TRNO vs. REXR
TRNO (Terreno Realty Corporation) and REXR (Rexford Industrial Realty, Inc.) are both stocks. Both operate in the REIT - Industrial industry within the Real Estate sector. Over the past 10 years, TRNO returned 14.13%/yr vs 8.62%/yr for REXR. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
TRNO vs. REXR - Performance Comparison
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Returns By Period
In the year-to-date period, TRNO achieves a 30.00% return, which is significantly higher than REXR's -0.37% return. Over the past 10 years, TRNO has outperformed REXR with an annualized return of 14.13%, while REXR has yielded a comparatively lower 8.62% annualized return.
TRNO
- 1D
- 4.51%
- 1M
- 14.19%
- 6M
- 24.51%
- YTD
- 30.00%
- 1Y
- 34.83%
- 3Y*
- 11.42%
- 5Y*
- 5.28%
- 10Y*
- 14.13%
REXR
- 1D
- 7.10%
- 1M
- 10.49%
- 6M
- -5.97%
- YTD
- -0.37%
- 1Y
- 8.50%
- 3Y*
- -7.81%
- 5Y*
- -5.62%
- 10Y*
- 8.62%
TRNO vs. REXR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRNO Terreno Realty Corporation | 30.00% | 2.70% | -2.77% | 13.39% | -31.61% | 48.55% | 10.42% | 57.19% | 2.87% | 26.24% |
REXR Rexford Industrial Realty, Inc. | -0.37% | 4.68% | -28.48% | 5.64% | -31.17% | 67.83% | 9.69% | 57.80% | 3.24% | 30.25% |
Correlation
The correlation between TRNO and REXR is 0.75, 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 | 0.75 |
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 19, 2013 | 0.74 |
The correlation between TRNO and REXR has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
Fundamentals
TRNO:
$7.98B
REXR:
$8.69B
TRNO:
$4.08
REXR:
$0.99
TRNO:
18.40
REXR:
38.07
TRNO:
0.26
REXR:
9.79
TRNO:
15.92
REXR:
8.81
TRNO:
1.84
REXR:
1.05
TRNO:
$490.40M
REXR:
$988.48M
TRNO:
$279.63M
REXR:
$605.66M
TRNO:
$503.94M
REXR:
$571.77M
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Return for Risk
TRNO vs. REXR — Risk / Return Rank
TRNO
REXR
TRNO vs. REXR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Terreno Realty Corporation (TRNO) and Rexford Industrial Realty, Inc. (REXR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRNO | REXR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.08 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 0.33 | +3.53 |
| Martin ratioReturn relative to average drawdown | 10.17 | 0.64 | +9.53 |
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Drawdowns
TRNO vs. REXR - Drawdown Comparison
The maximum TRNO drawdown since its inception was -41.45%, smaller than the maximum REXR drawdown of -58.65%. Use the drawdown chart below to compare losses from any high point for TRNO and REXR.
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Drawdown Indicators
| TRNO | REXR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.45% | -58.65% | +17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -25.79% | +16.74% |
Max Drawdown (3Y)Largest decline over 3 years | -26.27% | -41.89% | +15.62% |
Max Drawdown (5Y)Largest decline over 5 years | -39.06% | -58.65% | +19.59% |
Max Drawdown (10Y)Largest decline over 10 years | -39.06% | -58.65% | +19.59% |
Current DrawdownCurrent decline from peak | 0.00% | -47.76% | +47.76% |
Average DrawdownAverage peak-to-trough decline | -12.28% | -16.61% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 13.28% | -9.84% |
Volatility
TRNO vs. REXR - Volatility Comparison
The current volatility for Terreno Realty Corporation (TRNO) is 7.67%, while Rexford Industrial Realty, Inc. (REXR) has a volatility of 10.53%. This indicates that TRNO experiences smaller price fluctuations and is considered to be less risky than REXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRNO | REXR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 10.53% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.29% | 18.82% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.80% | 25.41% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.99% | 27.37% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.60% | 27.08% | -2.48% |
Dividends
TRNO vs. REXR - Dividend Comparison
TRNO's dividend yield for the trailing twelve months is around 2.77%, less than REXR's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REXR Rexford Industrial Realty, Inc. | 4.60% | 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 | 2.77% | 3.44% | 3.18% | 2.71% | 2.60% | 1.48% | 1.91% | 1.88% | 2.62% | 2.40% | 2.67% | 2.92% |
Financials
TRNO vs. REXR - Financials Comparison
This section allows you to compare key financial metrics between Terreno Realty Corporation and Rexford Industrial Realty, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TRNO vs. REXR - Profitability Comparison
TRNO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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 - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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 - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Terreno Realty Corporation reported a net income of 69.43M and revenue of 124.44M, resulting in a net margin of 55.8%.
REXR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
Frequently Asked Questions
TRNO and REXR have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REXR has higher volatility (10.53%) compared to TRNO (7.67%). In terms of maximum drawdown, TRNO dropped -41.45% vs REXR's -58.65%.
TRNO currently has the higher Sharpe Ratio (1.61 vs 0.34), 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.
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