Terreno Realty Continues Acquisition Spree With Buyout in Santa Ana

Terreno Realty TRNO has announced the purchase of an industrial property in Santa Ana, CA, for around $49.5 million, continuing its acquisition spree. The transaction marks an estimated stabilized cap rate of 5.7%.Last week, TRNO acquired an industrial property in Long Island City, Queens, NY, for $16 million. The company has been actively restructuring its portfolio by disposing of non-core assets and opting for value-accretive investments. Such efforts will aid its long-term revenue growth.The recently acquired property is located at 3500 West MacArthur Boulevard, comprising one industrial distribution building containing roughly 134,000 square feet on 12.1 acres of industrial-zoned land. It is 100% leased to a major home improvement retailer and is operational as a retail location. Equipped with seven dock-high and three grade-level loading positions at an advantageous location adjacent to I-405 in Orange County, the property is likely to lure tenants, aiding revenue growth.TRNO’s Portfolio-Rebalancing EffortsTRNO follows a disciplined capital-recycling strategy. In early June 2025, the company acquired an industrial property in Los Angeles, CA, for around $10 million. In May 2025, it sold two properties at an aggregate sale value of around $114.5 million. As of May 6, 2025, TRNO had acquisitions worth around $49 million under contract and nearly $75.8 million under letters of intent.With such expansion efforts, Terreno Realty is well-poised 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. However, macroeconomic uncertainty and tariff issues remain concerns.Shares of this Zacks Rank #3 (Hold) company have gained 5.5% in the past month compared with the industry’s rise of 2.2%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the REIT sector are VICI Properties VICI and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for VICI Properties’ 2025 FFO per share is pegged at $2.35, up 3.98% year over year.The Zacks Consensus Estimate for W.P. Carey’s2025 FFO per share stands at $4.88, up 3.83% year over year.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.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 VICI Properties Inc. (VICI): 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