Back to top

Analyst Blog

In furtherance of its Californian assets acquisition spree, Terreno Realty Corp. (TRNO - Snapshot Report) bought an industrial building in Compton. The company shelled out $4.0 million for this purchase.

The acquired industrial property, which stretches about 24,000 square feet on 2.5 acres, is situated on 2934 East Las Hermanas Street. It is placed in proximity to Interstate 710 and the Artesia Freeway between the Ports of LA and Long Beach and Los Angeles International Airport. Notably, the asset is fully leased to two tenants and offers seven dock-high loading positions and trailer storage.

We believe that this transaction is a strategic fit, as it will enhance the company's high-quality industrial assets portfolio in California. In addition, the industrial property market in California is exhibiting an upward trend. Particularly, amid a larger customer base and rise in e-Commerce application and supply chain consolidation, there is an increasing demand for high-quality logistics facilities. Alongside, Terreno Realty is aiming at capitalizing on this trend to drive its profitability going forward.

Consequently, in recent times, this industrial real estate investment trust (REIT) has been involved in a number of acquisitions in California. Last week, the company disclosed the acquisition of an industrial property for $7.8 million in Corona (read: Terreno Realty Acquires $7.8M Property in CA). Also, in May, Terreno Realty sealed the buyout of an industrial asset in San Leandro for about $13.3 million.

As a matter of fact, Terreno Realty is primarily engaged in the acquisition, ownership and operation of industrial real estate in the U.S. Its main areas of business are the six coastal markets in Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington D.C./Baltimore.

Terreno Realty currently sports a Zacks Rank #1 (Strong Buy). Some other equity REITs worth considering include The GEO Group, Inc. (GEO - Snapshot Report), Aviv REIT, Inc. (AVIV - Snapshot Report) and Chatham Lodging Trust (CLDT - Snapshot Report). All these stocks have the same Zacks Rank as that of Terreno Realty.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.00 +3.09%
SANCHEZ ENE… SN 34.18 +2.67%
PANTRY INC PTRY 21.02 +2.09%
INTEL CORP INTC 35.15 +1.88%
PIPER JAFFR… PJC 54.54 +1.70%