Terreno Realty (TRNO) Shares Soar 9.09% Amid E-commerce Demand

Terreno Realty (TRNO) shares surged by 9.09% today, marking a significant rebound after the stock price fell to its lowest level since May 2020, with an intraday decline of 5.86%.

In the first quarter of 2025, Terreno Realty experienced a sequential decrease in same-store occupancy, dropping to 97.4% from 98.3%. However, this figure still represents an improvement from the 96.3% recorded in the same period last year. This occupancy rate decline was offset by a notable 34.2% increase in cash rents on new and renewed leases, reflecting robust demand for the company's industrial real estate assets in the expanding e-commerce sector.

Analysts have also weighed in on Terreno Realty's performance. Scotiabank reduced its price target for TRNO from $68.00 to $57.00, maintaining a "sector perform" rating. This adjustment comes as Piper Sandler downgraded the company, citing significant market fluctuations affecting industrial REITs. These analyst actions, combined with the company's occupancy and rental growth dynamics, have contributed to the recent volatility in Terreno Realty's stock price.