Latest news with #TerrenoRealty
Yahoo
28-05-2025
- Business
- Yahoo
Terreno Sells Property in Commerce, CA, Boosts Financial Flexibility
Terreno Realty Corporation TRNO announced the disposition of an industrial property located in Commerce, CA. The sale was carried out on May 22, 2025, for approximately $97 million. This move highlights the company's strategy of disposing of non-core assets and building a more robust portfolio, which will aid future growth. The property consists of five multi-tenant industrial buildings spanning around 545,000 square feet on 24 acres of land. It is 99% leased to 12 tenants. Terreno Realty had purchased the property on May 30, 2012, for $52.4 million. The investment yielded an unleveraged internal rate of 9.5% to the company. Terreno Realty's dispositions are an integral part of its ongoing efforts to optimize its portfolio and enhance its financial performance. Last week, the company sold an industrial property in Bellevue, WA, for $17.5 million. 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 million. Moreover, the company remains focused on acquiring and operating 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, D.C. — as demand for industrial real estate space remains buoyant. Over the past six months, shares of this Zacks Rank #3 (Hold) company have lost 5.8% compared with the industry's decline of 5.6%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and W.P. Carey WPC, each currently carrying a Zacks Rank #2 (Buy). 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 has moved one cent northward to $2.34 over the past month. The consensus estimate for WPC's 2025 FFO per share has been revised upward by 1% to $4.88 over the past month. Note: Anything related to earnings presented in this write-up represents 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Terreno Realty sells California industrial property for $97M
Terreno Realty (TRNO) Corporation sold an industrial property in Commerce, California, on May 22 for approximately $97M. The property consists of five multi-tenant industrial buildings totaling approximately 545,000 square feet on 24 acres, 99% leased to 12 tenants. The company purchased the property on May 30, 2012, for $52.4M, generating an unleveraged internal rate of return of 9.5%. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter 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 $56 from $57 at Barclays Terreno Realty announces lease in Rancho Dominguez, CA Terreno Realty announces lease renewal in Washington, D.C. Terreno Realty announces new lease in Washington Terreno Realty price target raised to $61 from $57 at Scotiabank 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
Business Insider
26-05-2025
- Business
- Business Insider
Barclays Reaffirms Their Hold Rating on Terreno Realty (TRNO)
Barclays analyst Brendan Lynch maintained a Hold rating on Terreno Realty (TRNO – Research Report) on May 23 and set a price target of $56.00. The company's shares closed last Friday at $55.15. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Lynch covers the Real Estate sector, focusing on stocks such as National Storage Affiliates, Prologis, and Cousins Properties. According to TipRanks, Lynch has an average return of -2.7% and a 43.30% success rate on recommended stocks. In addition to Barclays, Terreno Realty also received a Hold from Piper Sandler's Alexander Goldfarb in a report issued on May 23. However, on May 8, Colliers Securities maintained a Buy rating on Terreno Realty (NYSE: TRNO).
Yahoo
25-05-2025
- Business
- Yahoo
Why First Merchants, Terreno Realty, And Evergy Are Winners For Passive Income
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. First Merchants, Terreno Realty, and Evergy have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of over 3%. First Merchants Corp. (NASDAQ:FRME) operates as the financial holding company for First Merchants Bank that provides community banking services. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – The company has increased its dividends every year for the last 13 years. In its most recent dividend announcement on May 16, the company's board raised the quarterly payout from $0.35 to $0.36 per share, equal to an annual figure of $1.44 per share. The current dividend yield is 3.66%. First Merchants' annual revenue as of March 31 stood at $633.33 million. In its Q1 2025 earnings release on April 24, the company posted revenues of $160.32 million, missing the consensus estimate of $170.91 million, while EPS of $0.94 came in above the consensus of $0.91. Check out this article by Benzinga for six analysts' insights on First Merchants. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Terreno Realty Corp. (NYSE:TRNO) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C. The company has increased its dividends consecutively for the last 13 years. In its most recent dividend hike announcement on Aug. 7, it raised the quarterly payout by 8.9% to $0.49 per share, which is equal to an annual figure of $1.96 per share. More recently, in its dividend announcement on May 7, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 3.35%. Terreno Realty's annual revenue as of March 31 stood at $408.01 million. According to the company's Q1 2025 earnings announcement on May 7, it generated revenues of $110.42 million, above the consensus estimate of $109.03 million, while EPS of $0.62 missed the consensus of $ Inc. (NASDAQ:EVRG) engages in the generation, transmission, distribution, and sale of electricity in the U.S. Evergy has increased its dividends every year for the last seven years. In its most recent dividend hike announcement on Nov. 7, its board raised the quarterly payout by 4% to $0.6675 per share, equaling an annual figure of $2.67 per share. More recently, in its dividend announcement on May 8, the company maintained the payout at the same level. The current dividend yield is 3.98%. Evergy's annual revenue as of March 31 stood at $5.89 billion. As per its most recent earnings release on May 8, it posted Q1 2025 revenues of $1.38 billion, above the consensus estimate of $1.02 billion, while EPS of $0.54 missed the consensus of $0.67. First Merchants, Terreno Realty, and Evergy are good choices for investors seeking reliable passive income. Their dividend yields of over 3% and long history of consistent hikes make them attractive to income-focused investors. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: Invest Where It Hurts — And Help Millions Heal: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Send To MSN: 0 This article Why First Merchants, Terreno Realty, And Evergy Are Winners For Passive Income originally appeared on
