REXR vs. TRNO

Last updated Jun 3, 2026

REXR (Rexford Industrial Realty, Inc.) and TRNO (Terreno Realty Corporation) are both stocks. Both operate in the REIT - Industrial industry within the Real Estate sector. Over the past 10 years, REXR returned 8.34%/yr vs 13.11%/yr for TRNO. A 0.74 correlation means they provide meaningful diversification when combined.

Performance

REXR vs. TRNO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rexford Industrial Realty, Inc. (REXR) and Terreno Realty Corporation (TRNO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REXR achieves a -10.87% return, which is significantly lower than TRNO's 9.39% return. Over the past 10 years, REXR has underperformed TRNO with an annualized return of 8.34%, while TRNO has yielded a comparatively higher 13.11% annualized return.

REXR

• 1D: -1.84%
• 1M: -4.11%
• YTD: -10.87%
• 6M: -15.40%
• 1Y: 1.01%
• 3Y*: -11.02%
• 5Y*: -6.79%
• 10Y*: 8.34%

TRNO

• 1D: 0.51%
• 1M: -2.44%
• YTD: 9.39%
• 6M: 3.76%
• 1Y: 16.57%
• 3Y*: 3.95%
• 5Y*: 2.50%
• 10Y*: 13.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

REXR vs. TRNO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REXR Rexford Industrial Realty, Inc.	-10.87%	4.68%	-28.48%	5.64%	-31.17%	67.83%	9.69%	57.80%	3.24%	30.25%
TRNO Terreno Realty Corporation	9.39%	2.70%	-2.77%	13.39%	-31.61%	48.55%	10.42%	57.19%	2.87%	26.24%

Correlation

The correlation between REXR and TRNO is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jul 22, 2013	0.74

The correlation between REXR and TRNO has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.

Fundamentals

Market Cap REXR : $7.77B TRNO : $6.70B
EPS REXR : $0.98 TRNO : $4.09
PE Ratio REXR : 34.66 TRNO : 15.57
PEG Ratio REXR : 8.92 TRNO : 0.22
PS Ratio REXR : 8.02 TRNO : 13.47
PB Ratio REXR : 0.95 TRNO : 1.56
Total Revenue (TTM) REXR : $988.48M TRNO : $490.40M
Gross Profit (TTM) REXR : $605.66M TRNO : $279.63M
EBITDA (TTM) REXR : $571.77M TRNO : $503.94M

Return for Risk

REXR vs. TRNO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

REXR

REXR Risk / Return Rank: 39
REXR Sharpe Ratio Rank: 42
REXR Sortino Ratio Rank: 35
REXR Omega Ratio Rank: 35
REXR Calmar Ratio Rank: 41
REXR Martin Ratio Rank: 41

TRNO

TRNO Risk / Return Rank: 64
TRNO Sharpe Ratio Rank: 66
TRNO Sortino Ratio Rank: 58
TRNO Omega Ratio Rank: 56
TRNO Calmar Ratio Rank: 69
TRNO Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

REXR vs. TRNO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rexford Industrial Realty, Inc. (REXR) and Terreno Realty Corporation (TRNO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	REXR	TRNO	Difference
Sharpe ratio Return per unit of total volatility	0.04	0.80	-0.75
Sortino ratio Return per unit of downside risk	0.23	1.23	-0.99
Omega ratio Gain probability vs. loss probability	1.03	1.15	-0.12
Calmar ratio Return relative to maximum drawdown	0.05	1.55	-1.51
Martin ratio Return relative to average drawdown	0.11	4.25	-4.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REXR vs. TRNO - Sharpe Ratio Comparison

The current REXR Sharpe Ratio is 0.04, which is lower than the TRNO Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of REXR and TRNO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	REXR	TRNO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	0.80	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	0.10	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.54	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.44	-0.04

Drawdowns

REXR vs. TRNO - Drawdown Comparison

The maximum REXR drawdown since its inception was -58.65%, which is greater than TRNO's maximum drawdown of -41.45%. Use the drawdown chart below to compare losses from any high point for REXR and TRNO.

Drawdown Indicators

	REXR	TRNO	Difference
Max Drawdown Largest peak-to-trough decline	-58.65%	-41.45%	-17.20%
Max Drawdown (1Y) Largest decline over 1 year	-25.79%	-10.85%	-14.94%
Max Drawdown (3Y) Largest decline over 3 years	-41.89%	-26.27%	-15.62%
Max Drawdown (5Y) Largest decline over 5 years	-58.65%	-39.06%	-19.59%
Max Drawdown (10Y) Largest decline over 10 years	-58.65%	-39.06%	-19.59%
Current Drawdown Current decline from peak	-53.27%	-15.30%	-37.97%
Average Drawdown Average peak-to-trough decline	-16.09%	-12.30%	-3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.28%	3.96%	+7.32%

Volatility

REXR vs. TRNO - Volatility Comparison

Rexford Industrial Realty, Inc. (REXR) has a higher volatility of 6.15% compared to Terreno Realty Corporation (TRNO) at 5.83%. This indicates that REXR's price experiences larger fluctuations and is considered to be riskier than TRNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REXR	TRNO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	5.83%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	16.90%	12.97%	+3.93%
Volatility (1Y) Calculated over the trailing 1-year period	23.77%	20.87%	+2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.06%	24.73%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.93%	24.47%	+2.46%

Dividends

REXR vs. TRNO - Dividend Comparison

REXR's dividend yield for the trailing twelve months is around 5.07%, more than TRNO's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REXR Rexford Industrial Realty, Inc.	5.07%	4.44%	4.32%	2.71%	2.31%	1.18%	1.75%	1.62%	2.17%	3.25%	2.33%	3.12%
TRNO Terreno Realty Corporation	3.22%	3.44%	3.18%	2.71%	2.60%	1.48%	1.91%	1.88%	2.62%	2.40%	2.67%	2.92%

Financials

REXR vs. TRNO - Profitability Comparison

The chart below illustrates the profitability comparison between Rexford Industrial Realty, Inc. and Terreno Realty Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

REXR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rexford Industrial Realty, Inc. reported a gross profit of 188.32M and revenue of 245.08M. Therefore, the gross margin over that period was 76.8%.

TRNO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Terreno Realty Corporation reported a gross profit of 0.00 and revenue of 124.44M. Therefore, the gross margin over that period was 0.0%.

REXR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rexford Industrial Realty, Inc. reported an operating income of 100.46M and revenue of 245.08M, resulting in an operating margin of 41.0%.

TRNO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Terreno Realty Corporation reported an operating income of 0.00 and revenue of 124.44M, resulting in an operating margin of 0.0%.

REXR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rexford Industrial Realty, Inc. reported a net income of 87.87M and revenue of 245.08M, resulting in a net margin of 35.9%.

TRNO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Terreno Realty Corporation reported a net income of 69.43M and revenue of 124.44M, resulting in a net margin of 55.8%.

Frequently Asked Questions

Can I hold both REXR and TRNO in my portfolio?

REXR and TRNO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REXR or TRNO?

REXR has higher volatility (6.15%) compared to TRNO (5.83%). In terms of maximum drawdown, REXR dropped -58.65% vs TRNO's -41.45%.

Which has better risk-adjusted returns?

TRNO currently has the higher Sharpe Ratio (0.80 vs 0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.