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $137.5M | $119.6M |
| Net Profit | $158.2M | $12.4M |
| Gross Margin | — | — |
| Operating Margin | — | 11.3% |
| Net Margin | 115.1% | 10.4% |
| Revenue YoY | 32.6% | 2.7% |
| Net Profit YoY | 107.9% | -58.8% |
| EPS (diluted) | $1.54 | $0.09 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $137.5M | $119.6M | ||
| Q3 25 | $116.2M | $120.1M | ||
| Q2 25 | $112.2M | $114.1M | ||
| Q1 25 | $110.4M | $118.2M | ||
| Q4 24 | $103.7M | $116.4M | ||
| Q3 24 | $99.6M | $112.4M | ||
| Q2 24 | $94.2M | $106.5M | ||
| Q1 24 | $85.0M | $109.6M |
| Q4 25 | $158.2M | $12.4M | ||
| Q3 25 | $103.4M | $14.9M | ||
| Q2 25 | $93.3M | $58.0M | ||
| Q1 25 | $48.1M | $8.2M | ||
| Q4 24 | $76.1M | $30.1M | ||
| Q3 24 | $36.6M | $9.1M | ||
| Q2 24 | $35.7M | $30.8M | ||
| Q1 24 | $36.1M | $2.6M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | 115.1% | 10.4% | ||
| Q3 25 | 88.9% | 12.4% | ||
| Q2 25 | 83.1% | 50.8% | ||
| Q1 25 | 43.6% | 6.9% | ||
| Q4 24 | 73.4% | 25.9% | ||
| Q3 24 | 36.8% | 8.1% | ||
| Q2 24 | 37.9% | 28.9% | ||
| Q1 24 | 42.4% | 2.4% |
| Q4 25 | $1.54 | $0.09 | ||
| Q3 25 | $1.00 | $0.12 | ||
| Q2 25 | $0.90 | $0.46 | ||
| Q1 25 | $0.47 | $0.07 | ||
| Q4 24 | $0.78 | $0.25 | ||
| Q3 24 | $0.37 | $0.07 | ||
| Q2 24 | $0.37 | $0.26 | ||
| Q1 24 | $0.40 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $25.0M | $48.9M |
| Total DebtLower is stronger | $943.3M | — |
| Stockholders' EquityBook value | $4.1B | $1.4B |
| Total Assets | $5.4B | $3.3B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.0M | $48.9M | ||
| Q3 25 | $26.2M | $77.8M | ||
| Q2 25 | $128.4M | $53.0M | ||
| Q1 25 | $156.5M | $48.0M | ||
| Q4 24 | $18.1M | $41.4M | ||
| Q3 24 | $243.7M | $67.9M | ||
| Q2 24 | $182.0M | $78.6M | ||
| Q1 24 | $649.6M | $67.3M |
| Q4 25 | $943.3M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $742.4M | — | ||
| Q1 25 | $741.9M | — | ||
| Q4 24 | $823.4M | — | ||
| Q3 24 | $672.2M | — | ||
| Q2 24 | $772.0M | — | ||
| Q1 24 | $771.8M | — |
| Q4 25 | $4.1B | $1.4B | ||
| Q3 25 | $4.0B | $1.4B | ||
| Q2 25 | $3.9B | $1.4B | ||
| Q1 25 | $3.9B | $1.4B | ||
| Q4 24 | $3.7B | $1.4B | ||
| Q3 24 | $3.6B | $1.3B | ||
| Q2 24 | $3.4B | $1.3B | ||
| Q1 24 | $3.4B | $1.2B |
| Q4 25 | $5.4B | $3.3B | ||
| Q3 25 | $5.3B | $3.3B | ||
| Q2 25 | $5.0B | $3.3B | ||
| Q1 25 | $4.9B | $3.3B | ||
| Q4 24 | $4.8B | $3.3B | ||
| Q3 24 | $4.6B | $3.2B | ||
| Q2 24 | $4.5B | $3.2B | ||
| Q1 24 | $4.4B | $3.2B |
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.22× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.22× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $70.3M | $51.0M |
| Free Cash FlowOCF − Capex | — | $24.2M |
| FCF MarginFCF / Revenue | — | 20.2% |
| Capex IntensityCapex / Revenue | — | 22.4% |
| Cash ConversionOCF / Net Profit | 0.44× | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $81.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.3M | $51.0M | ||
| Q3 25 | $79.5M | $55.7M | ||
| Q2 25 | $60.6M | $43.5M | ||
| Q1 25 | $61.4M | $32.6M | ||
| Q4 24 | $51.3M | $52.4M | ||
| Q3 24 | $70.0M | $36.6M | ||
| Q2 24 | $64.3M | $41.2M | ||
| Q1 24 | $47.0M | $22.9M |
| Q4 25 | — | $24.2M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | — | $11.9M | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $19.9M | ||
| Q1 24 | — | $2.7M |
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 18.6% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 18.4% |
| Q4 25 | 0.44× | 4.10× | ||
| Q3 25 | 0.77× | 3.73× | ||
| Q2 25 | 0.65× | 0.75× | ||
| Q1 25 | 1.28× | 3.97× | ||
| Q4 24 | 0.67× | 1.74× | ||
| Q3 24 | 1.91× | 4.03× | ||
| Q2 24 | 1.80× | 1.34× | ||
| Q1 24 | 1.30× | 8.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
UE
Segment breakdown not available.
