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Terreno Realty Corporation (TRNO) Stock Analysis

Range Bound setup

HoldModerate Confidence

Real Estate · REIT - Industrial

Earnings in 6 days (2026-05-06). Expect elevated volatility around the report — consider waiting for post-earnings price action before new entries.

Hold if already holding. Not a fresh buy at $65.03, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: industrial real estate; Analyst target reached - limited upside remaining.

Terreno Realty is an internally managed industrial REIT owning 309 buildings (~19.8M sq ft) in six coastal U.S. markets: New York/NJ, LA, Miami, SF Bay Area, Seattle, and DC. Revenue is generated from industrial leasing; warehouse/distribution comprises 80.5% of annualized base... Read more

$65.03+1.8% A.UpsideScore 6.1/10#2 of 15 REIT - Industrial
Stop $61.74Target $66.20(resistance)A.R:R -0.4:1
Analyst target$69.82+7.4%17 analysts
$66.20our TP
$65.03price
$69.82mean
$56
$80

Hold if already holding. Not a fresh buy at $65.03, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: industrial real estate; Analyst target reached - limited upside remaining. Chart setup: RSI 47 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 6.1/10, moderate confidence.

Passes 4/7 gates (clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and earnings proximity 6d<=7d. Suitability: moderate.

Thesis

Rewards
Strong growth profile
Risks
Concentration risk — Property Type: industrial real estate
Analyst target reached - limited upside remaining
Near 52-week high (3.8% away)

Key Metrics

P/E (TTM)16.6
P/E (Fwd)42.4
Mkt Cap$6.9B
EV/EBITDA26.9
Profit Mgn84.6%
ROE10.3%
Rev Growth32.6%
Beta1.14
Dividend3.21%
Rating analysts24

Quality Signals

Piotroski F7/9

Options Flow

P/C0.25bullish
IV53%elevated

Concentration Risks(10-K Item 1A)

  • HIGHPropertyindustrial real estate
    10-K Item 1A: 'Our investments in real estate assets are concentrated in the industrial real estate sector.'
  • MEDIUMGeographicNew York City/Northern New Jersey27%
    10-K Item 1A: 'approximately 17.9% of our rentable square feet...were located in New York City/Northern New Jersey, representing a combined percentage of approximately 26.6% of our total annualized base rent'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

1 floor-breaker·1 ceiling hit

Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static

Ev Ebitda
0.0
Ps
0.4
Analyst Target
4.0
P Ocf
4.5
P/OCF: 25.3x (FFO proxy — REITs gated off P/E)
GatesMomentum 4.5<4.5A.R:R -0.4=NEGATIVEEARNINGS PROXIMITY 6d<=7dInsider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTSEMI CYCLE PEAK CLEARRange BoundSuitability: Moderate
RSI
47 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $58.96Resistance $67.55

Price Targets

$62
$66
A.Upside+1.8%
A.R:R-0.4:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-3.3% upside)
! Momentum score 4.5/10 — below 4.5 minimum
! Negative risk/reward — downside exceeds upside

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-05-06 (6d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is TRNO stock a buy right now?

Hold if already holding. Not a fresh buy at $65.03, but acceptable to hold if already in. Reasons: Concentration risk — Property Type: industrial real estate; Analyst target reached - limited upside remaining. Chart setup: RSI 47 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Target $66.20 (+1.8%), stop $61.74 (−5.3%), A.R:R -0.4:1. Score 6.1/10, moderate confidence.

What is the TRNO stock price target?

Take-profit target: $66.20 (+1.8% upside). Target $66.20 (+1.8%), stop $61.74 (−5.3%), A.R:R -0.4:1. Stop-loss: $61.74.

What are the risks of investing in TRNO?

Concentration risk — Property Type: industrial real estate; Analyst target reached - limited upside remaining; Near 52-week high (3.8% away).

Is TRNO overvalued or undervalued?

Terreno Realty Corporation trades at a P/E of 16.6 (forward 42.4). TrendMatrix value score: 3.1/10. Verdict: Hold.

What do analysts say about TRNO?

24 analysts cover TRNO with a consensus score of 3.9/5. Average price target: $70.

What does Terreno Realty Corporation do?Terreno Realty is an internally managed industrial REIT owning 309 buildings (~19.8M sq ft) in six coastal U.S....

Terreno Realty is an internally managed industrial REIT owning 309 buildings (~19.8M sq ft) in six coastal U.S. markets: New York/NJ, LA, Miami, SF Bay Area, Seattle, and DC. Revenue is generated from industrial leasing; warehouse/distribution comprises 80.5% of annualized base rent.

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