Here’s Why Bernzott Capital Added Terreno Realty Corp. (TRNO) in its Portfolio

Bernzott Capital Advisors, an investment management company, released its “US Small Cap Value Strategy’’ second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, on a net basis, the fund fell -17.73%, more than the R2000V’s decline of -15.28% and R2500V’s decline of -15.39%. Industrials and healthcare sectors contributed positively to the fund’s relative performance, whereas transportation, materials, and financials sectors hurt the fund’s performance.  In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Bernzott Capital Advisors discussed stocks like Terreno Realty Corporation (NYSE:TRNO) in the second quarter investor letter. Based in America, Terreno Realty Corporation (NYSE:TRNO) acquires, owns, and operates industrial real estate. On September 8, 2022, Terreno Realty Corporation (NYSE:TRNO) stock closed at $61.94 per share. One-month return of Terreno Realty Corporation (NYSE:TRNO) was -6.08% and its shares lost 5.99% of their value over the last 52 weeks. Terreno Realty Corporation (NYSE:TRNO) has a market capitalization of $4.679  billion.

Here is what Bernzott Capital Advisors specifically said about Terreno Realty Corporation (NYSE:TRNO) in its Q2 2022 investor letter:

“Terreno Realty Corporation (NYSE:TRNO): This REIT with industrial properties in high barrier to entry coastal markets should continue to benefit from the growth in e-commerce coupled with a renewed focus on supply chain infrastructure. The lack of new supply in its markets combined with its exposure to high population density and high-volume distribution points should continue to drive better-than-market rent growth and returns. With a strong balance sheet, TRNO should continue to add to its portfolio with accretive acquisitions in its core markets driving accelerated dividend growth. The stock currently yields 2.4%.”

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Terreno Realty Corporation (NYSE:TRNO) is not on the list of 30 Most Popular Stocks Among Hedge Funds. As per our database, Terreno Realty Corporation (NYSE:TRNO) was held by 14 hedge fund portfolios at the end of the second quarter, which was 17 in the previous quarter. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.