Terreno Realty Stock Price, News & Analysis

Terreno Realty Corporation (NYSE:TRNO) reported third-quarter 2025 operating, investment and capital markets activity. As of September 30, 2025, the company owned 307 buildings (≈20.2M SF) and 44 improved land parcels (≈146.4 acres) leased to 676 customers.

Key metrics: 96.2% operating occupancy (vs 97.7% prior quarter), 98.6% same-store occupancy, 17.2% increase in cash rents on new/renewed Q3 leases and 23.8% YTD. Q3 acquisitions totaled $472.6M (Q3 purchases include a $426.9M multi-market portfolio); YTD acquisitions $596.1M. Q3 dispositions were $102.8M; YTD dispositions $386.4M. Began one development (expected investment $54.1M) and completed one (investment $39.9M).

Capital markets: YTD ATM issuance 3,506,371 shares for gross proceeds $237.4M; no ATM shares issued in Q3. Revolving credit balance ≈$280M; no 2025 maturities and $50M due in 2026.

Terreno Realty Corporation (NYSE:TRNO) sold a 603,000 sq ft industrial distribution property in South Brunswick, New Jersey on October 6, 2025 for approximately $144.2 million. The 35.5-acre site was 100% leased at sale.

Terreno originally bought 413,000 sq ft on the site on September 29, 2010 for $22.5 million and in 2013 expanded the building by 190,000 sq ft with an additional investment of $13.6 million. The company reported an unleveraged IRR of 13.4% on the investment.

Terreno Realty Corporation (NYSE:TRNO) has begun construction of Building 36 at Countyline Corporate Park Phase IV in Hialeah, Florida. The 214,000 square foot industrial distribution building is already 51% pre-leased to an international logistics company with a lease running through June 2037.

The building, part of a larger 121-acre development project, represents a $54.1 million investment with an estimated stabilized cap rate of 5.8%. The complete Countyline Corporate Park Phase IV project will feature 10 LEED-certified buildings totaling 2.2 million square feet with a total investment of approximately $511.5 million, expected to be completed in 2027.

Terreno Realty Corporation (NYSE:TRNO) has fully leased its Countyline Corporate Park Phase IV Building 34 in Hialeah, Florida. The 220,000 square foot industrial distribution building secured three major tenants: a cruise ship industry supplier (153,000 sq ft), a white-glove delivery service provider (35,000 sq ft), and a global automotive refinish systems manufacturer (32,000 sq ft).

Building 34, representing a $55.2 million investment with an estimated 5.7% stabilized cap rate, is expected to achieve LEED certification. The building's stabilization in Q1 2026 will bring Phase IV to 80% completion, with eight buildings totaling 1.8 million square feet fully leased. Upon full completion in 2027, Phases III and IV combined will comprise 17 buildings spanning 3.5 million square feet.

Terreno Realty Corporation (NYSE:TRNO), an industrial real estate company operating in six major coastal U.S. markets, has secured a significant lease renewal in Lynwood, California. The agreement covers a 4.9-acre land parcel with a rail transshipment facility, leased to a liquid food product distributor.

The lease will commence on January 1, 2026, and run through December 2037, representing a long-term commitment of approximately 12 years. The property is part of TRNO's portfolio, which spans major markets including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.

Terreno Realty Corporation (NYSE:TRNO) has completed a significant multi-market portfolio acquisition valued at $426.9 million. The latest transaction, finalized on September 9, 2025, involves industrial properties in Doral, FL and Kearny, NJ for $194.3 million.

The newly acquired portfolio comprises three industrial distribution buildings spanning approximately 509,000 square feet on 27.6 acres, with a current occupancy rate of 36% across five tenants. This acquisition follows the Woodinville, Washington purchase completed in August 2025, bringing the total portfolio to 1.2 million square feet with an estimated stabilized cap rate of 5.0%.

Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property in South San Francisco, California for $10.2 million. The property, located at 258 Littlefield Avenue, features a 32,000-square-foot industrial distribution building on 1.1 acres, situated between San Francisco International Airport and the City of San Francisco.

The facility includes four dock-high positions and parking for 24 cars. It is currently 100% leased on a short-term basis until October 2025, with an estimated stabilized cap rate of 5.8%. The property is strategically positioned adjacent to Terreno's existing property at 240 Littlefield Avenue, expanding their presence in one of their six major coastal U.S. markets.

Terreno Realty Corporation (NYSE:TRNO), a major industrial real estate operator in six coastal U.S. markets, has secured an early lease renewal for a 63,000 square foot property in Seattle, Washington. The tenant is a co-warehousing services provider, with the lease set to begin on July 1, 2026 and run through June 2033.

The company specializes in industrial real estate across key markets including New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle, and Washington, D.C.

Terreno Realty Corporation (NYSE:TRNO) has announced the completion and full lease-up of Building 33 at Countyline Corporate Park Phase IV in Hialeah, Florida. The newly developed 158,000 square foot industrial distribution building represents a total investment of $39.9 million with an estimated stabilized cap rate of 5.9%.

The building is part of a larger 121-acre development project entitled for 2.2 million square feet of industrial space. Upon completion in 2027, Countyline Phase IV will feature ten LEED-certified buildings with a total expected investment of $511.5 million. Combined with Phase III, the entire Countyline Corporate Park will encompass 17 buildings totaling 3.5 million square feet.