In a report released today, John Kim from BMO Capital maintained a Hold rating on Terreno Realty, with a price target of $62.00.
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John Kim has given his Hold rating due to a combination of factors impacting Terreno Realty’s performance. The company’s operational update for the third quarter of 2025 indicated a stable industrial market, with a slight increase in same-store occupancy. However, there is uncertainty regarding the improvement of cash spreads in the upcoming year, as the current spreads have moderated.
Despite positive aspects such as strong acquisition activity and asset sales with favorable cap rates, there are concerns about the softening cash leasing spreads. The spreads have decreased compared to previous quarters, partly due to a tenant issue in Seattle. Although the company remains on track to achieve its annual cash leasing spread target, these mixed signals contribute to the Hold rating.
In another report released on September 24, Barclays also maintained a Hold rating on the stock with a $57.00 price target.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRNO in relation to earlier this year.