Terreno Realty Acquires Industrial Property in New York for Approximately $92M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 hours ago
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Should l Buy TRNO?
Terreno Realty acquired an industrial property located in College Point, Queens, New York for a purchase price of approximately $92M. The property consists of a cross-dock industrial distribution building containing approximately 81,000 square feet with an additional two floors of indoor parking on four acres. The property provides 13 dock-high and three grade-level loading positions and parking for 226 cars. The building is shell complete only. Terreno Realty Corporation will permit and construct interior finishes, including approximately 8,000 square feet of office, expected to be completed in early 2027. The total expected investment is $103.4M and the estimated stabilized cap rate is 5.4%.
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Analyst Views on TRNO
Wall Street analysts forecast TRNO stock price to rise
13 Analyst Rating
9 Buy
3 Hold
1 Sell
Moderate Buy
Current: 65.620
Low
56.00
Averages
69.62
High
80.00
Current: 65.620
Low
56.00
Averages
69.62
High
80.00
About TRNO
Terreno Realty Corporation acquires, owns and operates industrial real estate in six coastal United States markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle, and Washington, D.C. The Company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land. It targets functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which it operates. Infill locations are geographic locations surrounded by high concentrations of already developed land and existing buildings. Its portfolio includes Terreno 3500 West MacArthur Boulevard, Terreno 11100 Hindry Avenue, Terreno 2411 Santa Fe Ave, Terreno 1720 E Garry Ave, Terreno 16009-16019 E Foothill, Terreno 16025-16037 E Foothill, Terreno 3528 Arden, Terreno 20269 - 20281 Mack, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Terreno Realty Acquires Industrial Property in New York for $92 Million
- Acquisition Overview: Terreno Realty Corporation acquired an industrial property in College Point, Queens, New York, for approximately $92 million on February 18, 2026, featuring 81,000 square feet of cross-dock distribution space, 13 dock-high and three grade-level loading positions, and parking for 226 cars, indicating a strong foothold in the industrial real estate market.
- Investment and Construction Plans: The total expected investment for the property is $103.4 million, with plans to complete interior finishes, including approximately 8,000 square feet of office space, by early 2027, which will enhance the property's utility and attract more tenants, thereby strengthening the company's competitive position.
- Market Positioning and Yield Expectations: The estimated stabilized cap rate for the property is 5.4%, calculated based on annualized cash basis net operating income stabilized to market occupancy (generally 95%), reflecting the company's optimistic outlook on future revenue generation.
- Geographical Advantage and Accessibility: Located adjacent to the Whitestone Expressway and approximately 1 mile from the Van Wyck Expressway and Grand Central Parkway, and about 3 miles from LaGuardia Airport, the property's prime location is expected to enhance logistics efficiency and increase tenant appeal.
See More
TERRENO REALTY CORPORATION PURCHASES QUEENS, NY PROPERTY FOR $92 MILLION
- Acquisition Details: Terreno Realty Corporation has acquired a property in Queens, New York for $92 million.
- Market Impact: This acquisition reflects ongoing investment activity in the New York real estate market, particularly in industrial properties.
See More
Terreno Realty FY FFO Exceeds Expectations
- Strong Financial Performance: Terreno Realty reported FY FFO of $2.77, beating expectations by $0.07, demonstrating effective financial management and boosting investor confidence.
- Significant Revenue Growth: The company achieved revenue of $476.38 million, a 24.5% year-over-year increase, surpassing market expectations by $10.36 million, indicating robust performance and sustained growth potential in the real estate market.
- Optimistic Management Outlook: Piper Sandler upgraded Terreno Realty to a 'Buy' rating, reflecting confidence in the company's future growth prospects, which may attract more investor interest.
- Slight Drop in Occupancy: Although there was a marginal decline in fourth-quarter occupancy rates, the overall strong financial performance indicates the company's ability to maintain operational stability amid market fluctuations.
See More
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- Positive Outlook for Omnicell: Keybanc analyst Scott Schoenhaus upgraded Omnicell Inc (NASDAQ:OMCL) from Sector Weight to Overweight and announced a $60 price target, indicating a positive expectation for its market performance, as shares closed at $47.45 on Wednesday.
- Jack Henry Rating Increase: Wolfe Research analyst Darrin Peller upgraded Jack Henry & Associates Inc (NASDAQ:JKHY) from Peer Perform to Outperform and set a price target of $220, demonstrating optimism about its business growth, with shares closing at $185.97 on Wednesday.
- Terreno Realty Slight Price Target Increase: Baird analyst David Rodgers upgraded Terreno Realty Corp (NYSE:TRNO) from Neutral to Outperform and raised the price target from $63 to $64, reflecting cautious optimism about its market performance, with shares closing at $59.10 on Wednesday.
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BTIG Raises Abivax Price Target to $150, Maintains Buy Rating
- Price Target Increase: BTIG raised the price target for Abivax SA from $120 to $150 while maintaining a Buy rating, reflecting confidence in the company's future growth potential.
- Market Performance: Abivax shares closed at $126.48 on Wednesday, indicating a positive market response that may attract more investor interest.
- Rating Changes: Cantor Fitzgerald increased the price target for Alphabet Inc from $310 to $370 and upgraded the stock from Neutral to Overweight, signaling optimism about its future performance.
- Stock Dynamics: Alphabet shares closed at $322.03 on Wednesday, reflecting market recognition of its growth prospects, which could drive more capital into the stock.
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Terreno Realty Secures $35.8M Full-Property Lease in Long Island City, NY
- Successful Property Lease: Terreno Realty has completed a full-property lease in Long Island City, New York, involving an approximately 48,000 square foot industrial distribution building, with a lease term commencing in December 2025 and expiring in August 2036, ensuring a long-term stable cash flow.
- Significant Investment Scale: The total investment for the property is $35.8 million, with an estimated stabilized cap rate of 5.7%, which will further solidify Terreno Realty's market position in major coastal U.S. markets.
- Prime Location: The property is located at 49-10 27th Street in Queens, adjacent to the entrance of the Queens-Midtown Tunnel, providing ten dock-high and fourteen grade-level loading positions, greatly enhancing logistics efficiency to meet client demands.
- Market Expansion Strategy: Terreno Realty's acquisition and operation strategy across six major coastal markets demonstrates its ongoing commitment to the industrial real estate sector, with expectations to enhance its competitiveness in New York City and surrounding areas through such leases.
See More
Terreno Realty Acquires Industrial Property in New York for $92 Million
- Acquisition Overview: Terreno Realty Corporation acquired an industrial property in College Point, Queens, New York, for approximately $92 million on February 18, 2026, featuring 81,000 square feet of cross-dock distribution space, 13 dock-high and three grade-level loading positions, and parking for 226 cars, indicating a strong foothold in the industrial real estate market.
- Investment and Construction Plans: The total expected investment for the property is $103.4 million, with plans to complete interior finishes, including approximately 8,000 square feet of office space, by early 2027, which will enhance the property's utility and attract more tenants, thereby strengthening the company's competitive position.
- Market Positioning and Yield Expectations: The estimated stabilized cap rate for the property is 5.4%, calculated based on annualized cash basis net operating income stabilized to market occupancy (generally 95%), reflecting the company's optimistic outlook on future revenue generation.
- Geographical Advantage and Accessibility: Located adjacent to the Whitestone Expressway and approximately 1 mile from the Van Wyck Expressway and Grand Central Parkway, and about 3 miles from LaGuardia Airport, the property's prime location is expected to enhance logistics efficiency and increase tenant appeal.
See More
TERRENO REALTY CORPORATION PURCHASES QUEENS, NY PROPERTY FOR $92 MILLION
- Acquisition Details: Terreno Realty Corporation has acquired a property in Queens, New York for $92 million.
- Market Impact: This acquisition reflects ongoing investment activity in the New York real estate market, particularly in industrial properties.
See More
Terreno Realty FY FFO Exceeds Expectations
- Strong Financial Performance: Terreno Realty reported FY FFO of $2.77, beating expectations by $0.07, demonstrating effective financial management and boosting investor confidence.
- Significant Revenue Growth: The company achieved revenue of $476.38 million, a 24.5% year-over-year increase, surpassing market expectations by $10.36 million, indicating robust performance and sustained growth potential in the real estate market.
- Optimistic Management Outlook: Piper Sandler upgraded Terreno Realty to a 'Buy' rating, reflecting confidence in the company's future growth prospects, which may attract more investor interest.
- Slight Drop in Occupancy: Although there was a marginal decline in fourth-quarter occupancy rates, the overall strong financial performance indicates the company's ability to maintain operational stability amid market fluctuations.
See More
Analysts Upgrade Alphabet's Price Target to $370
- Alphabet Rating Upgrade: Cantor Fitzgerald analyst Deepak Mathivanan upgraded Alphabet Inc (NASDAQ:GOOGL) from Neutral to Overweight and raised the price target from $310 to $370, reflecting strong confidence in the company's growth potential, with shares closing at $321.98 on Wednesday.
- Positive Outlook for Omnicell: Keybanc analyst Scott Schoenhaus upgraded Omnicell Inc (NASDAQ:OMCL) from Sector Weight to Overweight and announced a $60 price target, indicating a positive expectation for its market performance, as shares closed at $47.45 on Wednesday.
- Jack Henry Rating Increase: Wolfe Research analyst Darrin Peller upgraded Jack Henry & Associates Inc (NASDAQ:JKHY) from Peer Perform to Outperform and set a price target of $220, demonstrating optimism about its business growth, with shares closing at $185.97 on Wednesday.
- Terreno Realty Slight Price Target Increase: Baird analyst David Rodgers upgraded Terreno Realty Corp (NYSE:TRNO) from Neutral to Outperform and raised the price target from $63 to $64, reflecting cautious optimism about its market performance, with shares closing at $59.10 on Wednesday.
See More
BTIG Raises Abivax Price Target to $150, Maintains Buy Rating
- Price Target Increase: BTIG raised the price target for Abivax SA from $120 to $150 while maintaining a Buy rating, reflecting confidence in the company's future growth potential.
- Market Performance: Abivax shares closed at $126.48 on Wednesday, indicating a positive market response that may attract more investor interest.
- Rating Changes: Cantor Fitzgerald increased the price target for Alphabet Inc from $310 to $370 and upgraded the stock from Neutral to Overweight, signaling optimism about its future performance.
- Stock Dynamics: Alphabet shares closed at $322.03 on Wednesday, reflecting market recognition of its growth prospects, which could drive more capital into the stock.
See More
Terreno Realty Secures $35.8M Full-Property Lease in Long Island City, NY
- Successful Property Lease: Terreno Realty has completed a full-property lease in Long Island City, New York, involving an approximately 48,000 square foot industrial distribution building, with a lease term commencing in December 2025 and expiring in August 2036, ensuring a long-term stable cash flow.
- Significant Investment Scale: The total investment for the property is $35.8 million, with an estimated stabilized cap rate of 5.7%, which will further solidify Terreno Realty's market position in major coastal U.S. markets.
- Prime Location: The property is located at 49-10 27th Street in Queens, adjacent to the entrance of the Queens-Midtown Tunnel, providing ten dock-high and fourteen grade-level loading positions, greatly enhancing logistics efficiency to meet client demands.
- Market Expansion Strategy: Terreno Realty's acquisition and operation strategy across six major coastal markets demonstrates its ongoing commitment to the industrial real estate sector, with expectations to enhance its competitiveness in New York City and surrounding areas through such leases.
See More
