Terreno Realty Corporation
$8.10B- Market cap
- $7.18B
- Debt
- +$943.34M
- Cash
- −$25.02M
Capital structure 88% equity / 12% debt · EV / Revenue 17.01x · EV / EBITDA 18.82x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: TRNO stock price at premium vs GNL $65.93 current versus $16.98 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at GNL's multiple
Implied fair value · at TRNO's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: TRNO FY 2025 (ended Dec 31, 2025) · GNL FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 88% equity / 12% debt · EV / Revenue 17.01x · EV / EBITDA 18.82x
Capital structure 42% equity / 58% debt · EV / Revenue 8.83x · EV / EBITDA 22.17x
TRNO carries the larger enterprise value at $8.10B against $4.37B; GNL trades on the lower EV / Revenue multiple (8.83x vs 17.01x); TRNO on the lower EV / EBITDA (18.82x vs 22.17x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Terreno Realty Corporation · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Global Net Lease, Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.23x
1.58x
Net debt / EBITDA
Leverage against operating earnings
2.13x
12.41x
Cash and equivalents
Liquid reserves on the balance sheet
$25.02M
$180.11M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$943.34M
$2.63B
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