
Terreno Realty (TRNO) Stock Forecast & Price Target
Terreno Realty (TRNO) Analyst Ratings
Bulls say
Terreno Realty Corp's positive outlook is supported by its robust occupancy metrics, with same-store occupancy increasing 100 basis points quarter-over-quarter to reach 98.3%, indicating strong demand in the industrial real estate sector. The company has maintained impressive performance with an average of 11% same-store growth since its IPO, highlighting its effective management and market positioning. Furthermore, ongoing investments in acquisitions, anticipated to exceed $700 million, alongside improved leasing volumes, suggest a solid foundation for future revenue growth and portfolio expansion.
Bears say
Terreno Realty Corp has experienced a notable decline in full-year rent spreads, averaging 37%, which is significantly lower than the previous year's 56% and the three-year average of 45%, indicating potential challenges in sustaining rental income. Additionally, year-over-year cash basis same-store NOI growth has decreased to 7.8% from over 13%, suggesting a weakening in operational performance amidst uncertainties in industrial real estate fundamentals. The company's high leverage ratio of 2.8x is concerning, particularly given the ongoing risks associated with rising interest rates, economic fluctuations, and increased competition in the sector.
This aggregate rating is based on analysts' research of Terreno Realty and is not a guaranteed prediction by Public.com or investment advice.
Terreno Realty (TRNO) Analyst Forecast & Price Prediction
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