Terreno Realty Corp reports results for the quarter ended March 31 - Earnings Summary

• Terreno Realty Corp TRNO.N reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of two analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 32 cents to 39 cents per share.

• Revenue rose 29.9% to $110.42 million from a year ago; analysts expected $108.25 million.

• Terreno Realty Corp's reported EPS for the quarter was 47 cents​.

• The company reported quarterly net income of $47.92 million.

• Terreno Realty Corp shares had fallen by 10.9% this quarter and lost 4.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is "hold."

• Wall Street's median 12-month price target for Terreno Realty Corp is $66.00

This summary was machine generated from LSEG data May 7 at 10:19 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)