• Terreno Realty average return on tangible equity for 2023 was 6.56, a 14.47% decline from 2022.
• Terreno Realty average return on tangible equity for 2022 was 7.67, a 66.38% decline from 2021.
• Terreno Realty average return on tangible equity for 2021 was 4.61, a 1.71% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.