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Upturn AI SWOT - About
TRNO 
Terreno Realty Corporation (TRNO)
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Upturn Advisory Summary
04/01/2025: TRNO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -5.63% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.53B USD | Price to earnings Ratio 33 | 1Y Target Price 69.88 |
Price to earnings Ratio 33 | 1Y Target Price 69.88 | ||
Volume (30-day avg) 876521 | Beta 0.94 | 52 Weeks Range 52.16 - 70.01 | Updated Date 04/1/2025 |
52 Weeks Range 52.16 - 70.01 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 3.10% | Basic EPS (TTM) 1.92 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 48.22% | Operating Margin (TTM) 37.86% |
Management Effectiveness
Return on Assets (TTM) 2.13% | Return on Equity (TTM) 5.61% |
Valuation
Trailing PE 33 | Forward PE 79.37 | Enterprise Value 7131536384 | Price to Sales(TTM) 17.02 |
Enterprise Value 7131536384 | Price to Sales(TTM) 17.02 | ||
Enterprise Value to Revenue 18.99 | Enterprise Value to EBITDA 24.28 | Shares Outstanding 103019000 | Shares Floating 97796074 |
Shares Outstanding 103019000 | Shares Floating 97796074 | ||
Percent Insiders 1.92 | Percent Institutions 114.67 |
Analyst Ratings
Rating 3.56 | Target Price 69 | Buy 5 | Strong Buy 3 |
Buy 5 | Strong Buy 3 | ||
Hold 7 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Terreno Realty Corporation
Company Overview
History and Background
Terreno Realty Corporation, founded in 2009, focuses on acquiring, owning, and operating industrial properties in major coastal U.S. markets. It went public in 2010. Initially focusing on value-add opportunities, the company has shifted to a more core-oriented strategy, targeting high-quality, infill locations.
Core Business Areas
- Industrial Property Ownership: Acquisition, ownership, and management of industrial properties, primarily in coastal U.S. markets, including distribution centers, warehouses, and light industrial facilities.
Leadership and Structure
W. Blake Baird serves as Chairman and CEO. The company has a typical REIT structure, with a Board of Directors and executive management team overseeing acquisitions, asset management, leasing, and finance.
Top Products and Market Share
Key Offerings
- Industrial Real Estate: Terreno owns and manages industrial real estate properties, including distribution centers, warehouses, and light industrial facilities. Terreno does not report specific revenue figures for each individual property, rather focusing on overall portfolio performance. Competitors include Prologis (PLD), Duke Realty (DRE - acquired by Prologis) and Rexford Industrial Realty (REXR).
Market Dynamics
Industry Overview
The industrial real estate sector is currently experiencing strong demand, driven by e-commerce growth, supply chain modernization, and increasing inventory levels. Limited supply in key coastal markets is contributing to rising rents and property values.
Positioning
Terreno is positioned as a leading owner and operator of industrial properties in infill locations in major coastal U.S. markets. Its focus on high-barrier-to-entry markets and strategic property selection provides a competitive advantage.
Total Addressable Market (TAM)
The total addressable market for industrial real estate in the U.S. is estimated to be in the trillions of dollars. Terreno's focus on select coastal markets positions it to capture a significant share of the high-growth segment within the broader industrial real estate market.
Upturn SWOT Analysis
Strengths
- Strategic focus on high-barrier-to-entry coastal markets
- Strong balance sheet and access to capital
- Experienced management team
- High-quality portfolio of industrial properties
Weaknesses
- Geographic concentration in coastal markets makes company very suseptible to geographic specific downturns
- High acquisition costs in target markets
- Reliance on continued economic growth and demand for industrial space
Opportunities
- Acquisition of additional industrial properties in target markets
- Development of new industrial facilities
- Expansion into new geographic areas
- Increase rental rates and occupancy levels
Threats
- Economic downturn or recession
- Increased competition from other industrial REITs
- Rising interest rates
- Changes in e-commerce or supply chain trends
Competitors and Market Share
Key Competitors
- PLD
- REXR
- DCT (now owned by Prologis)
Competitive Landscape
Terreno competes with other industrial REITs and private investors for acquisitions. Its focus on infill locations and strong balance sheet provide a competitive advantage.
Major Acquisitions
105 Commerce Way in Hackensack, New Jersey
- Year: 2023
- Acquisition Price (USD millions): 28.7
- Strategic Rationale: Further expands Terreno Realty's holdings within a key, high-demand market, contributing to their focus on urban infill and strategic locations.
Growth Trajectory and Initiatives
Historical Growth: Terreno has demonstrated strong growth in recent years, driven by acquisitions and organic rent growth.
Future Projections: Analyst estimates project continued growth for Terreno, driven by the strong demand for industrial space and the company's strategic positioning.
Recent Initiatives: Recent initiatives include acquisitions of industrial properties in key coastal markets, development projects, and capital recycling efforts.
Summary
Terreno Realty Corporation is a strong player in the industrial real estate market, particularly in high-barrier coastal regions. Its strategic focus and experienced management team are working well. However, it needs to be careful of geographic concentration, high acquisition costs, and economic downturns which can all create risks to the business.
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FRPT
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FRPT
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INVH
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INVH
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PLD
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PLD
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REXR
Rexford Industrial Realty Inc
REXR
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Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Investor Presentations
- Analyst Reports
- Industry Publications
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market share data is approximate and based on available information. Financial data may be delayed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Terreno Realty Corporation
Exchange NYSE | Headquaters Bellevue, WA, United States | ||
IPO Launch date 2010-02-10 | Co-Founder, Chairman & CEO Mr. W. Blake Baird | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 49 | Website https://www.terreno.com |
Full time employees 49 | Website https://www.terreno.com | ||
Terreno Realty Corporation ("Terreno", and together with its subsidiaries, "we", "us", "our", "our Company" or "the Company") acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. We invest in several types of industrial real estate, including warehouse/distribution (approximately 79.7% of our total annualized base rent as of December 31, 2024), flex (including light industrial and research and development, or R&D) (approximately 3.4%), transshipment (approximately 6.0%) and improved land (approximately 10.9%). We target functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which we operate. Infill locations are geographic locations surrounded by high concentrations of already developed land and existing buildings. As of December 31, 2024, we owned a total of 299 buildings (including one building held for sale) aggregating approximately 19.3 million square feet, 47 improved land parcels consisting of approximately 150.6 acres, six properties under development or redevelopment and approximately 22.4 acres of land entitled for future development. As of December 31, 2024, the buildings and improved land parcels were approximately 97.4% and 95.1% leased, respectively, to 670 customers, the largest of which accounted for approximately 5.5% of our total annualized base rent. We are an internally managed Maryland corporation and elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, or the Code, commencing with our taxable year ended December 31, 2010.
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