Terreno Realty Acquires Maryland Industrial Property for Approximately $50 Million
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 52 minutes ago0mins
- Acquisition Deal: Terreno Realty Corporation acquired an industrial property in Hyattsville, Maryland, on December 4, 2025, for approximately $50 million, which is expected to enhance the company's presence in the Washington, D.C. market.
- Facility Features: The property includes 45 dock-high loading positions and one grade-level loading position, with parking for 156 cars; although the building is currently shell complete, it provides a solid foundation for future leasing opportunities.
- Investment Plan: Terreno plans to complete interior finishes by early 2027, with a total expected investment of $57.6 million, which will help increase the property's market value and achieve stabilized income.
- Return Expectations: The estimated stabilized cap rate for the property is 5.2%, which will provide the company with long-term cash flow and investment returns, further solidifying its portfolio in major coastal markets.
TRNO.N
$0.0000%Past 6 months
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
No Data
Powered By
Intellectia
Analyst Views on TRNO
Wall Street analysts forecast TRNO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRNO is 65.55 USD with a low forecast of 57.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
7 Buy
5 Hold
1 Sell
Moderate Buy
Current: 62.420
Low
57.00
Averages
65.55
High
75.00
Current: 62.420
Low
57.00
Averages
65.55
High
75.00
Mizuho
Underperform
maintain
$53 -> $56
2025-12-04
New
Reason
Mizuho
Price Target
$53 -> $56
2025-12-04
New
maintain
Underperform
Reason
Mizuho raised the firm's price target on Terreno Realty to $56 from $53 and keeps an Underperform rating on the shares. While the "easy money has been made" in industrial real estate investment trusts in fiscal 2025, the REIT subsector should at least produce "average" returns in 2026, the analyst tells investors in a research note. Mizuho sees more upside and takes a slightly more offensive stance heading into next year.
KeyBanc
Overweight
maintain
$64 -> $68
2025-12-04
New
Reason
KeyBanc
Price Target
$64 -> $68
2025-12-04
New
maintain
Overweight
Reason
KeyBanc raised the firm's price target on Terreno Realty to $68 from $64 and keeps an Overweight rating on the shares. The firm expects the company to generate double-digit FFO growth in 2026 and early 2027 driven by the combination of above-average occupancy, steady development leasing, and recent leasing wins at several key assets. Leasing has been steady despite a difficult 2025 with cash rent change of about 24% year-to-date, and KeyBanc expects 2026 rent change to remain in a similar range.
Wells Fargo
Equal Weight
maintain
$60 -> $63
2025-11-25
Reason
Wells Fargo
Price Target
$60 -> $63
2025-11-25
maintain
Equal Weight
Reason
Wells Fargo raised the firm's price target on Terreno Realty to $63 from $60 and keeps an Equal Weight rating on the shares. The firm says that despite a few high-profile exceptions, most REITs delivered Q3 2025 earnings and outlooks reflecting healthy operating conditions despite macro and labor market concerns.
Citi
Neutral
maintain
$58 -> $64
2025-11-13
Reason
Citi
Price Target
$58 -> $64
2025-11-13
maintain
Neutral
Reason
Citi raised the firm's price target on Terreno Realty to $64 from $58 and keeps a Neutral rating on the shares.
See All Ratings
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
Preview
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.
Sigh Up to Get Intellectia Insights
What is the significance of FCPT's sale-leaseback agreement with Hawaiian Bros?
How does FCPT's portfolio diversification strategy impact its overall growth?
Will FCPT's acquisition strategy help it overcome competition from private equity funds?
Can FCPT's stock performance improve in the next quarter despite recent declines?