Terreno Realty (NYSE:TRNO) & FIBRA Terrafina (OTCMKTS:CBAOF) Critical Analysis

FIBRA Terrafina (OTCMKTS:CBAOF) and Terreno Realty (NYSE:TRNO) are both real estate companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, profitability, analyst recommendations, valuation, institutional ownership, dividends and risk.

Profitability

This table compares FIBRA Terrafina and Terreno Realty’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
FIBRA Terrafina	N/A	N/A	N/A
Terreno Realty	77.22%	9.21%	7.07%

Analyst Recommendations

This is a summary of recent ratings and recommmendations for FIBRA Terrafina and Terreno Realty, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
FIBRA Terrafina	0	0	0	0	0.00
Terreno Realty	2	3	7	1	2.54

Terreno Realty has a consensus price target of $72.57, indicating a potential upside of 5.94%. Given Terreno Realty’s stronger consensus rating and higher probable upside, analysts clearly believe Terreno Realty is more favorable than FIBRA Terrafina.

Earnings and Valuation

This table compares FIBRA Terrafina and Terreno Realty”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
FIBRA Terrafina	N/A	N/A	N/A	N/A	N/A
Terreno Realty	$476.38 million	15.67	$402.99 million	$3.73	18.37

Terreno Realty has higher revenue and earnings than FIBRA Terrafina.

Summary

Terreno Realty beats FIBRA Terrafina on 8 of the 8 factors compared between the two stocks.

About FIBRA Terrafina

Terrafina (BMV:TERRA13) is a Mexican real estate investment trust formed primarily to acquire, develop, lease and manage industrial real estate properties in Mexico. Terrafina’s portfolio consists of attractive, strategically located warehouses and other light manufacturing properties throughout the Central, Bajío and Northern regions of Mexico. It is internally managed by highly qualified industry specialists and externally advised by PGIM Real Estate. Terrafina owns 291 real estate properties, including 287 developed industrial facilities with a collective GLA of approximately 42.8 million square feet and 4 land reserve parcels, designed to preserve the organic growth capability of the portfolio. Terrafina’s objective is to provide attractive risk-adjusted returns for the holders of its certificates through stable distributions and capital appreciations. Terrafina aims to achieve this objective through a successful performance of its industrial real estate and complementary properties, strategic acquisitions, access to a high level of institutional support, and an effective management and corporate governance structure.

About Terreno Realty

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited. As of December 31, 2023, the Company owned 259 buildings aggregating approximately 16.0 million square feet, 45 improved land parcels consisting of approximately 152.4 acres, seven properties under development or redevelopment and approximately 62.7 acres of land entitled for future development. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.