(TRNO) Terreno Realty - Ratings and Ratios

Terreno Realty Corporation (NYSE:TRNO) is a real estate investment trust (REIT) specializing in the acquisition, ownership, and operation of industrial properties across six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. The company focuses on functional, infill properties that cater to diverse tenant needs, with a portfolio comprising warehouse/distribution facilities (79.7% of total annualized base rent), flex spaces (including light industrial and R&D), transshipment properties, and improved land. As of December 31, 2024, Terreno owned 299 buildings (including one held for sale) totaling approximately 19.3 million square feet, 47 improved land parcels spanning 150.6 acres, six properties under development or redevelopment, and 22.4 acres of entitled land for future development. The portfolio was 97.4% leased for buildings and 95.1% leased for improved land parcels, serving 670 customers, with the largest tenant contributing 5.5% of total annualized base rent. Headquartered in Maryland, the company operates as an internally managed REIT under the Internal Revenue Code, effective from its 2010 taxable year.

3-Month Forecast: Based on and , TRNO is likely to experience sideways to slightly bearish momentum in the near term. The stock is trading below its SMA 20 (57.25) and SMA 50 (62.51), indicating bearish momentum. The ATR of 2.29 suggests moderate volatility, while the high P/E (29.58) and forward P/E (79.37) signal elevated valuations. With a P/B of 1.57 and P/S of 15.29, the stock may face headwinds from diminishing investor appetite for high-multiple REITs. Expect TRNO to trade within a narrow range, potentially testing the lower end of its recent price action.