TRNO announced a cash dividend of 0.45 with an ex-date of Sep. 28, 2023
|Bid||56.83 x 900|
|Ask||58.59 x 800|
|Day's Range||56.58 - 57.44|
|52 Week Range||50.36 - 67.03|
|Beta (5Y Monthly)||0.81|
|PE Ratio (TTM)||30.87|
|Forward Dividend & Yield||1.80 (3.16%)|
|Ex-Dividend Date||Sep 28, 2023|
|1y Target Est||N/A|
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Terreno Realty purchased a low-level office property in Orange County, Calif., earlier this month for $14.8 million, the company announced, with plans to convert the site into industrial space. The 4.9-acre site at 1720 East Garry Avenue in Santa Ana currently contains three multi-tenant office buildings, all leased on a short-term basis. Terreno plans to demolish the property, which it acquired from Greenlaw Partners, and redevelop it into a 92,000-square-foot, rear-load industrial distribution building.
These two companies have significantly underperformed the S&P 500, but here's why they could be smart opportunities.
Terreno Realty (TRNO) purchases a 4.9-acre industrial property in Santa Ana for $14.8 million. The move is likely to accelerate its external growth amid favorable industry fundamentals.