Raymond James Starts Terreno Realty Corp (TRNO) at Underperform

Raymond James analyst David Rodgers initiates coverage on Terreno Realty Corp (NYSE: TRNO) with a Underperform rating.

The analyst comments "The acquisition pipeline has grown to $800M against a reduced competitive set and, with the best cost of capital in the space, suggests solid contribution from new investments near term. Leasing spreads are similarly tracking 500 bp ahead of expectations during 1H26, which should support organic growth performance. However, we do expect a challenged total portfolio markto-market to result in some choppiness in spreads beyond 2026 that could add pressure to shares at the industry’s leading valuation."

For an analyst ratings summary and ratings history on Terreno Realty Corp click here. For more ratings news on Terreno Realty Corp click here.

Shares of Terreno Realty Corp closed at $66.28 yesterday.

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