Terreno Realty (TRNO)

• Market cap: $5.94B
• 1 day: 1.69%
• 5 days: 8.24%
• 1 month: -14.38%
• 3 months: -5.75%
• 6 months: -10.52%
• Year to date: 0.51%
• 1 year: 3.91%
• 5 years: 5.24%
• 10 years: 158.82%
• Sector: Real Estate
• Industry: Industrial REIT

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

44% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 41

31% more repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 106

12.55% more ownership

Funds ownership: 105.97% [Q3] → 118.52% (+12.55%) [Q4]

3% more funds holding

Funds holding: 323 [Q3] → 332 (+9) [Q4]

1% less capital invested

Capital invested by funds: $6.84B [Q3] → $6.78B (-$60.4M) [Q4]

67% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 1 (-2) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $57 1% downside
• Avg. target: $66 14% upside
• High target: $77 33% upside

6 analyst ratings

• positive: 2 33%
• neutral: 4 67%
• negative: 0 0%

Piper Sandler Alexander Goldfarb 32% 1-year accuracy 13 / 41 met price target	4% upside $60	Neutral Maintained	15 Apr 2025
Scotiabank Greg McGinniss 31% 1-year accuracy 5 / 16 met price target	1% downside $57	Sector Perform Maintained	7 Apr 2025
Barclays Brendan Lynch 34% 1-year accuracy 10 / 29 met price target	1% downside $57	Equal-Weight Maintained	25 Mar 2025
Goldman Sachs Caitlin Burrows 46% 1-year accuracy 12 / 26 met price target	33% upside $77	Buy Upgraded	21 Feb 2025
BMO Capital John Kim 50% 1-year accuracy 8 / 16 met price target	27% upside $73	Market Perform Maintained	12 Feb 2025