• Terreno Realty average price/book ratio for 2024 was 1.7, a 5.56% decline from 2023.
• Terreno Realty average price/book ratio for 2023 was 1.8, a 8.16% decline from 2022.
• Terreno Realty average price/book ratio for 2022 was 1.96, a 20% decline from 2021.

Price/book ratio can be defined as