Terreno Realty Corporation Appoints New Independent Director
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: Nov 05 20250mins
New Board Member Announcement: Terreno Realty Corporation has appointed Paul J. Donahue, Jr. as an independent director, effective November 4, 2025, expanding its Board of Directors to eight members.
Background of Paul J. Donahue, Jr.: Mr. Donahue is the Managing Partner and Co-Founder of Black Squirrel Partners and has a 32-year career at Morgan Stanley, where he served as Head of Americas Equity Capital Markets before retiring in 2020.
Terreno Realty's Operations: The company specializes in acquiring, owning, and operating industrial real estate across six major coastal U.S. markets, including New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.
Forward-Looking Statements Disclaimer: The press release includes forward-looking statements that are subject to risks and uncertainties, cautioning investors to be aware that actual results may differ from projections due to various factors.
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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 65.00 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.
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 60.740
Low
57.00
Averages
65.00
High
75.00
Current: 60.740
Low
57.00
Averages
65.00
High
75.00
Citi
Neutral
maintain
$58 -> $64
2025-11-13
New
Reason
Citi
Price Target
$58 -> $64
2025-11-13
New
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.
Baird
Neutral
maintain
$63
2025-11-10
Reason
Baird
Price Target
$63
2025-11-10
maintain
Neutral
Reason
Baird lowered the firm's price target on Terreno Realty to $63 from $63 and keeps a Neutral rating on the shares. The firm updated its model following Q3 results where they are incrementally positive as the fundamental backdrop improves
Scotiabank
Sector Perform
to
Outperform
upgrade
$61 -> $67
2025-11-10
Reason
Scotiabank
Price Target
$61 -> $67
2025-11-10
upgrade
Sector Perform
to
Outperform
Reason
Scotiabank upgraded Terreno Realty to Outperform from Sector Perform with a price target of $67, up from $61. The company's Q3 results were "healthy" as it addressed major watchlist tenants and executed several notable leases post the quarter, the analyst tells investors in a research note. The firm citing Terreno's portfolio quality and alleviating tenant credit risk concerns for the upgrade. It finds the stock undervalued at current levels.
Piper Sandler
Neutral -> Overweight
upgrade
$60 -> $75
2025-11-10
Reason
Piper Sandler
Price Target
$60 -> $75
2025-11-10
upgrade
Neutral -> Overweight
Reason
Piper Sandler last night upgraded Terreno Realty to Overweight from Neutral with a price target of $75, up from $60. Terreno is seeing its bi-coastal portfolio gain traction in the majority of its markets, the analyst tells investors in a research note. Piper says the company's "enthusiasm" following the Q3 results "stood out." Terreno sees tenants becoming more engaged, since pulling back with Liberation Day, contends Piper.
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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
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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.
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