Terreno Realty Continues to Expand Portfolio with Strategic Acquisitions in Santa Ana and Long Island City: A Focus on Value-Accretive Investments and Future Growth in Key U.S. Markets

JudahBusiness2025-06-268200

Terreno Realty (TRNO) has made another strategic acquisition, purchasing an industrial property in Santa Ana, CA, for around $49.5 million. This latest acquisition follows a series of moves by the company to restructure its portfolio and focus on value-accretive investments.

The newly acquired property is located at 3500 West MacArthur Boulevard and comprises a 134,000 square foot industrial distribution building on 12.1 acres of industrial-zoned land. The property is 100% leased to a major home improvement retailer and is operational as a retail location. With its strategic location adjacent to I-405 in Orange County and equipped with seven dock-high and three grade-level loading positions, the property is expected to attract tenants and contribute to revenue growth.

TRNO's ongoing efforts to restructure and expand its portfolio position it well for future growth in key U.S. markets. The company has been actively disposing of non-core assets and investing in high-value properties to support its long-term revenue growth. These efforts are part of the company's disciplined capital-recycling strategy.

In addition to TRNO, two other top-ranked stocks from the REIT sector are VICI Properties (VICI) and W.P. Carey (WPC), both currently carrying a Zacks Rank #2 (Buy). VICI Properties' 2025 FFO per share is expected to be $2.35, up 3.98% year over year, while W.P. Carey's 2025 FFO per share is pegged at $4.88, up 3.83% year over year.

Shares of TRNO have gained 5.5% in the past month compared to the industry's rise of 2.2%. The company's portfolio-rebalancing efforts are part of its larger strategy to expand its presence in six major coastal U.S. markets, including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C. These markets exhibit solid demographic trends and healthy demand for industrial real estate. However, the company acknowledges the challenges posed by macroeconomic uncertainty and tariff issues.

Investors interested in following the company's progress can refer to Zacks Investment Research for the latest stock analysis and recommendations. For more information and analysis on TRNO, VICI, and WPC, refer to their respective free stock analysis reports available on Zacks Investment Research.

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