Terreno Realty Corporation (TRNO)
Terreno Realty Corporation is a prominent real estate investment trust (REIT) specializing in the acquisition, development, and operation of industrial properties in urban infill locations across major coastal markets in the United States. The company focuses on logistics facilities, serving the growing demand for e-commerce and distribution centers, which positions it strategically within the expanding industrial sector. With a robust portfolio of high-quality assets, Terreno Realty aims to deliver strong returns to its investors through meticulous property management and value-enhancing initiatives.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 27.06% per annum.
- TRNO price at the close of November 20, 2025 was $60.10 and was higher than the top border of the primary price channel by $13.90 (30.08%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 12.92% per annum.
- TRNO price at the close of November 20, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of TRNO price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: July 11, 2024
End date: January 15, 2025
a = 5.3516
b = -0.0009
s = 0.0285
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -27.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0285) – 1
= 12.09%
July 11, 2024 calculations
Top border of price channel:
Exp(Y911)
= Exp(a + b × X911 + 2 × s)
= Exp(a + b × 1,326 + 2 × s)
= Exp(5.3516 + -0.0009 × 1,326 + 2 × 0.0285)
= Exp(4.2626)
= $71.00
Bottom border of price channel:
Exp(Y911)
= Exp(a + b × X911 – 2 × s)
= Exp(a + b × 1,326 – 2 × s)
= Exp(5.3516 + -0.0009 × 1,326 – 2 × 0.0285)
= Exp(4.1485)
= $63.34
January 15, 2025 calculations
Top border of price channel:
Exp(Y1,040)
= Exp(a + b × X1,040 + 2 × s)
= Exp(a + b × 1,514 + 2 × s)
= Exp(5.3516 + -0.0009 × 1,514 + 2 × 0.0285)
= Exp(4.1001)
= $60.35
Bottom border of price channel:
Exp(Y1,040)
= Exp(a + b × X1,040 – 2 × s)
= Exp(a + b × 1,514 – 2 × s)
= Exp(5.3516 + -0.0009 × 1,514 – 2 × 0.0285)
= Exp(3.9860)
= $53.84
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 27.06% per annum.
- TRNO price at the close of November 20, 2025 was $60.10 and was higher than the top border of the primary price channel by $13.90 (30.08%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 3, 2025
End date: November 20, 2025
a = 3.4713
b = 0.0003
s = 0.0287
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 12.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0287) – 1
= 12.17%
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,094)
= Exp(a + b × X1,094 + 2 × s)
= Exp(a + b × 1,592 + 2 × s)
= Exp(3.4713 + 0.0003 × 1,592 + 2 × 0.0287)
= Exp(4.0587)
= $57.90
Bottom border of price channel:
Exp(Y1,094)
= Exp(a + b × X1,094 – 2 × s)
= Exp(a + b × 1,592 – 2 × s)
= Exp(3.4713 + 0.0003 × 1,592 – 2 × 0.0287)
= Exp(3.9439)
= $51.62
November 20, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.4713 + 0.0003 × 1,823 + 2 × 0.0287)
= Exp(4.1356)
= $62.53
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.4713 + 0.0003 × 1,823 – 2 × 0.0287)
= Exp(4.0208)
= $55.74
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 12.92% per annum.
- TRNO price at the close of November 20, 2025 was inside the secondary price channel.