Latest news with #TRNO
Yahoo
27-05-2025
- Business
- Yahoo
Barclays Maintains Equal Weight Rating on Terreno Realty Corporation (TRNO), Cuts PT
On May 27, Barclays lowered the firm's price target on Terreno Realty Corporation (NYSE:TRNO) to $56 from $57 while keeping an Equal Weight rating on the stock. The analyst told investors in a research note that, despite some tariff relief, it is maintaining a cautious stance on consumer demand and its consequences for industrial real estate investment trust leasing. Aerial view of an industrial estate, revealing the size and scope of the company's portfolio. The company's fiscal Q1 2025 financial statement showed a drop in net income per share to $0.47 from $0.76 in fiscal Q4 2024. The 2025 YTD acquisitions came up to $16.9 million in the quarter. On May 7, the company announced a regular cash dividend of $0.49 per common share, payable on July 11, 2025. Terreno Realty Corporation (NYSE:TRNO) is a real estate company that acquires, owns, and operates industrial properties. It invests in various types of industrial real estate, including research and development, flex, warehouse and distribution, and transshipment. While we acknowledge the potential of TRNO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TRNO and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
Terreno Realty Sells Industrial Asset in Bellevue, Boosts Flexibility
Terreno Realty Corporation TRNO announced the disposition of an industrial property in Bellevue, WA. The sale was carried out for around $17.5 million. The moves highlight the REIT's strategy of doing away with non-core assets, boosting flexibility and building a more robust portfolio, which will aid future Realty purchased the property in November 2020 for $11.7 million. The investment yielded an unleveraged internal rate of return of 11.1% to the company. The property comprises a single industrial flex building of approximately 39,000 square feet situated on 2.1 acres of land and is currently Realty's strategic dispositions are an integral part of its ongoing efforts to optimize its portfolio and enhance its financial performance. In the first quarter of 2025, Terreno Realty sold two properties with two industrial distribution buildings spanning around 88,000 square feet at an aggregate sale value of around $24.9 the company remains focused on expanding its asset base in the six major coastal U.S. markets — Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, DC, as demand for industrial real estate space remains decent. These markets are characterized by strong demand generators, such as high population densities, high volume distribution points and logistics infrastructure, and constrained supply. As of March 31, 2025, TRNO had acquisitions worth around $55.9 million under contract and nearly $16 million under letters of intent. The completion of these is subject to due diligence and closing conditions. Terreno had five properties under development or redevelopment as of the same date. Post completion, these will comprise eight buildings spanning around 0.8 million square feet, which are 48% leased. The company also has around 22.4 acres of land dedicated to future developments at an estimated investment value of around $392.8 million. With a solid operating platform, a healthy balance sheet position and strategic expansion moves, TRNO seems well-positioned to capitalize on long-term growth opportunities, though macroeconomic uncertainty and policy changes remain concerns. In the past month, shares of this Zacks Rank #3 (Hold) company have declined 6.7% against the industry's growth of 0.8%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Zacks Consensus Estimate for VICI's 2025 FFO per share is pegged at $2.34, suggesting year-over-year growth of 3.5%.The Zacks Consensus Estimate for WPC's 2025 FFO per share stands at $4.88, indicating an increase of 3.8% from the year-ago reported Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Terreno Realty Corporation (TRNO) : Free Stock Analysis Report W.P. Carey Inc. (WPC) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
23-05-2025
- Business
- Yahoo
Terreno Realty Witnesses Healthy Demand, Executes Lease in CA
Terreno Realty TRNO recently announced the execution of a 3.0-acre improved land parcel lease in Rancho Dominguez, CA. The new lease commenced on May 20, 2025, and is slated for expiry in May 2028. The lessee of the agreement is an environmental and regulated waste management services provider. TRNO, which acquires, owns and operates industrial real estate in six major coastal U.S. markets, has been experiencing healthy demand for its properties from both existing and new tenants. Apart from the above lease, recently, this real estate investment trust ('REIT') announced the execution of a lease renewal for 53,000 square feet with the United States Postal Service in Washington, D.C. Earlier in May, the company announced the execution of a 70,000-square-foot new lease in Woodinville, WA, with a designer and manufacturer of camera movement systems and stabilizers for unmanned aerial cinematography and remote-controlled vehicles. TRNO is experiencing healthy leasing activity, as evident in its performance in the first quarter of 2025. Its operating portfolio was 96.6% leased to 663 tenants as of March 31, 2025. TRNO's same-store portfolio of 15.6 million square feet was 97.4% leased as of March 31, 2025. For the company's improved land portfolio of 47 parcels spanning 150.6 acres, the leased rate was 95.1% as of March 31, 2025. Terreno Realty was able to lock in higher rents on new and renewed leases during the quarter. The cash rents on new and renewed leases commencing during the first quarter of 2025 climbed 34.2%. Moreover, the tenant retention ratio was 71.7% for the operating portfolio. With a solid operating platform, a healthy balance sheet position and strategic expansion moves, TRNO seems well-positioned to capitalize on long-term growth opportunities. However, in the past month, shares of this Zacks Rank #3 (Hold) company have lost 2.3% against the industry's growth of 3.2%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for VICI's 2025 FFO per share is pinned at $2.34, implying year-over-year growth of 3.5%. The Zacks Consensus Estimate for WPC's 2025 FFO per share is pegged at $4.88, indicating an increase of 3.8% from the year-ago reported figure. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Terreno Realty Corporation (TRNO) : Free Stock Analysis Report W.P. Carey Inc. (WPC) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
13-05-2025
- Business
- Yahoo
Terreno Realty price target raised to $61 from $57 at Scotiabank
Scotiabank analyst Nicholas Yulico raised the firm's price target on Terreno Realty (TRNO) to $61 from $57 and keeps a Sector Perform rating on the shares. The firm is adjusting its estimates on U.S. Real Estate & REITs in its coverage following Q1 results, the analyst tells investors. Quarterly results contained some negative surprises, but generally played out as expected, with most companies maintaining FY25 guidance, the firm notes. Real estate fundamentals tend to lag, so many are looking to see the potential impact of the slowing economy on H2 2025 results, the firm adds. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on TRNO: Disclaimer & DisclosureReport an Issue Terreno Realty price target lowered to $61 from $67 at Baird Balanced Outlook: Hold Rating for Terreno Realty Amid Strong Performance and Cautious Economic Concerns Terreno Realty: Strategic Positioning and Operational Strengths Justify Buy Rating Terreno Realty Approves 2025 Equity Incentive Plan TRNO Earnings Report this Week: Is It a Buy, Ahead of Earnings? Sign in to access your portfolio
