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Terreno Realty Q3 revenue beats on new and renewed leases

By Reuters News


Overview

  • US industrial real estate operator's Q3 revenue beat analyst expectations

  • Q3 EPS was $0.62

  • Company authorized repurchase of up to 3 mln shares through 2028, replacing prior program


Outlook

  • Terreno authorizes repurchases of up to 3 mln shares through Dec. 31, 2028


Result Drivers

  • LEASING AND ACQUISITIONS – Q3 revenue growth was driven by new and renewed leases, 2026-25 acquisitions and higher occupancy, partly offset by dispositions

  • LOWER DISPOSITION GAINS – Q3 net income fell as gains on property sales dropped to $19.7 mln from $62.4 mln


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$132.20 mln

$129.34 mln (9 Analysts)

Q3 EPS

$0.62


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the commercial reits peer group is "buy"

  • Wall Street's median 12-month price target for Terreno Realty Corporation is $74.00, about 8.8% above its November 4 closing price of $67.99

  • The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 43 three months ago


Reuters Recommended Reads

  • Nov 3 - One Liberty Properties Q3 revenue rises on industrial acquisitions, higher rental income

  • Nov 3 - DiamondRock Hospitality Q3 net income, adjusted FFO rise

  • Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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