We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Terreno Sells Property in Commerce, CA, Boosts Financial Flexibility
Read MoreHide Full Article
Terreno Realty Corporation (TRNO - Free Report) announced the disposition of an industrial property located in Commerce, CA. The sale was carried out on May 22, 2025, for approximately $97 million. This move highlights the company’s strategy of disposing of non-core assets and building a more robust portfolio, which will aid future growth.
The property consists of five multi-tenant industrial buildings spanning around 545,000 square feet on 24 acres of land. It is 99% leased to 12 tenants.
Terreno Realty had purchased the property on May 30, 2012, for $52.4 million. The investment yielded an unleveraged internal rate of 9.5% to the company.
TRNO’s Past Dispositions
Terreno Realty’s dispositions are an integral part of its ongoing efforts to optimize its portfolio and enhance its financial performance. Last week, the company sold an industrial property in Bellevue, WA, for $17.5 million. In the first quarter of 2025, Terreno Realty sold two properties with two industrial distribution buildings spanning around 88,000 square feet at an aggregate sale value of around $24.9 million.
Moreover, the company remains focused on acquiring and operating its asset base in the six major coastal U.S. markets — Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C. — as demand for industrial real estate space remains buoyant.
Over the past six months, shares of this Zacks Rank #3 (Hold) company have lost 5.8% compared with the industry's decline of 5.6%.
Image: Bigstock
Terreno Sells Property in Commerce, CA, Boosts Financial Flexibility
Terreno Realty Corporation (TRNO - Free Report) announced the disposition of an industrial property located in Commerce, CA. The sale was carried out on May 22, 2025, for approximately $97 million. This move highlights the company’s strategy of disposing of non-core assets and building a more robust portfolio, which will aid future growth.
The property consists of five multi-tenant industrial buildings spanning around 545,000 square feet on 24 acres of land. It is 99% leased to 12 tenants.
Terreno Realty had purchased the property on May 30, 2012, for $52.4 million. The investment yielded an unleveraged internal rate of 9.5% to the company.
TRNO’s Past Dispositions
Terreno Realty’s dispositions are an integral part of its ongoing efforts to optimize its portfolio and enhance its financial performance. Last week, the company sold an industrial property in Bellevue, WA, for $17.5 million. In the first quarter of 2025, Terreno Realty sold two properties with two industrial distribution buildings spanning around 88,000 square feet at an aggregate sale value of around $24.9 million.
Moreover, the company remains focused on acquiring and operating its asset base in the six major coastal U.S. markets — Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, D.C. — as demand for industrial real estate space remains buoyant.
Over the past six months, shares of this Zacks Rank #3 (Hold) company have lost 5.8% compared with the industry's decline of 5.6%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader REIT sector are VICI Properties (VICI - Free Report) and W.P. Carey (WPC - Free Report) , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for VICI’s 2025 FFO per share has moved one cent northward to $2.34 over the past month.
The consensus estimate for WPC’s 2025 FFO per share has been revised upward by 1% to $4.88 over the past month.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.