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Is Terreno Realty a Buy?

TheMotleyFool

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Terreno Realty (NYSE: TRNO) stock has been beaten down this year -- and it's still kind of expensive. Yet this small-warehouse specialist is still a buy. Especially for me.

The reason I say "especially for me" is that I first bought this real estate investment trust (REIT) last year while it was near the crest of a wave of share price acceleration fueled by intense demand for warehouse space that was driving vacancies to new lows and rents to new highs.

Then 2022 happened. Now, the group of 13 publicly traded industrial REITs tracked by trade group Nareit has posted a year-to-date total decline of 23% or so. This after a 2021 during which the same group soared by 62%. Terreno specifically is down about 28% year to date.

Source Fool.com

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