TRNO and REXR Stock Offerings: Everything You Need to Know (Includes A Target Update)

Late night update for the industrial REITs.

Note: The “conclusion” section at the end covers this entire article in about 1 paragraph. If you want it in under a minute, just fly to the end and scan it.

Terreno (TRNO) TRNO 0.00%↑ and Rexford (REXR) REXR 0.00%↑ both announced plans to issue some stock.

It's a tale of two press releases. One was great, the other was dreadful.

This is a lesson in public communication, but it is also driving a price target update.

You can expect another price target update to be added soon in the Industrial REIT Sector Update..

However, I felt it was important to get one out tonight and to explain the complicated announcement from REXR.