Back to top

Analyst Blog

San Francisco-based Terreno Realty Corporation (TRNO - Snapshot Report) recently announced the inking of a lease renewal deal with an existing tenant, which is one of the leading independent foodservice distributors in the U.S. This industrial real estate investment trust (REIT) entered into a 10-years deal for an entire space (98,745 square feet) at an industrial property in Savage, Md.

The lease renewal transaction is expected to augment Terreno Realty’s strong tenant base and boost its relationship with existing tenants. Moreover, it will likely prove accretive to the earnings going forward and improve the company’s top line.

Terreno Realty owns and operates industrial real estate properties primarily in 6 major coastal markets of the U.S. These include the high barriers-to-entry markets of Los Angeles, Northern New Jersey, San Francisco Bay Area, Seattle, Miami and Washington D.C. Lately, Terreno Realty has been active on capitalizing on opportunities to strengthen its foothold in these areas.

Recently, Terreno Realty purchased an industrial property in Medley, Fla. for roughly $5.1 million. The acquired property comprises 1 industrial building that spans 49,000 square feet across 5.4 acres. It also represents the company’s 10th building in Miami-Dade County and is fully leased to a single tenant.

Also, earlier this week, Terreno Realty signed a lease extension and expansion deal with an existing tenant for an industrial property in Commerce, Calif. As per the deal, the tenant company will extend the lease period for its currently occupied space of 65,000 square feet for 26 months. In addition, it also plans to occupy an additional adjacent space of 51,000 square feet at the industrial property. The expiration date for the combined leased space of 116,000 square feet is Mar 31, 2018.

Terreno Realty currently holds a Zacks Rank #3 (Hold). However, a number of other REITs that are performing better and worth a look are Omega Healthcare Investors Inc. (OHI - Snapshot Report), Ryman Hospitality Properties Inc. (RHP - Snapshot Report), Sabra Health Care REIT Inc. (SBRA - Snapshot Report), all carrying a Zacks Rank #1 (Strong Buy).

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
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%