Scotiabank lowered the firm’s price target on Terreno Realty (TRNO) to $57 from $68 and keeps a Sector Perform rating on the shares. The firm sees slowing U.S. net absorption in the U.S. Industrial REITs sector and expects no occupancy recovery in the market for 2H of 2025, the analyst tells investors. While Industrial REITs have underperformed since Trump’s tariff announcement, the firm sees little potential for positive catalysts over the year and believes Street estimates for 2026-2027 are too high.
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Read More on TRNO:
- Terreno Realty downgraded to Neutral from Overweight at Piper Sandler
- Terreno Realty price target lowered to $57 from $60 at Barclays
- Terreno Realty price target raised to $68 from $64 at Scotiabank
- Terreno Realty upgraded to Buy from Neutral at Goldman Sachs
- Terreno Realty: Balancing Strong Demand with Slowing Income Growth and Valuation Risks