Terreno Realty Corporation TRNO has announced the disposition of an industrial property encompassing roughly 86,000 square feet on 6.9 acres in Somerset, NJ, on Nov 17, 2022. The sale was carried out for around $25 million.Reflecting positive sentiments, shares of the company gained 1.44% on Nov 18 normal trading session on the NYSE.The property, which was purchased by Terreno Realty on Sep 1, 2016, for roughly $9.1 million, yielded an unleveraged internal rate of return of 20.7%. It is presently 100% leased to a single tenant.Moreover, in October 2022, it sold one industrial property in Kent, WA, for $8.7 million (net book value of roughly $2.9 million). Notably, from the beginning of 2022 through Nov 1, 2022, the company carried out dispositions aggregating $119 million. Simultaneously with its recent disposition on Nov 17, TRNO executed an early lease renewal of 63,000 square feet with a global freight forwarding provider in Jamaica Queens, NY. This lease will now expire in December 2027 instead of in December 2022.Terreno Realty is expanding through acquisitions to enhance its portfolio in six major coastal U.S. markets — Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, DC.These markets exhibit solid demographic trends and witness healthy demand for industrial real estate. It targets functional assets at in-fill locations, which enjoy high-population densities and are situated near high-volume distribution points.Moreover, the demand for industrial real estate space is soaring, given the growth in industries, an e-commerce boom and companies striving to improve supply-chain efficiencies. Therefore, TRNO’s recent expansionary moves are likely to be accretive to long-term growth.In November 2022, it acquired one industrial property in Los Angeles, CA, from an unrelated third party for a total purchase price of nearly $17 million. The property was acquired using existing cash on hand and borrowings from the company’s revolving credit facility.Further, from the beginning of 2022 through Nov 1, 2022, TRNO completed acquisitions worth $377.1 million.With a solid balance-sheet position and investment-grade credit ratings rendering financial flexibility, TRNO remains well-positioned to capitalize on long-term growth opportunities.Analysts, too, seem bullish about this Zacks Rank #3 (Hold) company. The recent trend in estimate revision for 2022 funds from operations (FFO) per share indicates a favorable outlook for the company as the same has moved 1% upward over the past month.In the quarter-to-date period, TRNO shares have gained 10.2% compared with its industry’s growth of 5.3%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the REIT sector are VICI Properties VICI, Lamar Advertising LAMR and Chatham Lodging Trust REIT CLDT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for VICI Properties’ current-year FFO per share is currently pegged at $1.91.The Zacks Consensus Estimate for Lamar Advertising’s 2022 FFO per share presently stands at $7.34.The Zacks Consensus Estimate for Chatham Lodging Trust REIT’s ongoing year’s FFO per share is pegged at $1.17, presently.Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lamar Advertising Company (LAMR): Free Stock Analysis Report Terreno Realty Corporation (TRNO): Free Stock Analysis Report Chatham Lodging Trust REIT (CLDT): Free Stock Analysis Report VICI Properties Inc. (VICI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research