Terreno Realty Acquires Property in South San Francisco

Terreno Realty Corporation TRNO recently announced the acquisition of an industrial property in South San Francisco, CA. The buyout was carried out on Sept. 5 for a purchase value of around $10.2 million. The move will aid the company in fostering its future growth by building a robust portfolio.Located at 258 Littlefield Avenue, between San Francisco International Airport and the City of San Francisco, the property spans around 32,000 square feet over 1.1 acres. Lying in proximity to TRNO’s property at 240 Littlefield Avenue, the building offers four dock-high positions with parking for 24 cars. Leased at 100% through October 2025, the estimated stabilized cap rate is 5.8%.TRNO is on an acquisition spree. Last month, the company acquired a prime portfolio of industrial properties in Woodinville, WA, for approximately $232.6 million. It also secured an industrial property in Redondo Beach, CA, for around $35.5 million.Final Take on TRNOWith such expansion efforts, Terreno Realty is well-positioned to enhance its portfolio in six major coastal U.S. markets, namely New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C. These markets display solid demographic trends and witness healthy demand for industrial real estate.Moreover, with national industrial vacancy rates still near historic lows in key logistics hubs, TRNO appears well-positioned to achieve steady rent growth and maintain high occupancy levels.Shares of this Zacks Rank #2 (Buy) company have rallied 10.8% in the past month, outperforming the industry’s growth of 3.7%.Image Source: Zacks Investment ResearchOther Stocks to ConsiderSome other top-ranked stocks from the broader REIT sector are W.P. Carey WPC and American Healthcare REIT, Inc. AHR, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for WPC’s 2025 FFO per share has been lowered marginally over the past two months to $4.87.The consensus estimate for AHR’s 2025 FFO per share has been revised upward marginally to $1.66 over the past month.Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Terreno Realty Corporation (TRNO): Free Stock Analysis Report W.P. Carey Inc. (WPC): Free Stock Analysis Report American Healthcare REIT, Inc. (AHR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks