Terreno Continues Acquisitions, Acquires Maspeth Queens Property
Terreno's recent spate of acquisitions of industrial properties is likely to aid it in banking on solid industrial real estate market tailwinds.
Terreno Realty Concludes Redevelopment in Rancho Dominguez
TRNO completes the redevelopment of its improved land parcel in Rancho Dominguez, CA, poising it well to capitalize on favorable industrial real estate market fundamentals.
TRNO Pre-Leases 50% of Countyline Corporate Park Phase IV Building 32
Terreno's securing of 50% pre-leasing of Countyline Corporate Park Phase IV Building 32 reflects the solid demand for the company's properties.
Terreno Realty Expands Portfolio With Property Buyout in Brooklyn
TRNO acquires another industrial property in New York to fructify its portfolio expansion efforts amid healthy demand for its asset base.
Terreno Realty: Mixed Signals
Terreno Realty shifted focus from nominal growth to deleveraging, raising questions about internal valuation. The company has a distinguished and so far successful long-term investment philosophy. Despite high valuations, Terreno has issued more shares than assets purchased, suggesting management believes current valuations are rich and possibly overstretched.
Terreno Realty Announces Lease at Avenel, Sees Healthy Demand
TRNO's securing of a new lease with a leading national wholesale tire distributor at Avenel, NJ, highlights healthy demand for its properties.
FMR LLC Bolsters Stake in Terreno Realty Corp
On September 30, 2024, FMR LLC (Trades, Portfolio), a prominent investment firm, expanded its holdings in Terreno Realty Corp (TRNO, Financial) by acquiring an additional 1,460,862 shares. This transaction, executed at a price of $66.83 per share, increased FMR LLC (Trades, Portfolio)'s total stake in the company to 10,563,453 shares, reflecting a significant commitment to TRNO within its diverse portfolio.
Terreno Concludes Development of Distribution Building in Hialeah
TRNO completes the development and stabilization of Building 39 in Hialeah, FL, poising it well to capitalize on favorable industrial real estate market fundamentals.
Terreno Realty: Valuation Premium Makes It Inferior Pick In The Industrial Sector
Terreno Realty Corporation operates in high-density coastal markets with a strong portfolio, focusing on warehouse, light industrial, R&D, and transshipment properties. Despite market oversupply and cooling demand, TRNO maintains a 96% occupancy rate and achieves significant cash rent increases upon lease expirations. TRNO's short-term weighted average lease term allows for rapid rent adjustments, benefiting from market improvements and potential interest rate cuts.
Terreno Realty: Strong NOI Growth Is Already Priced In
Terreno Realty is an industrial REIT focused on Warehouse/distribution properties, with the company's largest market being Northern New Jersey/New York City. The shares have marginally outperformed the Vanguard Real Estate Index Fund so far in 2024, delivering a 12% total return. I expect the company to perform in line with real estate ETFs going forward, with positives such as strong NOI growth offset by an expensive valuation and low gearing.
Terreno Realty Announces Lease Renewal, Sees Decent Demand
TRNO executed an early lease renewal in Sunnyvale, CA, with a leading molecular diagnostic testing provider.
Terreno (TRNO) Leases San Leandro Property, Sees Decent Demand
Terreno's (TRNO) latest leasing activities highlight healthy demand for the company's properties.
