TRNO - Terreno Realty: Attractive Financials But Overvalued (Rating Downgrade)
2024-03-07 08:15:00 ET
Summary
- Terreno Realty is a premier industrial REIT with a strong presence in supply-constrained markets.
- TRNO has shown impressive cash rental growth and same-store NOI growth, with a track record of market-beating returns over the past 10 years.
- While TRNO has a solid balance sheet and value-add opportunities, its current valuation may not be attractive compared to other industrial REITs.
Those who have been through the dot com bubble and crash may be keen to see parallels between that and the current Al-frenzy that's gripped the market today, in which some investors are chasing growth at any cost. As such, it's probably a good idea to stay level-headed and focused on one's own investment objectives rather than give into FOMO and overpay for some stocks at nosebleed valuations, as those who have been through these cycles know how they usually end....
Terreno Realty: Attractive Financials But Overvalued (Rating Downgrade)