On May 27, Barclays lowered the firm’s price target on Terreno Realty Corporation (NYSE:TRNO) to $56 from $57 while keeping an Equal Weight rating on the stock.
The analyst told investors in a research note that, despite some tariff relief, it is maintaining a cautious stance on consumer demand and its consequences for industrial real estate investment trust leasing.
Aerial view of an industrial estate, revealing the size and scope of the company’s portfolio.
The company’s fiscal Q1 2025 financial statement showed a drop in net income per share to $0.47 from $0.76 in fiscal Q4 2024. The 2025 YTD acquisitions came up to $16.9 million in the quarter. On May 7, the company announced a regular cash dividend of $0.49 per common share, payable on July 11, 2025.
Terreno Realty Corporation is a real estate company that acquires, owns, and operates industrial properties. It invests in various types of industrial real estate, including research and development, flex, warehouse and distribution, and transshipment.
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