• Terreno Realty average pre-tax profit margin for 2023 was 53.18%, a 12.96% decline from 2022.
• Terreno Realty average pre-tax profit margin for 2022 was 61.1%, a 63.33% decline from 2021.
• Terreno Realty average pre-tax profit margin for 2021 was 37.41%, a 6.33% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.