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Terreno Realty Corporation (NYSE:TRNO) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Northern New Jersey/New York City, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C.
The company is set to report its Q4 2024 earnings on Feb. 5, 2025. Wall Street analysts expect an EPS of $0.62, up from $0.58 in the year-ago period. According to Benzinga Pro, quarterly revenue is projected to reach $98.20 million, compared to $86.48 million in the previous year.
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The company's stock traded at approximately $21.22 per share 10 years ago. If you had invested $10,000, you could have bought roughly 471 shares. Currently, shares trade at $59.64, meaning your investment's value could have grown to $28,106 from stock price appreciation alone. However, Terreno Realty also paid dividends during these 10 years.
Terreno Realty's dividend yield is currently 3.29%. Over the last 10 years, it has paid about $11.80 in dividends per share, which means you could have made $5,560 from dividends alone.
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Summing up $28,106 and $5,560, we end up with the final value of your investment, which is $33,666. This is how much you could have made if you had invested $10,000 in Terreno Realty stock 10 years ago. This means a total return of 236.66%. In comparison, S&P 500 total return for the same period is 227.93%.
Terreno Realty has a consensus rating of "Neutral" and a price target of $68.13 based on the ratings of 15 analysts. The price target implies more than 14% potential upside from the current stock price.
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On Nov. 6, the company announced its Q3 2024 earnings, posting a GAAP EPS of $0.37, compared to the consensus estimate of $0.36, and revenues of $99.635 million, compared to the consensus of $97.503 million, as reported by Benzinga.
Year-to-date, Terreno Realty has acquired four properties of seven buildings containing approximately 423,000 square feet and a multi-market portfolio of industrial properties comprising 28 buildings containing approximately 1.2 million square feet for an aggregate purchase price of approximately $474.9 million.
Given the historical stock price appreciation and expected upside potential, growth-focused investors may find Terreno Realty stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 3.29%.
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This article If You Invested $10,000 In Terreno Realty Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com
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