Terreno Realty FY FFO Exceeds Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Should l Buy TRNO?
Source: seekingalpha
- 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.
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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 66.36 USD with a low forecast of 56.00 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.
11 Analyst Rating
8 Buy
2 Hold
1 Sell
Moderate Buy
Current: 65.080
Low
56.00
Averages
66.36
High
75.00
Current: 65.080
Low
56.00
Averages
66.36
High
75.00
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 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.
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- 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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- 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.
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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 $35.8M Redevelopment Lease in Long Island City, NY
- Lease Announcement: Terreno Realty Corporation has announced a full-property lease for a redevelopment property in Long Island City, New York, comprising approximately 48,000 square feet with a total investment of $35.8 million, indicating the company's proactive positioning in the industrial real estate market.
- Lease Duration and Returns: The property is fully leased to a contractor from December 2025 to August 2036, with an estimated stabilized cap rate of 5.7%, which will provide stable cash flow and enhance the profitability of the company's investment portfolio.
- Location Advantage: Situated at 49-10 27th Street in Queens, adjacent to the Queens-Midtown Tunnel entrance, the property features ten dock-high and fourteen grade-level loading positions, significantly improving logistics efficiency and meeting market demand for high-quality industrial space.
- Strategic Market Positioning: Terreno Realty operates in six major coastal markets, including New York City, Los Angeles, and Miami, reflecting its strategic expansion in the U.S. industrial real estate sector aimed at capitalizing on market growth potential.
See More
Terreno Realty Signs 117,000 Sq Ft Lease in Doral, Florida
- Lease Execution: Terreno Realty Corporation has signed a lease for 117,000 square feet in Doral, Florida, set to commence on December 31, 2025, and expire in December 2036, further solidifying its presence in major coastal U.S. markets.
- Market Expansion: This lease with an international freight forwarder and customs broker indicates Terreno's strategic positioning in the logistics and transportation sector, aimed at meeting the growing market demand and enhancing operational efficiency.
- Business Diversification: Operating in six major coastal markets, including New York, Los Angeles, and Miami, demonstrates Terreno's diversified investment strategy in industrial real estate, strengthening its resilience against market fluctuations.
- Forward-Looking Statements: The company's press release includes forward-looking statements that caution investors about potential risks and uncertainties, emphasizing management's cautious outlook on future performance, which may impact investor confidence.
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
Terreno Realty Acquires $35.8M Redevelopment Lease in Long Island City, NY
- Lease Announcement: Terreno Realty Corporation has announced a full-property lease for a redevelopment property in Long Island City, New York, comprising approximately 48,000 square feet with a total investment of $35.8 million, indicating the company's proactive positioning in the industrial real estate market.
- Lease Duration and Returns: The property is fully leased to a contractor from December 2025 to August 2036, with an estimated stabilized cap rate of 5.7%, which will provide stable cash flow and enhance the profitability of the company's investment portfolio.
- Location Advantage: Situated at 49-10 27th Street in Queens, adjacent to the Queens-Midtown Tunnel entrance, the property features ten dock-high and fourteen grade-level loading positions, significantly improving logistics efficiency and meeting market demand for high-quality industrial space.
- Strategic Market Positioning: Terreno Realty operates in six major coastal markets, including New York City, Los Angeles, and Miami, reflecting its strategic expansion in the U.S. industrial real estate sector aimed at capitalizing on market growth potential.
See More
Terreno Realty Signs 117,000 Sq Ft Lease in Doral, Florida
- Lease Execution: Terreno Realty Corporation has signed a lease for 117,000 square feet in Doral, Florida, set to commence on December 31, 2025, and expire in December 2036, further solidifying its presence in major coastal U.S. markets.
- Market Expansion: This lease with an international freight forwarder and customs broker indicates Terreno's strategic positioning in the logistics and transportation sector, aimed at meeting the growing market demand and enhancing operational efficiency.
- Business Diversification: Operating in six major coastal markets, including New York, Los Angeles, and Miami, demonstrates Terreno's diversified investment strategy in industrial real estate, strengthening its resilience against market fluctuations.
- Forward-Looking Statements: The company's press release includes forward-looking statements that caution investors about potential risks and uncertainties, emphasizing management's cautious outlook on future performance, which may impact investor confidence.
See More
